Member Info for LONGWAIT

CORRECTION:

... and then he was hung upside-down, JTF.

This reminds me of Goldman Sachs' oil price predictions in recent years.
A few years ago, after prices had slumped, they predicted low prices.
When prices rallied, they said they had overestimated how long it would take for oil demand/supply to recover - and promptly raised their target price.
If I remember correctly, they did the same thing again during the next slump.
It's rather like an attempt to look right when one has been proven wrong.

... and then he was hanged upside-down, JTF.

Well, one ended up hanging upside down.

'Hurricane’s shares dipped over the summer from a high of 60.8p at the end of May due to disappointing results at the Warwick Deep well, which did not flow at commercial rates.

The price regained momentum after production started at the Lincoln and Lancaster projects, bringing in the first revenues as seen in the half-year results published in September.

Reacting to the recent share price fall, Barclays' price target has been reduced to 55p from 75p previously.'

Don't they mean there was a good result at Lincoln, rather than that production has started there?
It does seem that the reduced target price is simply a reaction to the price fall: in other words, the manipulators are causing Barclays to reduce its target price.

I would keep quiet about that, Yasirasmi.
If the MMs hear about it, they'll mark the share price down tomorrow morning.
The shorters might get going too.
Too many shares AND too much oil.

I suppose Barclays base their estimate on the result of the last drill but one, rather than the last one - rather like the Two Ronnies' Mastermind sketch, in which Ronnie Corbett answers the last question but one.

Or maybe they think HUR has too many shares and too much oil.

At least we know Barclays isn't shorting HUR.

I'm confident that my O-level grade in English Language was at least as good as yours, MU.

I wasn't talking about the NEWS of the APEC transfer, as you well know.
I was talking about heightened speculation that it would soon be completed, based on assurances given to TOR.

We can argue endlessly about the difference between news and speculation, but the LOGP share price didn't rise to 2.5p on NEWS that the transfer had been completed; it rose on speculation.

The share price rose to about 2.5p when we THOUGHT the transfer by APEC was about to be completed.

It didn't rise because of a known fact, but because of speculation.

The Grammar Police are shocked and saddened to learn that the late and great Oscar Wilde used 'either' in reference to three options.

In consideration of his standing and the fact that he is no longer with us, no action will be taken.

AH.
Spoken like a true poker player!
Fabulous Furry Bluffer.

I've got it!

STFU = Salute To Fabulous/Furry You!

I just looked up STFU, although I already had an uneasy feeling about the third letter.

Acronym. Definition. STFU. Shut the Freak Up (polite form)
I'm sure that's not what WW meant, Double.
He wouldn't dare call the Father of the BB a freak.

I agree with both your points, Double: HUR already is a viable producer (although it has set a target of 6-12 months' production) and is free of debt - which just goes to show that your determination to sell most of your holding at 56p is based on share price history and has nothing to do with fundamentals.

Only news of a deal to replace the one with APEC could lead to a sustainable rise in the share price.
Otherwise, it could be pump and dump.
PVR shares are at about their all-time-low.
LOGP shares are not going to be able to soar without them.

I hope we receive a reasonable offer.
I don't know whether we will receive one, but I do know that the longer this goes on, the more likely it is that an offer has been received and is being discussed.

During the last hour, there were two buys of 250,000 each, too.

While you people have been arguing, did any of you notice that someone bought a million shares 17 minutes before the close?

You mean 1870s?

I remember the Congress of Berlin, back in '78.