Member Info for Madmaxium

The old buy the rumour sell the fact play!

I am going to keep a eye on shell in Uruguay if they find anything in there patch this stock will gap up without warning, it’s a clever play for ceg let shell spend its cash searching and mapping out the area any success will help this stock just through expectations of a find in ceg acreage it’s a nice little ace card. Meanwhile focus on production of existing fields and cut costs, oil prices are likely to stay high for the next two to three years if Milton Friedmans explanation of inflation has merits based from the 70s.

I think the wording was key to saffron 2 well, he focused on the data showing from predrilled expectations, then backed it up with the petrophysical analysis of samples taken as they drilled showing the quality of the oil as they cased and reached final stage of where the reservoir of oil would be and then they production tested it, the results weren’t what the predrill expectations suggested. The predrill expectations was for a commercial discovery, oil companies use this wording a lot, the signs where there in the data
but it didn’t turn out to be as expected.

I disagree with you, they did what was needed to be done to survive a event which has never happened before in history a oil collapse to -40, a very tough investment environment which banks have been deliberately avoided investing in for over 10 years, large institutions are only now dipping toes back in, this market has been a hated sector for over 10 years. Try and make a company survive in these conditions takes grit.

Many went bankrupt in the USA barrenboy and had chapter 11 protection wiped out shareholders entirely and reissued stock Gulfport energy for a example went bankrupt wiped out investors and then was revalued at $68 a share it was trading under a $1 how is that fair,
Other uk oil companies consolidated their share price to keep there share prices higher like harbour energy for example, CEG took a risk to drill it failed they have diluted shares holders to survive, they have a lot of rope moving forward to keep the SP higher where as other companies can only dilute shareholders as they have already used there ace cards. Believe it or not what ceg has done is saved the company and also given it a lot of opportunities in the future I do admit it was at the loss of the investors along the way but if the company failed all would have been lost anyway.

It will pay to be nuts this time output, logic is not always the way markets work, when oil prices start to fall this stock will go up.

We will catch up again in 6 months and see your stance output I won’t disappear into obscurity,
If I am wrong I will take it on the chin and at a loss as I am invested, This is nothing new all happened before, this is a cyclical stock at the start of a commodities bull market, 2 years in after global oil price collapse then a massive recovery to over $100 a barrel there will be a price rebalancing of stocks with a lag, they go from overvalued to undervalued and find the mean then the cycle begins again, to top it of the uk market as a whole has been in a cyclical downturn for many years along with Europe markets move in cycles within cycles hard part is to work out where we are in that cycle.

I think personally your timeframe is out willec, I believe this stock will go up over the next 6 months all the gains will be made in that period, then the stock will consolidate for 18 - 24 months, oil prices will still be high which will make the bull trap affective, there is probably going to be share consolidations next year to keep SP up, but I personally think the big move will come this year and then when investors become bullish the slow bleed will start again and last for 24 months.

All I know is what was in PRD statement of why they are seeking legal action, happy to listen if you have other information regarding.

It’s a tactical decision to not share details at this time, if challenger was to make statement defending its position publicly it would erode confidence in shareholders not give confidence, it’s for the legal process to decide ultimately. To not share information is the wisest course under this situation, that day most of Uk stocks where down not just ceg sp, PRD has fallen 14% today on it financial statements a costly legal process with ceg is making its investors nervous and not a obvious legal route has been provided in there position the burden is on them to prove foul play has occurred and they haven’t as of yet. The statement ceg provided was adequate for the circumstances and if dealt with correctly will boast there sp in the future.

Looking into PRD RNS, they didn’t seem to plan a long drawn out legal situation with Ceg, they have not said much past they are going to resolve it within this year, points to a more negotiation stance between both parties if they had the legal backing to sue for losses in certainty they wouldn’t be negotiating like this and wouldn’t be able to suggest a end to the matter this year and would have provided there shareholders more clarity on the process. Seemed more like competition tactics a statement release is cheap to do the damage can be hard and lasting rather than actually acting on what was stated.

Ever think what his motive could be, nice when people like to help each other with investing but to believe what people tell you even if there track record is good,
The game is and always has been to move the money from your account into theirs, that works both ways, telling people a stock will climb so they can unload there positions on to you and telling people the game is over when it’s is just about to change and they buy up there positions. No one can predict the future nor the outcome of litigation if they could it would be pointless going through the process. Trust no one and draw your own conclusions about a stock.

The only thing I see as a positive here for the rns is if shell was to put In all the effort and have a find in a few years, the hype alone would pump ceg but then would come a bull trap for years until they make a find or out source,

Watched the proactive interview from 3 weeks ago, I did feel Eytan was being generously optimistic with his comparison of the Uruguay lease they have, he used shells successful drill in Namibia as a positive to this for he says it’s opposite to Namibia with that logic it’s over 4000 miles away might as well say they found oil in Australia which is pretty close being on the other side of the planet we should find oil this was a weak reason best not have being said I felt. Use closer examples to confirm your findings like say the area that you are in would be useful!

It feels like we are building a bad news is good news and good news is bad news situation in this stock.

Thank you for taking the time to give your insight and experience into the company icemax, I appreciate it and very good points to think on.

The sentiment level here is interesting, been watching this chat for over a year now, noticed it is always had a large negative bias, understandably so after many have been burned. but certainly the negative sentiment has been ramped up last few weeks especially after yesterday before earnings, I like to take a contrarian view personally but have found all information and advice useful from all..

Seems like more of a flush out of retail investors to me, timing is just to good! This legal action is well timed my feelings.

Check out oilprice.com article about South America published today may see there is changes coming major oil companies are moving in.