Member Info for Mandrill

Lots of buys still piling in. Am overweight here and reluctant to buy more on hope. The big spread really ****es me off too. Next 'bland' RNS will surely push the sp down again. We just don't know what it'll take and cost to force any of our wells into giving up their payload.

VOD is getting into infrastructure and data services in order to diversify a bit away from mobile. This is very costly though. Pay off would be medium to long term so we are likely to struggle for some time. Smaller mobile providers can't do this kind of thing but can outcompete VOD on the monthly plan.

Hadn't quite thought of it like that. Good comment.

Re the upwelling of water, it would be interesting to see a reservoir simulation.
Still looking for a re-entry at 46p here due to the gradual trickle down of the sp.
Still hoping I'll be proved wrong.
Can't understand these fanciful £1+ aspirations but hope to be wrong on that too.

I guess that's so. It might be why a lot of pundits have been predicting a dividend cut. We're doomed if that happens!

Dear Roussette and others, from the short term chart it looks like now is a good time to buy more BP.
However, from the longer term chart I can see why some think a fall back to 520 is possible.
Thoughts?

Even with the sp decline the P/E is on the high side for a FTSE stock. Does that matter I wonder?
Looking at the fundamentals, profit after tax is positive in the last FY, but net assets have declined in the last 3.
Valuation with VOD is as difficult as with banks, but the sp reflects what the market thinks.
The main positive here is the dividend but it's not reflected in the valuation.
One thing for sure - if I take a hit and sell out there'll be a sudden re-rating out of the blue (or should that be red). If I don't it'll decline further. I'm not going to sell - so I'm afraid everyone will have to suffer further declines.

Let's just hope the re-rating sticks around 640.
Positives are a)PFC is one of the biggest in the industry and should be around for some time b) big dividend yield.

I was looking at the chart last week and thinking about topping up, but maybe the fact that I didn't meant we have this good news. Market seems to work like that!

None. Just trying to seek opinions of others and drill into the cold hard facts rather than let hope take over completely as so often happens with small oil co.s. Am still invested here. As I said last week and it proved right I was reluctant to buy more before the latest RNS, however.

...I meant the bit about MMs bidding for stock?

just how would you know that?

The well is a dud. They need to move on.

No. Might regret it though.

That is true but it's expensive and might not yield much. Completely different from encountering a big free reservoir of trapped gas like in the N Sea. Big question then is how long before there is a fund raising to keep the show on the road (in other words sustaining directors salaries)?

Thanks for ignoring my negativity. Hope that supports the sp.

Extraction from these recalcitrant reservoirs is increasingly looking difficult and expensive and possibly not commercially viable. I'm minded to make an 8p prediction as investors lose faith. This is consistent with a history of losing 50% of my investment due to not selling when hype is high as it has been recently. So I hope people ignore my comments.

The P/E is lower than the typical FTSE.
The div is towards the upper range of the typical FTSE.
However, sentiment is low because Lloy somehow stands as a Brexit proxy.
Next year should see the sp find its 'natural' level.
It wouldn't make sense for the sp to go much below 60p in the meantime. The market cap is too big for major manipulation.

Indeed.

The current sp is driven by hope not value. So we need substantial / positive results. For me this is a pure punt, but there are indeed a number of wells so there is some hope.