Sp holding up - due to day trading?
If we are still producing at the same rate in two years time, with around the same PoO and with no other changes - what will the sp be? It seems to me that is the risked position for LTHs.
As HUR is on the rise I thought of swapping from Vod to Hur. That way Vod holders get a 9p rise and Hur investors get wiped out by another 9p. That would be a dead cert if I did it. Almost worth it to prove myself right.
The only thing I can think of is institutions such as CA and Blackrock dumping shares bit by bit, and PIs seeing the fall eventually selling out too. It doesn't answer the conundrum regarding who holds the sold shares.
FFX would probably have been OK if they had stayed as FFX (or should it be FFS?)
I remember the flack I got a while back for suggesting HUR might fall to 46p.
Yes cutting the div because the yield is high relative the sp is a real risk. Unless the sp rises that's bound to happen. As I said the sp will then fall. I'd have though the directors wouldn't want their stake slashed by such as action but the City might depress the sp until they do like with Vod.
Lots of hope we all have, said Yoda.
Tis true that majors like BP and Shell have fallen massively doe to oil price decline and climate activism and so tidders will feel it even worse.
Take the likes of Equinor (formerly statoil) which has a massive market cap and the sp isn't much different after 10 years.
Therein lies the worry I think.
Unremitting selling indicates a lack of belief in the EQLS story, which is probably what it is.
All one can hope for is a modest recovery some way down the line.
The 'market' is the result of lots of people's votes and I looking at the history of most small oilers it hasn't got this wrong. I'd always feared it'd end up a penny share. Hope kept it afloat a while back.
I would hope for 170 but don't think north of 160 is likely.
The broker targets of £2 plus seem totally implausible and I would have thought they would be concerned about their credibility in stating them.