Member Info for Mandrill

No doubt another false dawn. I'm sure the MMs keep creating these little mark ups to sucker people in.

I'm sure this won't stop falling until I bail out.

Interesting to see what people are saying but am amazed that people are considering throwing more of their money into this pit.
As a wealth destruction venture HUR is up there along with most of the smaller oilers.

It's grown from 60p recently to 20p.

We get these little rises to sucker people into thinking things are on the up and then it falls back.
There's really little value in Vodafone. If you had a bank account like Vodafone you'd soon be homeless.

Great - I'm back in.

Given that HUR is going the way of most small oilers, do people really think they'll make money here? I mean, REALLY?

I've come to realise it's folly investing in the likes of Shell given the 15-20% it's possible to get with US or global funds.
OK we get a 5% dividend but growth is flat over the years.

It should be "company's performance" not "companies performance"

Not sure it is. We've had a little reversal but it looks to me like an uptrend will resume. Hope I'm right.

Given the 2% spread I would have thought that the algorithm that assesses them as buys or sells i.e. above or below mid-price, is likely to mark them correctly.

Thing is - what opportunity/appetite is there for a small oil producer when there is already an overproduction and glut of oil, reducing oil price and anti fossil fuel sentiment?

The sp is the same at was back in 2003. Really good investment this.

It got to £12 I think during the financial crash. Maybe heading there again due to an oil market crash, coupled of course with the fact that I have a large holding. In a way it's flattering to have such an influence on so many share prices.

The CEO view seems very positive but the relentless selling continues.
(Given that according to market theory you can only sell if there is a buyer, I wonder who the buyers are?)

If you look at the 6% or so gap down earlier, followed by a recovery, it looks like MMs trying to take stops out. there can't be a re-assessment of sp value in that time.

As an aside, why do we invest in high risk ventures like HUR when you can average around 15% a year in something like Fundsmith? It would be interesting to have some stats on how many PIs lose on the stock market. I guess people who invest in the likes of HUR think they can win.

ShareNicely - I think the buys/sells are probably fairly accurate as the spread is 2%.

Clearly investors are dumping the stock in large chunks.

As I've already mentioned, this will only be reversed if I sell up too.

Just look at that chart.
At what point should one bail out?
Now would be the correct answer. But I know that would trigger an unexpected recovery. Happens every time.

NT reiterates the foolishness of small oilers.
Only those who game the sp movements AND ARE LUCKY will do ok.

I can't see it reaching an all time high.
It's down today along with others from BP to HUR.
Despite the bad numbers, ihe drop isn't as bad as the drop in VOD - indicating general market sentiment.
If you don't need the money and reinvest the dividends than a period of low sp is a good thing.
Somehow though, I fear that period might be for ever...