Member Info for Margaret365

This looks ripe too.

One of those was mine, I'm not a seller, just wanted to put some back in Hurricane as this is ready for a rise again having fallen from 61p and the expectation of oil Q1 2019. So at the 11p level, there are very few sellers. I have 2m shares and very happy with the initial retrace from 10p. Nice round number was the bottom.

Looking very strong.

This has woken up and a retrace is commencing. Mm's have done what was asked but they can no longer keep this down.

Please can you explain Moneylender

Reported after hours as buys but at 15.55 the bid was 10.8 so they may well have been sells which took us down towards the close.

Would be very nice to see. Good RNS, good trading day. Downward trend is over IMHO.

Are we waking up to the facts........

This is in takeover territory. Fundamentally of no sense unless the change to quarterly updates is buying them time on a production issue that they knew needed resolving. Possible work Over? If its business as usual, this is a crazy opportunity. I bought more at 10.20........shown as a sell!

This doesn't suggest something sinister is going on behind the scenes. It's merely sentiment, confidence is low. Further drill failures are being priced in and investor nerves are being severely tested, quite rightly so after the recent 30% fall. If you cannot afford to hold, you cannot afford to lose short term so selling is the only option. Current numbers are ok, we want more oil reserves and flow of course, but plenty of profit being made and we have time. We are not about to run out of oil and we the money to find or buy it!!!

They keep walking this down but a bottom has formed. The sellers appetite below 11 is not there as most investors are looking at the ridiculous price action of the last few weeks and now sitting tight. New buyers are hoping for an ask of sub 11. It's cheap now but everyone wants to buy at the perceived bottom, I have cheeky buy orders in but will be surprised if I get the stock. My position is large and I am in this to win big.

I think the overhang has gone, rising on low volume buying. Book looks ok. Hopefully the bottom was finally called yesterday. The current state of play is out there and good cash being made.

2m Director buy?!

2 million shares just gone through at 11.25.....coul be delayed, if not, then promising

At 5000 bopd the PE is at a level that makes this Company a prime acquisition target. The reseverves are there for either Amerisur or another player to get and utilise the infrastructure in place.

Agree, there is still a seemingly endless supply of stock being offloaded behind the scenes, but it will end and as you say, this will go.

Showing as sells. VWAP 11.93

They are showing it's business as usual. I suspect no great surprises for last months production, more like they are waiting to report alongside sustained increased production from the last week or so. Last month is historical, today's production is of more importance and I expect this has started to move North.

Finished with a large spread, bounced well from this mornings drop which could have caused panic selling amongst shareholders already smarting. Difficult day on the markets but this encouraged buyers and not the capitulation that appears to be wanted. No doubt something is going on!

I will take some of those, holding 2m shares now, I want 5m.