Member Info for marineclark

I reckon in 4 weeks it will be back to where it was before the drop. If we had no gas and this was a wildcat drill I wouldnt have bought back after a duster, but IOG is a cash generative business, in a sector where gas prices are going and staying up. Doesn't take Einstein to know which way the share price is going.

Agreed mcsquares, should be a another good day today. Techincals looking very good here for a sustained move back up.

...shouldnt be too long a wait

Nice quick 30 percent profit JL76, but if this IOG was operating in iraq or ukraine I would be selling for quick profit, but in the UK north sea? I bought at 7.8p, but will be selling for at least 100 percent profit, possible 200 percent, which I think should take be too long a wait.

I'm liking new management already. Strap on folks......

According to yesterday's finncap article update, IOG's $100 million Euro bond does not need to be repaid until September 2024, which is plenty of time given that IOG is still producing.

Plus new management is postive in the long run I believe, and I think the market realises that now after the RNS scare this morning about the new CEO and COO.

I've bought back in. I was waiting to see how the price would react the following day and it did drop a further 8 percent on openn, but seems to have stabilised now. WIll be watching it very closely now, but ask yourself , are gas prices going higher for the forseeable future given that there is no more nordstream, and EU gas to run out in March 2023, and has all of IOG's gas disappeared? I think not, so looking for a two bagger at current prices. But DYOR of course.

You got your wish Loggylogbot

I was thinking about buying some shares here a few days but was waiting on some funds. Luckily I didnt get the chance. I won't be buying now even though it is a lot cheaper than yesterday. Maybe when things settle in a month or two I'll take another look. Good luck

...8p per share dividend payment.

Ex-dividend date is 27 October 2022. Expect a strong rally this week ready for payday.

btw, thanks to moonshot3 at adfn for the buyback figures, I was too lazy to calculate it myself, but it looks good to me.

The share buyback programme is supporting the price at 70p; still plenty of firepower left, having spent $8.6 million to date of $25 million, leaving cica $16.4million left of the buyback cash. This means that this price is highly likely to be the bottom.

Charts indicates this too, as volumes are now dropping off, compared to high volumes last week with the sellers counteracted by the sharebuybacks. Now that the volume is dropping i.e sellers have gone, then logically, if sellers have gone and price is being supported at 70p, there is only one way this is going to go. Also, with production to be restored in November(probably) than there is a catalyst for the share rise in price over the next month or two.

Plenty of cash in bank reduces risk significantly. This looks like a no brainer to me. Of course, with shares, bizaare thingscan happen, so DYOR. who knows, assets may get hit by a meteor or something.

Farmout out news could come any day now.

sonicboom...

This will rocket on farmout news. Its quite the luck that there is again another chance to buy in at the lows. Last week's candlestick was very bullish and signals a reversal. Price appears to be holding and rising, which is what I was looking for to hold onto my position. Its looking good for the next several weeks with price target back to 80p and beyond. Good luch and DYOR.

You day trading it Steven?

I had to 3 weeks for the perfect re-entry, I got it today. Depending on price action next week - it holds or goes up, I will be holding, but if it starts to drop below support that would be a concern. However, this stock has behaved like clockwork. Going forward, I'm expecting a move back to 80, according to the charts.

Price has pulled back to a a long term support rising trendline, so I bought in this morning at 49p. This stock moves in wide swings which makes it a great one for trading. Made good money this last time I was here, but sold too early lats time but at decent profit. This time I'll will hold for a longer, but not long term. News about the farmin could come any day now. Now that Nordstream is gone for good, Loony Biden's attack on the pipeline, this makes it imperative that we get energy projects up and running asap.

... get ready for a rally to come and the move back up to 90p plus.