Member Info for marineclark

The volume today was very telling. It was tiny compared to the previous days. The volume over the last five days has been exceptionally high with little price movement, suggesting that the buybacks was counteracting the selling sufficiently that the price did not drop. In fact the price range has been very tight this last week. However, notice that today there wasn't much need for buybacks as the sellers have gone. Of course need to see if this continues tommorow. But this appears to be the bottoms forming. Next week, and going forward should be very interesting indeed.

Good find Raxfactor. I bought in a short time ago.

With the buybacks it appears that they won't let the price drop below 70p. Now would be the best time to buy IMO, which is why I just did.

Chart wise, price is forming a base, most likely to be the bottom. I see a rise towards 100p soon, an almost 50 percent invrease from current price. Plenty of cash in the bank and price droppped on bad production news but should recover when full produciton is restored. At current price, this is like as close to free money as you are going to get. DYOR.

Looks like the train is moving... last chance to get on.

Quelfromage1, spot on there. Its not going to take much buying to move this higher as suuply is very limited due to the tiny free float. As long as toscafund and midwestern arent planning to sell any any time soon, and why would they - current fair value is 80p, and longer term NPV is $1.1 billion, any sort of good news will see this rocket. Even today, the price has risen a good amount. But still another 100 percent to play for. Its like free money sometimes when you spot a good stock.

The train is moving folks.....

Its a funny old world, I had two chances to take 25 percent profits but didn't and when I did, it takes off. No hard feelings though, knew the risk of taking early profits when a farmout news was coming, so my own fault. Well done folks. If you're looking to diversify a bit, check our SLE and TRIN, both potential multibaggers like PMG.

Thanks for posting Harka.

So NPV of $1.2 billion.

Currently fair value is 80p. Don't need a maths degree to see thats quite a lot higher than the current low price of 37p. That's why I bought some today. Technicals look good also. I didnt quite catch the bottom but expect this to be trending higher in the coming weeks.

The share pice has been stuck in sideways pattern for last 12 months, the top and bottom of the ranged about 30 percent in height on tw occasions in that period, so was tradeable, but mostly height was just 20 percent so not really worth trading in and out of this. When it broke support recently, I bought back in, after a long break out of this - lack of action for me. But there the price has been gaining momentum lately. Also, notice that for the first time, you can now buy a ps5 on amazon(not sure for how long), but it was impossible the since if came about. This is a strong sign the chip shortage is coming to an end, and thats why I'm back in. Resistance at 115p. Hopefully at long last it will break to to the upside. Best time for entry imo.

the price is flying right now... I think the paper version of IC is sold on Fridays which could explain the price rise, as new buyers load up while its dirt cheap. Or...maybe someone on the drill rig knows something....

The tip did cause a rally from 90p lows to current price 105p, I bought at 93p, so it has "shifted the needle" this time. Its true though, that his tips sometimes lead to a drop in the price, but I would say more often than not his tips benefit the share price. Of course, with O&G stocks which are inherently risky, and volatile, things can go wrong very easily. But I was disappointed I missed out on CHAR in its recent rally, though I did catch a multibagger on it the year before. And I made some decent profit from JOG around the same time, and more recently PMG. I''m not a long term investor, so I'm happy that the price has big swings up and down, that suits my style of trading as a swing trader.

Thanks Bazzaman,

A P/E ratio of just 1.4 in 2023. This is definately looking like a multibagger from the current price.

Could someone post the Simon Thompson's IC tip for SLE please?

Thanks smet. I was wondering why that also went up 8 percent today.

Trin was tipped on yesterday's Investor Chronicles by Simon Thompson, expect some positive movement going forward. As I don't have a subscription, anyone care to post the full article here Also SImon mentions "Two small-cap oil producers offer investors a compelling investment opportunity". Anyone know what the other tip was? Cheers.

BJoe, if you had traded around a core position, you could have made plenty. Switched cash to TRIN and SLP, but hoping to move back here if it drops back to support again, but don't mind if it doesnt. We are in or about to go into recession, so i'm changing strategy and taking decent sized moves now as will be a while until economy recovers .

Thanks for the heads up Velo. Been away from SLP for a while now, but back in yesterday. If this is the best quarter in two years than the Forth Quarter report in late July, due out any day now, should hopefully see the strong postive response in the share price.

Up 25 percent, so had to sell as needed the case. I hope it drops again for another buying opportunity, but if it doesnt good luck folks.

Strong volumes on the rise, double bottom formation waiting for confirmation, I think this could be it....we'll see.

could be GBA news coming? :)

SOTB, the stars have aligned for GBA farmout.

Risked NAV 164p.