Member Info for Maverick7

Thanks D220, looks like OPEC+ have rebuffed Trump, will be interesting to see how poo opens later tonight.
It's a fine balance at the moment, dont really want poo at over $90+ as that will restrict demand, but either way SQZ should continue going up.
Will we see £1+ this week. Interesting week coming up on multiple fronts

Good article mentioning Guyana & Namibia

https://www.oilandgasmiddleeast.com/exploration/32757-oil-market-in-danger-of-tightening-without-more-investment-in-exploration

Interesting article in the Telegraph today talking about UK oil companies making Mergers & Aquisitions - link below.
Doesn't mention SQZ but I wonder if there is a deal being worked on in the background, someone's got a sniff of some tangible news

https://www.telegraph.co.uk/business/2018/09/20/soco-snaps-egyptian-oil-producer-160m-deal/

If it was a duster surely they would have to release news now. Maybe they hit oil and are testing and confirming over next few days and deciding next steps - further testing or sidetrack etc

I can't see Erskine being the only driver here - got to be something more unless the upgrades to Erskine is going to result in a lot more net to SQZ than 3,000 -

it could also be an early leak that BKR will go ahead, that means SQZ will be cash rich and generating loads of cash - this will have companies, hedge funds, activist investors looking for the cash. The latter not great, but any successful company accumulating cash will be a target.
Adding to that is the next 12 months or longer will see POO at multi year highs so cash rich period will be here for the immediate future

that's what I think is driving this, must have been leaked. Surprised SQZ haven't said anything yet

ferroty

they have been promising this for sometime but nothings happened yet. I reckon recent share price action is related to something else

itsyou

Agree TLW hedged too low in hindsight but it was about survival 2 years ago. Future hedging will be higher and that debt will come down. TLW seem to be in the best acreages and they will have Kenya coming on stream at some point and Uganda has been sort of farmed out. If they do farm out a % of Orinduik it will be interesting what they get for it.
Let's see what the next few weeks bring regarding Namibia

Interesting to see that TLW share price has been increasing steadily last few sessions since last week. Early leaks or just related to poo?

Interesting to see that TLW share price has been increasing steadily last few sessions since last week. Early leaks or just related to poo?

and cash growing significantly every year at current oil prices and low cost of production so margins very healthy

well if the BKR deal goes through, SQZ will be cash rich with miniscule amount of debt

BP announced further divestment of Egypt field to SDX. I wonder if there is any further divestment plans in the offering to SQZ

Drops a few % in early hours and then ends up blue later in day?

With all the high value trades in recent weeks, it is too early to expect any TR1 notifications, surely there has been some big changes in the last few weeks that must be reported. Surprised by the absence of news on these

could be IJT - just seems they are tidying things up to make any "future transactions" like a takeover easier to manage. Can you imagine if TLW and CHAR hit oil, ECO wont last - only a matter of time. Just hope we wont go cheapely

Sounds omnious

 ownership. Following the Company's acquisition of the minority interest in Eco (Atlantic) Guyana Inc. announced earlier this year, this transaction further simplifies our corporate structure, and aligns all stakeholders into the ultimate parent company thus enables us to better manage each of our subsidiaries and their respective held licenses in preparation for future potential developments and transactions."

£1.50+ in 2 weeks

Some big late reported sells though