Member Info for Maverick7

Question is what will SQZ do with all that cash after BKR completes - more assets and more acquisitions which will result in more cash

Monty888- anyone investing in oil shares are aware of risks, anything could happen, the completion of BKR assets is just one of many. These assets are being sold by Super majors and they have bigger and better oil fields to go for. The SQZ BOD have the contacts in the oil industry which will have a material impact to SQZ, it's a step wise investment strategy onto bigger and better assets. When this deal closes do you know how much cash SQZ will get - think about it

There's always a few idiots that didn't buy before this news and now have missed the boat. There was plenty of time to have got cheaper shares around the 60s and less. It was obvious that shares would start creeping up in August in anticipation of BKR completion

Interesting comment Bancos about oilie shares attracting loonies. So why are you here

A lot depends on the nature of the farm in deal, $12.5m sounds cheap for the hot Guyana real estate but if we get a multi drill free carry then it’s pretty good, devil in the detail to come

$12.5m added to the books if Total farm in, what’s this worth to the share price when we already have approx $14m. 100% rise from 32p.
Any views

who says ECO will have to wait in the queue, there is more than one rig in the world, Exxon has taken up acreage around ECOs blocks, who's to say they wont contract another rig or anyone else that may farm into ECOs or someone else's blocks

Kermit

Just type boond- it's shorter

Ignore the analysts Bear, analysts spout fake news to manipulate the masses so they can profit when it suits. DYOR and follow your gut instinct. I think most on this board know that analysts know jack.

The share price appreciation from here to state the bleeding obvious is purely dependant on the farm in deal that ECO will negotiate. I’m not sure we will increase significantly on 3d seismic. It’s confirmation of drilling timescales and farm in that will drive share price upwards. Hopefully no share dilution to come.

I’m sure the current stagnation is due to the uncertainty of the farm in deal and drilling timescales, once these are transparent then we will see multi bagging of share price

Last year they were released 27th July which would be this Thursday. 1st Quarter results 2018 also due soon in late August. Plenty of news to come over coming months

coming soon in late August, expecting a good trading opportunity from current levels

I think its flying because SK sold

The numpty is keeping poo down with his trade war with China, he’s just making things worse in the long run. No coincidence to his tweets following records draws in oil stock

Zebbo - I just don't understand why the share price is so stagnant with all the good news around Guyana and impending 3d and farm in. Just don't get it

This stagnant share price makes no sense, oil been stable at above $70 for months, still going up and will be higher by end of year. Must be funding around these or higher levels keeping this down. Total will farm in, everyone knows that, but I reckon they want more funds than what they going to get from Total. Need to progress this dilution well ahead of any drilling though. Definitely won't be at a discount though imho

Oil at $79, could be early whisperings of big draw from API and EIA

PMO update follows API and coincides with IEA, so if the latter two result in strong draws, I expect share price rise to big stronger

Shame a lot of oil producers hedged in the 50s, otherwise we would be a lot higher