Member Info for Maverick7

in these irrational markets i dont think they care what our cash position is, in comparison to the share price. Only the savvy clued up investors and traders will pile up if it gets there (255-285p). Our current cash position hasnt been strong enough to see us down nearly 20% from 400p.
Doubt the dividend will attract any interest, its all about protecting your capital

i have a target of 255-285p before i consider buying in my trading account. Massive risk off in the last few weeks, reckon that people dont want to hold for the Eigg results in the current market even though 90% of the costs are covered - crazy really. So if Eigg is a duster, short sharp fall followed by a sharp correction upwards.
Meanwhile, our cash pile grows bigger, and the Board are sat around a table counting it. It wouldnt surprise me that the strategy is to hold the cash until the market prices in ridiculous values for acquisition targets

I see that ECO are the operators of this well and the spud RNS stated that the well is being drilled through a “multi zone pay section”.
I expect ECO will update the market as they progress during drilling, they are the operator so news flow will be under their control for a change, what they release and how they release it will be interesting.
Let the fun and games begin

SQZ you got to love it or hate it, we spent years trying to break 140p and then it exploded. Patience should win out when its accumulating so much cash with no debt.
Reckon its just taking a breather for the next leg up. Should be closer to £6 by end of Jan-23

Dividend is a waste of time if your capital is at risk of going down heavily

yes, i was expecting a bounce following the mini budget with no more WFT suggested. Current share price is crazy low. Maybe people dont want to risk new money ahead of North Eigg drilling conclusion. I know the drill is mostly funded by UK government so a bit confused why that would prevent investors piling in.
If there is a "known" large special dividend to be handed out, maybe thats priced in?
Who knows, i am confused at the current state of affairs

Maybe some seeds of doubt ahead of the Mini budget tomorrow, expecting a tick up once no further WFT is confirmed and UK Energy strategy made clear (as mud, lol)

Todays RNS stated
“During recent preparations for drilling the third section of the well there was a failure of a vital piece of rig equipment during routine pre-job testing”

How many section will this well have
How deep are we likely at
Pre job testing implies we are only at the very early stages?

at the rate that KIST are falling, SQZ could go in for a low ball offer, lol

Lucky you stated "will this hold". You need to first determine why KIST is down, TTF has fallen more than NBP and the EU are mulling a WFT on energy producers. So they (KIST) are onbviously going to be hit by this negative sentiment, all this has nothing to do with SQZ.

Revenue from GLA is included in the figures, The proforma/table in the RNS states:
“ 1. Pro forma figures include the GLA as if it had been acquired on 1 January 2022. The acquisition completed on 10 July 2022. Pro forma figures for H1 2021 include six months of Kistos NL1 and Kistos NL2 and 37 weeks of Kistos plc since incorporation.”

“NS1 halting for god knows how long has had zero impact. A few months ago NBP / TTF would of gone wild on that news, so something greater is driving NBP atm ... or is it just a broken gas market !”

NS1 halting indefinitely was only announced after Trading hours so it didn’t have a chance to go wild on Friday - that will have to wait for Monday

We probably wont see any indication of July-Aug revenue in the next H1 interims (Jan-June only) unless they choose to do so. I wouldn’t rule out KIST for having a second bite, they will have been making massive profits themselves with TTF being even higher than NBP.
The fact that the Ruskies have shut down NS1 indefinitely will mean TTF is likely to overshoot previous record levels.
I think SQZ will be under extreme pressure to pay significantly more than the proposed 6p/ share interim dividend

Continued rhetoric

https://twitter.com/jeremycorbyn/status/1565357733347475459?s=21&t=c9fBAOYBvptV3aZpXwodPA

NewKTOB
There are many examples in the news media of this type of rhetoric, an example below

https://oilprice.com/Latest-Energy-News/World-News/Scottish-Green-Party-Calls-For-Nationalization-Of-Oil-Industry.html

Looking at the charts we were in overbought territory, so with the some gloomy negative news including UK & European governments using national security as an excuse to snap up oil and gas companies, no wonder we are down nearly 20% from highs. Just some de-risking going on.
We will soon be in over sold territory

https://oilprice.com/Energy/Natural-Gas/Gazprom-Slashes-Natural-Gas-Deliveries-To-French-Utility-Giant.html

Usual shenanigens with the price fall today as we approach H1 results. Should be a great update and hopefully cream on top with a special dividend and then Eigg result in October.

all good points, however buying back the shares will just May this stock too illiquid, it only has £83m shares in issue and it’s already difficult buying and selling at the best of times in any great quantity

Lol, Why would AA not be keen on a large dividead, he is the largest shareholder in KIST. Buy backs are a waste of time