The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
We would all have taken 250p, you can never call the highs and lows, this stupid government and the ones waiting to come in (far worse) makes the decision far easier - quit whilst your ahead?
I don’t buy the theory that there will be mergers and acquisitions in the North Sea - who would want to invest in this climate - no stability or certainty for years to come
This oil “investing” game has been fun, but all good things come to an end. I bet the hardy’s are pi££ed off
Let’s see how we open Monday.
Why would they want to look after shareholders, they never have, they don’t have any skin in the game. They pick up their inflated salaries sitting on a mountain of cash, just waiting for the UK government to seize it all.
It makes no difference to the board, WFT or not they get paid
I can’t see any side tracking yet, if they had any sign that of oil shows and that warranted side tracking I would of thought ECO would be shouting as load as possible
ECO are the operators here and they would want good news to be out in the market
I could understand Gill wanting to be a little bit reserved this time around as a result of the debacle around heavy oil in Guyana, but it’s not in his nature
Also there has been plenty of times that a duster has happened well after prolonged drilling.
The volume doesn’t suggest any major hit yet
Fingers crossed for a great result
This begs the question, what value for BKR if its all going on tax. Even if Eigg hits, all the revenue will go to HMG, hope SQZ doesn’t fall to cash equivalent.
They should of taken the KIST offer!!
I would like to see the BOD stick two fingers up to HMG, problem is they are just a minnow and have no influence (despite producing 5% of UK gas).
They need to return a fair chunk of that cash as Rushi et al have their eyes on it unless of course they can identify a friendly country to invest all that cash - is there one? Maybe time to merge with CHAR.
Increase of further 5% so from 25% to 30% increase
And an extra 3 years to 2028
https://twitter.com/willhares/status/1586687090145755136?s=46&t=1bbvMmNDiCeDmxzbzFMTBw
https://www.investorschronicle.co.uk/news/2022/10/27/the-aim-100-2022-60-51/
Not me, it was a given that the share price would drop when it went ex dividend and the current mild weather doesn’t help the gas price. The prediction is foe mild weather until mid November.
The MM have just taken the p with the share price after seeing all the sells after going ex div.
Last week i said to expect 255-285p, its going there
Would they be doing one this early, my understanding was that there were several stacked targets in this drill, so surely they would drill to target depth and then determine any side tracking
According to Eco-Atlantic Facebook page:
“Lot of activity around the rig, 2 large supply vessels operating to and from the rig”
I have no idea on the validity of these posts on facebook, but are they doing a side track, if so surely this would need a RNS
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