RE: David Bramhill site visit to West Newton today.16 Sep 2022 14:30
Really looking forward to hearing the interview.
I think it is misguided to view UJO sp movement in isolation. Looking at the wider onshore oil companies, most prices have seen a decline. Igas is down roughly 30%.
As I stated in an earlier post, the news cycle, anticipation of the shale ban being lifted saw these sp reach highs.... inflated highs possibly.. Almost like a 'Trump bump' .... But anticipation of Tory leadership instead..... A 'Truss bump'.
As Macy blog states .... Tempting to take profits.
Nothing has materially changed from before the report, aside from an unrisked potential increase in recoverable reserves. Olivia described clearly how and when this will likely be known.
If you are a LTH and have the patience and resources to wait, I still can't think of a better investment if AIM.
I'd really like to see UJO on a FTSE index. A British home-grown success story.