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Normally I would say due to more sellers than buyers, but not the case today, especially if we are mopping up and placing into treasury. Deltic situation made worse by Shell playing hard ball, but yet again a salvo fired at politicians and inept government.
My other oilies, KIST,ECO,i3e are all firmly in the blue, so it must be more than just Deltic.
Perhaps Petrofac are our incumbent driller - and the bottom has dropped out of them today????????
Early morning bird Dick, always appreciate your posts and you made me cast my mind back onto what i did with my 1m Trap shares on conversion to JOG. Seems I offloaded in 2019 for an average around 143p and bought more Serica at 110p Been a travel since then for both shares - dizzy heights to a reversal - perception all to do with when you bought and sold of course.
Come the election, I'm banking on Guy Fawkes to make a difference if its November!!!!!!!!!!!!
Morning NewK, just perhaps the share buyback will give us a baseline from now going forward. With regard to Robbie Fleggs departure, I would conjecture out with the old, in with the new - having experienced it myself on my old companies takeover. Leadership team was completely gone withing 12 months.
To be fair we are a different animal today and I accept we don't ascend into the stratosphere like our days at 4-10p. I am happy enough holding, perhaps due to a very large dividend each year, but nevertheless I want us to turn into a growth share rather than an income share!! Like Ithaca, mass is important and our direction is now firmly on Norway - just perhaps a new CEO via a merger would give us an entry?? Won't harp on but I mentioned a couple of players before that have oversea's assets - that I hold by the way.
Dividend soon, now where shall I invest half - been ungrateful on the last one and bought BP
Steady way
Happy enough with results, great deal of information and dividend secure. You can see the way the company is heading - Norway being of particular interest. Will continue to accumulate KIST and LBE in the off chance.
Nice to see that ACW has kept his shares (below 3%) in his baby.
Bought KIST and BP when we were at 170p, which have increased by 15% and 18% so puts a bit of perspective on our sp.
Still hanker for Andrew Austin to merge with ourselves - Ithaca showing the way - now when are these inept politicians going to see and hear factual communique rathe than keep reiterating we need to tax BP and Shell more.
Keep the faith, tides turning.
Your forgetting the pain when BP pulled out Deeko!!
Know what you mean mind, I did recently try to find out if anyone took over the licences but it was difficult to ascertain. Personally have a reasonable tranche in ECO that has a presence - SQZ wants some oversea's ????
I'm guessing the DSV is in the field to prepare the subsea infrastructure for FPSO removal. Isolating any wellheads, getting rid of hydrocarbons in the pipework and risers to the FPSO which requires FPSO involvement.
Once completed the DSV would be finished and return to port and I would expect Anchor Handlers/Tugs to arrive on scene for FPSO removal. Its happening but not fast!
You may be loving it, but its fair to say Sept 2019 was a long time ago when I offloaded half at 161p. I've been buying myself in the last week and today. Good luck on the life changing money, I did the same with Serica with an average of 10p, so just perhaps lightning does strike twice for me and you of course!!!
Time to call it a day guys on the rancour and assess whether you as a PI can accumulate some wealth here. I was one of a few voices that cautioned buyer beware when these were issued at 100p, due to the "new fpm" management team. Was it a lifestyle company or would it roll the dice and strike lucky. I bought a tranche for the last three drills at 50p - silly me, but have been a buyer in the teens. Perhaps Serica will pounce, that would be good for me, but slowly,slowly just perhaps. Of course in another few years these "entreprenuers" will have recovered their initial stake in wages - aaah the life!!! Place your bets on this one and the p0ast is done.
Added another tranche at 1700p. Malaise seems to be not only RCP but CLDN and until recently MNKS.
With markets bouncing on all time highs, its slightly offputting that these large IT's are languishing.
Time will tell.
Have an interest here with regard to Skerryvore, which has unfortunately gone to 2025, with a high probability of Labour both increasing EPL and negating any offsetting costs against tax. I wonder what all parties to the drill will consider after the autumn election.
Mr Cross has rolled the dice on this one ( three) looking for a trio of sixes. Not that it will harm his Lifestyle Company. I wish you all well and after so many years you deserve a reward -perhaps 20% of Skerryvore is a better gamble but 50% has its own allure.
Feel your pain, but its being felt on most O&G companies. Both Harbour and Ithaca have expressed their dissatisfaction with the total lack of forward thinking from any party. I expect Serica Energy will state the same early April.
I am of the opinion that M&A (either/or) achieving greater mass is now a prerequisite in the UK and would like to see Serica/Kistos to reopen negotiations - they need a dynamic CEO and some oversea's assets. Been accumulating here in the low 140's and await next years ISA allowance. Keep the faith - its painful at Serica at the moment among others.