A little harsh on Malcy. He helps to reduce the amount of research I do with his updates and if anything is of noteworthy I take a deeper look. Malcy likes SQZ and I think SQL is good but it fails to have the x-factor unless it does some serious deals to reduce the Windfall Tax for the next two years... I think it can but time will tell.... I think the market does not think it can.
Rookie1, buybacks accelerate the upside and help to stabilise the share price. It should drive long-term value. They also help the sellers exit and that is not a bad thing as long as we are confident the share price goes up and we are (otherwise we would not be invested).
Not sure about "played with". The problem for UK O&Gs stocks is that a seller will want to reduce now that the windfall tax has been announced or the volility in US markets, but there are no buyers because the windfall tax details are not confirmed in draft. Yes the better stocks like SQZ have recovered leaving this and other behind but I believe it is now a matter of time. The track record of IOG may be less desirable but this factored in. I promised I would not look at the share price and I have not and I hope for positive news flow.
Thank you both for the replies. Let's hope the next RNS does not confirm these fears and in 6 months we will have made significant revenue and deals. The market has been off recently (what with the US/Fed) so I won't be looking at the share price until next week at the earliest.
I am new here but I really don't understand the beef here as the issues with the share price only happened this year but investors here are really in a panic and I wounder if you are all better investing in a fund like ENGY and SPOG.
There was a large seller on Thursday who sold at 25p and some one must have bought them. There maybe more to sell as why the SP has dropped. Like I say I am new and probably know nothing.
Where should start with this investment? I have bought into the larger companies and I have read the presentation and have made these assumptions:
1. High levels of reserves after 50% net. 2. Mechanical failure - Can someone tell me if this has been a persistent issue and for how long? 3. Winfall tax target - It is unfortunate that IOG missed out on a profitable period. Can someone tell me if they have tax credits to offset the profit from windfall period? 4. What are the back of a fag packet calculations of profit and so P/E?
£6m trade plus a tidy up at 158.40p. The buyers of this trade look to have done so at 163.693p. Presume they are done but once they are really done we can look forward to some recovery and is often the case dare I say it some held up news flow?
RE: Whats the beef with Bill Higgs?30 May 2022 21:53
The divergence from the GKP share price could also be put down to their excellent dividend attracting more investors over to them. From a technical perspective, GKP are in break out along with some other high yield oil companies. Money should flow back in with new CEO, drills or its own special dividend.
I bout the dip and I am new investor here (though I did hold when they drilled Miran). The BOD shenanigans is now and according to Malcy who is keen in on the stock but the not the BOD for some reason... but I never get Malcy sometimes and just presume he knows more than me.
I think we have to look to the oil price. It is down. GKP investors are on the other hand are in a euphoric happiness at the special dividend and income stock it has become.
I still need to catch up on GENL since Miran all those years ago. To be honest I was drawn here because of Miran but happy with my entry even if Miran has huge question marks over it. It did flow dramatically.
You don't need to do the math... the maths was done years ago and the share price drifted down to the right level. What you see now is complete PANIC and FEAR. The need to SELL is COMPELLING. . . I so did not want to buy in so I have. I am in now.