Member Info for Mr.Flibbles

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.

With US markets closed on Monday causes unusual opportunities on Friday. You can see drops in the index such as SPOG and ENGY that both closed down. I had to check the UK upstream gas price, like here:
www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5253322

With rates only going one way a cash pile would put any company in a strong position for long-term investment.

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).

With buy-backs, we could do with the share price going down before it goes up, I wish they started sooner!

I often email companies I invest in and often get a nice reply from PR. Thank you scoredagainsteps.

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?

Most tools report over 40 but it has to be much much lower?

Last sell for £2m sell came in very late at 17:47:27. Obviously, there is a buy for every sale. Onwards and upwards in the morning and if not then on Monday.

31-May-22 17:47:27 158.619 1,221,375 Unknown* 161.80 162.40 2m O
31-May-22 17:23:24 164.699 3,571 Unknown* 161.80 162.40 5,881 O
31-May-22 17:06:38 158.40 1,000 Unknown* 161.80 162.40 1,584 O
31-May-22 17:05:53 158.38 6,013 Unknown* 161.80 162.40 9,523 O
31-May-22 17:05:19 160.425 15,224 Unknown* 161.80 162.40 24.42k O
31-May-22 16:59:51 160.021 60,000 Unknown* 161.80 162.40 96.01k O
31-May-22 16:58:30 165.365 713 Unknown* 161.80 162.40 1,179 O
31-May-22 16:57:09 164.671 17,946 Unknown* 161.80 162.40 29.55k O
31-May-22 16:54:37 158.40 1,172 Unknown* 161.80 162.40 1,856 O
31-May-22 16:54:37 158.40 1,172 Unknown* 161.80 162.40 1,856 O
31-May-22 16:29:30 163.693 40,233 Unknown* 161.80 162.40 65.86k O
31-May-22 16:29:30 163.693 40,233 Unknown* 161.80 162.40 65.86k O
31-May-22 16:41:45 158.40 40,069 Unknown* 161.80 162.40 63.47k O
31-May-22 16:41:40 158.40 200,000 Buy* 161.80 162.40 316.80k O
31-May-22 16:35:03 158.40 3,775,192 Buy* 161.80 162.40 6m UT

£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?

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.

Agricore, thanks for the update. LUCE updates was telling on the UK in general this year!

attempting to catch up on this company. What was the issue will Bill Higgs. I know Malcy would have voted him out but I can't find out why? Is over Miran?

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.

"The tax will take effect from today, 26 May 2022, and will be legislated for via a standalone Bill to be introduced shortly." - Key bit of information for SQZ vs others is not clear.

Energy Profits Levy Factsheet - 26 May 2022
Updated 26 May 2022

https://www.gov.uk/government/publications/cost-of-living-support/energy-profits-levy-factsheet-26-may-2022#_ftn2

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.