Member Info for MrGregg

Everyone...hold your nerve...

Here as a long term investor who isn't here to blow smoke up this share or pee on the chips of it. I think its very disappointing where we are today in terms of share price and dilution. This share should be around the 5p mark now but for a number of reasons it ain't. Thus IMO has exposed the spiv investors on here who wanted to see a quick rise and then sell the hell out of it. If you are heavily invested in this share like myself, meaning millions of shares, then we are at a point where its all or nothing. The time to sell was 5 weeks ago at 3.5p, that ship has sailed and we are heading for 2p. If we strike oil we are heading for double figures and isn't exciting. If you are playing the markets for quick gain i would suggest try the FX market instead of constantly moaning on here, it creates fear in investors and doesn't help. This share is now in the lap of the oil God's, the relentless moaning on here is obviously an enjoyable hobby for a lot on here. History tells us on Spud date the share prices tend to drop on oil exploration, history tells us this, do your research.
Anyway put this one to the bottom of the draw for 6 weeks. Enjoy the bucks fizz with the wife and switch off for the time being. Enjoy before we are all in tier 4. Merry Xmas

Thought it would lucky to hold above 2.5p by the end of this week...

I did a comparison a couple of weeks ago of similar companies. Spud date really means nothing in terms of share price. The value tends to be added between then and results day. Looking at 6-8 weeks before anything really happens. Legal action does need to be dismissed in that time as that will be crucial. GL

I tend to agree

It doesnt really matter theres a bad view of nuclear power but it's in demand

When ever this share price is frustrating myself I come on here and escape to fantasy...shouts ranging from £1 a share, dividends of 40p a share and talks of the Cayman Islands take me off into a fantasy land along way away from the fact the SP is 2.5p near on spud, more dilution and a CRP merger that looks like Derek Trotter set it up...I admire the faith but I've been here for 10 years and its wearing as thin as my hair...which if we hit big will be getting down! The money men and the vultures havent circled on this share yet...until they do its groundhog day of sub 3 towards low 2's...kind of like a footballer who is tipped to be the next Wayne Rooney yet are 28 and still havent delivered yet theres the distance voices saying its bound to happen soon...anyway gl all...until this legal crap gets thrown out its fantasy of here or watching it drop towards 2p...I know which I prefer.

Days away from drilling and we are at our lowest price since October :/

Nearly sold a third but didnt...

Zag think about it. If there is legal action hanging over this stock then no one who isn't familiar with this Stock or the legal action isn't going to take a punt. The volume isn't there. All that's happening is small buys and large sells so it doesn't take Warren Buffet to see where this is heading. When the shackles come off in terms of legal action this will rise. Why would it go up when the drill ship is in the middle of the ocean and there is legal action hanging over the companies plans?! No one wants to lose money but there are plenty of other stocks rising on the back of an end to Covid to invest in if that's the worry

Patience is needed with this one. Look beyond the 15th of Dec... I posted on Sunday evening, I would be looking at the end of Jan start of Feb for the rise. I am basing that on history, comparing other similar operations. I believe this will drop to 2.5p in the next few trading days maybe even 2.30s but will bounce back. Once this hits the bottom and any potential court action is dismissed this will raise in the new year... but make no mistake this isn't a sure thing and if you are a long termer you will know its going to be a bumper ride, we will probably not get to where we all want to be with this BoD in charge but we will get close

Spot on Private Investor. A lot of the doom merchants on here obviously don’t have a real trading strategy. They have obviously looked for a get rich quick scheme and came across “oil in the Bahamas”... I firmly believe the panic is from people who are short terms who don’t know what it’s like invested in BPC and people with no strategy at all. They should leave now IMO

IMO yes. The fear of a delay or it even not happening is keeping it lower than expected. Plus the further dilution. Take away that and the merger in the summer and I believe we would be at 6p now. Price of oil lowering doesn’t help either, but the injunction certainly is playing the big role right now

If the injunction gets rejected this will fly to 3.5+ people either should back the company or sell the shares instead of consistently being negative on here

Same here 12p??

Lots of negativity on here over the weekend, some perspective needed. Rockhopper mentioned, some figures to look at when comparing the two, RKH share price 2 weeks before spud 45.25p, On spud share price had gone to 50p (15th April 2010) only an increase of 10.5% in share price. On completion of well on 18th of May 2010 share price closed at 172p an increase of 244% in share price from spud. BPC market cap 115mil RKH market cap 30mil. We all need a reality check. i thought we would be heading for 5/7p on spud, others looking at 12. Realistically 3.5p on spud based on this comparison, between 7- 10p on well completion between 28th of Jan and 8th of Feb 2021. This is based on it all going well with no dilution no more delays and no more increase in costs. This is a big ask. No one on here is going to become rich over night unless we hit the mother load. I thought I would walk away with a big profit by spud but its highly unlikely, anything above 4p at spud would be great for many but I will stick to my 3.5p prediction on 15th of Dec. If there is a delay this will retrace to around 1.5p IMO and confidence will drop. I can not remember or recall of any exploration on the same scale being stopped by any court action, only delayed. A lot of people on here are using this sight to vent their frustrations in life or just live in a fantasy land ranging from a price crash to a price on spud that will make them millionaires. The downers need to be ignored, look and research yourselves and hopefully this will come off. Knowledge should be shared as should tips to fellow investors rather than the snipping, someone mentioned Lansdown Oil on Friday morning as a tip which is the type of thing id much rather read...

Posted by someone who has only been on here for 24 hours, 9 posts, all negative. Got to see through the Bull Spit on here its been relentless today... people need to have the weekend off

What's the share predictions for next then chaps?

It would be good to hear from Starchild on all this as there seems to be a lot of bluster going on

Totally agree...seems whenever we are making headway the BOD shat themselves and throw something else out and surpress it again. It's so frustrating. This will end sub 3p again today... seems to be what that want. Kind of wish I was out at the 3.5p I could of got last week now