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And looking for confirmation of new uptrend today. Hopefully more bulls will arrive and we close on another bullish white candlestick .
The market makers don’t have a lot of stock so it won’t take a lot to get this going !
GLA
Way forward :)
All I can see is a green box .
First time I’ve ever filtered somebody so congratulations!!!
On fram and flow rates .
People will start taking positions before then .
Tick ... tock
My post from yesterday -
He has held these shares for years and just watched the share price fall down to where it is today and instead of acting , he done sweet f all and now spends all his time crying about it .
Here’s a post of his from yesterday on the Rkh bb :-
Sadly I have slowly come to the opinion that all the falklands oilies will end up being swallowed up by others for next to nothing.
If anyone should take no notice of anyone , people would be wise to not listen to a single word of yours mate - not mine .
You are so far underwater it’s frightening and that’s why you have given up completely. Do yourself a favour and sell up mate because some of us are buying at the right time where the risk vs reward ratio is fantastic (unlike when you bought sky high with all the other sheep).
The point of maximum financial opportunity is right now when people like yourself are in capitulation / despondency mode who are totally depressed and that is a known fact .
So wind your neck in , it doesn’t make a blind bit of difference how long you have been on this bb - the only thing that maters is the price you buy at and unfortunately for you , you bought at the wrong time when you should have been selling .
Where I have bought at the RIGHT time !
People should do the opposite of what you say and they will be quids in . Your track record is appalling and that’s why no one should listen to you !!!!!
Enjoy the weekend :)
Ps Keep pretending you’re not reading my posts (lol)
Ticked up to 0.85p ask and they are paying over the shown bid (they now want shares). Should see them tick the bid up as well soon . If buying pressure continues I can’t see this being below 1p for long .
Bor has been priced wrong by the market (over pessimistic) and now there should be a correction.
Bor has a £3m market cap which means nothing is priced in and it’s priced to fail.
Great time to buy (on fear when everyone is scared and when it’s quiet on the bb).
ATB and GLA
Will tick up soon on a few more buys
Getting quoted :-
3.82p for 300k
This is the last of the cheap stock imo
For a time who’s interested ... there’s bullish divergence showing in the chart at BOR .
Just a head up
ATB
Bullish divergence on the chart is showing us that things are about to change
GLA
Mannnan,
Hopefully the drilling will start again when the price of oil rises next year , as it should attract a farm in partner .
It could of course happen a lot sooner but as and if it’s announced you certainly won’t be able to pick up shares anywhere near this price .
Poor old Phil thinks I’m in this because I’m trading it , but he hasn’t got a clue (as can be seen by his sky high average here) .
All I can say is that if I was trading , I wouldn’t bother with a share with such a big spread and one which has hardly any volume traded .
I’ve invested here for the long term and I’ve bought very low which will pay off immensely once the newsflow starts again.
ATB
Sadly Phil bought right at the top and just watched it fall down to where it is .
Just do the opposite of what he does / says and you will be quids in .
I’ve been buying BOR near the all time low whilst he cries like a little baby (lol)
Good luck all RKH holders - patience is the name of the game , oil prices will be much higher next year and Sea Lion will get sanctioned .
It’s always darkest before dawn :)
ATB
Can see traders buying back in and start taking positions next week.
GLA
Damille Partners Limited bought 65m
in April and this is taken from their website :-
Investment Philosophy:
Our investment philosophy emphasizes capital preservation. In short, we believe that the price at which a security is purchased is the most important factor in mitigating the risk of The 65m trade was transferred to Damille Partners Limited and Bor was updated on the 30th May about the transaction.
We are coming near to the apex of a descending triangle which hopefully will be a bottom reversal breakout pattern.
Bor is a punt on the price of oil rising and if you believe that’s the case then you won’t get a better chance to buy than now (sub 1p) .
The market is pricing Bor totally wrong (£3.6m mkt cap is totally undervalued considering our asset is 465mb of condensate / light sweet crude).
This is taken from Damille Partners Limited website :-
Investment Philosophy:
Our investment philosophy emphasizes capital preservation. In short, we believe that the price at which a security is purchased is the most important factor in mitigating the risk of permanent loss of capital.
Furthermore, we believe that the discipline and patience to only invest in securities at a price which offers a sufficient discount to their realizable net asset value (what we term RNAV) offers the most appropriate framework to mitigate the risk of permanent loss of capital and thereby generate positive returns in any prevailing market environment. loss of capital.
Furthermore, we believe that the discipline and patience to only invest in securities at a price which offers a sufficient discount to their realizable net asset value (what we term RNAV) offers the most appropriate framework to mitigate the risk of permanent loss of capital and thereby generate positive returns in any prevailing market environment.
(I think they have a better investing strategy than yourself - you have done exactly the opposite and that’s why you have had a permanent loss of capital.
Shame really lol
He has held these shares for years and just watched the share price fall down to where it is today and instead of acting , he done sweet f all and now spends all his time crying about it .
Here’s a post of his from yesterday on the Rkh bb :-
Sadly I have slowly come to the opinion that all the falklands oilies will end up being swallowed up by others for next to nothing.
If anyone should take no notice of anyone , people would be wise to not listen to a single word of yours mate - not mine .
You are so far underwater it’s frightening and that’s why you have given up completely. Do yourself a favour and sell up mate because some of us are buying at the right time where the risk vs reward ratio is fantastic (unlike when you bought sky high with all the other sheep).
The point of maximum financial opportunity is right now when people like yourself are in capitulation / despondency mode who are totally depressed and that is a known fact .
So wind your neck in , it doesn’t make a blind bit of difference how long you have been on this bb - the only thing that maters is the price you buy at and unfortunately for you , you bought at the wrong time when you should have been selling .
Where I have bought at the RIGHT time !
People should do the opposite of what you say and they will be quids in . Your track record is appalling and that’s why no one should listen to you !!!!!
Enjoy the weekend :)
They want them
Dec is just over 11 weeks away and the market will start re- rating is by starting to price in a successful drill .
With so much news due :-
Trinidad flow rates and FRAM takeover due at the end of this month and all the news that will arrive for Morocco - rig details / Rig booked , spud date etc this will go on a massive bull run .
Can’t wait for the bod to update us because there will be a lot of people waiting to pile in - Mark my words !!!
GLA
They know this is going to get re-rated soon .
Getting quoted :-
200k 3.59p
400k 3.75p
Time to load up again before others start buying because they will push the price up
DYOR
Is that Canadians are allowed into Morocco
Great news
Looking forward
Now that oil prices have recovered from recent lows, many fund managers are more optimistic than they were during February or March and predict further price increases.
“In early April we were extremely bearish because there were so many uncertainties about Covid-19, especially its effect on emerging economies,” says Michel Salden, head of commodities at Zurich-based Vontobel Asset Management, whose fund takes active positions on commodity futures curves.
“Then we became much more bullish, because we thought the market was too pessimistic. Apart from air traffic, congestion is accelerating quicker than we expected. But we have to be very aware that there might be a second wave of the virus. The introduction of a vaccine would make us more bullish on oil, or a delay to it less bullish."
Investors should also look beyond the short term when considering the demand-supply equilibrium. As oil and gas companies have announced deep capex reductions, which will restrict future supply, there is likely to be upward pressure on prices as demand normalises, according to Christopher Korpan, a natural resources portfolio manager at JP Morgan Asset Management.
“The level of stimulus that central banks and governments have engaged in should also be positive for real assets. It is key to remain focused on the longer term, whereby increasing urbanisation of emerging markets will drive demand for commodities and be supportive for prices,” he says.
Oil will probably rise from $35/bl currently to around $50-55/bl by the middle of 2021, predicts Invesco’s Holt. “There will probably be one more super-cycle before we hit peak oil demand,” he predicts. “But companies cannot get sucked into thinking this is a growth business.”