The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
That’s good news, good job we kept some oil in storage, I did like this Part,
As a condition, companies will be asked to maintain their activity and production levels equal to those of 2019. The resolution also raises the value of fines that can be imposed on E&P companies that do not fulfill the activity plans they have presented to provincial authorities, which are usually less ambitious than their internal plans.
So I guess production will be brought back online, drill schedule and testing
Read the article, still visible. It will be good if it occurs. slow recovery on oil and gas prices.
Hopefully testing can soon resume on santa cruz and it will be interesting to know if they have new plans for TA first drill.
Some nice chunky buys recently and for balance some sells as well. No TR1 yet, with reference to the 7.2m sell, perhaps not a +3% holder . The price dropped like a bullet but considering the buys have by far out weighed that we haven't budge an inch.......wouldn't surprise me if that gets cancelled in a few days...lol
Yes I do trade this share, but only a small percentage of what I own which currently stands at 943,000 shares. I topped up at 16:20:31 yesterday another 50k shares.
Stock goes up and down on Aim, sometimes like a yoyo, you have to take advantage, some you win some you lose. AST is one of the best for that with the shenanigans that seems to go on there....
For any potential investors please look at Partridges comments across many shares, they are all negative, never positive.
It beggars belief you actually invest in anything, the biggest De-ramping of stock I have come across.!! and very bitter..
Best wishes
Covid 19 has hit every country and a very high percentage of stocks not just echo......
34% of the shares are owned by those who own greater than 3% (on web site). Of those two are close to 3 and if one of those sold they will drop below 3 so a TR1 should follow! Maybe someone else, or it may get cancelled! Time will tell
Partridge you seem a very bitter person, why don't you move on, I doubt you have any shares, just spouting negative statements. If you have shares you should sell, cut your losses and move on.....as you say this share has no value in your opinion.......stop crying and man up (or woman up) I guess you have lost money in sou as well, you probably invested when the mcap there was very high with not an ounce of revenue.....This is high risk high reward....many people made good money out of sou and echo....you didn't and just bitter, find another share to recoup your losses......good luck!!
There will no doubt be some cost, but looking at the bigger picture it will safe guard us "hopefully" for the remaining of the drilling campaign. Although the first drill as it stands was non-commercial, the flow needed was 1.0million cubic foot a day, we had 0.6, they are currently assessing the well further. It was being locked in for pressure build up, they can then determine volume.
I like the sound of echo 2, Fiona was out of her depth with echo, MH has the pedigree of a ceo and has negotiated some good progress, tomorrow is a key moment for echo and could launch us forward for the work programs ahead...
Another good start to the date, two days of no movement, will we see a blue day before the meeting tomorrow! A big day for Echo’s future, I’m very confident we will have a positive outcome and topped up this week! Very close to 1 million shares now! Come on echo
GLA