Member Info for Muchaboutmoney

Let’s be absolutely clear. BOR is and remains a stranded asset that would need billions invested to get your hands on just 250m barrels of condensate.

There is no way on hells earth anyone is going to invest that kind of cash to shift focus to the south when there is enough to keep them going in the north for the next 15 years.

Sealion and Isobel are where it is at. Anyone interested in BOR needs to come back in 10 years time and take a fresh look at the landscape in 2035.

Anyone that thinks Bor are going to come to life in the next 10 years is delusional.

Cheers Ken .. as they say 'a fool and his money are soon parted'.

Lets all pause for a moment to think of all the muppets who sold out at 50p because it was, well.......a nice round number.

Why anyone would sell this stock is completely beyond me. There again I guess in this and life generally there will always be winners and losers.

Bound to be a bit of congestion around this level. Important to remember there are a fair few muppets out there that will have orders in to sell if it hits 50p because…….. well it’s a round number.

The stupidity of some people with what is to come in the next 8 weeks never fails to amaze me.

I’m with Hoppa. Clear path to 63p from here so long as the orange clown doesn’t do something stupid.

Results Thursday should see the true value of the structural hedge start to come though and the with the Bank’s market leading digital offering (I’m a customer and it really is absolutely superb) resulting in strong franchise growth, this has 80p all over it by close Friday.

Once the Motor Finance debacle has been put behind us and assuming the Supreme Court shows some sense, then £1.20 is the next target on the charts a couple of years out.

Once the share buy backs ends, the dividend jumps from 3 to over 6p providing a 5% yield even at £1.20 a share.

On a 2 year view Lloyds is an absolute raging Buy at these levels.

Thanks for sharing lovely.

I guess it’s something we have all thought about doing at times, however it’s a useful cautionary tale and with OM set to land and FID to be announced in the next 8 weeks, trading this share is becoming an increasingly risky strategy, fraught with danger.

TBH I can’t see anyone but a complete fool or someone in financial dire straights putting their finger anywhere near the sell button over the next couple of months, which should in turn result in the price climbing and then going into orbit on any positive news.

Incredibly exciting time just around the corner.

Can I suggest that those that haven’t already filter and in doing so remove his oxygen supply.

I did months ago and can promise you the world’s a much better place with him removed.

I don’t normally filter anyone as I like to get all perspectives however he and Ripley are special cases.

Lots of shorting going in driven by Bots. They sense blood and are able to add to the size of the falls with numerous toned trades whilst bringing panic and further falls. It's a vicious circle.

The only positive is that at some point they will have to close their positions and buy back at which point you'll see a strong bounce on the back of a bear squeeze.

The story here is unchanged so suggest people stop watching the price and come back when OM and or FID drops.

The 42% tariff on the Falklands is comical. The only thing they sell to the US is fish! lol And any oil produced isn’t sold to the US, it’s sold into the international oil markets at the prevailing price. Current Brent price has naturally fallen as the tariffs are likely to cause a contraction in demand due to lower levels of economic growth. OPEC will address this by cutting supply if required.

FTSE has massively outperformed everywhere in the light of what’s gone on and having been in overbought territory, Rockhopper have been caught up in this but actually won’t be impacted so I would expect them to bounce back very quickly once the dust settles. However steer clear of the US for the time being.

With a wall of new tax year ISA money due to be unleashed on Monday I would expect Rockhopper to be at the top of enough investors lists for the shares to be heavily impacted. I know quite a few investors who have been waiting for the new tax year to buy the Rock so this unexpected fall is a golden opportunity to get in ahead of OM and FID.

Will be interesting to see what happens today and on Monday as bargain hunters emerge.

I thought that we would head higher from the off but actually RKH behaved itself perfectly by dropping to 'kiss' the previous level of resistance of 43p before bouncing all the way back. Make no mistake 43p is now a clear level of support and our misbehaving child of old has apparently evolved into a very well behaved young adult.

Should head higher from here. Worth mentioning we now have 3 important catalysts for upwards momentum.

OM, FID and a wall of money ready to be deployed once we get past the 5th of April and people can buy using their new ISA tax year allowances of £20k.

Much

I really don’t see 45p as a ceiling.

RKH is breaking out again and will probably gap up today as technical traders come on board.

I said a few days ago that it was creating a very bullish pennant / rising wedge when people were talking about a ‘W’ and head and shoulders. And so it has come to pass.

All we need now is OM to land and we’ll be immediately in the fifties.

With news imminent only the desperate or stupid would sell now and at these levels.

AgreeSpace.

Blue sky and clear water all the way to 60p form here other than psychological 50p muppets who will no doubt sell for no other reason than they like round numbers!

🙄

Indeed.

Fortunately the market this morning has a different take on events….

My take is it's a nice solid and prolonged 'W' and we are nicely into a trading range of 33p (support) and 43p (resistance). Doesn't look like a head and shoulder to me on any measure.

Clearly we're going to need news to break this trading range.

Interestingly if you look at a 5 year chart then its creating a perfect rising pennant ready for the breakout so all primed to fly as soon as there is news.

You really wouldn't want to be out of this for even a second. Trading this now is a very dangerous game.

Me too ....

At the risk of turning into Borgo, rather comically it looks like Deep Thought was right when it came up with the number 42 as being the mathematical answer to life the universe and everything in The Hitchhikers Guide to the Galaxy.

In the case of RKH it certainly is the magic number.

At the risk of repeating what other have already stated, we’re pretty much into blue sky from here with 92p and then £1.40 very much in the charts so long as OM comes in and we get FID.

Likely to gap up and head strongly higher today.

We have a breakout with all the technicals moving into screaming buy territory.

An exciting few days ahead me thinks.

Downtrend broken.

Now trading at 35.60p consistent withe the trend that started in November.

All looking very bullish.

Yes it does .. ..can you see how they engineered a drop via 2 bursts of selling in the final 15 minutes so we ended the day down?

Trend stays intact and off we go with another leg down.

OM announcement Monday would see them badly burnt but as it stands and with low volume and no news, the bears are very much in control.

15:05:26 is a good example where you can see 3 separate sales go through at exactly the same moment in time.

Then 5 seconds later another 3 go through. Coincidence? Nope .... Bots / AI....

The good news is tat if news suddenly breaks eg OM and the share price rise up sharply, they get caught short in a bear squeeze and add to the buying as they close their positions

Hi Nick .. so if you take the last 14 days chart and draw a line across the peaks and another one along the troughs, you'll notice that the stock follows these top and bottom limits day after day and continues the trend downwards.

It takes a change in investment sentiment irrespective of news to generally change a trend once it has set in.

Investors and trader know this so they seek to make money by going 'short' when the stock hits the top trend line and going 'long' when it hits the bottom one.

Bots are slang for Robot trades whereby professionals use auto trade programs to take advantage of trends like the one we're seeing and in so doing they make the trend continue.

You can spot the 'bot' trades as they will all be executed at the same second so for example you'll see a run of 5 or 6 sales all at the identical time and second.

Hope this helps.

Much