Member Info for munchbox54

Let’s see. Tolmount is a decent fit but is it big enough ? I think 2 acquisitions would certainly be on the cards. It’s like news years day or Black Friday ..... only problem is there’s not another day coming like this again for some time so AA best getting his shopping bags out and I’m not talking about the 5p bags either

Sqz keeps getting mentioned on the RRE bb so I thought why not. Dabbled 10k shares @ £1.08

Debt free ..... money in the bank. That’s good enough for me

This stock needs time. Sooooo shoot I’m in long and strong !!!!

If market or when there’s a pull back. Kier will lead the fallers. Glad I reduced. Will buy back my half below 60p.

When the market pulls back these could easily see 80p or lower.

Rights issues coming up as they mention the raise in today’s report .... covenant only gets waived with guarantee in place and the only one they can give is a 50-60p rights issue.

Got anything else to say ??? Thought not !!!

Shoes your knowledge of reading a report but more importantly your ramping skills belong on aim and those penny shares.

As much as we want A sharp rise It’s not happening, solid report as expected but they mentioned some hits they will take because of covid. Monthly debt increased also. So although happy no surprises don’t expect big rise

Hi killjoy.... sorry I mean coldjoe lol.

Looking at futures the price of oil had this priced in. Oil will hokd steady but in terms of rising higher from here it will be difficult , I think $42-43 is the top end for now unless there major news that effects the price.

Anyway looking forward to some action tomorrow here.

Good job the Nasdaq is keeping the US markets up. We can expect a nice move up tomorrow morning. Let’s hope a cure is found for this virus soon. Considering that 780 point has been recovered on the Dow .... it will likely give it up again very soon as this seems to be the market pattern.

Would be nice to breach £12 on the ask tomorrow unless AA. Announces he’s caught 100 tonnes of king crab which will feed in to the bottom line lol.

What do we have here ? Held positive all day AGAINST a falling market and falling oil price. Ok so gas was up but come on ...... and just before close I There’s a nice 40p jump on the bid.

Hmmmmmmm. Should we get excited ? Hope so. Well overdue with some news ..... even if it’s fish being trapped near our wells and being sold for extra profit .... give us something AA.

Rookie. I hear ya. It’s just that both are in such good financial shape that I would bet my house on them not merging. Maybe in the future but both have enough window shopping to look at with many assets up for grabs.

currently they both Have the muscle to show power.

I just hope we move first because if we don’t then any deals taken place before AA moves will sent a bench mark for pricing.

Thanks afrc. Appreciate your thoughts. Glad I got back in just in time.

Rookie. Liking the name change. Sercrose energy. Too many name sakes with rock in it. Just a thought lol

Sasa, agree with your thoughts absolutely. Personally I feel that 90% of assets have had their ( Max) devaluation or impairment priced in and with so many on the market it would be good to strike first. Waiting for that extra 5% discount or even 10% is risky business when long term gains can be huge from the Correct acquisition.

The reason I would prefer Exxon’s fiends are because the operator on all of assets is Shell, perfect for us .... less stress and in safe hands. Then you have 80k bopd to add to the 20k we produce giving us 100,000 bopd

Now if we can get them for £1billion .... aactual
Value put on them 5 months ago was £2billion.

We delist. Have access to £500m Funding easy. Our cash £250m and raise 250m with placing of 10m shares at £25 a share.

AA takes part in the fund raise and maintains a good % after so although decrease his % it will cause the stock to relist with 100,000 bopd. 23m shares in issue ..... what value sp?

What would they value a stock producing $4m a day on average $40 a barrel be worth ?

If oil .... as expected reaches $50-60 and maybe top out $70-80 over next few years because of the recent reductions in cap ex .... then what ? The mind truly boggles.

I’m happy with £20 on the next deal .... don’t get me wrong .... all I’m saying is if AA gets the right deal done we can see the re-listing price I would rather not like to guess.

£4.87

Bought back same about of shares. Although my breakeven is higher I’m happy to hold

Sale of KL ?? Big contract win ??? Something is afoot 100% and I’m loving it. 110 breached today. Easy. Rns tomorrow

Assets up for sale :

Spirit energy. $1billion = 80kbopd

Edison E&P assets in North Sea = 250m. ( Neptune backed out after agreeing to buy these )

Exxon oil fields : £1.2b- 1.4b all
Of them ( we could get a individual assets )

Perenco assets : £400m

KNOC : looking to sell up to 49% of Dana petroleum.

Shearwater : £350m. Still not a done deal with PMO. Could we steal it ? Doubt it but possible.

These are the best assets on for sale ....... buy now or just wait 16 months for Arran and a damp squid

Exxon could easily be had for about £ 900m To think they were worth 2billion 4 months ago is why I would go for them over spirit and others. There’s 1billion Free organic growth to be had with them cone next year.

Exxon oil to slash jobs.

Here’s my favourite bit ......

Exxon has not been immune to the drastic effects of the coronavirus pandemic and the oil price war that has destroyed demand for crude oil and eaten into profit margins for that reduced demand, and it has attempted to tighten its belt in response.

In Q1, Exxon swung to a $640 million loss—its first loss in a decade after a $2.9 billion market-related charge. It also cut 2020 capex by a staggering $10 billion—a 30% cut. It has also cut its production from the Liza field in Guyana, although that was related to the risk of excessive flaring and not the coronavirus or prices.

In addition to offloading some lower-performing employees, the oil giant is preparing to rid itself of its UK North Sea assets, for which it can no longer expect as much money thanks to the downturn.

Ffs. Come on AA. If you can’t get these for peanuts now then you might aswell buy PMO and take on 3billion debt.

Correction....

“ I’m staying put “”” not out ....”lol

Now is the time to strike. Some very good observations below.

Either way if AA does not move now ..... there’s no point moving at all. We all know markets are toppy. Let’s face it.

Suspend now .... with a £150m mc they will have to suspend and relist as it will be a RTO.

No point doing it next year when assets have been taken by others eciecuakky around the southern North Sea ... an area AA wants his future asset to be based.

I’m staying out. Either we double / treble from here or visit the lows before the years out.

Anyone who says the market won’t pull back before the year is out is telling porkies.

My money is on AA doing it ...... and it’s imminent!!!!!!.