Member Info for NewKOTB

By the very nature of trading, is the stock market ethical ?

Winning at Someone Else's Expense !

Upomega, the choice is for each of us to make our call. You have clearly made yours, so good luck.
You will of course not be expected to post after Monday, from my view point, will be missed, so farewell and best of luck with your ethical investing.

Me, I'm looking forward to the next few weeks / months with great avidity and longing for the deal/deals to surface.

atb

12 months / 52 weeks / 365 days on ... and we are still sat at the same SP.

Mitch did say it takes the market a little time to catch up with deals of BKR nature ...... but come on, really this long !!!!

upomega,

Think they are more of a share shuffle, either way someone wants their house in order and there does appear to be an urgency.

atb

Working on the assumption SQZ are working on two deals, both of which to be executed in a small time frame, one will most probably require a capital raise. Now I would hope , if needed it's a rights issue (should it be needed.) Now which deal will come first is the question, one that would let the RI to be taken up at current SP less, lets say a 10-15% discount for loyal holders or wait until first deal is done and the SP move much higher and let the institutions take up the open offer. Of course I would hate an accelerated bookbuild at a discount to current SP.

I don't think either would be wanted by current shareholders, so a form of RBL is by far my preferred route. Keep the share issue low as it will be beneficial to current holder as we continue to grow.

I would be astounded if ACW is able to pull two deals off without raising capital, but then again, who thought the BKR deal would have ever materialized in the form it took!

atb aimo

Well, once again the SP after being up a few pt's was pegged back into the close. Our SP appears to like c134p atm.

In just over 54 days, SQZ will benefit from a 20% increase in revenue from our PSA with BP on BKR, let's not forget, that this will be for zero CapEx too.

Combine this with a muted 'transformational deal' by our BoD and we are heading for a much higher SP in the near-term imo.

ATB

upomega,

"I just hope it happens this month. Otherwise we wont see anything until next year. Due to the Christmas period inmo...."

BKR deal was done on the 21st November 2017 ..... just saying !!

Shearwater is a must for SQZ to investigate in terms of DD. Also as I mentioned I do also feel, as you do too, that Shell could well be looking to exit this asset. If so I would have thought a deal to push through BP's share would be quickly followed by Shells, if so that would leave SQZ with 55.5% or >37kboepd net. Although if you are doing a deal on the same asset, it would make business sense to complete both deals at the same time ...... could this be what we are waiting for !!

Could easily be attained on the same proven model as BKR, should Shell want to join the party.

This would also imo be classed as a reverse takeover and as such the share would be suspended

Transformational indeed.

atb

Noticed over past several days that we are getting more unusual trading activity.

Once again, a large order has been reversed this morning from yesterday, this is not normal trading !

Yesterday there was several large reversals too.

Are they placed to manipulate the market at time of placing, then reversed to again, appears so imo

Shenanigans with our SP continues.

Upomega,

SQZ are more than able to acquire both .....

Shearwater on terms akin to BKR with very little up front cost and a PSA, Zennor via capital raise, either RBL / dilution, or more likely combination of cash / small rights issue / RBL.

Either way, 'D' day is getting closer, volumes are ticking up, large trades are becoming more regular too.

AIMO

Yep, a plethora of tiny BoT's and mainly 1,2,3 and 4 shares traded .... appears to be trying to pin the SP to 134p

See my little top-up went via NEX once more !!! Little rascals.

Volume picking up , SP volatility up, all good signs for an RNS event getting ever closer.

My view is the late reported is a buy fwiw. We will continue to see these large trades right up to the 'event' too imo.

Looks like another large buy order will be reported at some point, most likely delayed too.

Big swings at the moment, I do get the feeling the next deal is getting closer and almost in touching distance.

atb & imo

JAdam, fair point and please accept my apologies.

The point I trying to make, all be it not particularly well, was that come what may, the 'rebel' forces will be making plans to disrupt their IPO launch imo.

Saudi Aramco IPO looks like its on again .....

Time for the drones to be set free !!! ...... should spike oil once more and if a successful strike occurs will Aramco be able to react as quick again to restore supply ? Could be an interesting few weeks or so ahead for WTI and Brent.

Be nice to have November 5th a day early ....

So that's around 3900boepd net to SQZ and I would guess provide around 5-6 years steady production on current P2 estimates. Roughly 30% above Erskine in terms of net production that averaged 3008boepd in Q1 2019.

"The FDP provides for the supply of up to 40 million cubic feet of gas per day (gross) at peak to the UK gas market and 1,150 barrels per day (gross) of condensate and natural gas liquids (“NGLs”).."

"Fracking halted after government pulls support...."

So all investment eyes back on Irish and North Sea UKCS then.

https://www.bbc.co.uk/news/business-50267454

IMO, two large 250k delayed buys completed and posted today. :-)

atb