Member Info for NewKOTB

Remember the days leading up to the BKR deal RNS and subsequent suspensions of shares ...... the volume was very low indeed, two day before, less than 52k shares traded or the equivalent of 10k in today's shares, and zero volume on the day directly prior....

So the watertight NDA worked then as it will no doubt work again .....

atb

Even our friendly neighborhood '6 SECONDS until close" buy BoT failed today to get our SP back up.... the UT sell won the day.

Still, got another Code 1, single share buy on the stroke of closing though....lol

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
17-Oct-19 16:29:59 132.00 1 Buy* 130.40 132.00 1.32 A
17-Oct-19 16:29:58 132.00 91 Buy* 130.20 132.00 120.12 A
17-Oct-19 16:29:58 131.80 44 Buy* 130.20 132.00 57.99 A
17-Oct-19 16:29:55 131.80 114 Buy* 130.20 131.80 150.25 A
17-Oct-19 16:29:55 131.80 29 Buy* 130.20 131.80 38.22 A
17-Oct-19 16:29:54 131.80 135 Buy* 130.20 131.80 177.93 A
17-Oct-19 16:29:54 131.60 243 Buy* 130.00 131.80 319.79 A
17-Oct-19 16:29:54 131.60 34 Buy* 130.00 131.60 44.74 A

OMG .... NOW Spread: 0.200 (0.15%)

Spread: 0.400 (0.31%)

So we go from one extreme to another ...... you will only have to guess as to the type of trade that gets reported with the spread soooo tight. BUY or SELL, who knows !

Poor day, with little pressure volume wise, we take a disproportionate hit on the SP imo

Down 4% on next to no volume (<30k shares traded).

Will not take much buying pressure to move this up quickly imo.

PS Whoever is the individual selling atm, please stop ... let it rise then sell some more if you so wish.

Well, once more the BoT jumps in with 3 buys with less than 6 SECONDS left before close.... ending on the Code1, single share buy at 16:29:59.

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
16-Oct-19 16:29:59 134.80 1 Buy* 133.00 134.80 1.35 A
16-Oct-19 16:29:57 134.80 149 Buy* 133.00 134.80 200.85 A
16-Oct-19 16:29:54 134.80 261 Buy* 133.00 134.80 351.83 A

The BoT finish ensured we closed above 134.25, which was needed.

https://www.youtube.com/watch?v=kZuI6yv5mkQ

"... she offers me protection"

Eland Oil & Gas got taken out yesterday for a MCap c£350m ( same as SQZ at present)

Interesting comparison as to how undervalued SQZ atm imo.

SQZ, more production, more reserves 2P, more stable geopolitical etc etc

Oh, to top it all, our friend NI has been actively de-ramping on their board recently too.

Ever considered they are in a closed period !

How on earth did we manage to get a trade go through at 21:49 LAST NIGHT !!!

15-Oct-19 21:49:18 134.00 157 Buy* 0.00 145.00 £210.38 O

Never seen one that late, ever !!!

Well, well, well ...... So we go ALL DAY without a single BoT 'A' trade and 4 buys come along with less than 6 SECONDS left before close.

Managed to pop the SP back above the 133.25 close we needed, until that point, the close was in doubt.

It appears to me our SP has now a guardian angel ...( for today at least ) ...lol

Thanks sasa, makes total sense from that respect.

So no reason why the BoD shouldn't issue an RNS soon in that case.

atb

BTW, Great discussions this morning guys, as we await our first trade of the day !

Might just buy a single share myself to kick things off...... Oh no, a code 1 ......lol

FlyingF,

Also a deal of this nature would be classed as reverse takeover for sure, and shares suspended. For that reason any shorts would be closing if not already done so and only the certifiable would open a new short atm..... interesting NI has curtailed his activity on here too !!
Depending on the terms of such a deal, we could easily open after suspension at >200p with over >500p attainable within 4 years imo

Just need Rhum renewal and all is good in the SQZ camp. On Rhum, I would hope that our BoD would issue an RNS on similar lines to last year, in that all OFAC conditions have been met and full expect renewal to follow. Although I'm not sure how much this is now needed in terms of authorising the "provision of essential goods, services and support by certain US persons and businesses to the Rhum" as do we actually use or need any US intervention anymore ? I think not, but stand to be corrected.

atb

FlyingF,

I agree that 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.

Ballistic indeed.

atb

upomega,

SQZ or RRE, to me there is more than a good argument for a merger of the two given RRE position of possibly losing its BGA operator licence next July should OGA decide so and SQZ's annual quest for renewal of Rhum's.
So moving from one to another in this case, at this point in time would not make too much financial difference as I would guess the market would have wind and are pricing both companies accordingly atm should it be on the cards. aimo

"I expect another cracker one day......."

Not today by the look of it, although as each day goes by, you know, it's one day closer to that RNS. I'm betting it will be stonker of a deal too.... talking about crackers, I'm hoping way before Xmas.

atb

Hardly a single solitary BoT trade all day until .... 2:30pm, from which point virtually 100% were BoT 'A' trades

3pm the other day also .....

Do we have interest from a US player ?

Not in myself, but what a ride you guys are having .......

gla

Larger than normal first thing this morning, of course I'm talking about the gap ..... 9pts, what's that all about, other than trying to generate liquidity for a buyer maybe !

I would be truly amazed if we didn't do another deal with BP soon.

Shearwater would be an excellent fit afaic with Columbus due online 2021 and the acquisition to go for after the Shell deal fell through imo. With the possibility of adding c23kboepd the size of the deal ($) could possibly be classed as a reverse takeover and would mean the shares get suspended ..... shorts will not want to risk that !! The only fly, is this would not make SQZ operator, that will remain as Shell. Although Shell may be looking to exit too at some stage, who knows !

atb