Member Info for nhawan

Explain to me why anyone would sell at a loss when the US markets open? especially when YA financing has been cleared and we have an additional £4.2m in the bank.

While the derampers try to spread negativity the sp is slowly strengthening. All this apparent sells are not really sells and they know it. You would be really desperate to sell at a loss right now when YA has been removed from the equation. The derampers are obviously trying to get in cheap since thye know a multi-bagger when they see one. Looking good for a 5 bagger within a month imo.

You are either naive or just deramping. Those are not sells at all. The spread just makes it look like that. Every trade that is at 0.203p or above is a BUY.

If it does go below 0.2p it will be briefly to activated stops. Last time there was such a placing the sp doubled within a few weeks and then went on to hit 10p. Then new target will be 1-2p due to the shares in issue but still a 5 to 10 bagger.

It won't drop below placing price. No one currently holding will be making nay profit by selling at anything below 0.2p.
The current level is a lift off point for those who want ot take a long position. A target of 1p over the next 2-4 months imo.

Remember a valuation of 114m for the company is 1p which is easily doable if oil price rises $50 and HH output increases.

Get in at close to placing price. This will soon start rising since YA is not here anymore.

Right now I think I might play in UKOG for the upcoming AGM. TLW will be stagnant for a while if POO stays around $40.

24.5p finish imo ;)

Brent just had a sudden drop $39. I wonder what's spooked it. Perhaps the recovery of US Shale will soon weigh on the rise or tomorrow's meeting may not extend the cuts by more than a month.

The holdings RNS on 5th May states Canaccord genuity bought 460m shares which is 5.4% of the total voting rights. Surprised the sp didn't really move much at the time. Thye must be very confident though to take such a stake.

What 460m shares?

With an AGM next Wednesday there is probability of some news before hand. Might be best to take a position this week.

Interesting that the tankers have increased. If they can manage 4 tankers thats 800bopd. Not bad at all.

Backlog probably because the tankers stopped during the ER trespassing. Need to see at least 4-6 tankers daily to get excited.

Lol the guy who wrote that owns shares in TLW so it's obvious he will ramp it.

A nice 9% profit taken.

The volume suggests most have lost interest in this after the 3 bagger in March. More gains to be made in other stocks for now. Expect a test of 18p-20p soon.

https://oilprice.com/Energy/Crude-Oil/Oil-Slides-On-Russias-Plans-To-Raise-Production.html

"Reports that Russia plans to start easing oil production cuts after the end of June arrested the oil price rally, keeping WTI below $35 a barrel."

This is why POO is dropping. They were eager to announce cuts earlier but I guess they still want to pile on the pressure on US Shale.

About 40 mins ago so was before midday. Depends on how many you try to sell. Smaller amounts are easy enough.

Difficult to get a sell quote for this. A pretty sad state of affairs when liquidity is not there. Will have to move one way or the other and lack of buyers probbaly means down short term. Oil is stagnating while other sectors move up.