RE: Maybe of interest29 Apr 2024 12:03
I too agree with Investor33 post just below..
Also, for me, the upcoming elections are a major issue too .. politicians across the gambit of levels will not be inclined to effect actions to help Petro Matad ahead of elections... then a period of things bedding down after elections too.....
Also, on top, Mike Buck is half baked as a rule here too.
So unlikely I'll add to my now very small indeed holding here in the coming months.. unless this goes super low - 1.5 to 1.75 p - and I genuinely do not want that to happen for a few reasons...eg I'd like to see longtermers get a good break here for a change.... eg It's very unlikely I'd have even 5k gbp in this share - I've done similar journeys in other similar O&G plays - in Africa-and it's mostly a brutal journey with bad/awful long term shareholder outcomes - and so I'd not have a chance to make much out of betting here anyway, whatever
PS: Generally, range trading remains absolutely the way to play such shares imho.. hence why I track this BB content and always have a small - long only - bet in play whatever.. and look to and reduce to make a few k from time to time.. which over the years adds up..