Member Info for nordell

My favourite name for a horse - heard it on C4 racing in the commentary is "Hoof Hearted" try saying that at speed (esp in an Irish accent - think they were Irish owners). lol just brilliant.

https://www.tradingview.com/x/JW0QOS8h/

sniper - I agree - everyone must make own decisions on this, if I was not loaded up i would be experiencing FOMO now, but i am happy to wait now, sure it would have been good to add lower, but over time i know that that decision will usually not play out well - its about risk v reward -and avoiding FOMO GL mate

Ferrett- listen I've got no intention of "doing a Gooner" on this one, an unhealthy bulletin-board is one that only gives one point of view - confirmation bias leads to poor decision-making. following those green candles up is like the Pied Piper - lots of the rats will follow but you've Gotta take yourself out of that and look objectively at most likely scenarios- DYOR

that is true sniper - that is why i'm loaded and not selling/trading ( as i made clear), but if you want to add then it makes some sense not to buy when RSI is over 90 on the daily

they don't need to worry - they will def get in under 30, and I suspect lower than here- what are your price predictions over short term?

not quite true SHC- i hit both bottoms and if you had bought when i said at 7.2 you'd be looking at 150%, and I called for a pullback onces 1 scenario to around 12.5, but I did say that I was loaded already and I was just adding more on dips and happy to wait - i still am...so think you are not correct

is there not stopping this beast (yes it will pullback nothing goes up forever, and a pullback is healthy)

don't worry you wont do "a gooner".... I also think price will fall back - there is always an opportunity and this share still has value- lots of it. Rewards the patient etc etc

I don't think institutions or professional traders will be entering at this level on the eight hour chart the RSI is at 91 the highest it has ever been, risk v reward buying at this stage is just too high for many

they are not res/support - they are my buys

you could be right, but still profits will be taken by some..lets see

here is chart for those interested
https://www.tradingview.com/x/nkNCRl6C/

So congratulations to everybody I'm a firm believer in holding this, and unfortunately it didn't retrace enough for me to buy more but I will buy the dips - it's hit the 1.4145 extension and on my three day chart there is definitely a take profit signal, personally not gonna take any profits here, but I'm also not loading up as we are quite overcooked on the RSI so we should have some downward pressure in order to load up later. But of course do your own research

second page

Cenkos assumes production will be sold under long-term gas sales agreements to the domestic power and industrial sectors, at $7 per mcf and $9 per thousand cubic feet (mcf), respectively. Any additional production will be exported to Spain at the MIBGAS weighted average gas price. However, SDX Energy achieved realised gas prices of $11.3 per mcf in Morocco last year and European gas prices have risen by more than 50 per cent since the start of 2022. Moreover, the EU has stated that it is looking at both the US and Africa to meet the short-term shortfall in supply as the region reduces its reliance on Russia.

I also note that Chariot and Total Eren, a France-based renewable energy Independent Power Producer, have recently entered a partnership with First Quantum Minerals (FQM), the Can$30bn (£18bn) market capitalisation global mining and metals group, to advance development of a 430 MW solar and wind power project for its mining operations in Zambia. Last autumn, Chariot announced a new partnership with the Government of Mauritania for the potential development of a large-scale 10GW green hydrogen project, further underlining the group’s ESG credentials.

The holding has produced a 477 per cent total return if you have been following my recommendations since I included the shares in my 2017 Bargain Shares Portfolio, contributing to the portfolio’s 154 per cent total return. Buy.

• Anchois-2 well encounters high-quality gas reservoirs with net gas pay upgraded to 150m
• Quality dry gas confirmed with more than 96 per cent methane
• Gas composition allows gas to be processed through single processing facility

Chariot (CHAR:17.6p), an African-focused energy group, has announced yet more positive drilling news for its low-cost flagship Anchois Gas development, offshore of Morocco.

Firstly, the gas samples taken from the Anchois-2 well contained gas with greater than 96 per cent methane in all seven discovered reservoirs. Importantly, the gas doesn’t contain any hydrogen sulfide or carbon dioxide (which in the presence of air and moisture can form acids that are capable of corroding equipment and pipelines). This means that the gas is 'pipeline spec', so should be able to be transported and processed through a single gas processing facility. The implication being that initial capital expenditure of $300mn (£228mn) and ongoing operating costs could be lower than originally planned.

Secondly, the Anchois-2 well encountered multiple high-quality gas reservoirs with a calculated net gas pay far higher than originally envisaged. Net gas pay is a key parameter in reservoir evaluation as it identifies penetrated geological sections that have sufficient reservoir quality and interstitial hydrocarbon volume to produce commercial quantities of hydrocarbon. The new net pay estimates for Anchois-2 well have been raised from 100m to 150m. It should have a positive impact on the size of the resource and the project economics.

Investors reacted positively, marking the share price up 25 per cent to 17.6p, well up on the 10.1p level when I last reiterated my buy call (‘Bargain Shares: Hitting pay dirt’, 10 January 2022). The price could go materially higher still given that analyst James McCormack at house broker Cenkos Securities has a conservative looking 51p a share target. This is based on first gas from Anchois coming onstream in 2024 and only takes account of the 40mn standard cubic feet (scf) per day 20-year off-take provisional agreement (under a Memorandum of Understanding) with a leading international energy group.

when is it likely we get that rocket?

Snott - i did not say It WOULD pull back to 12.6, i said I was hoping it would and I had my additional buys there, and if it hit that i would buy more - but am happy with my holding and will buy on dips. simple enough to grasp isnt it?

and off we go...not sure this gap will be filled, lots of news on the horizen. Keep hold of your golden tickets and buy on dips - remember don't do a "gooner" and sell los and buy high - basics... GL all long term medium term and even short term holders

ffs i was right first time - sorry im trying to answer this and work at same time