Member Info for ocelot

We could do with a new prime minister, too!

It's a really odd claim: for someone to claim they make money on every one of their trades (in UKOG or elsewhere) suggests that they know very little about trading.

Ibug,

You have claimed to have made money on every one of your trades in UKOG (although there is a question mark about your most recent holding).

Top traders don't claim to get it right every time so that would make you a super top trader.

But if you're a super top trader, why do you spend so much of your time posting negative material on this board when you could be trading?

ocelot
How do you know it doesn't meet my " investing/trading criteria" based on "making quick bucks was easier and beneficial" and how that applies here. (your post of 09:05)
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Because you posted this, Ibug, (your post of 16:19 yesterday):

I stopped doing long term investments a long time ago when I realised making quick bucks was easier and beneficial. Ever bought and sold shares just for the divi?

Because, given UKOG doesn't meet your investing/trading criteria, I've not understood why you are here, Ibug.

But, of course, you are free to spend your time as you wish.

I stopped doing long term investments a long time ago when I realised making quick bucks was easier and beneficial. Ever bought and sold shares just for the divi?
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UKOG doesn't appear to meet your investing/trading criteria so, of course, you are negative on UKOG.

Why are you following a stock which you know doesn't meet your investing/trading criteria?

Ibug,

So what is it that attracts you to UKOG, a participant in an industry where investments are for the long term and a company which pays no dividend?

Given your trading criteria, don't you think you are following the wrong industry and, within that industry, the wrong stock?

Ibug,

It is part of the oil and gas industry to make long-term investments without knowing where the price of oil and gas will be when those investments are completed.

If you don't like long-term investments, I think you have chosen the wrong industry to follow.

Ibug,

If Loxley was financially viable on 20/01/21 with the price of gas at 57.77p, it will still be financially viable today with the price of gas at 371p.

The full quotation from SS is as follows. Loxley is:

"... in my view, (is) perhaps one of the UK onshore's most valuable undeveloped assets". (From the video presentation on Basur-Resan of 20/01/21, available on UKOG's home page, very near the bottom of the page, the quotation being at the beginning of the video).

The price of natural gas on 19/01/21 was 57.77p. Yesterday, the front month, September, closed at 371p, more than 6 times higher, so "one of the UK onshore's most valuable undeveloped assets" has become much more valuable during the intervening period.

If UKOG can persuade the SoS of the encouraging prospects of its Loxley project, it can also persuade its peers of those prospects via the implementation of its pre-planned farm-out programme.

Loxley looks to be a potentially very valuable asset which, to date, has been overlooked by the market.

CORRECTION:

that quotation from SS comes from his brief video presentation on Basur-Resan of 20/01/21, available on UKOG's home page (scroll down, very near the bottom).

PS: obviously, that statement was made before the spectacular rise of natural gas prices had begun.

Tidying up old papers, came across a quotation of SS's from 2020, stating that the Loxley gas project is "perhaps one of the UK onshore's most valuable undeveloped assets".

Wish UKOG well in their discussions concerning the pre-planned farm-out programme.

GL caught me out once by releasing an RNS at nearly 6:30pm.

Not suggesting this could happen on this occasion but, when he's got news to release, he doesn't hang around.

0.09p - apologies.

50m trade at 0.9p.

Musn't believe everything you read of twitter!

new video from Adrian.

Either that or Mummy has decided her children have been misbehaving.

More than 40 of today's posts cleared out there.