The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Is drilling a sidetrack easier or harder to manage than connecting an existing gas field to feed into BG main pipeline?
Understand this and the current share price makes more sense. First gas won't change the market's view of project management competence.
Crude - condesate spreads trade due to supply and demand, recently condesate is at a discout as diesel and petrol are in large demand.
But given the tiny production volumes expected movement in this portion of the crack spread is far outweighed by the unheged level of crude and how that +/- impacts revenues. Really not worth arguing over, get the gas flowing on a long-term basis first.
Factual post of the week so far, well done Shareflyer.
Mirasol, good point, a default then means the hedger takes over ANGS and current equity gets wiped out, and the Board likey gets binned and need to move on to another AIM gig.
Been in and out nearly a dozen times, bought back in the day above 25p and turned a profit, have done much better since I started short-term trading this, watching today, not impressed with current management performance and countdown clock to make revenues is running.
Abuse, from rampers or derampers, is the refuge of those with no facts on their side.
Read and judge for yourself here folks who is using facts, and who isn't, to back up their statements.
Anyone reporting last Thursday's sidetrack is anything but another missed deadline? Rig spotted working?
Short version of Hits for roganjt:
Past performance matters because sentiment plays a huge role in AIM pricing, and a quck look at ANGS share price performance over the last 4 years goes a long ways to understanding why the market is going to wait to see confirmed, sustained, profitable production before any re-rate. Sidetrack with big production will do it, but for some reason the market is wary until it actually happens...
> hedged amount initial production essential; 50% hedge decent rally above 2p, significantly below hedge level game huge price decline moving towards game over.
RT, our self proclaimed BSD, that either doesn't read or doesn't understand RNS releases, had no idea spread bettors had large open hedge positions here recently, £380!
"successs" "drill" are the two words here spooking long term holders and people thinking about investing
Recent developments from ANGS management have not exactly been confidence inspiring. Theatening posters obviously stuck on a short term position, insulting rather than making a fact based arguement, do a vast amount of damage to the share price in repelling new people to enter this market.