Thanks ggc113 Sep 2012 22:41
here's hoping! I definintely take 90p now. A bit foolish perhaps, but when you narrow it down to where to top up, NOP is always at the top of the list and rejecting it on the grounds that I have too many aleady, seems a poor reason. Have been topping up in Caza and Aminex, which seem equally underpriced but less safe perhaps. Like NOP they both have production and licenses with huge potential, a bit above their weight so are looking for farm outs too. The tide has to turn at some stage for oilies. All the longer term institutional investors are still in. Blackrock, the recent addition, sold down about 10% of their holding about the time Markwell was considered a no goer. They dumped all their holdings in some juniors early summer, PCI too I believe. That was a surprise, although I heard from someone in the industry they tend to throw their weight around a little indiscriminately at times. Messed up with Provident Reources. Realy should have bagged them. Neighbours to Markwell. They didnt have any trouble getting oil into production on the hampshire downs . Nice little earner while they hit boom time in Irish sea.