Member Info for PANG

Does anyone know at what price average Odey and friends went short, they could still be in profit and under no pressure to sell if they do not have faith in the drilling results. Also oil price rises will have little effect due to hedging. It would be next year before high oil prices translate to profit. IMHO I am I restate a seat of pants investor.

All promise no delivery. Until new producing wells I believe we are range bound 55 to 60.

Never Ass - u - me

Not Nice Big Risky, no comments on family please

Thanks

When is the Maerks Ventura due to start, is there an average time scale for star of drilling to production.

Thats some swing today.

May have been mentioned but i missed it. What day is close for bond sale, how long after would it be announced

This rise seems to happen weekly, then a drop back to sub £1.60. To me it is as if someone is buying but trying to keep weekly average low by selling off % later in week. IMHO

Smithy , like the summary of TWD will have a look at it, as it is a quiet day

After my episode with Horizon Technology i took to heart an article by Peter Lynch. In the article he put forward the theory that Private Investors should never invest in a company unless they fully understand what the company does. He said that if you could not sketch, on a piece of paper, what the company did do not invest, most losses for small investors were made by not understanding small changes in a company and seeing there consequences to the share price

My worst will never be forgotten. Believe me or not 80 k paper loss on Horizon Technology during the .com, went on a cruise and came back to find it was a more expensive cruise than planned.

Slow today, am i wrong in thinking a lot of short term holders are selling up and moving on elsewhere. I still see higher in long term.

As BP are intent on share buy back, why have they not shelved the script option for dividend. I hold CRH shares for about 20 years and always took script option, when they recently started buy back the first thing they did was scrap the script option.
As to current share price it seems undervalued, my original purchase was at the time of the Oil spill in the gulf, i have recently doubled down to bring my average to 3.05. BP was always a pension fund favourite with their high dividend, those same funds now seem to be finding better yields elsewhere. This will be a slow riser IMHO, and as such it is only for the LTH

Thanks

On todays numbers can anyone extrapolate what the PE works out at circa £3 share price

Colin is not the only one who needs to undergo metamorphosis, MKS keeps bouncing off 1.60, what does it need to do to break free.

Colin is not the only one who should go under metamorphosis, MKS just keeps bouncing off 1.60.

I agree ROO seems valued at what it will become not at where it is today.

Silverhorse : As a pure gamble bet ( no trip to Vegas this year so will use vegas budjet) for small money what do you see as a good entry point to UFO