RE: Oldabutnowisa30 Aug 2019 17:09
This is the AIM market and it is entirely 100% news and sentiment driven. Oilers like UKOG fall back after their discovery because investors and traders are not interested in steady 500 or even 1000 bopd producers. If there’s no more drilling, no more big news, no more price moving catalysts then investors sell up and move on. That’s why ukog is in the doldrums. We moved on. That’s also why the RBD model will not drop back because we are not looking to stagnate as a producer. We are looking to invest, drill, monetize, reinvest, drill again, rinse and repeat. The SP boosting news catalysts are lined up for us now and more investments are expected going forward as the current successes are monetized and shareholders rewarded. Stay away from dreary producers like ukog and RRE with no news expected. Producers are the waiting room where portfolios go to die.