Member Info for Peakview

Better spread for trading now and trying to Buy 50k around the 24.20 mark.

Stas - a reaction of some sort on ex-divi day is pretty universal, and we can certainly stand today's minor correction without any knee-jerks. The prospect of imminent Canadian results plus the Serenity spud entitles me to be static until news.

Gator - fully agree and I see that you are still edeavouring to drag some of the rose-spectacled brigade back to reality. The harsh truth is that however much the income SHOULD have been during the phase of record gas prices - this management team will always find a way to spoil the picture with repeated mishaps and amateur performance. I have given up on their constant failure to communicate - just so lacking in simple professional know-how.

Back in here today with 50k @ 24.64. Too much happening to be out and very happy with the rate after trading at 2/3p higher. A result at Serenity would be dreamy, but all looking good across the board with very detailed and helpful posts from the main players!

Well Denis, even the reliably optimistic GG is "very weary of all the disappointments" so it seems that I was not just talking for myself. If you have fluked it, good luck - but that goes nowhere in recognising that with all the market advantages of exceptional POG this share should be scaling much higher levels. As for "harsh" - if facing reality is harsh then so be it. What I really hoped is that my reference to the new PM's intentions to "rip up oil and gas red tape" would prompt a wider debate on how she would do it and the likely effect on the North Sea gas supply industry? A wee bit more interesting I would have thought than news of another salinity leak at Elgood.

One would have thought that the new PMs declaration on tackling oil and gas supply from the North Sea would have had a beneficial effect on the sp and prospects of the gas producing companies in the area? Also the hint that the net zero targets being banded about are impractical for the foreseeable. However, for that to happen we need the market to overlook the catalogue of mishaps and mistakes committed by this management team. Also - if AA was going to make a move in IOG's direction it would surely have happened by now at current depressed rates. Perhaps he has the same concerns that we all share when we look at the delivery record of one of the poorest management outfits in the industry?

Holding the divi at the same level is surely a good sign whilst Canadian O & G shares are sinking gently. All about POO and the sweet spot which is widely touted for the immediate future, and the fundamentals here are still strong. Will ride this one out and hold all stock for a winter rebound.

Just to confirm that, along with a number of LTHs, I have a suspicious mind.

Not just the IIs I can assure you - drops like this one are a result of diminished trust in a clueless BOD - and PIs are leaving in droves as a result. We keep reading these glossy reports of a rise in gas futures and the promise offered by Southwark later this year - and down we go a further 6% which amounts to a cool 47% drop in just over a week. Might be too late for some, and the alternative at this stage tends to be to set your jaw and tough it out, and although I personally am long gone - I certainly feel the pain for fellow posters and LTHs.

I thought the same TSSZ and very hard to understand how we have dropped a fraction after a 7% rise in Canada? Oil still bullish and we are now in a great position, so what is going on wiseheads? You could say that we are even more of a Buy at these rates.

Correct. We should see a substantial re-rating here when the market re-opens on Tuesday.

Thanks Tony - useful comparisons that underline the potential here. Have read the Q2 results RNS and - like the curates egg it is good in parts. I can see how the shortsightedness of successive Canadian governments and the energy authorities have held back the gas revenues -with no LNG facilities or pipeline for exports. At today's sky high international gas prices that has been damaging to revenue - so obviously a relief that our oil output is the principal earner. Have dipped slightly below my average after a deal of investing at the 30p+ markers - but undeterred when there is so much upside and am a definite holder. ATB

Gator - impossible to disagree with you in your comprehensive summary of this BOD's misdemeanours. Because of my own doubts as to their competence and the experience of an unimpressive PIs meeting back in the Spring, I was already halfway out of the door. So apart from the latest final small sell, it has not been an overall loss-maker for me. All the calculations of booming resource values are meaningless to me if the driver of the vehicle barely knows the rules of the road! Having said that, I wish you and other loyal LTHs a big change in fortune with IOG and will keep checking progress going forward. ATB!!

Whatever you think Drill Wooster is merely highlighting the reported problems that could occur with development at Southwark - and in the light of the ****-ups admitted in yesterday's RNS, has every right to do so. Trust has been betrayed by this BOD, and many are feeling aggrieved with that fact.

Spot on Dell and it is no time to pull one's punches after yet more pathetic and devious management strokes. To blame AIM is pointless - this lot are as poor as you can get. And the timing of LOG's 5 million share dump just before today's shameless RNS stinks to high heaven. Just means I can no longer be involved with such incompetence and chicanery, so the towel went in around the 35p marker. Losing money is not the worst of it - it is falling for a promising investment that has been totally wrecked by a dodgy bunch of bungling amateurs.

Gator you and I have been in here for a long time now and shared similar views on all aspects of the management's consistent failings. Whilst so many get dazzled by the size of resource and its giddying valuations at this time - its how you manage those resources that really counts. I am afraid that the market now views IOG and its competence with extreme scepticism - with justification - and the slightest hiccup results in a harsh correction. We are at a stage when an assessment needs to be made as to just how much slack we are prepared to cut for this outfit whilst the sp drops yet further.

Heartily agree with your post Wolster - not just disappointing but rank bad practice bordering on deception. I warned about market futures not being as rosy as some posters have been banging on about, but have to say this operational failure and poor performance has come as a shock. My long term memory of IOG and its repeated failures obviously needs reviving. There comes a time when enough is enough, so best take the hit and move on.

Good question Toad - there is no need for conspiracy theories when the main protagonist Putin staggered the world with his illegal invasion and has been responsible for all the ensuing mayhem and price eruptions since. The so called "scapegoat" is guilty as charged. Shareholders in O & G companies have been the main beneficiaries of course - but the banner headline in today's DT Business section - OIL AND GAS INVESTORS REAP RECORD PAYOUTS made me chuckle. They somehow left out IOG shareholders!

Presumably they are taking a nice profit from their original entry point?? Everyone's privilege in this market.

Masks - we appreciate the updates, and investors here will be hoping those rates or similar last until Southwark comes on stream. Perhaps worth a reference to today's summary in the DT of the state of play 6 months into the Ukraine war, with the respected journo Evans-Pritchard offering his take on the economic front -
"Putin has lost his gas war. Today's crazy prices are caused by a global scramble to lock up supplies of LNG from Qatar, the US and Australia before winter. East Asia and Europe are in a bidding war. Once the panic subsides, gas prices will fall, and perhaps faster than almost anybody imagines today ...........Putin has taught us not to waste gas, nor to rely so heavily on weaponised hydrocarbons. He has shot his golden goose."
If he is right, perhaps some judicious hedging might be appropriate??