The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Big gap in the spread, tells you all you need to know...
Seriously? The BOPD is down, the price of oil has increased the rev, no other news ,nothing else has changed, and yes I am a holder and sitting in a firmly negative position.
only find out on the 22nd Sept. at end of book building...I've taken the plunge to top up my holding..
Last time i buy shares in one of these god forsaken **** show Aim Oilers, HUR, RRL, EXCITE, AMER, RKH, everyone of them so much promise that turned to dust, i can accept the risk, drill a duster or hit the jack pot, what I cant accept is the uttertly incompetant management of some of these Co's and the spin they put on a dead horse, failure to meet targers and constant stream of promises that fail to materialise and only end up in a trail of burnt PI'S, held this dog all the way down and finally bailed at the biggest loss i have ever made on a share!! Final straw for me was the investor meeting this morning, pathetic repsonse from so called management!!
Cant sell for love nor money!!
Can buy on Barcs 6.14
Anyone know the next support level, think i saw 6p somewhere recently?
Exactly, what O&G Co. isnt being prudent with expenditure right now? I should know, I work for one!!
This will probably get humped early on just because the RNS provides sufficient leeway for those standing on one side of the fence to do so, it will likely reboud quite quickly IMHO due to those standing on the other side of the fence, there is good and bad in this whichever way you look at and whichever view you hold, my own opinion is that long term this is a good move, strengthen the team, increase reserves, bring value to the Co. and shareholders, no negatives in that, but without a doubt this will get taken for a ride on sentiment in between!!
Heres a little bit of info on API oil grades https://www.engineeringtoolbox.com/api-gravity-d_1212.html
Give it time Chaps, nothing has been confirmed except oil flowed to surface, no volumes, est oil column, BOPD, water cut etc, etc, I for one wasn't expecting much of a rise today until the DST results are finalised, it is frustrating when the SP can move to nigh on 60p several times on nothing but hot air...lets hope the DST delivers in full and then we can reach and hopefully sustain new highs...
http://d.muddywatersresearch.com/content/uploads/2019/08/MW_BUR_08072019.pdf
love it...compete one man post from entry to exit...good on ya!!