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Aspers
TSSZ…………it’s maybe cheap for a good reason?
Matd seems to have taken the reins over from Hurricane Energy.
All sorts of comments denigrating the company and the management, sp all over the place, so many investors with crossed fingers and many with little appreciation of the situation. I've even read a number of posts staing that MATD has the oil. That's hardly true, MATD has a licence to drill, they don't have oil, it's still in the ground.
Once they have the oil the share price should increase.
At least I hope so as I too am one of those with fingers crossed. I admit my knowledge of the oil industry is probably less than that of some of the more prolific members of this BB, however I have not done too badly with Hurricane, currently sitting on a profit approaching £95,000 having originally invested at 40p and averaging down to below 4p.
In my less than professional opinion I beleive MATD may well be another Hurricane.
Quite a low spread bid/offer. Tempting people to sell perhaps over the last 30 - 40 mins of trading?
John:
I will happily eat a hat if I'm wrong (hat type suggestions welcome) but this sounds like another deadline likely to be immediately broken.
A pork pie ?
https://s3-eu-west-1.amazonaws.com/images.linnlive.com/2f06243b5bff8cb7643e6814e9bb7aa5/2260ffa7-c1e2-49cf-b06c-d58c4269d952.jpg
Smallfish:
Very childish the Chinese when they can’t get their own way, mmmmmm, who does that remind me of?
I didn't know you knew my wife and her wish for a new kitchen.
https://uk.finance.yahoo.com/news/exclusive-chinas-cnooc-plans-north-113018658.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAABftxTBcAf9PSnfQFjyqa6MqnG4-NMxy9tVwXLMkmb5Y01hd-WwawNwRA5aqQtPCsPLTXUOD-TzA0Ph3UvKLgsrzFH2wbgcejaYSBI9LTYMY9KD-M2AT4yekx_CAoMgowGfvl1aLenMPdXern7Rzubx9HUXUvFwWB5PC2E5QtOoY
It looks like a political move on behalf of the Chinese.
Oil Prices Drop As China Initiates Biggest Covid Lockdown In 2 Years
Brent just dropped and is still dropping
Indeed, a good time to buy.
After showing fall of a little over £9,000 so far today on Friday's close puting in a small top up seemed the right thing to to
Look back a year ago Michael, price around 1p. So 6p a couple of months ago was a miracle.
Noel,
RG27 - I know - as in life generally - I have NO influence whatsoever. Thank you for reminding me.
So true of the majority of people worldwide.
and as far as Hurricane is concerned there are even fewer as a percentage of the shareholders that have any influence.
Morning Noel,
Any voting - extremely unlikely - and he will receive all my 200Ks worth.
Should a proposal to remove Mr Maris be requested at the AGM it will be decided by a vote of shareholders and I suspect that your 200ks worth will not be sufficient to be a contibutory factor in the result. It is in fact a very, very small holding.
But I appreciate your candour.
It will be nice to know the final value of today's delivery.
https://www.vesselfinder.com/?imo=9233806
Unless the price drops from its current level for the remainder of the month then for this current load it is likely that BP will choose the first 5 days of the month to peg their price to somewhere in the region of US$108 - $110. then there will be the usaul marketing and ancilliary deductions. Does anyone have any idea on the quantity loaded.
Or am I wrong in the above assumption?
Of course somebody knows something. I was very impressed with peoples knowledge whilst watching Mastermind and University Challenge, unfortunately none of it was relevant to Hurricane.
The continued steady increase in the share price is down to the strength of the price of oil, the possibility of further Government approval for North Sea investment, the imminent removal of the last millions of bond holder debt. This is tempered by the negative or at least lack of positive news from Mr Maris.
For those who wish to track the Petronordic
https://www.vesselfinder.com/vessels/MT-PETRONORDIC-IMO-9233806-MMSI-311502000
Hamm,
I have a number of positions with a variety of equities, some are long term, most with companies that have a record of producing regular and stable dividends, others are more on the value side and then there are a number in which I hold some interesting quantities that are somewhat akin to trips to the casino or the racetrack, potential winners, but just as likely to be losers.
Matad is one of those, it's a bet with money that whilst I wouldn't be ecstatic in losing, would not be a problem. I'm also in Hurricane as an LTH, like Matad, I bought in fairly high and topped up whenever the price dropped. Matad is currently losing me about 16%, Hurricane on the other hand, at today's price, gives me a 130% profit. I hope that Matad will eventually do the same. If it does get to that percentage and with my holdings I'll be able to buy that Bentley Bentayga I fancy (second hand of course)
LONDON, March 14 (Reuters) - British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.
"The Prime Minister and CEOs discussed increasing investment in the North Sea oil and gas industry and boosting supply of domestic gas. This included how the UK can remove barriers facing investors and developers, and help projects come online more quickly", the statement said.
The statement comes as western countries cut their exposure to Russian oil and gas supply after Moscow invaded Ukraine last month. London-listed oil major Shell stopped buying Russian crude last week, while BP abandoned its stake in Russian oil giant Rosneft. (Reporting by Muvija M; Editing by Kate Holton)
Further investment in the North Sea being discussed.
LONDON, March 14 (Reuters) - British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.
"The Prime Minister and CEOs discussed increasing investment in the North Sea oil and gas industry and boosting supply of domestic gas. This included how the UK can remove barriers facing investors and developers, and help projects come online more quickly", the statement said.
The statement comes as western countries cut their exposure to Russian oil and gas supply after Moscow invaded Ukraine last month. London-listed oil major Shell stopped buying Russian crude last week, while BP abandoned its stake in Russian oil giant Rosneft. (Reporting by Muvija M; Editing by Kate Holton)