Member Info for robrin

So basically it's gonna take a lot more then one or two bits of good news to outperform seller ****.

I home I'm wrong, and we can get back to 6p plus in good time.

As far as I know, none of the "panicky" investors on this BB sold, therefore your comment makes no sense.

Question is will it forever remain cheap as has historically been the case, or will BOD be able to turn this around? sentiment alone is not going to change this IMO

What, in everyone's opinion, is genuinely needed to push this past 10p and beyond?

The recent warrants debacle has pushed us back so I reason we need several good bits of news before we can push to 6p again, without any interim RNSs that could be construed as "money grabbing".

People can get my shares if they like. Once the SP increases. If it ever increases. FML

*price of oil not going down

If anything, taxing oil producers or imposing exploration limits is only going to increase the cost of oil. It's. It going down at the moment.

Bloody expensive enough refilling my boiler every quarter. Is the government going to help fund my replacement? Doubtful.

Ultimately though I'm more interested in the shorter term share price here (1-2 years). Larkin and co need to deliver here fast. If it stays around 4-6p for too long, people are gonna leave.

Making decisions that pee off investors doesn't help.

Oil isn't just used for cars, it's used to all manner of industry, even the clothes we wear require oil.

Where is the new miracle replacement commodity for this?

Oil is also a requirement for the creation of solar panels. Amongst many, many other items.

So yes while I agree that the volume of oil will be reduced in some capacity, it's still a necessary commodity. For now at least, until a new wonder replacement process presents itself.

On the other hand presumably there is good news updates around the corner, and best to get this out the way beforehand.

I may also dump some once it goes back over 5 but certainly not all.

Would be nice for some of the BOD to buy a fair few of the sold shares up.

Still, happy to hold for now.

I have emailed them for some clarification and will share what they reply with

A big 3mil buy near the close, but I'm wary this could be the seller topping up again ready for more rinsing

Need to clear the disgruntled long term holders first I think. I see one on the AD forum has just sold.

Good read
https://www.google.co.uk/amp/s/www.telegraph.co.uk/business/2021/02/17/peak-oil-demand-coming-first-brace-almighty-supply-crunch/amp/

This is my only Oil + Gas stock.

What's interesting is that my research shows me that the oil and gas companies with the highest share prices (100p plus) have huge amounts of debt, are not self sustainable, and have reported losses for years. The triggers for the SP rise spike are nothing particularly excitable, either.

And yet UOG has waivered at 3p for so long until now, where it seems it's finally getting some kind of uplift.

Why is this? Other stock sectors don't get this kind of under valuation.

I'm no stock expert by any means, I just see what I see, and learn from my mistakes and wins.

But the high SP oil companies with major losses makes no sense. Effectively, UOG's revenue per share is significantly higher than the big players.

I just don't understand why UOG's share price has been so low for so long and off the radar until now.

Chances of that large buyer being our dear seller?

Hi O2B.

Do you have a target/ideal scenario SP for this over next few years?

I'd imagine that 77k one was a genuine sell.

Oh well, that'll soon get mopped up tomorrow!

Hi
I think to say it's undervalued is a stretch, but the SP IMO has a long way to go.

There should be contract announcements soon, with the new US guy and all his contacts from previous roles. Hopefully, anyway.

And Biden's stimulus plan focussing on railway infrastructure, all things bode well in my opinion.