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Doesn’t need to be any news. This is still massively undervalued regardless

Pull back expected, could retest 15 p but I doubt it will go that far.

Devonplay has disappeared which makes you wonder even more.

Does make you wonder I suppose...

The deals done isn’t it?

Magmanus, I love the optimism, but I’m not sure you’ve been following the company very much recently? That would give the combined group and mcap of around $20B?

I didn’t think this is technical DBNO. Someone knows something. Either way, at a base level of merger valuation it should still be 25p

This isn’t about the market positivity surrounding the vaccine, I think chysaor have eyed something else up.

Them figures are based on $50+ oil by the way.

So 5% of a combined group is at first considered robbery. Until you break it down to the fact that 5% of $8-10B group is definitely realistic. With deal pockets for further growth, funding zama/sea lion not a problem. Debt almost negligible when you have. £800m tax relief to use.
Dividends to follow, So based on that alone 50p is definitely possible.

18 p is the obvious target for me which we initial tested the morning of the Merger announcement.

I thought a retrace back to 15p may be on the cards but it’s tried 3 times now and only managed 15.3, this looks like it could go again

But you bought in anyway? Makes sense.

But you bought in anyway? Makes sense.

When we really think about this, we are considering this a decent rise but we should never have been below this level. This is still hugely undervalued for the reasons I posted earlier.

Course you did! Hahaha this is embarrassing

Chysaor might have the cheque book back out...

DBNO going to do his usual now, switch to bashing the share price to bits.

Retest of 15 I reckon then pile in

Well played thissen nice to hear. I’m still needing 22p but enjoying today!