Member Info for rylidan

Latest ceasefire negotiations have not yielded any results. Hence Brent back over $90 after a short dip to $89.

Still a lot wanting to exit is my guess. I bought for a dividend stream NOT a sell off, maybe for a profit. I find it very suspicious some funds voted against and their motive. I reckon they expect to use their weight to stuff the average PI.

So expecting this to go lower, until it becomes an outrageous buy, which is when some funds will load up.

Take your guess where that price is. I've already stated my view. I'm close to starting to buy more, but not there yet.

Agree that more buy backs would be good, if they are allowed by TSX. Think they have struggled getting much recently without impacting liquidity.

Also I'm happy with the share price as it is because I'm still hoping to buy more (cash permitting) before this establishes a range over 50p. The update in a few weeks maybe the catalyst.

I'm sure they will use asset life when calculating NAV (built into revenue curves). Doubling capacity this year. Great 12%+ yield right now, and they just confirmed the dividend policy as 7% of NAV.

So topped up this morning. Seems well oversold on sector woes.

Been range bound from 42p to 45p for quite a while. Drops below very occasionally and goes above occasionally. Been trading a bit for the past year on top of a core holding, but this is looking very much like it could try a breakout!

Looks like it's in bargain territory right now. Someone is unhappy.

I love your charming wit spongeBob. Brightens up a wet Friday.

I keep waiting for the fall back, but it's just going back up! Volume so low, and every buy seems to push the price up. Still looks very undervalued IMO. Looking forward to the next update.

Yeah, my glass is always full (who wants a half full glass?) The company's past performance is maybe the reason I'm so enthusiastic here!

Thinking about the next dividend announcement, perhaps in around 3 weeks time (25 April last year).

Assuming 1.5c covered at $77 Brent, and average in Q1 was $83. Gives surplus over budget of $6 *18k (bopd average)*90 days = $9,720k over budget, or a tad over 1c per share. So in my view 2.5c would be my guess for next month. However if Brent stays at current level for next 3 weeks that is trending for 2c per share above budget for Q2, and production may also beat forecast, so maybe a bumper 3.5c possible in q3.

A 2.5c dividend in Q1, gives a rolling 1 year return of 9c, which equates to approx 16% yield at exchange rate of 1.25 and shareprice of 45p.

A bumper dividend in Q2 would increase rolling yield further.

Happy days!

I tend to agree with you Jax. Too many sellers wanting to exit quickly now. It was probably why the IIs voted against. They will help the share price down and then load up. Either that or they were gullable and believed the shorters narrative about a bumper payout by rejecting the deal.

It's just left this share vulnerable to the vultures, as predicted.

I still hold, but regret not fully exiting when the deal collapsed. Will top up, but 46p is my absolute top.

The BoD could also cut or eliminate quarterly dividends while this goes on. Its no longer a nice guaranteed revenue stream. If that happens I expect more like 40p as the bottom. Let's see.

Brent closed over $89 today. Looking unlikely to fall back until after the next Petrotal update.

High volume thursday but down not up. It was a bad day for the REIT sector. Nice bounce back today. A bit annoying as I was topping up today anyway and surprised to see the jump first thing.

Must admit I see little evidence of manipulation. No A trades, but low volume so expect sudden short term moves. Some trading opportunity but easy to miss a re-rate when it comes if you're unlucky. Personally building slowly and trading only a small volume of my holding.

Trading over 4 different markets keeps this share price relatively stable, which is good.

Bought today as there are plenty of reasons to expect higher oil prices for next few months at least.

GLA

Brent strengthening above $87, with OPEC+ meeting this week likely to continue current policies

The CREI disposal today gives me some hope that we may get close to 65p disposal value after all the costs and issues of a fire sale. Not sure how many will stick around though.

Here's hoping today will be better!

More people want to get value AND income out of this portfolio than want to sell it cheap. We will have no say in the prices achieved in the market. Aberdeen will be keen to close quickly. SHED will be rubbing their hands, waiting.

I reckon the next dividend will be cut or scrapped. Its not covered, and with increased costs the gap will widen. Thinking now we may see 65p or over if we are very lucky IMO. Look at CREI go this morning, against a backdrop of other REITs falling today. The value in the offer was far greater IMO.

Reduced this morning. Overall I'm OK as made a nice return on CREI and I also still hold both so lower risk for me than before the offer.

Still unhappy though.

Very disappointed the merger didn't go ahead. Would have been very happy waiting for this management team to get full value from the combined REIT. Have reduced at just over 84p. Just think the yield is now too low for current environment. Will definitely keep a core holding here and look to add on weakness as the costs of this debacle come through.

Attended the presentation and really like the management team here.

The fall is totally predictable. The high activity funds who are making a fortune from PIs voted against. We will get sold down below 48p is my opinion as that is where we were before this started. They will also vote against a managed wind down.

So so disappointed that a small number of funds voting can block this.

Incredible. Within a year we would have been back on 65p to 70p equivalent with CREI. We may achieve that, but you can be sure the funds that scuppered this will look to pick up cheap shares here. Probably the reason they did this.

Also blame some of the platforms who don't allow easy voting. One of mine did, one didn't. Luckily only a small holding that I didn't vote on and wasn't worth the hassle chasing.