Breakeven, at anything under 30p PMO is priced to be increasing debt. If an agreement can stabilise brent this n the $40/45 region then I think 50p SP is achievable medium term.
Yesterday, then lot more today. I have far more shares than previous and have alot more to come if needed. Im not saying this is bottom, but given what they are trying to do on cuts, i want a foot in the door now. Ive missed all the rants about Durrant : )
US to not export? No massive loss for them as shale was about to start dropping off from next year. Excess for now can go into SPR. Opec plus to maintain 3m bopd till April 2021 Then they need to drop another 5m for rest of year. They cannot let the situation ride and watch ME and Africa plunge into a double headed crisis that will result in the rise of Islamic uprising and more.
no, he sold a few weeks ago and has been a total disgrace since then, in a time where we are all in fear for loved ones, jobs, investments etc, lets hope karma runs its course.
deal was sanctioned by Nigerian gov and UK courts. of course if they want to take it back at 21p a share they can do so, i think given current valuation its not going far on value. Although im sure theres a few on here who will be non stop on it to add to the loan saga, Mitongate, payment scandal etc.....
Everyone has to do whats best for them, if it causing that much stress its not worth it, you can now switch off. Its a pity, nothings 100% unless its in a RNS, but I do think:know Savp revenue payments are coming in and you will get an update in Q1. But in these markets if you are out its sometimes best to come back when the worst is over. Good luck.
HS, to be blunt, it was you who was using a 3 month old biased article to scare people into selling so you can self justify your decision. Making investment decisions based on internet news sites is your own prerogative, but you shouldnt push it on others. Lets wait for the RNS to see whos posts were wrong.
RE: This is what is being referenced6 Mar 2020 11:00
So why is every other O&G stock going down then? Have you seen the price of Brent? All companies are at risk to n this environment. Savp with its fixed prices can weather the storm, but that might mean protect cash flow and delay Niger. Theres alot worse out there who have little cash flow.
RE: Can sell my full holding at 12.25p4 Mar 2020 20:48
The trade is tagged XOFF, which is an OTC trade, on here you will just see it as an O trade, you can see the trades if you look at the actual London stock exchange site or on live price software, depending on who/if you use.
RE: Can sell my full holding at 12.25p4 Mar 2020 18:35
A number of the larger trades today were off the counter - they were not put through Aim or any other exchange, it was one ii to another, so not a buy or sell as they never entered the market.
RE: Can sell my full holding at 12.25p4 Mar 2020 16:05
For February 2.5m shares were ‘ bought back’ as the stock on loan reduced - again this should move SP higher, but its in tight control. Positive is no one is taking out shorts on Savp and as we know iis are increasing. Its frustrating, but for the battle weary patient, rewards are high from this level.