The trend is your friend... always buy a stock in an upward trend and never try to catch a falling knife as that's a mugs game Investing becomes a lot easier when you can just hold your shares, sit back and watch them breaking out to the next levels up We have oil and news flow on our side Support 136 Short term target 170 Feb 200 March 250+ June 280+ Sept 300+ End of year 360/420 Glut draining at 4 million barrels per day ! January 57$ oil February 60$ oil March 65$ oil
Target 350 - 400 in 2021 . Brent heading to 60$ Weak dollar Glut clearing @2.5m bpd Increased production coming Money owed gonna be paid Target production 55,000bpd 200% upside in 2021 I can see this jumping 10% in a day very soon The money owed equates to 25p per share! The trend is your friend If you have the time and you can play the long game...... I reckon we will all be rewarded here. After Saudi and opec+ cutting an extra 1.4 million bpd we could be draining nearly 4m barrels perday. Just think about that ! Can you play the long game..... if you can 2021 could be an excellent year!
Clear as day the Current bod were driving the company into the ground, Jb couldn't do anything because of the injuction, the only way he could get change done was selling his holdings under 10%. He has posted in his blogs everything. 8 trading days until GC in his new role. 26/27 trading days untill JB drops to 10%. If you read his twitter posts everything is clear and you can piece it all together. Bod are a disgrace and just burning share holders money. JB been extremely busy on twitter tonight , I suggest everyone reads the posts
last year on final results they announced a dividend of 7.45p, it cost the company nearly 35m
Total dividend for 2019 was as follows Jan 2019 1.87p 18th July 2019 7.45p Total 9.32p
In 2020 so far January 3.10p Judy 2020 I doubt we will get a dividend, but we me get a 15 million buy back of shares over next 30 days. 500k per day. Just my opion as the company haD 136m as of 30th June!
Why did the company increase the dividend in January from 1.87p to 3.1p if they were in trouble.....
Could be massive scramble for shares monday, I reckon eps per share will come in at 13p.
If that is the case the company should be valued at 39p minimum!
Good luck fellow longs!
Good news is released on Mondays for maximum uplift.
Bad news are normally released on a Friday morning or towards end if trading day on a Friday!
If company announces buy back and JB is getting other companies to buy his stock.... we might see a good old scramble for shares!!!