Member Info for Scarface72

TXP reaches a company high share price of £1.45 and a mcap of £300m today.... With its assets in Trinidad. Should be interesting moving forward with the SWP assets after P1 drill.

Some derampers have become sooo desperate on Xmas day they are trying to rewrite the court ruling of "Denied" with the word "Stalemate". Hilarious.

You couldn't make it up. Err oh wait!!!

It will be interesting to see what Share price the market opens at after the Xmas break... Should the court case later today go in BPCs favour.

I'm predicting some buys leading into the 12.30pm close today from those with a healthy appetite for risk.

Wasn't the BPC share price less than 2p back in march though. That would mean pi's could buy shares at rates better than 2p mates rates and institutional lenders.

The shareholder value won’t be from sentiment driving the share price up as in the past. It will more likely be from a material discovery.

Quoting before the full stop... rank amateur. Must be working for the tabloids Irene. Haha.

Don’t knock ANGS... 8p to 38p. Did you miss that one too. Oh well. :)

This is normal bread and butter business for the oil majors to get the oil out of the ground. BPC is not an an oil major.... they will just sell the asset on.

It's most definitely the first stock I've ever witnessed dropping in value because they announced they began drilling a well the size of which is normally attributed to an oil major.
Can 2020 get any more stranger.

Irene.... AIM can often be predictable. Yes.

But the actions of a Bod willing to give away their companies shares for far less than their expected value is not.

AIM can't control the bods decision to do that.

Nice try though.

I hope you're right PH81... I don't personally feel the legal challenge to be as big a threat to the share price than BPC bod. They don't seem to really care too much in offering shareholder value through share price rerates... Unlike say TXP.

They always seem to trigger happy to give away large chunks of the company at a tremendous discount to what they should believe is a valuable asset.

Though I hope I am wrong.

I think in a way BPC and the MM's kind of knew that a lot of pi's were planning on exiting the stock pre drill results which pre covid was around 5.6p.

So with lots of additional dilution to fund a company they couldn't afford to buy (CERP) let alone a offshore drill project that didn't really have the funds to drill... The price has been suppressed.

The fact that BPC is willing to sell a stake in the company for 2p rather than wait for the P1 drill oil shows makes me feel very uncomfortable. I would not have done that.

Environmental activists winning a case against a countries government when they had 10 years to oppose the decision. Yea good luck with that one.

Absolutely no chance in winning that battle.

There's less chance of that happening than the UK reversing off payroll rules and scrapping IR35 on the private sector.

drop = drill

The share price reached 3.5p before the ship sailed and as we haven't even reached the spud location there is still a chance it could reach 6p during the actual drop.

I want to continue to consume oil at a personal level due to the practical benefits it offers me like traveling by air to the bahamas and powering my boats... But I don't want the Bahamas government to know that they have valuable oil reserves in their country just in case there is an oil spill.

Right.... That makes sense.... Best stop building power stations for all the electric vehicles in the future in case there's an explosion. Good grief.

Trellis. Like I alluded to... There are some pi's who were on the right side of the SOU trade... Mortgage free or early retirement... And there are others who were on the wrong side of the trade buying in at over 50p instead of 5p.

On AIM... There really is no trust. That's why it's considered a Casino platform.

To be fair... There arnt that many examples of CEOs that can take a stock from 4p to £1 without ever delivering a drop of gas or oil. Parsons managed to do just that and made a lot of pi's very wealthy. At least Echo is extracting and selling oil which is a start.

I like these kind of stocks. Where nobody gives them a hope in hells chance in a higher mcap than what echo has right now. As long as they have enough funding to keep from collapsing and survive the covid era.... There is a chance the company valuation will be higher than our is today. I have the patience to wait until people start needing oil again.

Lots of buys valued at under £5 for the risk averse.