Member Info for shamI89

Market is punishing carclo for factors beyond its control, I think pension deficit has increased due to corona virus and production could be affected as well. Things were looking really promising after wipac sale.

But I knew they are upto something when they did not make an offer and were pushing for D4E. At times I thought that it wont happen.

But right now Corona virus has cripled the whole world, China the factory of the world is locked down and more countries are closing their borders.Any hint that Corona virus is under control and price of oil would fly. I am eagerly waiting to double my holding but want to see market improving first.

Free fall until some well known people on twitter spotted it and got in , funny thing is it went up and down within few mintues.So very few people had the chance to get out with a profit and a few of them are sitting on big losses. It is like nmc story is being replicated here , 54% shares have been pledged as collateral, company had some issues and is not certain of liquidity.

I am surprised that people are buyibg it despite material uncertainty.

Cash would be king and looks like it has plenty of it.Current environment is really grim for oilies but those who have cash would survive and this company stand out.

86800 bopd and that 16800 bopd more than market estimate of 70000 bopd.

and other 40% at 34, they are getting break even price of 45 right now and even above that.Ugandan/Kenyan asset sale news could land at any time.

and looks like they are very close to concluding ugandan/Kenyan deal.So would be good if they can conclude it today.

Dont think they will do anything, these hospitals would still be running under new management , creditors would sell of assets to get their money back and shareholders would get nothing.

Worst of all ot was a ftse company saw it happening on aim most of the time.

Guess what, many people would start attacking MW without reading and investigating the report.I remember some american company published a report on Quindell and everybody was going mad.Quindell did turn out to be fraud and Co founder got away with it.

There is no need to be nasty but I have lost 80% of my portfolio more than once and made it back. It is not about making mistakes but from learning it. I take no delight in people losing money but what is upseting is that people start attacking you when you show them right path.

Funny it is coming from you adzy as you changed your tone multiple times, you were negative when you were shorting it and turned positive when you were long.

Not really I feel sorry for you guys who lost money here, in fact I could have been one of you guys as I was trading it and only stopped doing it when shetty announced that he does not know how many shares he has taken loan against.Some of you have lost your life savings I hope you make your money back.

Might hear something about Ugandan/Kenyan assets tomorrow, potential buyer wants to have claity on exploration costs before buying Kenyan assets , Tax issues should be resolved and tulliw can move ahead with asset sale in Uganda.

It is bust now, total debt is 5 billion and we dont know how much if any profit they are making. Assets would be sold to pay off creditors.

Was set up to screw private investors, shetty knew his game was up the mintue MW report came out. Looks like he wanted to inflate the equity price as he knew that banks would be worried. However first he announced a legal action, then announced share buy back program and then announced formation of investigative team led by Freeh.Company had a cheek to issue we dont know of a reason which has led to this fall. While private investors were piling in, management was dumping these.

It did not work before, saudi could not crush shale before, how can they do it now.

He wont give a penny to any charity that was a cheap pulicity stint . How can he sleep at night(