Don't be this guy's mug.26 Jun 2023 19:15
"What can you say about this debacle? Doug outlined whats happening very well.
The smaller BH sales, MM actions are manipulative and normal PI are selling out as their personal lowest SP targets are breached, it then spirals.
If you believe in the fundamentals and that prod is going to rise, JV deal will be done on an asset of this scale then this is a value disconnect of epic proportions, there is money to be made on the rerate north as the shorts have made on the manipulated plummet south, assisted by the BH finance deal COPL had to do to survive - weakness is exploited.
AM is probably at a loss on all this trading froth as market positioning is hardly his forte, not helped by his actions and silence, he has a lot to prove.
The SP is not representative of the asset nor the future production - all is still possible in this regard - the oil is there, prod is growing and the JVP is still at the table - value will accrue in time so to sell now will lock in loss rather than letting it play out - each to their own, but its probably the last opportunity for top up at its ebb before June numbers released - explains a lot if they are as good as they should be based on the known field technical response, pressures handled by GGS installation, MF rate 400% greater, pipes dewaxed.
That will be three months of growth from April , very powerful - should reduce the risk profile substantially and so positions will change.
Also the increasing revenue this brings as the prod grows each month is a company maker, then money makes money as profit is recycled into the field for GGS further stages, drilling and field maximisation, lower risk of default gains RBL and the next cycle of development - ask yourself is any of this reality indicated by the SP action at this time?"
Are people really going to fall for this??
Check out his posts on AAOG. For those who don't know, it went bust.
Paid ramper.
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