Member Info for sightwatcher

Iran is preparing a response to Israel's latest attack ,there is US election result soon which may have some effect on Geopolitical situation and soon have Q3 update so SP will be fluctuating for a while until it establish its trajectory up or down?

Budget is out of the way and Israel strike is over, in theory it should crawl and begin upward trajectory.

Possibly drop because of tomorrow’s budget speculation regarding Air Passenger Duty may go up in Reeves's Budget

We may have to wait for SP direction up or down until budget day of 30th Oct to see if any tax increases on travel?

Price won’t move to upward trajectory until there will be substantial oil output to meet expenses and hence any profit if we are lucky! We have to wait for further wells to be explored and oil find I am afraid, that is what I think that SP is not going any where and of course I may be wrong but that is my conclusion.

Stimulation fluids are used as I understand to aid/increase the flow of oil from well

Hurray! You are absolutely right master! Final touch down, petromatad producer of oil but no excitement in SP! Let us expect somebody comes with worthy answer but I doubt it though?

Let us hope production starts tomorrow and they give some details of oil output per day to estimate the revenue?

Let us see what happens tomorrow when the genie comes out of bottle?

Wonderful but Google is quite often wrong after 16:30 hours

There is possibility somebody buying cheap share until they have enough holding to buy the company on cheap. It may one theory to keep the price on low?

Very positive RNS and with no debt it is surprising to see SP is still muted! Let us hope one day it will make us some money .

Sure Sund I bought BP at 410 but it is long term good entry and I am not worried if it goes down because eventually it will make money and it has had good dividend too.

Never mind if Sund has made lot of money, good luck to him but in majority of cases we miss the boat at right time buying and also sell early before peak? I was thinking to buy at 1.85 after Iran’s attack on Israel but it never came and instead bought BP .

Very interesting thought! It is possibility in case Donald wins then Israel will be free to strike whatever they choose! But it may lead to wider conflict though?

It is sensible Sundezena, waiting for Israel strike on Iran and then buy some if price falls! Anyway it is interesting to watch until then I suppose!

Never mind! We missed the jump but hopefully after Israel’s Strike on Iran , there will be opportunities to jump I suspect?

Very surprising jump without any major event?

Agreed! Their website and App malfunction s quite often!

It seems SP will be hovering around at these levels for long time to come until further substantial sources of oil / gas are discovered which obviously needs more funds ?