Member Info for Soundchaser

Hi Proselenes - You called it completely right on BPC’s ill-fated drilling campaign. Well done. What’s your current view on Pantheon’s progress and likelihood of success? Would be very useful to have your perspective - thanks

Excellent post, Starchild - thanks.

Did the best I could. Only had £100 left in my maxed out ISA dealing account, but just bought 4100 shares to add to my BPC stock. Fully support this initiative for the little guys. GLA.

Thanks dpend - I came to the same conclusion myself last night, too. I’m with you on this.

First noticed BPC when Shares magazine (before it went digital) recommended them at something like 15p (incredible) and have been in and out of BPC several times over the years. Probably just about broken even. Like you and many others, I’ve come all this way and now we’re at the climax of the story. My head says ‘sell’, but my heart says ‘hold’. My heart is winning the day. For some reason which I can’t explain, I am convinced that I need to keep holding. I may be wrong, but I am staying in.

Let’s hope we are all successful. GLA.

Excellent video. Thanks for sharing, Proselenes. A very exciting prospect.

I’m new to this board but have recently invested in Pantheon. Can anyone tell me what the recent SP drop is about and your anticipated views on how it will play out? Newbie here, so apologies for asking for info that is probably obvious to many of you. Thanks.

Thanks Starchild. I have found your posts very worthwhile and evidence-based, and I appreciate your taking the time to share your opinions. Let’s hope we are all lucky with Percy-1.

Compared to its pre-COVID levels., the O&G sector is still depressed. It has been coming back steadily over recent weeks. Brent Crude is a very useful indicator. Still a very long way to go before full recovery, and my sense with the pandemic is that there will still be quite a few twists and turns on the way. Investing in oil stocks at the moment is like Snakes & Ladders at the moment, with sudden and dramatic rises and falls.

I find Malcy’s Blog very useful. Gives a daily update on oil price movement and reasons. Here’s the most recent one:

https://www.malcysblog.com/2021/01/oil-price-far-echo-and-finally/

Are you in or out, Offerman? I got stopped out myself yesterday. Suspect it may have lower to go, and then it’s an all or nothing bet with a 1 in 3 chance of success at best. Honestly don’t know if it’s worth the risk anymore, after so much dilution. More Grange Hill gags required to cheer us up are needed, I think!

Thank you! Very funny. Hasn’t been much to smile about recently re. BPC.

Have a look at the latest RNS update from BPC, 16th Dec, funding agreement for up to US $20m. Buried in the third paragraph is this phrase: “On the basis that the Perseverance #1 well spuds on 20 December 2020...”. You could argue that it’s just illustrative to show how to backdate the assessment date for calculations, but I can’t help feeling that Sunday 20 Dec might actually be the date. Let’s hope so. Clever move because the markets will be closed that day, then hopefully the SP will rocket the following morning. Here’s hoping.
Good luck to us all, and let’s hope we do actually find high-grade oil in commercial quantities.

Hi Slift - Always interested in your view on Tullow. What’s your opinion on the Capital Markets Day and where Tullow’s SP is now headed? Cheers

Completely agree. Excellent company, well led, good book of clients, very strong fiscal responsibility in place for quite a while now.

Fantastic buying opportunity. Okay, it’s a so-called falling knife. Short-term traders forget it. But if you can hang on for the medium term, the blade isn’t going to cut you. SP is at an all-time low for a very good company that is weathering the storm and will come out strongly when conditions change. This SP will recover very strongly, my guess is before the SFO outcome.

That’s pretty funny! Plan is presumably to all jump in a lifeboat If this goes t*ts up :-)

Seriously though - a great company, horrible times. Surely, the SP will come good, just a waiting game.

Really appreciate your analysis and detailed reply. Very helpful. Thanks Slift.

Hi Slift,

I’ve always read your comments with interest. Tullow’s SP has been through a rollercoaster ride over the last 9 months. With their recent announcement, how do you read things: is this a good buying opportunity, are you sitting tight, or Is it time to sell? Can’t help feeling the SP is still way too low and we will see a good upswing, but need patience. Your view?

Guys, looking for a realistic opinion please.

Earlier this year I had a sense of what SP might be if BPC actually spudded (around 36p, I recall reading some broker say) and secondly how SP might rise if BPC found commercially viable oil. With all the recent story twists, CERP etc., I think I’ve lost the plot.

Anyone got a realistic view of SP when we spud? And then SP if we find oil of right quality and quantity?

Sorry, meant Malcy’s Blog. Autocorrection...

https://www.malcysblog.com/2020/06/oil-price-petrotal-bpc-cerp-reabold-angus-redcliff-energy-advisors-and-finally/

Very interesting post on BPC from Malcy. I’ve been following BPC for 5 years and they are really making step-changes now. Everything is coming right. I don’t care about temporary falls in SP - it’s a buying opportunity - and I am holding on for the spud when we will see SP take off. GLA.

I hear you, but Tullow’s SP isn’t behaving like other oil companies’. Look at, say, BP, RDSA, JOG yesterday - all fell, while Tullow rose. I suspect something else is going on inside Tullow. Imminent announcement is my guess. New CEO?