Member Info for spike912

Can’t see it falling back to 1800, been nice support around 1850-1900 for a while now, even with both cavendish and L&G reducing. Add that to unrestricted cash increasing month on month, i would say we are in a nice trading range for now

Cavendish selling would explain the drop from 2050 to 1850 area though

At this rate they won’t be drilling 38a this summer. Still no spud date, still PH in hiding, still the share price sinks.

Sooner the II rebalance and move out of the way, we should see a nice steady climb into mid £20s.

On the bright side at least we know why we aren’t higher quite yet. Just got to sit tight for now

Logging prior to main phase of testing. Interim log results maybe sooner than the 4-8 weeks?

Just as DW has options, he is long term, not short term so as long as he gets his options post 3p in maybe 12-24 months he’s still happy. That’s my point, we can’t assume instant options price on the basis of DW options. He is here for the long ride and knows if he gets the deal away, eventually with a successful drilling program he will cash in his options.

We have to asses on mcap and current poo, CPR and what it’s worth in the ground with data only at this stage I guess.

Does that tempt a tier 1 or 2 to pay significantly for undrilled acreage?

I don’t know the answer to that question, of course, but that’s the way I’m certainly looking at it, and trying to value mcap.

3p feels too high for me, but of course I sincerely hope I’m wrong!

What’s that Jiddy?

Problem is what will the FO do to the SP?
A decent farm out with maybe 2/3 drills and a free carry plus maybe £5-10mil in back costs (can’t see too much more than that imo)

Personally and it’s only my opinion I can’t see this magic 3p-4p some are mentioning until the drill bit is turning. On a half decent FO, I think we may get to 1.5-2p before settling around 1.5p again circa £90-£100mil mcap

But who knows!

Does anyone know the COS on red deer? Looked through most of the company presentations last night but couldn’t see a great deal?

Value will come through eventually. I now hold £20k worth here. Even with poo down, the monthly cash we are generating is crazy, the unrestricted cash is growing week by week!
The market will wake up eventually, after some rebalancing and profit taking
My target is £25 by the end of this month and that could be conservative it China/Trump sort themselves out and a slight raise in the poo

Small delay, surely it still has to be resolved by the end of next month anyway. Worrying times, if indeed the market isn’t looking favourable on junk bonds at a good rate

Appears shorters win ffs. All I can assuming is their was a lack of interest at any acceptable rate. Looks like postponed until next month (given it’s says later this quarter)

Note issued suspended until better market conditions thus poor rate being offered imo

Rookie check you maths, even with poo declining the free cash monthly combined with unrestricted cash is way more than £18!

Days, weeks, months. Oil ain’t going anywhere unless your a day trader

Red deer incoming

Forget number of shares and look at mcap

I think the point was there is only 13mil shares in issue, with less in free float.
As compared with other oil stocks there is low shares in issue (not necessarily “limited”)

Switch off and come back end of August!

Too much moaning and groaning. Yes we are all taking a hit, but we have to (and sadly I say it) out faith in MB and MATD.

It’s too painful watching this back in the 6s, I averaged down to 7.80p, but it’s time to let this play out and switch off for a week or so.

I can’t see the province fighting over an empty box as someone once said.

Why bother?! The box is full of treats that’s why!

Shorts now at 6.63% with Och increasing 0.11% as of 1st August and Citadel reducing 0.06%

Clueless. Can’t even be bothered to reply to him/her.

They only need to close out if they expect good news surely? Added to which I assume they are spreading long and short. They won’t lose they never do one way or another.

Without sounding naive but wouldn’t we expect these to be reducing by now? Minimal upward movement on the week of bonds?

Seems odd. But I’m holding strong!