Member Info for surprised

.....while the Company waits for the transaction to close, at which point the real work commences for
the management team.
Serica expects the merger to be immediately accretive to reserves, production, cash flow and earnings per share, as well as enhancing the Company’s financial strength from strong ongoing cashflows that should support further M&A, organic investments and returns to shareholders.

As the year progresses, stakeholders should also look for greater clarity on the operational and financial synergies of the combination, as well as the potential to now invest in larger and more long-term development projects to make use of EPL offsets for new investments.

https://*********************/research/sp-angel/sp-angel-morning-energiser-07-02-23/7_2023020705033576498/56f89600-84ce-4e41-bd40-da0987ec931f

It was only five days ago BNP took a 4 percent stake in CWR at around current prices, they clearly see upside too :-)

https://www.lse.co.uk/rns/CWR/holdings-in-company-n539yjsdf6m8vpx.html

https://twitter.com/surprised_trade/status/1621066856693104642

With Oil forecast to rise to 100 dollars+ and equally be in short supply as 2023 progresses along with a real squeeze on supply into 2024 as demand increases #SQZ's oil addition is looking timely......In addition Gas supply and demand is equally forecast to mirror the same .

At current sp level and current profits/cash flow, offset tax losses etc and the expected outlook for both Oil and Gas, at some point the sp will start to take a forward look once the deal is signed off, will 240p ish look cheap in the rear view ? I think it will :-)

Gas
Is the gas crisis over? Of course not. As long as EU utilities refuse to sign up l-t contract due to climate goals, LNG export capacity remains in short supply.

https://twitter.com/BurggrabenH/status/1622755646293540868

according to Goldman chief commodity strategist, not only will oil rise back above $100 a barrel this year, it will rise much more in 2024 when it will face a serious supply problem as spare production capacity runs out.

Speaking on the sidelines of a conference in Riyadh, Saudi Arabia, on Sunday, Goldman chief commodity strategist Jeff Currie said that with sanctions likely to cause Russian oil exports to drop and Chinese demand expected to recover as the country ends its Covid Zero policy, prices will rise above $100 from their current level of around $80. Meanwhile, doubling down on his key long-term thesis, Currie said that a lack of spending in the industry on production needed to meet demand will also be a driver of higher prices, and this lack of capacity may become a big issue by 2024.

https://www.zerohedge.com/markets/oil-face-serious-supply-problem-2024-production-capacity-runs-out-goldman-warns

looking forward ...
Oil..
https://www.zerohedge.com/markets/oil-face-serious-supply-problem-2024-production-capacity-runs-out-goldman-warns

according to Goldman chief commodity strategist, not only will oil rise back above $100 a barrel this year, it will rise much more in 2024 when it will face a serious supply problem as spare production capacity runs out.

Speaking on the sidelines of a conference in Riyadh, Saudi Arabia, on Sunday, Goldman chief commodity strategist Jeff Currie said that with sanctions likely to cause Russian oil exports to drop and Chinese demand expected to recover as the country ends its Covid Zero policy, prices will rise above $100 from their current level of around $80. Meanwhile, doubling down on his key long-term thesis, Currie said that a lack of spending in the industry on production needed to meet demand will also be a driver of higher prices, and this lack of capacity may become a big issue by 2024.

https://www.foxnews.com/auto/honda-is-going-hydrogen-powered-with-gm-tech?intcmp=tw_fnc

as an example of the share scheme that operates every year, take a read and if you look and research you will find the others etc that relate to the sales, the link below relates to todays.
So all above board all notifed in advance and all events that regularly have happened around this time of year....simply posted for balance and my last post of the weekend ...good luck with your own investments Radium and if my investment choices are incorrect I'm sure the market will advise over time, as they will if I am correct.......

https://www.lse.co.uk/rns/TLY/grant-of-options-under-saye-option-scheme-ujqg2a83hlojy5b.html

:-)

;-)

I have no idea, do you ? do management buy shares on any or every drop of an sp in most stocks ?...anyway that's my take we all have different views, outlooks, characters and personalities...we'll see what next week brings

At current price it looks like 'more than bad news' is priced in, hence why I added at 24p yesterday. The drop from 36p is a major move/drop based on the ending of the contract and expected. Markets are spooked easily and importantly TLY are seeking to ensure contracts are in place where margins are increased, revenue for the sake of revenue as stated by the ceo is no use, it's about driving profitable services going forward and simply renewing contracts on poor terms is of no benefit.

At current sp level the risk/ reward looks very favourable to me as the markets have acted dramatically and priced in 'who knows what ?' so the risk aspect is already greatly reduced down here and if TLY secure the next contract anytime soon I'm sure the reward aspect will quickly be reflected in a fast rising sp....there's risk in any share purchase, however, the price at 24p potentially leaves a large upside with any downside appearing to be already priced in....

https://twitter.com/surprised_trade/status/1621431402334928903

added yesterday @ 24p following the massive drop from 36p to 24p based on a magazine article that has previously had to correct misleading comments. There is risk, however, #TLY secured a £10m contract 16.01.23 & is regarded as a main partner to NHS to help clear backlogs

for that sort of sum Maxwell will likely own CPX after a takeover ;-)

https://twitter.com/surprised_trade/status/1621078583912574976

added to TLY holding today....real trouble getting quotes to buy, had to go 'fill or kill'.each time, however, they would take entire holding if selling ...expecting a trip back to 36p

https://twitter.com/surprised_trade/status/1621078583912574976

added to TLY holding today....real trouble getting quotes to buy, had to go 'fill or kill'.each time, however, they would take entire holding if selling ...expecting a trip back to 36p

his is a quite phenomenal reserve evaluation and it is difficult to know quite where to start in terms of assessment. I guess that the 46% increase in 2P reserves value to $1.75, £1.39 is good enough and with 2P estimated ultimate recovery of over 108m barrels that strengthens my valuation case.

But with strong 1P and 2P reserves replacement ratios of 179% and 418%, respectively and a 24% increase in 2P reserves to 96.7 million barrels and a 21% increase in 1P Reserves to 45.4 million barrels it is copper bottomed.

And if that wasn’t enough then NSAI give them an added 7 2P well locations, a 32% increase and thus extending the 2P reserve life to 22 years, this is an incredible number and can be compared more than favourably with anyone I can think of in the sector. Finally the 2P after tax NPV-10 value has increased 48% since year end 2021 to more than $1.5 billion putting most valuations I know of totally in the shade.

I have carried a Target Price for PTAL of 150p for some time now and have never wobbled about its ability to deliver, right now that number looks conservative… Financially it is very sound, we heard last week that it will pay off the debt in a months time, plans to pay a dividend and is also considering buy-backs into the bargain.

The biggest risk is that the incredible reserve life index of 22 years, combined with the cash flow and nearby exploration prospects turns them into a bid target, if that happens you can forget my 150p TP…

https://www.malcysblog.com/2023/02/oil-price-petrotal-zephyr-arrow-savannah-and-finally/

good luck PR with your investments and thanks for the advice, however, dissapointing though the update was, and we've had a few at times, for me CPX has been a very profitable investment/trade over the years. Disappointment has frequently been followed by a a decent uplift in the sp and slicing a few profits has never been a bad idea, as we all know .....I've been fortunate to keep my average in the 3p-4ps, so a favourable position often combined with a bit of patience has seen disappointmet turn to profit, as with many stocks on Aim....not for me to tell people how to invest as we all have different outlooks, time scales etc however, in the world of Aim there is often opportunity in the drastic moves that sometimes follow an rns, good or bad and it is for others to judge if this is an ideal opportunity to stick, twist or add with the forward outlook here...the Maxwell IP issue still to be resolved :-)

https://twitter.com/BurggrabenH/status/1618965664991174658

Good to see that 74% of sh went the extra mile to understand the merits of the proposed transaction.

Now, @MitchFleggCEO
& team will have to re-focus on getting this s-t tricky gas market right (Q2 weakness) & step-up buybacks as $SQZ is over-capitalised.

There is a time to support and then there is a time to monitor. The latter started this afternoon.

The share price must get back to 400p & if mgmt doesn't treat it as a product (like a field that needs love) it will not. Mgmt is now under scrutiny.

https://nairametrics.com/2023/01/26/nigerian-military-destroys-39-illegal-refineries-in-2-weeks-arrests-oil-thieves/

The Defence Headquarters has revealed that the troops of the Joint Task Force (JTF), Operation Delta Safe, have in the last 2 weeks destroyed 39 illegal oil refining sites in the South-South region of the country.

This was made known by the Director, of Defence Media Operations, Major General Musa Danmadami, at a bi-weekly news briefing on military operations on Thursday, in Abuja.