Member Info for Temple_of_Doom

Seplat has previously risen 5-10p over Ex divi date in days gone by ....

Hedge fund trolls crawling around here.

NNPC acting as regulator looking to block the Seplat deal to rake over the assets itself before IPO ….

…. It really stinks.

Trend is still down until 110 is broken and held as the September low.

If 97p comes I’ll buy more and if it doesn’t I won’t …

Simples.

;)

Nice surprise this morning….. profits banked from two days ago.

:)

Quite SeaTank … no excuses given even the recent comments on this thread … still waiting for 97p …. to buy …. got enough as it is …. For now at this price.

GLA

“ Given what I know this week versus what I thought I knew last week”

Weak comment …. Nothing has changed information wise with Seplat this past week, but my filters have changed this week ….

… another one added.

:)

“ A close below 240p would be another very bearish sign. I do love it when the astrology of stating the obvious enters market share price analysis …..

;)

“Am I over reacting ? “

not necessarily …. But looking at the post history … not a good word for any stock … so my guess is that:

“ I have been overweight / expecting big things from SEPL for quite some time.”

Is tenuous at best.

I’m always sceptical of people coming on a BB claiming to have a large holding for quite some time …

…. Earnings in Q3 were slightly negative … so not great, while the current trend on Sepl. is down …. I cleared those bought at 100p or less on the day of results, and looking for re-entry around 97p preferably before Sepl. goes ex divi.

Good luck with the short.

:)

"I think the outlook here is bullish." --- You don't say.

Good call yesterday Trek .....

;)

"a slightly worrying trend."

Given the corruption and oil thefts, it's an ongoing problem Nigeria. Still, with NNPC being made a public listed company, with design on accountability, and an IPO in the near future ...

"Nigerian oil export terminal had theft line into sea for 9 years"

... probably of no surprise that the illegal lines are being cleared up. Nationalized industry orders a pipeline, builds it, then loses the paperwork, until it is forgotten?

There is a large investment now in clearing up the thefts from that I've read. About time too.

Looking at results average sale price for oil was $106 suggesting that shut downs have primarily occurred during the weaker Sept/Oct oil price action.

USA has depleted its oil reserves to 40 year lows meaning a very big buyer out there … Biden has stated he is not going to top up until oil gets to $70 and the Saudis have said good luck with that.

27/10/2022Buy QWGKX2 5014£0.9972£5003.95
27/10/2022Buy QWGLD4 5001£0.998832£4999.15

Grabbed another £10K … having read full results. 2023 Nigeria moves over to a different pricing model for gas … next year … and thefts/outages/floods seem to peak in Q3 …

Let’s see if Mr Market agrees.

;)

"Also in the full text of the Q3 results" Good spot SeaTank ... just read full results on the Seplat Website ... was wondering why they were cut short on LSE.

Presumably an admin error somewhere.

Gross profits up 90% is some profit warning ……. ;)

I looked a couple of days ago for the Q3 results on Seplat Calendar … and nothing I could see … so looks like they just updated the web site.

Topped up a few this morning …. Good to see £ clawing back some gains on the back of Sunak bring appointed. Truss was some scapegoat ….

Came across this posted today:

"Seplat Energy Plc on behalf of the NNPL/Seplat Joint Venture intends to carry out PRODUCTION FACILITIES MECHANICAL MODIFICATION AND PIPELINE CONSTRUCTION SERVICES IN OML (53) to handle the increased crude oil production and ensure integrity of the asset."

"The Board of Directors will meet to discuss its Q3 2022 Financial Results, we wish to state the meeting details as follows:

Date: Tuesday, 25th October 2022"

I thought Thursday but thanks for the reminder SeaTank ...

Minimal affects of floods .... update on Exxon with a timing for any court case, with the oil price doing its own thing for the bottom line.

Revenues of $750 M for 9 months?

I'm not so convinced dividends will rise .... if the Exxon deal falls through, I'm sure Seplat will start looking elsewhere, and start investing in renewables.

"Nearly all AT ALGO trades again today. "

Switched it on about 18 months ago was it?

I was making a packet with this share flipping from 50-65-50-65p before that.

;)