Member Info for Temple_of_Doom

“ any rationale to provide as to why I might buy here?”

I bought in at 460p before the Ukraine war worked the share hard …. Average now down to 350p having sold 359, 366, and 376 today ..

… happy to buy back 335p if and when is goes back down … providing of course China doesn’t land in Taiwan.

I recollect Marconi going up 100% in 30 minutes after Alan Sugar bought shares and then some more 10 minutes later ..... then collapsing and going bankrupt some months later.

Facts are .... SAVE and SEPL have been highly correlated for the past 8 months save the exxonmobile dealing shaving off 20p from Sepl that I have not taken the hot from becasuse I was out .... so the question is whether one wants to bet on a jam tomorrow stock (SAVE), as a British Based Business, in South East Nigeria and/or another Nigerian based business, with a 20p overnight upside in the event of the Exxon deal getting the go ahead, and a history of paying dividends in the past and the foreseeable.

So I'll stick with that I know and wish you well with SAVE.

One can be sued for stating opinion as fact I believe …

"SEPL are going down and SAVE are constantly going up"

I've been in Seplat since 50p two years ago .... with wot 18 cents dividend ... happy for a correction since I bailed late 120s ....

Remind me what the dividend is for SAVE?

:)

according to LSE .... SAVE NAV 7 cents ...

According to another site:

Net Tangible Asset Value PS * 12.86 p

So not for me thanks.

Meanwhile Seplat NAV

Net Tangible Asset Value PS * 206.87 p

SAVE NAV 7 cents? No thanks.

Shell doesn’t produce much oil in UK waters …. It’s been reducing production, so UKGOV gave Shell an incentive to invest … the losers here are small UK oil producers still struggling from 8 years of low oil prices.

Populism driving a Brexity government …crazy.

One has to take the NATO argument back to the promises made to Russia in the 1990s but not on paper …. But either way … there was mo excuse to invade Ukraine as there was no excuse to invade Afghanistan or Iraq.

There lies the problem …. and while two wrongs don’t make a right … we cannot judge in the UK given our hanging on to US coat tails.

The oil hedges at $45 with brent at $20 was why I went for Seplat not Shell at 50p … plus the dividend.

I suspect but don’t know that these hedges are a sale to government or something like that … they seem well under market price.

… I’ll be borrowing the wife’s boots also … if the exxonmobile deal gets the go-ahead ….

The wind will only be blowing in one direction …up.

"6mth / 1 yr targets for SEPL" .... 90p-180p trading range ... The windfall tax is taking oilies down and Seplat with it ... by the looks ..... although I can't see Seplat's bottom line being affected by a tax on UK oil production .... so my current target is £1 and I'll drip buy until it gets there ... and when it goes down further I'll buy in bigger loads.

Thereafter I've seen 135p from Seplat recently so I'll be clear by then, providing oil stays above $100 etc etc.

;)

I’m an impatient type so don’t like waiting … but I’ve bought back in mid 280s to where I was before … China coming out of lockdown will boost the region and shares in HFEL … the big worry is Taiwan … but with China offering an olive branch to Australia on the back of a Labour victory … fingers crossed that US/UK international disaster diplomacy Johnson style will be kept to a minimum GLA

China has a pact with Ukraine to help pretect it in the event of a Nuclear strike I believe ... Will Putin break the Budapest Memorandum? I don't think so ... difficult to argue for a Special Military Nuclear Strike.

Meanwhile, sold out of funds this morning with large BP & Shell holdings ... enjoyed a 4% rally on renewables with the windtax collapse a couple of days ago ... all eyes on Sunak this afternoon for the oil& gas sector in the UK.

Topped up another small buy this morning ..... 90p-180p trading range for Seplat?

That fixed gas revenue is for 2022 according to RNS releases .. after which Nigeria moves over to a demand/supply model ... with EU a major potential customer going forwards ...

while Q1 had $97.53 as the average realized oil price sold, and not too far off an average of spot prices for Q1.

The windfall tax will happen ... bur Shell BP. will only be taxed on UK earnings I suspect so the earnings hit will likely be minimal.

Windfall tax on wind generators?

Lose Lips Sink Ships .... a few are bailing here and more than likely whispering sales to hedge funds getting in on the act.

Fundamentally JUP is a leveraged play on the FTSE250 .... that has been sinking for about a year.

Why would Exxonmobil object to being paid more for their assets?

Seems a dumb move for the state to want to compete with Seplat.

Started to drip back in … 10% fall I didn’t take … so not too bad GLA