RE: Undervalued1 Feb 2022 11:31
Without wishing to put too much of a damper on things, Seplat is not really a gas play save at low gas prices because of the fixed contract it holds with Nigerian government - as my understanding, but from next year there will be I assume, the possibility for Seplat to export gas at international prices that will help the bottom line if this proves to be the case. I'm happy to be wrong .... but I assume that this is why Seplat books most of its profits from oil sales.
Meanwhile, the 15,524 sell trade on level II that was left over from a 5.00am placing a few days ago at 100p arrived this morning at 7:50 am .. so I'm assuming Mr Hedgie reads this BB ....
... but nicely in profit since starting a buyback mid july ....
GLA