Not copied and pasted or dictated by Heid :0)14 Apr 2022 16:14
Over the years, UJO has been a stock that has been heavily traded, had leaks that allowed certain entities to profit and destroy confidence in the management and done absolutely nothing to return any value for long term shareholders.
However, you look at it now, things have at last turned in favour of new investors and, with a little patience, long termers.
There is no doubt in my mind that with the substantial revenues coming in, the company will announce a dividend. This is far more logical and beneficial for the share price. It will create institutional interest, it will encourage investors to cling on to their shares.
Wressle is no doubt holding a lot more news. Pen*stone and Wingfield Flags, more gas and oil, gas sales alone worth 100's of 1000's of dollars weekly. People say Wressle will not be worth a pound on its own? I beg to differ and as this licence is developed, it WILL be the jewel in the crown for the JV partners in my opinion.
Biscathorpe planning will almost certainly be passed this time around. The inspectorate (if it gets that far) will see this the same as he did Wressle. It's of national importance. The greens are back footing now, everything is in the operators favour.
What with West Newton, well, if that produces the gas they think it will, the SP will be in excess of a pound thats for sure.
Patience is definitely going to pay now, the SP will not be stuck at 30p for long and once it starts moving and the positive news flow comes out, 60/70p and up to a pound is nailed on.