A very long and very winding road5 May 2019 16:47
Rarely post on here but read daily.
Been in here and Iron and Kazera for a long time (the last time I sold America was for over 60p) and currently well down on all three overall. Have both ISA and SIPP investments. Every time I think there’s light it seems to be a firefly!!
50.000 bpd through the OBA (3rd party revenues)
Once OBA is complete SP will react (end/reduction of expensive and dangerous trucking)
Paraguay will be the promised land
Once FARC calms down
Once in a decade weather conditions
Once big seller is gone SP will react positively quickly
Huge drop in price of oil (didn’t see that coming in the speed it did) SP follows
Recovery in oil price SP remains stubbornly low
Logic and common sense analysis just doesn’t seem to apply. I think the OBA has been the big low for me as I cannot understand how the BOD could keep communicating 50,000 bpd in good faith when that was never going to be possible. Either incompetence or deceit. However profitable AIM with solid reserves, very positive cash, solid partners, exciting drilling opportunities, successful track record
Not really whining it’s just been a very very frustrating ride. I’ve been in long enough to remember the virtual punchbag that was Elena Saratova (on iii chat) roundly vilified for suggesting price could drop as low 32.5p “waiting like a sniper!!”