Down again CAD 34p.Sorry to hear that Morgan cant really make it out myself.A good few months ago they had a massive placing mentioned an acquisition but nothing so far not a word about anything..A certain poster insulted me here when I sold out at 63p and made a very small profit well it just shows you how clever he turned out to be.
The reason why oilies are down a tad is because inflation news tomorrow in USA and the markets are getting Into a lather that it will effect interest rates.There is plenty of news on TRADING ECONOMICS web site giving a daily report on whats going on from exchange rates to commodities
RE: Moody’s downgrades Seplat Energy11 Feb 2023 13:59
I checked that out,on the same web site it stated that EXXON had given itself time to complete the deal by end of last November ,so what happened.Yes it could well be a duff site.
Gas has dropped 80% since August which is the reason for the drop due to warmer weather,the hope is that now with Freeport open and gathering pace exports could come to the rescue at some point later this year imo
Russia is cutting back 500k on oil production from March pushing up the oil price this morning atm oil co seems the way to go.Gas could come back again maybe in the spring time but for now staying on the side lines.I was lucky bailing out here at 63p but only made a few pennies when I noticed gas prices where crashing
Good news, drilling expected to start 4th Feb after safety checks according to eagle has land on the other channel.After drilling, 10days for flows . imfo from CFO apparently