Member Info for toroil

Needs some posts with turbo charged emojis!!

Titanobetfred - that gave me a laugh!

All the talk about paid trolls is laughable. The bottom line is nothing has been delivered except dilution. SP didn't need any trolls to get it to this level.

I've seen this scenario play out before on so many small O&G stocks - drill/dilute, rinse and repeat.

Discount to NAV is now close to 40%, with the dividend yield over 8%. All the renewables companies seem to be getting re-rated downwards at present but this valuation seems somewhat disconnected from reality.

The market is definitely not yet assigning a correct SP here based on recent developments.

I think it's still a strong buy at £55.

GRP is now trading at almost a 25% discount to NAV. This valuation seems odd given the stock also has a high dividend yield. It's hard to believe that the higher interest rate environment of recent times could account for such a dramatic effect on the SP. I wonder if it's now a potential candidate for takeover or privatisation?

Hard to see Ryan having a road to Damascus conversion regarding Irish fossil fuel exploration but who knows. Also, the probable next SF led administration seem to be more anti fossil fuel than the current bunch. They even had a motion at their recent party conference proposing a fossil fuel rationing scheme with the allocated ration decreasing each year.

SF make their position pretty clear - they want to withdraw from the Energy Charter Treaty and what it entails - ref Darren O'Rourke:

"And here in Ireland, Lansdowne Oil and Gas plc, a partner of Barryroe Offshore Energy, is challenging the Irish government on their decision not to grant a licence which would have been inconsistent with our climate targets."

Once Larry got involved in this hapless company the writing was on the wall. He just took advantage of the opportunity provided to him by years if not decades of mismanagement. Any company that could entertain pseudo investors like spoton/apec etc. was obviously not at the races.

You've got to hand it to Larry, he's some operator. Gets the whole package/tax write-offs etc. for peanuts.

"Good man Larry " - as they used to say at the co-op meetings way back in the eighties

Berenberg cutting their target price to £65.20. This reduced target is still more than 50% higher than the current share price. Something is way out of sync here but that's been the story for years.

I can't understand the narrative about Vevan looking to fund Barryroe for some future renewable energy operation. Why not just setup a new company? Is there some value in the existing listing or the personnel? There has to be some angle here as the costs involved will be enormous. It must be dependent on some payoff for the existing BEY situation

Sounds like the OG cash cow is chugging along as expected. Would have liked some detail on the other business units but maybe the AGM will add some colour

Q1 interim statement is due on Thursday, will be interesting to see how the healthcare and tech side have performed to date this year. I'm guessing there will be no surprises in the core OG business.

Apologies for simply discussing facts that are easily verifiable. I am no troll and am invested in PRD.

I will make no further posts on the board

Wow - that's all I can say!

I'm looking forward to seeing the trading action over the next few days. Over the last few weeks it's been retail investors buying and some large holder(s) selling. The market makers seem happy enough to absorb the selling which would indicate they want to hold shares. In the next few days some real information will start to leak, before any official announcements via RNS. Any significant buy volumes (even if they are at a lower SP ) would be a very good confirmation signal.

That's one of the things I like about this company and it helped me make the decision to invest here. Far too many small O+G companies are simply employment vehicles for staff and management, going from fund raise to fund raise just to keep themselves in jobs. PG and Co. definitely believe in Predator.

And that's why the SP is 15p until we know more, - you pays your money and you takes your chance!