Member Info for toroil

The 40M is for an appraisal drill, not a production drill. Production drilling will require separate funding

Strange there has been no market reaction to this weeks news (positive or negative) - only one trade in Dublin today (worth €130) and about 20K in London. This is starting to look like an unlisted company already.

LOL -Now we know why retail punters were the only buyers for the last two days - lambs to the slaughter.

Strange that there has been absolutely no interest in the stock since the funding RNS - all of the trades in both the UK and Irish markets have been small retail transactions - not even one significant buy in either market. I guess investors need full details on both the funding plan and what Goodman expects in return.

Still showing tiny volumes in Dublin - about €16K value in total. The largest trade was for €9.5K so there's nobody buying except retail at present.

The market cap is about €50M and Goodman is willing to pony up €40M just for the appraisal drill - something tells me he will soon own a lot more than 9% of BEY. It would also make sense for BEY to merge with Lansdowne instead of having two publicly listed micro caps chasing the same opportunity. My guess is a takeover/merger followed by privatization with a Goodman led consortium owning the lot - probably not the best result for existing shareholders.

I thought that this news would have generated some investor interest but so far only 11K worth of stock has traded in Dublin (total of 8 trades). It looks like only retail punters are trading the stock. I wonder at this stage if they might just decide to privatize the company as it seems like two or three major players effectively own it now.

The daily volumes on any stock usually give the first indication when something is about to happen i.e. volume precedes price and price precedes news - the current volumes on BEY are negligible so it's unlikely anything is up.

The Irish Daily Mail is reporting today that Eamon Ryan may lose the energy part of his portfolio in the upcoming re-shuffle

Barclays and Morgan Stanley both dropping their DCC targets today

Down 9% today - this company really needs an activist investor to get in there and drive some re-structuring. There is a lot of potential value that could be extracted here.

The SF angle seems to be to continue using existing oil/gas sources during the transition to renewable energy but they oppose any new fossil fuel infrastructure development

Sinn Fein are totally opposed to fossil fuel exploration. They make this perfectly clear in their energy policy documentation and in their contributions to energy debates in the Dail e.g.
hXXXs://www.agriland.ie/farming-news/tds-vote-against-new-oil-and-gas-exploration-in-ireland/

Their title is a bit of a misnomer as the article is simply just a recap of what DECC are looking for from BEY.

I don't think that the people who call this good news are deliberately misleading in order to exit, they just want to keep believing that their investment in this venture will somehow come good. Many are probably long term holders who have kept doubling down over the years and have sunk a lot of money into the dream.

There really is no other word to describe this decades long nonsense.

I suppose they have not much else to do at present but come up with new names - at this stage they should just rename it the "Hail Mary Oil Company"!

Cantor Fitzgerald lowered their price target to £65. Most brokers price targets for DCC over the last few years have been disconnected from the general market de-rating. Seems they are now starting to adjust to match the realities.

Reading the RNS it looks like TS is trying to put a positive spin on this - i.e. aren't we great deciding to liquidate this fund- positive return since 2014 etc..
If I learned anything from this dog of a fund it's that active management rarely works despite the big names with their (supposedly) superior insights and angles . Much better to stick to index trackers and a few individual large caps.

Greta Thunberg might be interested - after all PVR have shown remarkable ability to avoid anything related to fossil fuel extraction over the last decade.