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Good finish sentiment is returning and with it volume, nice breakout of range today. Overhang looks done or on fumes. Moving much better now, had a crack at 0.07 today, expect that to be taken out now and a bigger move in the coming sessions.
Back with BOIL now. Overhang looks completely gone. Should steadily rise now. So much news ahead:
🔷️Technical Site Survey
🔷️Rig Contract
🔷️Farm-Out
🔷️Further Board Apts
🔷️Environmentals
🔷️Rig Mobilisation
🔷️Well Spud
🔷️Flow test result
Hehe true enough. Tbh it's a sign the train is about to leave the station, the force with the idiots grows stronger when they haven't positioned and are about to be locked out.
Well TL Gov have taken a paying interest now VT, to me that is a clear signal of intent they will be open to a FPSO option if a major is. There will be no inter government lag with Chuditch where one exists with Sunrise.
What by pointing out factual upcoming news and the disconnect in valuation to sector peers?
Cope better.
Finally looking free to move
News due:
💥Technical Site Survey
💥Rig Contract
💥Farm-Out
💥Further Board Appointments
💥Environmentals
💥Well Mobilisation
💥Well Spud
💥Flow result
£15 mc | £6.5m cash | +5TCF | Sector peers £60m+ | Risked Valuation £150m (0.595) | Success case $683m (3p)
Here's the link to that presentation. Looks like our rig could be the Valaris 247 then:
https://www.facebook.com/share/Qx9A79xrzqhiduK4/
Likely is the Valaris 247. A TL Government presentation was uploaded on facebook by one of there staffers and it has Sundagas aka Baron slotted in for Q4.
Keep an eye out for a Rig Contract imminently after the Technical Site Survey comes back due this month.
Bigger buys starting to land now. We're only in first gear still, wait until it starts to shift, it'll be doing a billion or more a day in volume. It's a retail favourite with a massive following and shouldn't be trading below £50m mc, the other side of 0.20, just to be somewhere close to fair value and on parity with sector peers. Sentiment is turning, we're fully cashed up, theres a new ceo with further board appointments to come and rafts of operational news due.
Nice 30m buy at 0.599 marked as a sell. ASK now 0.0612
The stock is fundamentally undervalued, we know that just from the TL governments paying interest i.e $8.5m for 20%, Barons entire mc is just £15m right now with £6.5m of that covered in cash. So the whole Chuditch PSC is only in there for circa £8.5m which isn't right on any metric for a multi tcf asset when it should be trading the other side of £50m compared to sector peers. That disconnect needs to close. There's an immense amount of news sign posted to spark a rerate and we know the risked valuation on a 30% farm-down values us at £150m (0.595). We should be trading the other side of £50m right now just to be on parity with the sector.
Yes, looking very strong from a technical perspective now as well. Should steadily break out.
Week 15 @BaronOilplc once again takes "Top Volume" spot #BOIL 690.28 million #WatchList 🧐
📈50-day line at 0.065 @ZaksTradersCafe looking for up to 0.08 over the next week or two.
https://twitter.com/Share_Talk/status/1777416185946001462?t=6_gEI6wu8xQZcysh8oxqAA&s=19