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SEPL - I posted there yesterday that it should move on POO and macro tailwinds. Today up 7p.
Plus there’s a treble divi due soon.
Been one of my tips from below 100p that one and I hold a wedge.
Ready to test 200p soon me thinks. Balance sheet is excellent way more cash than debt, new pipelines come on in q4.
Also have chance of divestment from Exxon which when signed off should put sp well into 200p.
The Nigerian listing is 40% more expensive than shty London! And the fx has been flat!
It’s been a sensible downside v upside risk play esp with oil prices hitting the profits instantly.
There are only a few of us that post regularly there. We like the yield and the metrics. Still a buy.
Usual caveats
Trek
Looks like the POO penny has dropped, I guess that’s a start!
Trek
Ya can change your name to something even more stupid but it doesn’t matter!
Problem they will have is customers want to be associated with rising stars so they will not renew contracts if the sp is under further pressure.
They got a lot to do. Sell and look to buy back cheaper if you like the risk. Traders only imo.
Usual caveats
Trek
Excellent report that would put many majors to shame with its transparency and proactive approach to emissions
Usual caveats
Trek
POO just has to be a factor the market will wake up to soon.
Not just driven by ME tensions but also now Ukraine being able to strike deep into Russia.
Russia don’t have the air defences to cover all their assets. Once some of these targets are taken off line then the pipes freeze and have to be re-drilled. That all takes time esp in Russia.
India and China will have to fill the gaps from elsewhere and OPEC have the taps cracked shut atm!
On a macro basis rates are coming down so economies will turn as USD pulls back.
Short of all out conflict the case for oil is quite bullish atm and SEPl are in a political and geographical sweet spot!
Ironically this narrative is being echoed in the gold price driving to knew highs!
SP here makes no sense atm. It’ll have to correct soon!
Usual caveats
Trek
VRS - 0.11p! Unbelievable!
I bought them for 13p and sold most at +150p rest at +80p. Hold and hug seldom pays with the tiddlers!
Trek
Mine are in an ISA with ii and divi there is paid in gbp.
Trek
Shorts reduced +8% , some insti’s buying….
https://www.marketbeat.com/instant-alerts/nyse-dec-options-data-report-2024-04-02/
Trek
2 x £160k buys, 2x 200k shares at 80p.
There have been other 200k buys as well.
Should be hinting at something!
This one is lagging peers atm.
Usual caveats
Trek
HL are the slowest at paying divi’s. They banked the bank holiday interest using investors cash who now have to pay more to reinvest divi into Dec.
It’s been called out here all the time.
ii similar in scale not perfect but miles better on payments.
BArc don’t even go there! Aweful!
Usual caveats
Trek
Well done! About time some good news due.
Tro will be happy!
Trek
Citadel reducing, Gladstone gonna burn!
Trek
All back in now av up to 888.
Quiet here today. lol!
Trek
DEC 12 bucks now stateside! Could be shorts closing and divi buyers. I put my divi in today half at 900p and half at 927 doh! Pushed me up to around 888 now.
Phnx 550 still got legs imo.
Mng xd today I am still blue after! Sweet.
Ecor - investor ppt today. I will watch it later.
Upl … good move today
Hzm…. RIP with similar death narrative to sxx!
Road .. mm I researched it looked good. Down lots on sod all vol! Will stick around for now. I only have a small position for fun as they could sell more assets and bag.
Within the next couple of weeks. TXP ….News gotta be soon! That could be worth it!
Standard… putting boot in on London still. Well it’s a London paper!
https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-financial-centre-city-exchange-lseg-fse-100-b1147995.html
That’s all folks…Back to do it all again! lol!
Usual caveats
Trek
Good luck there Tro, they may get 60 boepd when it’s cleaned up!
The sp will probably double but you won’t be able to sell a bean as the MM will close the sell books to offload the rest of the placing stock to any buyers.
Just like at he1. Few could sell on the big spikes up until the mm’s had cleared their desks!
A good entry point but don’t get stuck in there mate!
Usual caveats
Trek
Put half my divi in at 900p. With ii.
Kept half thinking it may go lower next week…. Now look at it go! Doh!
Funds are there to invest but they are not cleared funds for cash transfer!
Bring on the blockchain eh! I mean it’s ridiculous having to wait for cash clearance nowadays!
Trek
I think you mean 47/48.
If that goes 42p is a touch point.
If that goes it’s like 22p
That’s lower than the 30p ish I paid during lockdown!
Funny how these stocks come back to their lows. I sold most of mine at 200p and the last at 130p. Gosh did I get some stick!
Same old poster there clinging to their ‘warheads’ now and it may come good! But it’s usually a good move to at least take your stake out and chuck it in a boring divi payer so you get paid to wait!
Usual caveats
Trek
What’s the balance sheet like? They funded?
Upl nearly drill ready and funded + JV.
Are Coro same or gonna get diluted. 5m mcap usually means sd all cash.
I looked briefly. They only have an MOU for 50% funds. That’s not cash. GSA is 15% that’s not operatorship.
They will likely do well but timing is everything. Watch it do 50% now. lol!
GL
Usual caveats
Trek
13.5p divi 13.3p drop.
Last time I seem to recall the drop was way higher than the divi but it did claw its way back/
Of course it would be different this time as I was going to add a few after the divi!
Keep guessing eh!
Usual caveats
Trek
He1 near 5% spread. You can see it’s real if you look at the 1 day chart on google finance. Up and down with every trade.
MM doesn’t want the stock imo. Yet some folk are still buying. It’s going below a penny and looks like some PI’s just can’t help themselves as a the end of the month cash burns a hole in their pocket!
Just wait or worse if FOMO got ya set yourself buy price levels and average in slowly. That way at least you can stay in touch with the sp. Also sell some if there is a spike and recycle back in lower.
Alternatively if it’s a punt it shouldn’t matter.
Usual caveats
Trek