The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The reason I've always thought Block XX might be delayed is because they were always planning to drill so late in the season ...Q3 or early Q4. When have PM ever done anything ahead of schedule? So even to mention Q4 sent up red flag.
Here we are starting 5th week drilling and SP the lowest it's been in 6 months. Who woulda thunk it ? And, as usual we are waiting, waiting for an RNS re Block XX. I always said it would not be drilled this year and looking more likely by the day. They said they were making progress 6 months ago to source a rig - what's taking so long. And who knows what's for the future - if these 2 wells are dusters and no further drilling this year with another possible placing for new prospects identified next year........bargain basement prices coming up.
Dozzawba, there are all kinds of predictions posted here if you want. It's impossible to predict as too many factors involved. Just be assured that you're not going to see increases as are posted here in the fairytale BB. Stick with a 10 bagger not a 110 bagger.
Ojay, You are surely living in Aim fantasy land .......Petro Matad going up 11,000 % . Maybe we can all start looking at yachts to dock at our private Caribbean island that we flew into on our private jet after leaving our holiday villa in St. Tropez and stopping at our penthouse on Park Avenue to arrange for the Rolls Royce to be shipped.
oneruleforone, That the best response you can give ? I'll ask again - give me an example of one contribution you have made to this board. All you do is rear your ugly head when someone who is not of the "In Matad I trust, MB is wonderful, share price is going to rocket, LTH true Matador club" posts. Some posters ( Fundraiser and SM 123 to name a few ) are willing to go out on a limb and give their thoughts on what could possibly happen - unlike you and Olay and others who bash in response but offer nothing.
As was your cultivated reply to Fundraiser "hopefully their mgmt decisions will ultimately screw you". Bitter, bitter. 14 June 2018: "I disagree with the sub 10p prediction". LOL- read your posts - you do tend to get confused.
Positive vibes, If you had listened to Fundraiser you could have bought today at 8.96 .....not the10.68 you paid ha ha. And probably buy for 8 on Wed. Fundraiser has called this correctly since the placing. As for the idiots on the PM rah rah squad - all they have offered is the usual "looking for a lower entry" and "negative basher". Nothing remotely useful. As for Ojay, the saintly LTH and useless idiot, your prediction that this wouldn't go below 10p was wrong as usual.
Okay, Why is it a failed strategy to sell at a profit ? I sold some before the RNS 14 May and made 50 % profit - better than sitting on an investment and watching the price drop. I've still got plenty in case they drill and actually hit oil.
I concur. Makes perfect sense - rather than the magical thinking of some posters on here who believe that if they say enough times that the SP is going to rise it will happen. I said before that Matad were not going to go for broke on drilling 4 wells this year and then left with no capital. I figured they would only manage to drill 2 and then raise money. Unfortunately this placing had killed any pre spud rise.
Yes agree jonrico, good post. I also find well balanced posts by Captain Stanley ( who also is very polite ) and Bishand and Justscott ( both not as polite haha but a lot of it is defensive ). If you're not a "Matador" rah rah team here opinions are not permitted.