Stockraiser, I was stupid enough to buy into the SS bull**** on the "Gatwick Gusher". As it turns out it's been rather harder than SS suggested to get the oil out of the ground. Having a larger OIP doesn't matter much if it can't be recovered. This company has yet to prove it can in meaningful quantities. I hope it does so I can recover my 94% losses!!! And by the way his remuneration package is outrageous and is certainly not pay for performance!
one of the ways yo value an oil company is to express the enterprise value divided by the flowing barrels. When there is no debt the enterprise value is the market cap. A comparison of UKOG vs UOG as an example.
UKOG £73k per flowing barrell
UOG $7.2K per flowing barrell
That means UKOG would need 3000 bopd to justify their CURRENT market cap is judged by the same metric as UOG! (I could have used other oil companies as comparator) I just don't see where thevalue / long term opportunity lies here, there may well be a spike however on good news.
GLA.
A great geologist Trice might have been but a CEO he clearly wasn't. Hopefully Hurricane can now be run as a business rather than a Geology tool kit.
Wizard, you need to go back to school, its not the number of shares that's important, rather the % of shares outstanding or the monetary value of the shares . Using your numbers:
UKOG £121k
HUR £1290k
I suspect you already know this but will use any number to advance your futile argument.
Seems you know better than the scientists in Avacta!
Invested here but have no doubts who will end up with the higher Mcap.
Have been in this share since January, 25p average. I have no intention of selling any as it could hit £5 by year end. Then there are the Clinical Trials to come in 2021, wil probably de-risk some before the trial results.
Its useless to try engaging Oilman Jim on twitter regarding his comments, I have tried and either he doesn't answer or states that its all explained in his private blog which of course requires a subscription! He has got a few calls right over the years on companies to avoid. I don't agree with him on DGOC and have tried responding looking for facts that he bases his comment on. No response.
Ragnar, I am sure you already know but in case others don't, there is ZERO WHT when DGOC is held in a SIPP and you have a W8-BEN completed and on file. I know some SIPP providers don't bother to reclaim the 15% but HL for one do.
Tymers crawl back to your UKOG money pit.
Ragnar, Couldn't agree more that this is an investment grade company. At current exchange rate its paying 11.75% dividend and as you say it looks very safe over the next few years. With more acquisitions and a favourable gas price they may increase it having set a 40% FCF dividend target. During the dip in March / April I have tripled my position. Its one of the few stocks in my dividend focussed portfolio thats actually paying a dividend this year!
Ibug, that works out at a magnificent 138 barrels per day over the 124 days in question! Do you realise that Sanderson's remuneration is taking $18.70 per barrel at this production rate. Get rid of him and yes I am invested here!
Tymers, Are you blinkered, ignore all previous disappointments with this share and somehow miraculously this will all be corrected in the future? If you have cash I am very surprised this is the best option you can come up with. Your surname wouldn't be Sandersoon would it?
Unfortunately I hhave owned this POS for several years and the only constant has been dilution, ope.rational failures and a greedy CEO. Isn't is time he was gone? I think his salary is outrageous for a 300 bpd "oil company"
Whilst the SP here languishes as a result of the current low US Natural Gas Pricing, its important to remember the extensive hedging in place over the next few years. I attach an interesting article which expects pricing to return to ~ $3 by year end as a result of the capital starvation of shale gas drillers due to low profitability. If this occurs it should permit additional hedging at higher prices. In the meantime sit back and enjoy the stonking dividends.
https://seekingalpha.com/article/4321978-natural-gas-capital-retreat-to-send-prices-50-higher