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Finally a good day!!

Hopefully Canada start mopping up at these crazy prices.

Strange SP has fallen….year on year results were very good. Once Canada comes in hopefully see an up kick…..impairment is important to clean the books but does not hit Cashflow it impacts the balance sheet value and SP reflected this.

With the guidance very achievable (expect to overachieve) this is a star for 2024.

GLA

I thought oil accounted for majority of profit not rev.

Gas still big on the Rev line which is why selling gas acreage could be seen as negative.

Let’s hope it’s a good announcement. Every time seems they announce the shares drop.

Just lost the credibility and with serenity still a risk of being a money pit good news around this is essential.

UT trade bringing it down.

Having said that hopefully not some issue with year end accounting. Given last year we had no CFO it has been a worry around their financial management.

Feels like they are struggling to grow the pie organically……bit of worry why would they sell when gas is at the lowest prices and surely not a good return…..makes sense to prioritise so hope the price is sensible.

I agree something must be in the pipeline and I expect it’s on the positive side otherwise as people

are saying what is Majid doing all day….There is a solid core at the mid 8’s and then people dipping in and out between 9-11.

Desperately need some new ii’s otherwise we will keep playing ping pong.

I think they are working on something positive personally. Good entry price for newbies.

Seems they have been cleaning up a few elements in preparation for something during Q4-Q1 like the ESG report out of nowhere and cleaning up their reserves.

Thanks Tony all great points and I agree a special dividend is unlikely and not well spent but this “special meeting” got me thinking.

In terms of U Turns as you say the Dividend last year, then saying they would not want to dilute equity for shareholders (or slightly if a good prospect becomes available) then set up an employee share scheme which does just that, maybe U Turn is the wrong wording but there is often a slight of hand.

I doubt they will buyback after Major has said a number of times he does not see the benefit. Maybe this will allow a special dividend however which was mentioned previously outside of the normal quarterly dividend cycle if they feel viable.

Having said that there is always one consistent mgt say one thing then do a U Turn.

Let’s hope it’s good news and not around some equity dilution which would need a special resolution from memory.

Fingers crossed!

Extended windfall tax till 2029 which was expected.

Seeing a kick up today with oil up a couple of %.

Modest rise today folks but at least a rise and hopefully we will see new money coming in soon.

Been low for a few weeks now despite oil rising….hoping to see a bit of momentum coming out of Q1 and ISA allowances allowing new investment for 2024 even in the 11’s stock is undervalued……

GGG I seem to remember that they said 2024 was going to focus on Oil and as such I am hoping the ratio of gas to oil reduces in their budget. This would improve our earnings vs 23 which is critical.

Tony great information thanks a lot for all the effort really appreciated.

Have bought more at these levels and will be reinvesting tomorrow the dividend so hope to see us back to mid 9’s especially if oil stay at the current level.

Nice end to the day this. Been watching for a while and average is 48 after taking some hits.

This will be rocketing into next week as news spreads so good luck all. Even at these prices now it’s looking good value especially as funding will be very likely approved on this result.

I get it’s a difficult one to give guidance. Very volatile prices at the moment and given relatively low prices will be showing year on year declines. How to put a positive spin on external factors and need China to show growth.

Need volume to increase and earnings to be the same or better with the efficiencies cited last year on cost reductions.

Significantly undervalue currently so should see some upwards movement back end of this week.

Bargain at these prices.

Have a Happy Christmas folks! Let’s hope this comes back to pre June levels soon🙏