Member Info for Wigwammer

Here is the other response to Geordie from 24th. What 2020 bonds, Geordie? Await your response :)

“Geordie - fair enough, but one crucial factual error. They do not need to refinance their bonds until 2022 - they have more time than you suggest. Furthermore, you miss a whole variety of positives, for example... they have a substantial cash position, they are generating high levels of operating cash flow, they have 400m boe of reserves and one of the largest prospective resource bases in the area, they can currently buy back their debt at a fraction of book value, they have Goldman Sachs working on optimising the strategy going forward etc etc ... ATB :)“

What 2020 bonds?

Quite right sharebel. I sense a few shorters from lower down are changing their minds :)

Doesn’t sound like a company going under to me. Next 18 months will be exciting if they can pull off a result .. :) “We are reviewing the reports and will look to factor them in when determining the 2020 drilling programme ..“

All this needs to fly is one decent result.. “Well 361 drilling complete and testing commenced”

“This will allow us to strip more LPG from our raw gas than we can today, leading to better margins. GTU3 will also help us to further optimise operational costs at field site with one control room managing the entire field. This step brings us closer to completing a unique set of world class infrastructure in the pre-Caspian basin in North West Kazakhstan."

I missed out an important word... Thanks for conceding that you were (allegedly) buying while encouraging others to sell at the lows. Clearly, if you know the situation is as grave as you suggest then (allegedly) buying the stock back makes zero sense at all. Good weekend to all :)

Thanks for conceding that you were buying while encouraging others to sell at the lows. Clearly, if you know the situation is as grave as you suggest then buying the stock back makes zero sense at all. ATB :)

I agree phoebus. It is about managing your position. Some leveraged positions go under, but there are many examples of leveraged investments that work positively - AAZ, EIG, PHTM etc etc. All 10 baggers+ off the lows. Simply repeating that the debts are high and encouraging others to capitulate at the lows is not my idea of effective position management :)

Dear oh dear.. poor old nickel has got himself into a right old mess. Telling posters to do one thing while doing the opposite himself (allegedly) .. :)

Nickel - your advice was to sell at the lows, not buy. Here’s a quick reminder below... 8 pence! :)

Nickel_Investor
Posted in: NOG
Posts: 4,364
Price: 8.00
No Opinion
RE: Going bust because of the debt11 Oct 2019 08:06
It’s a case of getting out , grabbing what you can salvage before the inevitable

Quite right Phoebus - huge short squeeze as nervous shorters struggled to unwind positions. They are are right to be nervous. There is no cap on the amount a short position here could lose if Goldman’s convince the market there is a way through :)

The answers have been given, numerous times. Even Berenberg target a positive npv and 25p target. Is the repetition bot not happy with their answer either? :)

Probably another small production decline, but perhaps the first feedback from the review. Possible items 1) completed commissioning of GTU3 .. 2) asset reports, including from schlumberger, driving drilling plans in proven areas 3) acquisition of further exploration areas 4) potential purchasing in of debt at a discount to reduce leverage 5) further efficiencies. Goldman’s won’t be aiming to help the shorts :)

Did nickel REALLY write this at 8p? Poor call but he doesn’t have the humility to acknowledge and learn :)

Nickel_Investor
Posted in: NOG
Posts: 4,364
Price: 8.00
No Opinion
RE: Going bust because of the debt11 Oct 2019 08:06
It’s a case of getting out , grabbing what you can salvage before the inevitable

Fxpo management cut the div by 75% in 2015 after top line fell 40% from peak. It’s a volatile and high fixed cost business which regularly and unexpectedly dumps on holders. Long term it goes nowhere and short term is susceptible to economic correction. 1x ev:sales is not attractive for this uncertainty. Caution urged. ATB.

That’s been my experience, chilston. You answer his qn and he responds by repeating it. It doesn’t appear there’s much else in his locker, nor has there been since 8 pence. Anyone interested in the story please scroll down to my posts over the last 6 weeks or check out ADVFN. ATB :)

Chilston ... bang on and my suspicions exactly :) ... ” is this what they pay you to do in Liverpool street? dont worry... its thursday.... you get to visit the wine bar after work.”

“ The silence on this matter is deafening..”.. Actually, silence would be a wonderful thing. Give it a go. I am. The discussion has been had on these pages and advfn for all to read if they choose. Don’t stay here all agitated and let it ruin your day. ATB :)

Geordie - forgot to mention the small matter of full ownership of a $2.1bn infrastructure hub planted in the centre of a massive hydrocarbon belt :)