Fawkandles Posted December 5, 2010 Author Share Posted December 5, 2010 tomorrow morning i will have half a house deposit, or a puny savings attempt. wish me luck! Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 6, 2010 Author Share Posted December 6, 2010 ? XEL need more time, they aren't DES when they post their RNS don't think it will be rushed. BTW good call on getting out of DES. They found Water in the Falklands apparently, aren't they clever! Hey DES BOD, you don't need to drill to find water, DUUUHH!! lol i'm just glad I jumped off that boat in time. Shame for holders. Horrible management. Experts in dust - wet or dry drust! Yeah I was early with my XEL excitement. the price suggests news is iminent though. I keep saying to myself "it can't higher than this pre-results" then it goes up another 5-10p! Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted December 6, 2010 Share Posted December 6, 2010 OUCH!!!! DES WAY down today. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 6, 2010 Author Share Posted December 6, 2010 I kind of didnt mind the high market cap when they had about 6 drill slots on the acreage, but now theyre screwed. Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted December 6, 2010 Share Posted December 6, 2010 Sort of OT as not oilies, but I hope ANGM pulls through - and REALLY wish I'd bought Ortac and BMR when I had the chance. Some people seem to have ruined themselves through DES.... starting to feel nervous about ANGM now as 5% of fund in there alone. Refuse to pull out before any sort of news, whether good or bad. AIM stocks so risky - think I'm going to stick to bigger players from now on. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 6, 2010 Author Share Posted December 6, 2010 I have a whopping 4 holdings, all risky aim oillies. If you have time to monitor them its fine, and you get early entries. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 6, 2010 Author Share Posted December 6, 2010 XEL had a wobbly finish. A lot of nervous PIs i reckon. If i got in this late i would probably be shaking a bit tbh. Surely theyve finished pumping the gloop, so i reckon theyre doing analysis of some sort. They said the first week of december, so wednesday at the latest? Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 6, 2010 Author Share Posted December 6, 2010 Yeah i read some iii stuff, but they work themselves into a frenzy on there. The board has been spot on in terms of doing what they say they will, so believe that the testing will be finished on time. The dip was just short termers hoping for an rns that never came, so pulled out. Imho. All the signs suggest this oil is flowable, and a few days of weather delay is nothing start panicking about. I WAS concerned about delays causing problems but turns out they can have the rig up to the end of the month if they wish. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 6, 2010 Author Share Posted December 6, 2010 The money that left after 2pm will largely buy back in whenever they think (good) results are due imho. Unless others sliced profits at the same time. Not fussed either way, cos after flow results i wont care if the old price was 330p or 250p. (Assuming good results). As with many of these rumour orgies, it makes no difference to me because my strategy is the same for both contingencies. Will get up early for the 7am rns tomorrow again, hopefully! Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 7, 2010 Author Share Posted December 7, 2010 Just read the "everythings okay" rns. Nice one xel The bit that says "test completion" is poorly worded though imo. Could cause confusion. I assume it means chill out and wait 3 days. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 13, 2010 Author Share Posted December 13, 2010 Hi I notice the price has been having a wobble today on no news? Long term holder so not fussed. Hopefully I will have the same attitude to BPC in months to come (when I'm actually in profit...) Quote Link to comment Share on other sites More sharing options...
Shroud Posted December 13, 2010 Share Posted December 13, 2010 You pair have got me on the edge of my seat reading this Keep it up, and by the way, what's an FA? May I also ask you what you two started with investment wise? Currently have a Barclays market master account but not had a play for a long time. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 I dont get what the panic is about. Boat was at the rig for about 3 days then went. This is fine for a flow test in the time available. The boat doesnt need to be there during the pressure building bit, is my understanding. Keep calm carry on. I dont think there will be an rns this morning given the above, but got up to check just in case. Regarding my "sa attitude" i have no idea what this means Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 You pair have got me on the edge of my seat reading this Keep it up, and by the way, what's an FA? May I also ask you what you two started with investment wise? Currently have a Barclays market master account but not had a play for a long time. hi I also use a marketmaster. 12 quid per trade is fine. So what if others offer it for a tenner, barclays have good service this particular share is available in a shares isa, well worth filling one of these. I started investing in summer. 4k put in. Worth 8k ish already 1400 quid in this share. Im not a big deal but like researching these things even for my small fry investments Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 Oh! You realise barclays charge you if dont make a trade in your marketmaster account?! You need a trade per quarter i think, or per 'period' whatever that means. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 I see AVN have a contract win this morning, that's one of yours isn't it. Sold last week. They dont react to news much anyway, just slow trend up. Too slow for me so put money elsewhere. 22% profit iirc, schwipe! Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 No I said FA attitude, a Fundamental Analysis attitude to the Stock Market, i.e. not being bothered about short term price movements or changes, it's not a criticism just an observation. Regarding price drop, nothing to worry about yet, as it's hit the resistance line on the chart roughly, but I'm holding off buying any more just yet. Rumours are circulating on iii, but put it down to people talking rubbish. No new RNS giving update yet on flow rate or progress. Ah see what you mean. I generally buy on fundamentals knowing ill be holding for a few months or more, but trying to use technicals for timing. In this share i have used nothing but fundamentals, which havent changed. I wont lie though, its been scary the last few weeks. The could make a series of 24 about this share! Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 ROFL at that iii poster! If in doubt, phone up the tanker lol Panic over?!?! Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 I hope this is the real deal. Also getting Xcited !!1! Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 Thing is, XEL won't have to release the flow results RNS until they have actually finished, as in done the bit where they stop pumping and let the pressure build. My understanding from that Gramacho chap is that this can take longer than the flow period itself, so another couple of days minimum? In the meantime the price will continue going nuts in all directions. I will continue to watch this with xcitement - better than any cinema ticket! Quote Link to comment Share on other sites More sharing options...
Shroud Posted December 14, 2010 Share Posted December 14, 2010 (edited) Oh! You realise barclays charge you if dont make a trade in your marketmaster account?! You need a trade per quarter i think, or per 'period' whatever that means. Cant say I have ever noticed a deduction? But I had the account unfunded. Good luck on the XEL trades guys, bit rich for my blood that one, Just noticed this with relation to BPC Bahamas Petroleum Co (BPC) Director name: Mr Alan R Burns Amount sold: 10,000,000 @ 6.98p Value: £698,000 Although cant find a date for it,Anything to worry about Edited December 14, 2010 by Shroud Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 Cant say I have ever noticed a deduction? But I had the account unfunded. Good luck on the XEL trades guys, bit rich for my blood that one, Just noticed this with relation to BPC Bahamas Petroleum Co (BPC) Director name: Mr Alan R Burns Amount sold: 10,000,000 @ 6.98p Value: £698,000 Although cant find a date for it,Anything to worry about See the share price graph for an idea of when it was. I looked into this before investing and concluded that it wasn't a big deal given that the share price didn't react negatively, and I think he HAD to sell some due a divorce settlement or something. You in BPC? If not then the current price is pretty good IMHO (DYOR!). I bought on this dip but too high i retrospect. I asked myself what I thought the price would be, conservatively, in 9 months, and concluded 25p. Quote Link to comment Share on other sites More sharing options...
Shroud Posted December 14, 2010 Share Posted December 14, 2010 Yes but only a cheeky punt at the moment as I continue to look. Working full time I cant watch continuously so will have to play the long game. Gives me time to research more Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 An upward punt I hope! I also work full time .... Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted December 14, 2010 Author Share Posted December 14, 2010 You got tinternet access at your place then? my phone does Quote Link to comment Share on other sites More sharing options...
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