This space is reserved for loglorry to introduce himself.
We have some quite dramatic drops today in the Oil and Gas sector providing some bargain values (depending on your point of view) for many stocks. On my watch list, I have:Europa Oil & Gas (LON:EOG) is down 10% (after a big fall yesterday) to 27.5p. It is looking very likely that West Firby will come online around about expectations putting Core NAV around the…
This blog has been setup for general discussion of many different oil and gas companies similar to the TMF thread here http://boards.fool.co.uk/oil-gas-companies-50029.aspx. The thread is intended for general market gossip and chat on a variety of subjects which are perhaps not suitable for the company specific blogs that already exist. For example comparing two oil companies which have similar assets. The thread/blog welcomes light hearted…
Following the recent rights issue I belive there are now 2.1Bn shares in issue and the share price is now 25p. Thought I'd do a bit of finger in the air arithmetic to see if the shares at this price are worth buying. Turnover has never really been a problem for DSGi and stands at a whopping £8.1bn but obviously they need to make a…
So we now have the incredible situation of 27bn shares in lloyds in issue! Lloyds have sacrificed shareholder value to aquire HBOS because it gives them huge market share only to find that EU competition regulation mean they might not be able to exploit this monopoly.Blank has gone (or is going) which I suppose is a good thing but no doubt he'll get a big…
Re: CUP - this is a fascinating situation. I do some work in the same City as CUP for another internet company. Our HQ is less than a mile away from their's and I know the company quite well. The rebuff today was quite good but I'm not that convinced by the business model in an area which is very very competitive. It could be…
Don't know MailChimp well but there are plenty of similar products out there many of which are free or near free. For example "mail list controller". Email marketing is almost useless however unless you have a very good email list. Email in general a very bad way to communicate with customers in my view.
Yep I think Bowleven looks cheaper on a price per contingent bbl and much more chance of some liquids there too. I know not really comparing like with like though. Also there is a lot of gas in Kurdistan which could get unlocked quite quickly via a Turkish pipeline. That could put a lot of pressure on European gas prices and thus pressure on LNG.…
The big question here is why the rights issue. vs farm down? Och-Ziff and Mittal obviously sold prior to rights to raise funds so they could take up rights issue. They could have just wanted to keep high % interest as they have great belief in assets but more likely they couldn't convince a major to farm-in on reasonable terms. If the latter then one…
The argument that a 2% divi would be way to stingy applies now too though doesn't it and yet the current dividend is 0%. The problem with a large dividend is it's a hostage to fortune that no board ever wants to commit to. Dividends should be maintained or increased and so setting off with a large chunk of cash flow is never a good…
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