28/11/2015 14:54:30 Cookie Policy Free Membership Login

Lgo Energy Share Chat - LGO

Share Name Share Symbol Market Type Share ISIN Share Description
LGO Energy LSE:LGO London Ordinary Share GB00B1TWX932 ORD 0.05P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 0.53 0.50 0.55 0.58 0.48 0.53 19,009,413 16:22:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 9.2 -5.1 -0.2 - 16.03

LGO Energy Share Discussion Threads

Showing 71151 to 71164 of 71175 messages
Post New Message
Chat Pages: 2847  2846  2845  2844  2843  2842  2841  2840  2839  2838  2837  2836  >>
Ritson hasn't done as well as you might think nevik2,he had 200m 1p options that he never exercised as far as I know. I think NR genuinely believed that the C-sands would be a mega winner for LGO,as did us all!12bn
Ritson might be a mug but he's done well out of lgo. The real mugs are us that paid for it all.nevik2
They just want the field developed and oil produced. They really don't care about us shareholders. If an indirect effect of their trying to achieve their aims is saving some of our bacon, that's great, but what we are really depending on is the BoD's interests being aligned with ours (so that we are not first up against the wall). Time will tell - we have 3 months to see what emerges from the USA and we have to hope that WTI recovers a bit in the meantime.rossannan
But he's not tweeting how many shares he has, apparently.rossannan
From emilyt16 Today 15:02 ------------------------------------- DL Tweet.....Back the Asset david lenigas ‏@DavidLenigas @categoryx when the shorts stop their games the sentiment usually does return. Back the asset not the short term swings.david lenigas ‏@DavidLenigasnexus7
This British Bank Is Backing The Bullish Case For Oil … Barclays is bullish on oil Barclays is one of the very few financial institutions that is actually predicting oil prices to increase in 2016 despite the recent slump and worsening supply glut. As per Barclay’s corporate banking team, oil prices would increase mostly because of doubling of global oil demand from 2.1 million barrels a day to almost 4 million barrels a day. "There is no doubt that the UK North Sea oil and gas industry is under pressure right now but we do feel that signs of relief are there, and the forecast for $60 oil in 2016 with oil demand growth above trend again is encouraging," said the head of Barclay’s Corporate banking team… Http://oilprice.com/Energy/Oil-Prices/This-British-Bank-Is-Backing-The-Bullish-Case-For-Oil.htmlnexus7
I am not "in denial". Your right there is no cash available at current IPSC agreement rates for any more wells. If they convert to an exploration agreement everyone will throw cash at them. 805 MILLION BARRELS even at high depletion rates is worth investing in once you get rid of the absurd IPSCtaxibabe
i suppose if PETROTRIN and Trinidad want to be vindictive they can say "the agreement we signed at $100 oil holds. My guess is they wont want to wipe LGO out. There will be give, question is how much?taxibabe
rossnann the IPSC regime makes no sense at current poo prices. Its hot air and surely they know it. Why are LGO shares only half a penny ? Its obvious that it has to be renogotiated, if NOT WITH LGO, then with another player. No-one is going to extract oil at GOUDRON for $12 dollars a barrel and have another 678 happen to them. No one is going to drill oil at these current depletion rates unless they get to keep most of the money. Surely everyone in the room realises that.taxibabe
$The 75k is to allow 3 months grace to allow LGO to restart one or more of its wells via workeover and make up some of the losses of 678. It is also to allow the american fund houses to bring in a strategic investor or placing to reduce debt. It has nothing to do with the cash position or at least very little. I believe that the Government there will wish LGO to carry on and produce oil and drill and therefore will need to do something; how much is the key. From our perspective a straight conversion away from an IPSC, which given the oil price is impractical, to a oil exploration agreement is the best outcome. Lesser options include raising the terms of each barrel extracted from say $12 dollars to say $24 dollars at current prices. Alternative is as you say LGO go bust, and they then have to find someone else to do it, and an IPSC will not be acceptable to them either at current prices.taxibabe
dafrogTax breaks maybe, but I would be really surprised if they renegotiated any of their IPSCs.rossannan
I do. I fully expect them to do something.dafrog
TGIt's more about what WTI does over our 3 month grace period - whether it firms up enough to allow us to get a deal away. There's currently a very negative consensus on the price of oil, which I find strangely encouraging. Against that, there is no doubt that U.S. Shale has proved more resilient than anyone expected.rossannan
your assuming that the Trinidad and Tobago gov dont step and alter the IPSC 12BN. Cant see them wanting this poster child of their oil production rennaissance to go undertaxibabe
Chat Pages: 2847  2846  2845  2844  2843  2842  2841  2840  2839  2838  2837  2836  >>

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 151128 14:54