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LGO Energy Share Discussion Threads
Showing 62801 to 62819 of 62825 messages
|The Guardian more than half of that 22p projection is based on Cedros development. The legals are supposed to be sorted by the end of this month and assuming that to be the case and the finance is extended by the Caribbean Bank there could be news soon on that asset.
I'm speculating that there will be an appetite for Cedros drilling - BP have recently spent huge sums on their offshore wells to the south east of Goudron and we know that many like to speculate especially when the potential rewards are so salivating.I see from the recent RRL report that they believe there will be good demand for their rigs in Trinidad.|
|12bn it's you that has given encouragement to readers about future profitability because you actually published a projection based on your recently discovered $30 per barrel netbacks which indicated that LGO would make only a very small loss ( and that didn't take account of reductions in G&A NR had announced! ).
Admittedly the projection wasn't for the Interim period for which results are expected shortly but most people know that period will show a loss for reasons you and many others have highlighted - most investors here are aware of the past but look to the future - I will enjoy examining the accounts when published - will you ' bother ' as you are not invested or just cut and paste it multiple times!|
|I can't see us ever reaching 22p. Even if we were producing 2000bopd, we would just be undervalued. Too many people looking for short term gains.|
|From steveho Today 16:39
22p target reminder
THE LGO ENERGY PLC (LGO) EARNS BUY RATING FROM VSA CAPITAL
MARCH 23, 2017 ROBERT V. BOYD
VSA Capital restated their buy rating on shares of Lgo Energy PLC (LON:LGO) in a research note published on Friday. VSA Capital currently has a GBX 22 ($0.27) price objective on the stock.
Shares of Lgo Energy PLC (LON:LGO) opened at 3.111 on Friday. The stock’s market capitalization is GBX 9.12 million. The firm has a 50-day moving average of GBX 2.61 and a 200 day moving average of GBX 2.35. Lgo Energy PLC has a one year low of GBX 1.73 and a one year high of GBX 6.80.
Lgo Energy PLC Company Profile
LGO Energy plc is an oil and gas exploration, development and production company. The Company has assets in Spain and Trinidad. The Company’s geographic segments include Spain, USA, Trinidad & Tobago, St. Lucia, Cyprus and UK. In Trinidad and Tobago, the Company, through various subsidiaries, holds interests in approximately three producing fields, such as Goudron, Icacos and Bonasse.|
|TG. Well I know you guys don't like traders but I got 1 mill today and if I see a profit I will flog em as you know I got locked into a certain share and although I have made money on them it took awhile I ain't going t do that again I have a price in mind and I will dump them it's a great trading share :)|
|I like the unthinking optimism on jcgswims thread,'it will all be different this time around'. No it won't,imo. LGO will still be losing over $2m every 6 months and will still be diluting shareholders with placings. The next 6 monthly report is due in the next 8 days and I am expecting a placing before that! We shall see. :)|
|Thanks guardian and the North.Id also like to add that when we do these infill wells such as this first one in the program from my understanding it will be a 12 months payback on each well. Now back in 2000 shares rocketed because the system at the time were pricing in earnings way ahead of companies actually reaching those but just projections of many years earnings ahead. Are the shares were actually being priced on future PEWhere is now it seems there seems to be more essence on actual proof and evidence of the company reaching the figures for it to be factored into the share price.So with LGO it could also be a fact that earnings won't be priced into this first infill well until 12 months when payback becomes a factor and eventually will be added to the balance sheet. The good thing to look at is that with the infill wells these hopefully will be depleting far less than csand which I think they will. Each well will then add and build up our production figures then when we do the pilot scheme for the waterflood towards the end of the year these two factors could play an important part on the share price despite the traders, The traders will still be there and trading but hopefully in a much higher price range. So long-term investors and traders can all benefit from the high share price in time. Then eventually when we find a JV for Cedros then that should also be a catalyst as well so a good few things to look out for over the next couple of years or so. Then in amongst all of that if OPEC do you progress on further cuts that could also bolster long-term oil prices and at least give some stability on the floor of the price of oil. I do you personally think the worst is over for LGO in terms of its own financial crisis and inevitably there will be further fundraising share issues coming but for good measures where as before it was for complete survival.So all in all patience will equal positive returns and hopefully less perspiration along with it :-0|
|From LGO-fan Today 09:43
RE: Great RNSs
In addition peeps need to read RNSs and stop speculating:
When NR said he is doing recompletions to stabilise bopd, people get silly and say "Oh he means increasing" leading to silly daily "another 650bopd" posts
When NR said infill = av 45bopd, people again start posting much higher numbers, inevitably feeling disappointed when it's "only 20% higher landing at 55bopd.
The guy can't win like that, can he?
Just lets all stick to targets issued and assess each infill vs the targets.
And let's not forget that these are....infills... they are a first step towards rising stable production at lowest possible risk. But don't expect gushers here. Just a stable growing base.
Jump IMHO from Goudron will come via EOR, which is something NR has always said since 2012 if I recall correctly|
|Offerman I'd agree with all that....Far to many games being played.. you only to read LSE to see that and that's without the trading patterns... look at today.... scooped the bottom and now a reverse... the house never loses...|
|I agree offerman. To be honest, I was going to top slice a few when the RNS came out but Barclayshare wouldn't give me a quote. I watched as people sold at 3.5p downward and when the bid fell to 3.1p, they finally decided to accept my trade, which I rejected at that price. I think that they must only have contact with one broker because it's always the same.
Presumably TD Waterhouse and Hargreaves Lansdown are more accommodating.|
|The Guardian,It does seem peculiar to say the least about share price after what looked like a fairly good RNS. I think the problem is there are far more traders in this stock than long term holders thus the huge drops! I don't begrudge traders as we are all in this for one common thing and that's to make money. That is their way of making money and they are all obviously successful at it so hats off to them for it. I'm just frustrated because I wish they were all in a stock that I wasn't in. Unfortunately it seems that over the years trading has become the compulsory thing for many with shares. Back in the day during the 90s it didn't seem that prevalent but it does seem the whole way of making money on the stock market as considerably changed to the traders style. I'm just an old-fashioned far I like to try and get in on a stock hold it if it's got potential and then reap big rewards but that seems far less common now than it did back in the 90s. I still think LGO will come ( hence my remaining here , and plus the fact I'm sat on incredibly massive losses , over 90%) good but it's going to take a long time! During that time traders will always drive it lower but I think patience is really the virtue here and maybe just maybe in two years time we could reach between 10 and 15p?|
|NR needs to gain some trust & stop doing placings every two mins,I think peeps don't leave there money in case one pops up IMO!|
|The story here is simple,LGO loses over $2m every 6 months and it survives by issuing shares,everything else is just smoke n mirrors imo. The last 6 monthly report was back in late September, so another one is due this month. Do I think we will get a placing and/or Lind exercising options before the 6 monthly report? YES. Why? Because the group will probably be making MORE losses than last time,due to no income from Spain and new wells being drilled and they will want a placing away before these dire figures are in the public domain. What do I think the group production figure will be? My guess is a drop to around 400 bopd OR LESS!|
|Can anybody see the share price increasing appreciably one day? All we seem to get is sells.|
|mark 12bm is a stalker of mine,whatever he says take with a pinch of salt.|
|200k where did he get it from in the 1st place mum and daddy|
|Shame you can't read the correct netbacks then you twonk... lol|
|I have 12bm filtered, so I don't know what he is saying but note he is 12bm not me 12bn,there's always some idiot that cannot tell an 'M' from an 'N'.|