Share Name Share Symbol Market Type Share ISIN Share Description
Soco International LSE:SIA London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +1.32% 153.25p 152.50p 153.00p 153.50p 149.50p 150.75p 97,263.00 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 145.8 5.6 -7.0 - 508.72

Soco Share Discussion Threads

Showing 23726 to 23748 of 23750 messages
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DateSubjectAuthorDiscuss
18/1/2017
21:30
Simply following the wave pattern with some adjustment for events, greyingsurfer. :-) The lows of August 2015, January 2016 and June 2016 were around 120p. November's low was higher - about 129p (anticipating a helpful move by OPEC?). The shares look to be heading down again, imo. Oil price has moved up since the last low but appears to have plateaued for now, so looking for a higher low but down a bit further from today, maybe 140p? Additionally, the lateness of the FFDP is becoming more of a concern, so knock, say, 5p off = target 135p. Edited (with thanks to Flyinghorse1). Any thoughts on why the FFDP is taking so long?
ed 123
18/1/2017
15:47
'll call the bottom of this wave at 135pIs that a "call" (if so what's the reasoning) or just a bit pointless guessing?
greyingsurfer
18/1/2017
15:36
While things are quiet, any guesses as to how low this wave of Soco's share price will go? It's dipped from about 162p to about 150p so far. I'll call the bottom of this wave at 135p. Bets are off of course, if that Full Field Development Plan gets approved. Where are we now? Ah yes, Q1 2016. Anyone remember this .... The revised Full Field Development Plan (“FFDP”) is expected to be submitted for approval in Q1 2016. It's taken from Soco's rns of 26th January 2016. How time flies! :-O
ed 123
15/1/2017
21:46
.....also of passing interest on the same topic:http://www.ercequipoise.com/erce-attending-2017-oil-gas-council-asia-pacific-assembly/
emptyend
15/1/2017
21:39
Big conference in Singapore this week, with Antony Maris making an appearance in a session aimed at discussing where to find value in SE Asia:http://www.oilandgascouncil.com/event/asia-pacific/agenda....would be a good time to have some news out (even though, for the most likely news items, the timing isn't under SOCO's control)
emptyend
14/1/2017
11:38
Wholly logical, Steve. The main difficulty with stock selection at present (perhaps more so than usual, due to lower activity levels across the sector) is predicting the time and nature of events that are unconnected to published drilling plans or to the oil price. In SOCO's case that would include timing of the FFDP agreement. In PMO's it would mainly be the covenant deal with their bankers. But with TLW, how many saw the disposal to Total coming? Corporate deals are always the wild card.
emptyend
14/1/2017
02:50
I sold my relatively small holding last week which I'd bought in the June dip, for no other reason than I wanted to use the cash elsewhere (GCL - Uranium play), and I preferred to keep my riskier oil plays (ENQ, IAE, PMO, and TLW) even though they had all made much larger gains than Soco, and retained BP & Shell (which incidentally had also made better gains mainly due to GBP weakness post Brexit) principally for the more dependable dividends. I'll probably come back in here (again provided the share price doesn't rise too far too fast), once I free up some funds from elsewhere, as I do agree that it has more potential once the future investment direction is clarified.
steve73
13/1/2017
17:25
Clearly the "best" short term punts would be those companies highly gearted to POO -i e those with massive debts,reasonable/rising production such as PMO/TLW which offer the best "bang for ones buck" on any POO move.One hopes it heads upwards!! For a more defensive bent, a decent yielder and/or absent debt is the home of those taking a longer term view one suspects. Personally i suspect many of us are mix & matching - a bit of both. They say never SELL SHELL, but having bought sub 1300p on the dip I am mightily tempted..If only I'd bought more!!!! Still smarting from those Kurdish plays.
fangorn2
13/1/2017
17:11
Emptyend. Just to clarify, there was no personal attack from me. I put a question to you, viz: Wilfully looking in the wrong direction? As I'm sure you know, the point I was making was that the really important company specific matter for Soco just now is the content of that FFDP. The oil price will do what it does and is less important for Soco than for (almost?) any other oil company. Hence to talk about the oil price at this time seemed to me to be bordering on obtuse. Moving on, I genuinely hope my concerns about the FFDP prove to have been wrong. It would be good to see Soco's share price head up again, with exciting plans for the future. For me, atm however, there is too much resting on this long delayed agreement. I hope you have a good weekend and soon get the news you want.
ed 123
13/1/2017
16:27
Nothing missed then. There's nothing "wilful" about it. This is the SOCO board on which relevant items can be posted. Oil prices are plainly relevant.Nobody (least of all me!!!!) has argued that there are no interesting punts elsewhere .....or that SOCO is definitively superior to others. But it still suits me in terms of the risk mix and relative safety compared to most others in the sector - and I'm sure I'm not alone in that view. So why the personal attack?As for the substantive points, I'm expecting answers to them anytime soon. In the past that might have been referred to as "imminent". Generally people don't bale out of stocks where news may be both good and imminent, though of course there are no guarantees.And I'd add that Fidelity also have the choice of the whole sector and bought in the 140-165p range. But I guess they don't know what they're doing either? ;-)
emptyend
13/1/2017
14:31
Ed in fact said this: "Emptyend. Wilfully looking in the wrong direction? Oil price? For the oil price bulls, there are far better punts than Soco. For those who don't want to lose money, why risk holding when a key event is on the horizon? There's no guarantee that holders will be happy with the TGT FFDP. How many years till Soco's TGT licence expires? How much oil will still be recoverable at TGT when that happens? Why would the government agree to giving away now that which will be theirs for the waiting?"
patdavey
13/1/2017
13:38
Re extension, that is nothing to do with the partners - it is down to the Government.I've no idea what Ed has been saying, by the way, as he's still filtered.It isn't surprising that the market seems to feel there are better speculative homes for their cash, fh1, but that doesn't mean the market will be proven right. Certainly Fidelity seem to have taken the opposite view in 2016
emptyend
13/1/2017
13:01
I see nothing in the partners behaviour to soco that leads me to believe they will just give us an extension now, but I hope to be surprised. I'd settle for the fdp (finally) and another interim payment re mongolia, also looking forward to expo news on the new blocks, K
kenobi
13/1/2017
12:16
Most of us here are interested in and hold various oil stocks and have been re balancing portfolios so more than likley putting money into other oil and gas stocks(I am),but SOCO is a core holding. I take Ed123's point (as well as a dig,and there could be many reasons for that) is that new money (ie invested at current pricing) that could come into SOCO is going elsewhere right now. EE has also stated this in many previous posts with other oil & gas companies having more liquidity (and risk). That demonstrates the fluid nature of this business and money will ebb and flow between stocks with the opportunity with people jumping from RNS to RNS. I don't know but expect the license extensions may be an exercisable right closer to the end period and will form part of the JOA T&C. Now is the correct time to be in TGT -the plateau /bulk of reserves extraction,not the tail end. FH
flyinghorse1
13/1/2017
11:34
Ed I'm interested in your comment - 'far better punts than Soco' - what do you have in mind ?
yasrub
13/1/2017
08:57
Emptyend. Wilfully looking in the wrong direction? Oil price? For the oil price bulls, there are far better punts than Soco. For those who don't want to lose money, why risk holding when a key event is on the horizon? There's no guarantee that holders will be happy with the TGT FFDP. How many years till Soco's TGT licence expires? How much oil will still be recoverable at TGT when that happens? Why would the government agree to giving away now that which will be theirs for the waiting?
ed 123
12/1/2017
15:09
#SaudiArabia #oil production drops below 10m b/d, says minister Saudi Oil Output Drops Under OPEC Quota Close to Two-Year Low It had agreed to cut 486,000 barrels a day to 10.058 million barrels a day as part of a global deal to reduce output to curb a supply glut hTTps://www.bloomberg.com/news/articles/2017-01-12/opec-boss-sees-producers-deciding-in-may-if-more-oil-cuts-needed
fangorn2
12/1/2017
14:17
Bloomberg TV reporting that Saudi output now close to 2 year low and perhaps headed under 10mn bopd in the coming months, which hasn't been seen since 2003.....
emptyend
09/1/2017
15:31
Hi Kenobi. Post 19052, "... it was all agreed in December ..." Imo, it would be safer to rely on official communications to the market, eg.rns on 7 November 2016, "Final submission to the Vietnamese Government is expected after the upcoming Management Committee meetings next week." It seems it was all agreed, probably, in the first week of November. Seven weeks and running to get government approval. Also, I'd be wary of, "...but an agreement would be non-negative." There is no guarantee of this. How would the market react if the FFDP had no more ambitious aim than to maintain TGT output at about 10kboe/day? Anyway, double top here at just over 160p. For myself, I'd hold off any buying until I'd read that FFDP.
ed 123
06/1/2017
16:54
Also "imminent" is the PSA for 125/6.... which has been agreed but not yet translated and signed. Maybe next week? ;-)
emptyend
06/1/2017
09:35
My guess is this month. I understand that it was all agreed in December and has to be translated into Vietnamese for the Government approval. No idea what it contains though - but an agreement would be non-negative. I do wonder, though, whether a licence extension may be in prospect, given the haitus of recent years.
emptyend
06/1/2017
09:27
Any idea when the fdp might be signed off ? and what is in the fdp ? I guess it'll be 10-12 wells over the next 12 months or so ? hopefully there will be agreement re shutdowns and optimising production, with any luck the fpso will become a bottleneck again ! K
kenobi
03/1/2017
22:09
Yes...could go either way. But Trump won't let himself be rolled over as Obama did. He might well be out-manouvred, of course......but he wouldn't be the first to suffer that fate with Putin.
emptyend
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