Soco Share Discussion Threads

[emptyend] 14/10/2016 08:34

keith95,My understanding from a month or two ago is that payment of amounts due from the first half of the year is expected sometime in the next 4-6 weeks with the remaining balances being paid as they fall due. Personally I would be surprised if they get the whole lot in the cash balances by the end of the year, but I'd expect over $40mn to have arrived by end Dec.

[buywell3] 14/10/2016 00:35

Those that believe countries that have said they will cut production

Are mugs

Wrong footing going on at the moment

[keith95] 13/10/2016 23:11

"Cash inflow of $52.7m expected in 2H from Daqing Oilfield Limited Company, a subsidiary of PetroChina Co. Ltd., for the subsequent payment amount on our former Mongolian asset"


From recent results, I saw note of this back in April this year - if/when it is announced I would not like to be short.

[keith95] 13/10/2016 16:30

..... SOCO is victim of the HFT algos .... level II is all over the place with small trades ...

... fairly big seller today .... in anycase so MMs with a load to shift ... oil spiking up nicely though, for now.

[nigelpm] 13/10/2016 15:50

It does seem odd I would agree. Got sterling dollar at 1.22. oil comfortably back over 50 bucks. Will be strong cash flows at these levels and yet there isn't any interest in the shares.

[ed 123] 13/10/2016 14:55

Imo, Soco is a high risk share to hold. All of its production in one country, most of its production from one field, and no agreement on that main field regarding forward development.

The additional, commodity and currency risks, have been moving in Soco's favour recently. Some have used this strength to sell.

I hope there's no bad news but, if there is, would anyone be surprised?

[keith95] 13/10/2016 14:54

Morning star has this fair value at 145 ... so I know which whose opinion I prefer.

[invisage] 13/10/2016 14:51

This should be less than £1 tet doing a discounted cash flow model nigel. You will see. Imo

[nigelpm] 13/10/2016 14:45

Have to admit this now makes very little sense unless something untoward is going on in background. Terrible performance vs other oil shares.

[invisage] 11/10/2016 12:09

GENL is a better bet than SOCO no stamp duty to pay buying GENL

[invisage] 11/10/2016 09:38

NaPriced inMove from 130p to 150pStop ramping ee

[invisage] 10/10/2016 15:26

YepI've been buying oilies not interested in Soco though.I like GENL

[emptyend] 10/10/2016 15:21

Brent heading for $54....

[invisage] 05/10/2016 08:20

JD. On a tear.......1% rises per day will do thanks.It's a fantastic business.

[invisage] 04/10/2016 13:41

TRI by far one of my biggest winners today. Up almost 8%So many of my stocks up 2% plus today.

[invisage] 04/10/2016 09:04

Wow my portfolio yay

[linton5] 04/10/2016 08:24

Your right up inside yer en airse mate,go and buy yerself and ice cream 🖕

[emptyend] 03/10/2016 20:43

Oil around $51 tonight. I guess the Russia/Syria/US politics are contributing.

Could get messy for anyone silly enough to have put on a short post the OPEC meeting.....

[invisage] 03/10/2016 18:28

Speak for yourself. I don't need any advise from anyone.

[linton5] 03/10/2016 18:26

Be patient mate,it will come good

[invisage] 03/10/2016 15:51

My portfolio hitting all time new highs today along with the FTSE whilst Soco languished near all time lows.

[droil46] 03/10/2016 10:55

Fine, did not want to go any further ta.

[flyinghorse1] 03/10/2016 10:45

I would also add that you can choke control wells for many reasons-Gas management,water coning,Sand production,back out of lesser wells in the system etc.

I also have worked offshore in production/production management for many years and whilst the nirvana is dry oil on open choke,no free gas to worry about,and no system pressure choke points in reality most oil fields need control to some degree to maintain stable operation conditions,meet export spec and keep uptime as high as possible.

FH