Sovereign Oilfield Share Discussion Threads

[superchip] 23/10/2009 11:05

Thanks PB......

[pbracken] 23/10/2009 10:32

SOGP is not a traders' stock, superchip (notwithstanding the recent spike). The spread is a disater and liquidity is often dreadful.

It remains touch and go for SOGP, imo. The debt is still too large in relation to revenues, so that's where the management (presumably) is focusing its efforts. If it can get the debt down to reasonable levels and if trading continues to improve, it will enjoy a considerable re-rating. But those are big 'ifs', which is why the share price is in the gutter.

Definitely worth a look, but high risk nevertheless.

[superchip] 23/10/2009 10:01

OK, I'll turn off the lights !

[superchip] 23/10/2009 09:41

A seller -just what we need !

[superchip] 22/10/2009 10:14

Well it isn't trades !

[quraishim] 21/10/2009 21:29

well there is something in the air

[josels] 21/10/2009 08:37

do we neeed a rns to justify this price increase?

[quraishim] 20/10/2009 22:41

Oilfield-Services Firms To Gain From Rush To Complete Wells

By Jason Womack
Of DOW JONES NEWSWIRES


HOUSTON -(Dow Jones)- A backlog of uncompleted natural gas wells could prove to be a boon for oilfield-services companies -- and help keep natural gas prices down should demand for the fuel improve.

[2kostas] 20/10/2009 19:42

Oil firms provide some cheer. Oil and gas exploration company Sterling Energy has finally sold off its US business for an initial $90m after initially putting it up for sale in April 2008. Meanwhile, shares in Petroceltic surged after the company said a post-fracture stimulation had substantially increased the flow rate at its AT-1 well. Completing the triumvirate of oil companies issuing good news,

[quraishim] 20/10/2009 19:10

tuh! tuh!......sour grapes u missed lot of boats.......before it started saling.

[quraishim] 20/10/2009 18:43

21smithy....believe me on positive rns this will fly to 40/50p

smithy do u hold any....tell u what i hold...mta, her,pyc, cad,brm, sogp,rrl.....go on those board...check if I am ramp

[ayesha4] 20/10/2009 18:34

Holding 50k overnight. reckon it will go up 2moz

[quraishim] 20/10/2009 18:28

placed 14.3m shares at 140p to value the business at over £20m.
The group's shares started trading at 171.5p a piece before hitting 175p by midday, a whopping 25% up on the issue price.
The funds will be used to repay £680,000 of existing loans and outstanding liabilities, it said, while £3.46m will be used to boost the group's existing working capital facilities and pay for future acquisition.

This is how much they have faalen the last two years..........

This was two years ago

[squintyflinty] 20/10/2009 18:23

I visualise this being marked down significantly in the morning.

[wisteria2] 20/10/2009 16:29

moved up for close !! Wonder whats on the books for tommorow?

[2whisteblower] 20/10/2009 16:25

QURAISHIM Something happening at EME !!

[quraishim] 20/10/2009 16:24

well small buys are adding to recovery of todays high...definately mm are aware of news in the pipeline

[induna123] 20/10/2009 15:58

If were wearing badges with our usernames on then I guess thereseacher should be pretty easy to recognise. He'll be covered in head to toe.