Wellstream Share Discussion Threads

[finess] 22/1/2010 10:21

Eisler

Me too, opened a tradefair bet yesterday, I still keep asking why.

Is it the MM or what

[fayde] 21/1/2010 11:33

Got this in my sights too, trading it mainly on the chart as the pattern is quite predictable, 490-550 as you say Eisler good for a modest 10% return if you time it right certainly beats interest rates the banks are offering on cash so worth a punt!

[eisler] 20/1/2010 22:31

Getting close - love it when a plan comes together!

[eisler] 15/1/2010 22:24

I have been in and out 6 or 7 times over the last 12 months taking a margin of 30-50p between the 490-550 trading range. The key is not being greedy, taking profits and being patient.

[ly3l] 15/1/2010 12:06

All invested, dump your stock, bring it back down to 4.8/9 :)

Does anyone else follow other stocks like this?

[eisler] 14/1/2010 11:14

Mmmmm - nice! Come on baby - back to 490/500! :-)

[cwavecrest] 13/1/2010 17:30

Straddles

I have made that mistake before!
Sold half my holding at £5.71p and hope to buy back when it falls to around £4.80p again.

[staddles] 12/1/2010 14:03

Should have sold at 577p, once again I paid attention to the speculative rubbish spouted on this board. From now on I carve my own path!

[ceckyspunt] 07/1/2010 10:50

160 in brazil, 0 in UK...

i expect this one trick pony to diversify, at least thats what i would be doing!

[mr.oz] 07/1/2010 07:43

Board's outlook remains the same... which wasn't too encouraging previously

[phillis] 07/1/2010 07:11

Backlog has reduced from 300+ through 215 now down to 160

This makes forward projections a little more difficult!

[staddles] 05/1/2010 17:02

Tailed off again tommorrow will be key or we can just expect another swing downwards. All hot air and speculation so far.

[ceckyspunt] 05/1/2010 12:21

it is entirely feasible that there is an Indian link to wellstream, since the Indians are able to trade directly with the Iranian oil companies... someone posted here before xmas suggesting that WSM were involved in dealings with iran, and i suspect that wont be popular in certain circles...

[ceckyspunt] 05/1/2010 12:14

In 2009, ONGC discovered a massive oil field, with up to 1 billion barrel reserves of heavy crude, in the Persian Gulf off the coast of Iran. Additionally, ONGC also signed a deal with Iran to invest US$3 billion to extract 1.1 billion cubic feet of natural gas from the Farzad B gas field.

[sharw] 05/1/2010 12:00

From market reports for yesterday:

Telegraph:

"Wellstream International, an oilfield services provider, rose 52½ to 577½p on renewed speculation it is being targeted by potential bidders".

FT:

"Wellstream jumped 9.9 per cent to 585½p amid a retread of takeover theories. Dealers also noted a trade press report that the group had been chosen for a pilot project at the Tupi oil field, potentially Brazil's largest".

[peterbill] 04/1/2010 21:17

Which Indian Oil Co?

[staddles] 04/1/2010 18:15

This level of movement on no info is either takeover or the rise before a major sell off tommorrow. If anyone has news please feel free to enlighten us.

[mr.oz] 04/1/2010 12:56

janinoosh ... any more info?

[janinoosh] 04/1/2010 10:25

indian oil co. bid in offing

[hoss4] 04/1/2010 10:14

It would certainly be interesting to know what is going on! - Anybody got any information?

[ceckyspunt] 04/1/2010 10:04

up 40p now, is someone making a move for this soon after all?

[ceckyspunt] 04/1/2010 09:47

up 31p so far today... clearly the market is interested in these, but why?

[mr.oz] 03/1/2010 14:39

seems over valued to me , nothing but "opportunities" and existing contracts to work through right now