Bahamas Petroleum Share Discussion Threads

[datait2] 12/4/2019 12:42

Lack of Liquidity

Exacerbating this phenomena is the lack of new funds disillusioned investors are willing to pump into offside positions they have been tied into for the last 18 months.

This lack of liquidity itself is to the detriment of many AIM stocks.

AIM stocks do not enjoy the level of coverage from investment banks that main market shares do. This means that there is a void of fresh buyers to invest on the back of a note from their broker that would provide beaten up main market stocks with some buyers.

The lack of buyers creates a situation where prices drift as investors throw in the towel, fed up with continual declines in share prices.

This only discourages other investors, creating a sluggishly slow snowball effect.

[datait2] 12/4/2019 12:41

Extended Downtrends

One explanation for the peculiar price action in AIM stocks is that investors, who have long been sitting in losing positions, rush for the exit on the first sign of any positivity pushing prices back down.

As many stocks have been stuck is such long term downtrends, a positive update is seen by the overwhelming majority as an opportunity to cut their losses.

It’s the classic ‘I’ll get out on the next rally’.

The problem is, if everyone has the same plan a downside bias is created.

[datait2] 12/4/2019 12:41

Stock Spikes

A company has just had a brilliant RNS release, the long awaited approval or contract is finally here, the share price rallies sharply – only to just as quickly tumble back down.

These spikes occur all too often to companies listed on London’s AIM market. Similar to ‘pump and dump’ scams, these spikes draw unsuspecting investors in to sharply rallying stocks, that swiftly reverse, leaving many with loss making positions.

Very rarely do you see such pronounced chart patterns in FTSE 350 companies, typically strong results lead to analyst re-ratings and a continual trend higher. Of course there are bouts of profit taking along the way but these tend to be mere blips.

[globalspecialist] 12/4/2019 12:37

Stock about to explode to 30p on Monday if deal announced in my view.

[dynamohum] 12/4/2019 12:20

Geology. . .
Environment. . .
Lack of government commitment . . . Same as always they realy don't want an oil biz . .

[bigsi2] 12/4/2019 12:15

Whopps- there has been plenty of cash around for some time, year after year there has been no urgency to snap up BPCs prospect. you have to ask why

[whoppy] 12/4/2019 12:05

Chevron buying Anadarko for $33Bn. Plenty of cash held by majors to do deals by the looks of it.

[whoppy] 12/4/2019 12:01

the3for2, I have enough as it is. Just riding the shares now. But I would certainly have bought earlier this week as it was clear to me there was going to be some action with all the chunky buys the last few days.

[oiht] 12/4/2019 11:56

Another outbreak of irrational exuberance! This is the share that just keeps on giving.

[gismo] 12/4/2019 11:47

Well I picked up a few early on

[the3for2] 12/4/2019 11:40

Does that mean you may pick up a few more Whoppy ?

[gismo] 12/4/2019 11:28

JakNife needs glasses. Morning whoopy, yes looking positive

[whoppy] 12/4/2019 11:22

Cup and handle forming on the chart. Intraday chart also shows this. Signs are obvious for those that can see.

[whoppy] 12/4/2019 11:12

BOR also in play with their farmout. Majors are on the hunt for new projects and large conventional oil. Offshore is in vogue again. BOR and BPC both in play. Could be buyouts if major wants it that much, due to size.

[jungmana] 12/4/2019 11:09

This company has in the last 8 years delivered zilch for shareholders. All she did was give an opportunity for a few clever folks to spend all winter in paradise. Good trading though

[bigsi2] 12/4/2019 10:59

whatever your opinions of the company and its prospects BPC -no question it continues to remain an excellent trading stock.

[apfindley] 12/4/2019 10:54

Utter tosh.So they're going to be bigger than shell, eni, and Exxon.Wow.

[globalspecialist] 12/4/2019 10:52

I expect a commercial agreement with a major issue n very favourable terms imminently. Shares to express life 1000s of percent in my view. Adding more here.

[apfindley] 12/4/2019 10:52

PumpedDumping in progress.

[globalspecialist] 12/4/2019 10:51

Buyers everywhere in my view. Those out of the stock are now in panic mode and trying to get in. Enjoy the move up as we go into the weekend in my opinion.

[whoppy] 12/4/2019 10:51

Looks like we are in final stages of a commercial agreement with a major. Sign off today / weekend, before Easter holidays.

[globalspecialist] 12/4/2019 10:49

500p is only the start - if they hit the top of the range and find 28bn barrels we should 5000p or £50 a share. I am thinking of bidding for Duke of Westminster property portfolio in Mayfair. With the remainder of my profits I will buy Bahamas and Alaska.

[globalspecialist] 12/4/2019 10:47

Bid up again. Millions are being bought for Monday in my view. No one who wants to make a few bars can afford to be out of the stock over the weekend. 4p by the close in my view.

[gismo] 12/4/2019 10:46

Nice million buy