Chariot Share Discussion Threads

[swanvesta] 18/3/2021 13:47

I'm not sure what someone like Adonis Pouroulis, supposed pumper-in-chief, would gain considering his relatively small salary at Chariot?

[hsfinch] 18/3/2021 07:52

Ive posted about many oil stocks coz i don't like the way they operate. Managing news flows to pump the share price Over-rewarding management and staff whilst destroying shareholder value. And more. And it aint just the companies. These stocks are magnets for rampers who can move the share price with puffs and modest buys. Ive run into this stock, looked at it hard and dont like what i see. Bottom line here is that a small discovery in deepwater offshore Morocco aint going to happen any time soon. It was hard enough before the energy transition bandwagon started rolling. Now its harder. Punters can find better value at Cheltenham.

[invisage] 17/3/2021 18:44

33K DOW another new high..

Breaks your long term trendline ando

[888icb] 17/3/2021 17:13

The posters on this bb can see straight through your very poor deramping. It was not a press release it was an RNS announcing a Memorandum of Understanding which ticks another box towards implementation of the project.
Back to your day job any winners?

[t0pgrader] 17/3/2021 16:25

Are you deramping, short or just an impecunious troll? Any which way you are a loser.

[hsfinch] 17/3/2021 11:55

That was a meaningless press release. Of course the government is supportive. They issued the license to cogl. And a state company has a stake. But raising the money needs a lot more than words of comfort from politicians. A three bagger is like a 3-1 horse at Cheltenham. Likely a favourite. And a better bet than cogl. Imo.

[888icb] 17/3/2021 11:22

The project has the full support of the Government who are very keen to have CHAR’s gas so while you can’t see a market the Government can. So you just stick to your day job on your sofa watching horse racing and let the company tell us what’s happening.

Moroccan Government Support for Value Accretive Gas Development

Chariot Oil & Gas Limited (AIM: CHAR), the Africa focused transition energy company, is pleased to announce that it has signed a Memorandum of Understanding ("MOU") along with its partner the Office National des Hydrocarbures et des Mines ("ONHYM") with the Ministry of Industry, Trade and Green and Digital Economy ("Ministry") in Morocco (the "Parties"). The MOU relates to the Ministry's support of Chariot and ONHYM's Anchois Gas Development project as a potential provider of significant gas to the Moroccan gas market.

The MOU states that the Ministry will support the Anchois Gas Development to enhance job creation, regional integration through the development of strategic infrastructure and the promotion of clean and competitive energy for consumption by the Moroccan industrial sector. This reflects the Ministry's active promotion of the use of natural gas extracted in Morocco to help the Kingdom of Morocco meet its key national strategy of industrial development, the decarbonisation of its economy, diversification of the energy mix and the reduction of its dependence on imported fuels.

The Parties will forthwith progress discussions with the view to signing further agreements with the Ministry or other Moroccan authorities to implement the Anchois Gas Development

[fillipe] 17/3/2021 10:43

There's still a longstanding 31p target price remaining in place for CHAR.

f

[hsfinch] 17/3/2021 10:27

Yes but they can get cheap gas from Algeria and from onshore fields in Morocco. And renewables are bound to build. Im not seeing a market for costly offshore gas. You might be right but don't bet the house on it. Better odds are available at Cheltenham!

[ride daice] 17/3/2021 07:59

Morocco is a net natural gas importer, and its production is much less than domestic consumption. Morocco produced 3.1 billion cubic feet (Bcf) in 2018, and the country consumed 44 Bcf.

[hsfinch] 16/3/2021 20:14

Aint gonna happen. Problem is they wanna produce deepwater offshore gas in Morocco. Who's gonna buy it in large enough quantities? Only one possibility...power stations. Trouble is they use coal or oil. Gas fired stations have long term agreements with others. So its gonna take ages to agree sales. And nobody's gonna provide finance without those sales agreements. Its a chick n egg thing. That's why partners will be hard to find. And that's why news to date has been almost meaningless. Mark my words...its gonna take a long time. And don't forget the competition...solar and cheaper onshore gas. Don't bet your house on it.

[888icb] 16/3/2021 09:15

We are now in the 3rd week with out news since the CFO stated directly and confidently that the company was now entering into a heavy news flow period over many aspects. The last 2 RNS having been in quick succession on 22/2 and 2/3. If heavy news flow is to be maintained we should perhaps expect further news very soon. The share price has been in a holding pattern around 10p and some news to get it moving north again would be good.

[invisage] 15/3/2021 20:07

Another record close on the DOW

[invisage] 14/3/2021 20:53

For years, I have been studying the implications of a new high in the A-D Line and what comes next for the overall stock market. The short version of the story is that when the A-D Line makes a new high, it offers some degree of immunity from a bear market. Generally speaking, a new A-D Line high tells us that the worst we should expect is a roughly 10% pullback. Corrections of just 3%-5% are more common when liquidity is plentiful.

[invisage] 14/3/2021 20:52

Another New A-D Line High





Hard to be bearish to be honest....

[andonis] 13/3/2021 03:22

free stock charts from uk.advfn.com

[andonis] 13/3/2021 03:22

Looks gold is to risen gold chest!

[andonis] 13/3/2021 03:20

free stock charts from uk.advfn.com

[chestnuts] 12/3/2021 23:56

Today is one of those cycle days in gold its 87.12 yrs from 1934.08 this was when the usa revalued gold from 20.67 to $35 and its 860 days to my target date in 2023.55

[invisage] 12/3/2021 20:41

DOW makes another new high....breaks your 32,620 trendline Ando

DOW and markets going higher..

[invisage] 11/3/2021 19:50

DOW is heading to 37k