Cluff Natural Resources Share Discussion Threads

[limited access] 13/12/2017 17:56

Ah...you're back. Shame you couldn't buy...it was quite easy at 1.75/1.76 a few days ago. If it drops back again I may add...but it seems to have stabilised at this level for now and may push on tomorrow. I'm no sage, but I'm happy with what I hold, and happy to trade a few on the side. Good luck Unreal....you need it.

[therealdeal5] 13/12/2017 17:27

I couldn't buy in any large amount today! Kept wanting to go to neg trade

[therealdeal5] 13/12/2017 17:27

Always after the rise or fall, never says it before he buys or sells!

[doshdabbler] 13/12/2017 16:58

Fair enough LA. Nice to see buying into the close. It's often the opposite

[limited access] 13/12/2017 16:24

Yeah...that was a while back....I may have done, but only the same small amount of around 100k shares that I would have added at 1.5/1.6. Of course if I had held until 2.1/2.2 I would have made a bit more....but its only dabbling....

[doshdabbler] 13/12/2017 16:11

But you were also going to sell a bunch at 1.75-1.80p before it went to 2.13p according to your post on Lse.

[limited access] 13/12/2017 16:05

It would.....but this has been going from 1.7 to 2.15. The 100k I bought at 1.75 from some I sold at 2.13. Just keeping a bit of turnover whilst waiting. Doesn’t always work but the last few weeks have....GLA!

[doshdabbler] 13/12/2017 15:51

It was obviously a sell. Thanks for clearing that up, although surely it would be wiser to keep your trading pot in a liquid share with a decent spread rather than dipping in and out here

[limited access] 13/12/2017 15:46

I sold 100k for 1.915 not long after the open...then bought into UKOG below 3.5 and sold for 3.75. Just the same small £2k worth I’ve been dabbling with.....my main holding remains untouched. I don’t want to be out of this...

[anley] 13/12/2017 14:24

A 100,000 deal was shown as a SALE this morning when it was a BUY.

I have had a long conversation with my broker who told me what the rules are and we left it at that for the time being.

[clickon] 12/12/2017 16:19

Today's FT article talking about inevitable energy security questions made apparent by current supply issues.

[clickon] 12/12/2017 14:49

Hi AnleyThat's a possibility, plus gas at highest price since 2013 for one reason or another. Shows how vulnerable price is to supply issues.

[kristini2] 12/12/2017 14:01

Let's hope it's not a merger Anley

[soulsauce] 12/12/2017 13:43

You never know anley. I wish something would happen :-/

[anley] 12/12/2017 13:37

Now here is a thought..........

Chris Cox is the new CEO of Spirit Energy a new North Sea business formed by the demerger of Centrica's oil and gas assets and Bayerngas. The new company has prospective fields near CLNR so have a look at Cluffs Page 7 Corporate presentation on their site to see what I mean.

Mr Cox and Cluff's Mark Lappin also ex-Centrica should have a chat as one of CLNR areas is next door to the Pegasus field.

Just a thought.............it may be that a "spirit" is on its way.

[maytrees] 11/12/2017 13:48

Some large trades now reported which appear to be buys.

[anley] 11/12/2017 13:37

TURBO,,,,,,its difficult to fool the market and me and I hope the others who post on this BB.

I think we should take Allenby figure of 12p per share based on all the costs of Farm-&-Outs plus all the other costs.

Then we should discount that and for me I look for a price based on todays gas prices of about 10p. That may be generous as the market is still not convinced even after we get a push towards the 2p mark.

I do hope you are right but I would love to explore your figures on the BB page.

[doshdabbler] 11/12/2017 13:08

SOU has 1bn shares, so mad Malcy reckons 1TCF would add £1.5bn to the marcap. Is that right?

[clickon] 11/12/2017 12:43

Hi TurboDoes that price take into account the farm out, and the higher number of shares Cluff has in issue. Also is that on a farm out or successful drill. In the last corporate presentation CNR appeared to be suggesting a share price of 47p on a successful drill?As always DYOR

[turbonutter] 11/12/2017 12:34

Malcysblog 8/12/17 - hxxp://www.malcysblog.com/2017/12/oil-price-sound-echo-coro-zenith-energy-empyrean-finally/

"CFO JJ Traynor went down well with optimistic news that for every 1 TCF of gas in the portfolio the shares could add £1.50, news shareholders lapped up."

At the above calculation 2.4TCF = share price £3.60.
Let be irrationally over conservative with that figure, and reduce the £1.50 ten times,
2.4TCF at £0.15 per 1TCF = share price of 36p - still an 18 bagger from todays 1.9p.

[soulsauce] 11/12/2017 11:34

Threatening to break into the 2s again let's see where it finishes.

[kristini2] 08/12/2017 17:44

-i've been sitting on my hands since the IPO- what's another 6 months

[doshdabbler] 08/12/2017 16:52

What do the new licences have to do with farming out P2248 and P2252?