First Calgary Petroleums Share Discussion Threads

[sat69] 03/12/2007 17:05

I hope they're not trying to test the £1 level - Certainly looking that way.

[bobobob5] 03/12/2007 15:50

This price, in my personal opinion, is getting silly.

[omellete] 03/12/2007 15:30

Dadair - Like I said - I tried at 117 - 116 - as there is negligeble risk BUT they whacked the spread out - 14 pence spread. Great. Not.

It was only 10 pence when it was at £2.

MM's don't want to take any chances with this.

I'm thinking of using my old CMC account to get some on the TSE. Will watch for another day or two.

[dadair] 03/12/2007 15:25

Hmm jus checked spread 110-124!!!!!!!

Maybe not worth a flutter lol.

[omellete] 03/12/2007 15:21

Also just to add, as Bobobob was pointing out on the MXP thread, FPL is a good object lesson in what can happen to a small company that tries to go it alone on a big find.

[omellete] 03/12/2007 15:18

Martin - I agree - but I think the RNS today opened the debate again.

On the face of it - today was good news as they mentioned the debt - BUT the Canadian Markets opinion is the only one that matters here - plus the MM's here whacked out the spread. I was trying to buy when it was a 117 - 116 - but no quote and then the spread was whacked out.

Also this share is heavily inside traded as per the drop on Friday.

[dadair] 03/12/2007 15:17

So simply a reaction to the announced delay in completing the convertibles?
Could be worth a little flutter at these levels.
Seems a tad overdone for what really is pretty decent news IMO.
Cheers for clarifying guys.

[martincoops] 03/12/2007 15:13

Om

This was from the release on the 15/11 as you can see there is further debt to be agreed but not through shares so this should be the end of the share issues.

[omellete] 03/12/2007 14:56

I think it was - but the RNS said otherwise.

[dadair] 03/12/2007 14:54

Om- do you know if the company was hoping to complete funding at this stage?

[omellete] 03/12/2007 14:34

Well they did not like it. But I still cannot see what was that bad - as they have announces most of the finance required will be covered.

Don't trust the Canadians. They overbuy and oversell.

[omellete] 03/12/2007 08:31

I think the thing to decide is this is:

Will the Canadians think todays news is good or bad?

You have until around 2 PM to work out the answer.

This is hard as sometimes apparently good news gets no rise and bad news gets hammered.

On the face of it - it is good - but there is statement in there, which still suggests that more money will be required later.

The MM's are only tracking the TSE price anyway - so have not really factored anything in for todays news.

Bobobob5 - What do you think?

[coldip] 03/12/2007 08:24

Can someone tell why is this stock going down every week!!! have they still got any oil?? How can a stock go from over 10 pounds to 1.20!!!!!!!!!!!

[sat69] 30/11/2007 21:02

Looks like we will open at 120p mid on Monday morning.

[martincoops] 30/11/2007 20:27

This from the bond deal

Closing is anticipated to occur on or about 28 November 2007.

Wonder if it has happened yet

[martincoops] 30/11/2007 20:05

Looks as if you were right to wait abit longer Sat69

Starting to look good for a top up soon though

[sat69] 30/11/2007 17:37

Was very close to press the BUY button today. Just couldn't get myself round to doing it. If we stay at these levels I'll be tempted next week.

[baracus61] 23/11/2007 10:55

What's wrong with the blue line? It's going in the wrong direction.

[sat69] 22/11/2007 14:40

...and the daily interest too....ouch

[baracus61] 22/11/2007 13:57

In time I'm sure we will recover....unfortunately I got these with a CFD and they're costing me a bloody fortune!

[baracus61] 22/11/2007 13:27

I wonder whether the title of this thread may not be appropriate any more.

[omellete] 21/11/2007 10:29

When the Canadians stop shorting it at the open or if they release the news on the recent wells.

Someone on Stockhouse posted there are 5 well results due.

[baracus61] 21/11/2007 10:04

Surely this cannot continue. Does anyone have any guesses on when this plummet will stop?

[rupe1958] 19/11/2007 09:27

It looks to me that it bounced on $3 in Toronto on Friday, that the bad financing news is through and that this is the moment to buy. 2010 first production does seem a long way off and alot could go wrong in 2 and a half years. But First Calgary has been around for so long, and sentiment is currently so bad on the company that I think from here on it will slowly improve and in a year's time it will be back at $6.