Global Petroleum Share Discussion Threads

[markingtime] 27/3/2023 16:46

Possibly.But also possible that the whole company could be bought out next week.We'll see.

[southway2] 27/3/2023 13:04

I suppose going in right direction but reading between lines any farm in is still a few months away

[markingtime] 27/3/2023 11:39

If there was a sniff of Marula being drilled, the share price would be a multiple of the current share price.As for the risking, that will be tested by potential partners....but if it checks out then that should be attractive for a prospect of that size and type.

[jambam] 27/3/2023 09:37

yeah fine, but market cap is 3mn...too low even before drilling. Farm in will be trigger for next rise. why not buy more at this level? Once we get closer to drilling, share price will be much higher

[markingtime] 27/3/2023 08:44

The important point in the announcement today is the risking of Marula being raised to 29%. That is actually very high for an initial well on an undrilled prospect, presumably partly due to the DHI flat spot as well as geological analogues in Orange.

[oliversydney] 27/3/2023 08:16

Could be why Cantor were buying last week and we have now had more announcements in the last week than in previous six months so action at last

[genierub] 27/3/2023 08:01

With Oil soaring this is going to be on everyones radar.

Many investors will be taking their position in this ahead of April 1. This is a strong buy ahead of JV.

Best risk/reward oil stock on LSE/AIM right now.

Watch out for the small volume sells from MM's to fish out weak (30-500K) and watch the 1M+ buys that come in soon after. If you see this pattern, you know what's coming.

You're welcome.

[southway2] 27/3/2023 07:11

At least it wasn't a placing rns yet . But this news will help with that at higher price. This time next year Rodney .

[southway2] 27/3/2023 07:05

Some proper figures now rather than rampers guessing.Means nothing without finance

[markingtime] 24/3/2023 17:50

No new broker has been added. As it stands, it is only Panmure.So the Q remains.....why were Cantor buying? For whom?

[supercity] 24/3/2023 17:15

Can't be a coincidence that 165m was traded on TRP today - massively above daily average just like here...just pointing it out.

[supercity] 24/3/2023 17:12

So many expertsWait and watch - big swoosh inbound

[2000tober] 24/3/2023 16:54

Not to bad, a day.

[oliversydney] 24/3/2023 16:14

This is great news. OvalX is owned and operated by Monecor so at last they seem out the picture and now have established international broker

[markingtime] 24/3/2023 16:09

Re Fact 4.....the broker lost itself.....https://www.financemagnates.com/forex/exclusive-ovalx-formerly-etx-capital-is-officially-shutting-down/

[apfindley] 24/3/2023 16:07

Fact 4 : they've just lost a broker..

[glavey] 24/3/2023 15:51

What's sauce for the goose is sauce for the gander. Help yourself.

[markingtime] 24/3/2023 15:43

I'm loving these posts from people who think they know what is happening.....Fact 1: share price up around 35% or so this weekFact 2: this week's volume is about half the whole companyFact 3: a "proper" broker is now sitting on a significant percentage of sharesWhat happens next???Don't pretend you know ;-)

[apfindley] 24/3/2023 14:50

Well, looks like I was right again about the pump m dump cycle.Know the people.Know their game.

[ridingthewaves1] 24/3/2023 14:00

Looks like cantor wanted to make some profits

[ridingthewaves1] 24/3/2023 13:57

May end up flat

[oliversydney] 24/3/2023 13:48

Monecor sold all their voting shares this week which were bought by Cantor. Their only holding is CFD financial instruments so they are not dumping

[markingtime] 24/3/2023 13:42

So why would Cantor have bought 63mn+ this week then??