Iog Share Discussion Threads

[marvelman] 12/9/2020 11:55

Excellent stuff anley...your posts make interesting reading. I am a holder here but not so sure now as this company already has enough debt to be going on with. How it will be funded is the big question.

[anley] 12/9/2020 11:36

If you look at a recent post on this thread I said I was a buyer at 12p............

I have a Peel Hunt report produced earlier this year talking about value:

"The company is at 17p, and yet we have a core nav of 33p, total nav of 41p, however they should can could easily grow this nav by adding in new resource opportunities this year. We also see substantial revenue and FCF growth over the coming years:"

The point I make is that the market values these brokers values by anything up to - at one stage last week - at between 50-90% discount.

[the chairman elect] 12/9/2020 11:33

No offence anley but I came over here as I would like to see what IOG and not DELT shareholders make of it all?

[the chairman elect] 11/9/2020 17:52

Yet another offer for DELT

Broker note from 4th September 2020 on DELT gives a risked valuation of 13.7p

[zapa] 11/9/2020 16:52

DELTIC is the target.

[eggbaconandbubble] 07/9/2020 12:01

I'm looking for 2p but I ain't gonna get it!

[anley] 07/9/2020 11:28

So am I as there will be no more licenses issue d by the Oil&Gas Authority until 2023.
What happens in the meantime is license swapping with partners or if you like a consolidation of what should and is going on in the North Sea..............it will be interesting to see how all this shapes up in the next year.

IOG have cash in the bank to develop thier portfolio but the boaring aspect to investing in this sector is TIME and in this case there is still some time to go before the drill bit starts.

I am looking at 12p to buy in again but it depends on news flow.

[dunderheed] 03/9/2020 13:33

Yes good complementary assets - am happy they are building this inventory, imho.

[anley] 03/9/2020 12:44

So what do you think?

[dunderheed] 03/9/2020 12:02

They already have at 09.00?

[anley] 03/9/2020 11:07

The price increase this morning may be a reflection on the fact that IOG have 2 new licenses in the area they wanted...........infill stuff and I am sure they will be informing shareholders how thrilled they are!!

[bbluesky] 28/8/2020 00:14

Presumably CalEnergy Resources.Warren Buffet has said that he wants more natural gas exposure and has tipped his toe in the water here, so far. I would also think that given the size they need to make any impact on their funds, they need to be buuy.buy.buy

#1.Thames Pipeline is the vertebrae

[william_quinn] 27/8/2020 18:40

Thanks anley.I see it is LOG, currently in administration. Wonder what the next move will be?

[anley] 27/8/2020 16:40

Still months to go before the drilling action starts so no need to buy in a hurry.

There is still a 29.9% holding stake hanging around and at some stage in the future that will need to be delt with.

Anyone not farmilar with this should take a look and do some research......

[matt123d] 14/8/2020 21:57

Added here the last few days. Volume has been gradually building and it isn't easy to buy. Looking for high 20s.

[jimmya1986] 13/8/2020 16:20

I'm a LTH with an average price of 14.5P - nice to see positive movement and half tempted to take my stake out to put elsewhere as not currently investing in this sector, but overall a relatively small part of portfolio so will continue to hold and see where we go

[marvelman] 13/8/2020 16:09

Online buying closed down virtually all day again. I am sure (if anyone is left here) there would be a temptation to take profits after a 20% plus rise in two sessions but somehow I do feel few are taking the bait.

[marvelman] 13/8/2020 08:24

Seems to be some momentum over the past two sessions and some fairly decent sized trades. Certainly worth bearing with this share for a while longer yet.

[yellowdog] 06/8/2020 14:11

Yeah could be dead money for the next 12 months but I think they have applied, with Buffett, for more Licences in the 32nd round.

Success there and a well financed partner could ignite the share price.

[anley] 01/8/2020 11:56

Reading the time it will take then next year sometime in H2 2021 we might have drilled.

What are the shares going to do in the meantime?