Iog Share Discussion Threads

[bountyhunter] 23/5/2022 09:57

Yes some problems are to be expected but there's no excuse for the apparent lack of transparency imv.

[affc21] 23/5/2022 09:34

Disappointing (again), does not induce any confidence in the company and management.The issue should have been highlighted earlier. Because someone or some entity has taken advantage of the situation, whilst the majority of investors were unawares.The issue now is you tend to start looking for the next problem that may occur...

[bountyhunter] 23/5/2022 09:28

You're not alone there, neither have IOG management by the looks of it! Certainly other companies don't seem to have quite so many setbacks. The share price vs peers reflects the unexpectedly high level of issues.

[officerdigby] 23/5/2022 09:26

This is not what it said on the tin!

However could it be that initially starting a gas field can be like this?

In have no idea.

[bountyhunter] 23/5/2022 08:47

I wonder what Buffett thinks about these shenanigans! If I was in his shoes I would be thinking of talking to LOG.

[bountyhunter] 23/5/2022 08:45

Now we know why they have been so coy about flow rates since first gas was announced - because they were all over the place largely due to this problem I suspect!

[marvelman] 23/5/2022 08:37

We are all hoping a another company with proper management will see the same Kibes...but hopefully long before 15p

[fardels bear] 23/5/2022 08:31

I'd go further than that. Not competent period.

[kibes] 23/5/2022 08:24

I am not getting the impression these people are competent at running a gas field. Still, the assets are good. I can imagine the price drifting lower over the summer before really picking up in the autumn when there will be a shortage of gas. Might be able to buy at 15p around August? Sentiment is not with this at the moment due to bumbling management.

[aimmafia] 23/5/2022 08:24

What's happened? Poor production figures?

[fardels bear] 23/5/2022 08:12

Always were the expert though. Not.

[montyhedge] 23/5/2022 08:11

I said should have placed those shares at 25p, now lucky to get 15p.

[bountyhunter] 23/5/2022 07:28

Was just about to post the same!

Not down to Log after all, rather down to Perenco, although we perhaps could have been told earlier.

Surely this problem must have been there for a while and maybe from the start but apparently just identified last week.

[marvelman] 23/5/2022 07:16

"Recent" weakness???

[slicethepie] 23/5/2022 07:14

Explains recent share price weakness !

[marvelman] 23/5/2022 07:07

Another dreaded "Operational Update". What a shambles

[bountyhunter] 20/5/2022 14:55

At least she beat my average of 36p.

I wouldn't mention IOG to her until Southwark is online by which point things should have improved here; that's as long as the drilling rig doesn't break another leg!

[fardels bear] 20/5/2022 14:50

No. The wife bought at 35p for her SIPP. :0

[bountyhunter] 20/5/2022 14:43

I thought you already did at 35p? Did you sell those?

[fardels bear] 20/5/2022 14:42

I really think I should be buying in here but even at these levels I just can't put my hand in my pocket

[fardels bear] 20/5/2022 14:41

I am sure that most of the countries in Southern Europe are in a similar position to Greece. Possibly not quite so bad but on the way.

[bountyhunter] 20/5/2022 13:10

But maybe it's all over now and I am out of touch.