Iog Share Discussion Threads

[g2theary] 25/11/2022 10:21

You in here Chesty? :) WSBN will start moving up in the coming days and early December :)

[bountyhunter] 25/11/2022 10:20

Gap still to fill to ~20p



IOG has been way undervalued on poor sentiment on the recent shutdown now over with.

[retsius] 25/11/2022 10:18

Impossible to buy even 1000 shares!

[babbler] 25/11/2022 10:17

Quite a sell off... Up 45% today. Shame you didn't just take the news as it was and play the gap game.

[chesty1] 25/11/2022 10:16

Looking great for longs, well done!

[mally6] 25/11/2022 10:15

If you don't hold shares here why so many negative posts I don't mind just wonder at pis who do that

[ashkv] 25/11/2022 10:05

Well IOG has to pay off hefty debt before it can think about keeping profits...

25 Nov '22 - 09:58 - 2761 of 2762
0 1 0
Presumably IOG get to keep more of the profit on production because they own a bulk of the pipes and infrastructure.
Being in a 50/50 deal with Berkshire Hathaway is very handy too :)

[ashkv] 25/11/2022 10:04

Agree Tidy that SQZ has more II holding and is under the scanner of shorters - with IOG I sold at first sign of trouble near 30.

The issue with IOG is that management is clueless as to actual field mechanics / reservoir dynamics - for Bylthe and Elgood repeated downgrades to production, than water cut, than field life less than 2 years.

How can one have faith in holding for Southwark???


Also notice IOG - tends to sell off post news...

[thelongandtheshortandthetall] 25/11/2022 09:58

Presumably IOG get to keep more of the profit on production because they own a bulk of the pipes and infrastructure.
Being in a 50/50 deal with Berkshire Hathaway is very handy too :)

[tidy 2] 25/11/2022 09:54

Ash you have to move with the market if you want to capitalise on sentiment and the big moves. sqz is at the mercy of bigger holders now for steady gains, the big moves there have already passed. Get the rerate from the bottom here.

[theaviator] 25/11/2022 09:46

Bid keeps increasing too :)

[theaviator] 25/11/2022 09:45

Next stop is 18.42 :)

[hiddendepths] 25/11/2022 09:44

Day traders taking their profits now. Looking to top up on the dip as I wasn't watching early on!

[saint in exile] 25/11/2022 09:43

Yep got to close the gap at least short term and then upwards as production increases.Share was totally oversold and now its time to shoot upwards

[bountyhunter] 25/11/2022 09:42

Yawn, prior? gap still to fill to 20p, Southwark on line soon will be a game changer, nearly there with A2 then there's A1, production will be significantly increased just when winter gas prices kick in.

[ashkv] 25/11/2022 09:38

Same management just promoted - also issues with fields for which new management can't do squat - going by downward revisions for Blythe and Elgood - why would an investor view that the same will not happen with Southwark???

Also lets see if management are able to bring online prior to Q4 2022 and what the steady production / water cut issues are with Blythe & Elgood - no info on the same in today's update.

I did a good day trade in IOG - and have closed out close to 17p...

[bountyhunter] 25/11/2022 09:36

Exactly tidy, and chartwise there's still that gap to fill. Looks like ash missed the boat. Current production due to increase significantly here in just a few weeks time.

[ashkv] 25/11/2022 09:36

IOG EV / Current Flowing Barrel at 17p = US$42,000
SQZ EV / Current-Guided Flowing Barrel at 295p = US$14,500

[tidy 2] 25/11/2022 09:34

IOG new management and coming off a strong retrace. Recovery stock and targets multiples of current production before Xmas. Solid hold for 40+ initially then 70-125p

[ashkv] 25/11/2022 09:31

At 17p IOG Enterprise Value (20 Oct 22 Financial Position RNS):$174 Million vs $390 Million for SQZ at 295p.

SQZ is currently producing more than 5x IOG guided production for H2 2022 - and has North Eigg drill results / company changing to be announced imminently.

Prior to news about delays on Southwark drilling and downward revision of gas reserves / production life of 2 current fields IOG was around 18p...

Wow - what divergences in the market - I would harvest IOG at this price and get into SQZ...

[oakville] 25/11/2022 09:29

Still not a lot of shares in the market.

[g2theary] 25/11/2022 09:25

Easy over 20p :);)

[oakville] 25/11/2022 09:22

Going to get to 20p by close. Is US market open later?

[bountyhunter] 25/11/2022 09:17

I'll add this chart at the end of the header...
Half way there!

[hiddendepths] 25/11/2022 09:15

tidy fwiw the jargon is that the MMs are bidding 15.1. The word offer is used in the market only to indicate the price they're prepared to sell to investors. The spread between the MM buy price and sell price is known as the spread and sometimes as the bid/offer spread. Using the word offer for a bid price is a little confusing to those who have experience in the market.