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Share Name Share Symbol Market Type Share ISIN Share Description
Independent Oil & Gas Plc LSE:IOG London Ordinary Share GB00BF49WF64 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -1.45% 17.00 16.50 17.50 17.25 17.00 17.25 199,184 08:03:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 15.0 5.1 3.3 83

Independent Oil & Gas Share Discussion Threads

Showing 7576 to 7597 of 7750 messages
Chat Pages: 310  309  308  307  306  305  304  303  302  301  300  299  Older
DateSubjectAuthorDiscuss
03/2/2020
16:45
CER will by 27 February 2020 decide whether to exercise its option to farm in to the Redwell-Harvey Area, in exchange for a GBP20 million up-front payment and a GBP0.95/MCF royalty on its life-of-field net gas production from Harvey.
jasper2712
20/1/2020
19:27
who is Richard Griffiths who now has 6% of IOG ?
yellowdog
15/1/2020
22:10
Still a lot of appetite for these but it looks like feet of clay to me. Maybe RRE buying but I find it hard to believe nobody has hit 3% recently.
fardels bear
10/1/2020
15:00
This is abit nutty. The same point as above but at different price points throughout the day. Currently the bid offer is 19.5-20 with no less than SIX market makers on the offer at 20p and ONLY one on the bid at 19.5 and yet it's 20p to sell. Someone has got a real hard on for stock here. That said I bought these at 16p as a short term play (well done if you did similar) as per the post on Wed and am happy selling into this spike - got some away at 20p. That's a quick near enough 25% gain in a flash. Just watch and see how this moves next week and whether some news does transpire. Good luck folks.
sphere25
10/1/2020
14:29
Thanks for your thoughts Sphere. I have observed the same. And now in auction
marvelman
10/1/2020
14:21
Almost have backwardation in the stock at the current bid offer of 18.5-19 with the sell price the same as the offer price at 19p. Furthermore, there is only one market maker sat on the bid at 18.5 and four sat on the offer at 19p and it's still nigh on impossible to buy in any size with the quote to buy even a measly 10k costing 21p. It's been the same theme the past few days. They are making sure nearly every trade goes through to the market makers (as oppose to being executed e.g. directly online). Price is up another near 6% - day after day almost a similar move. Whether this all signals something going on in the background or it's just idle speculation, your call. I'm not expecting anything, but the move in the stock is still nice.
sphere25
10/1/2020
14:08
Well something is brewing surely. This price action has simply not been warranted by the recent RNS. Coincidently or not RRE's share price is also motoring after a long period of slumber.
marvelman
10/1/2020
10:21
Thank you Kinwah. Happy to take a trade in almost anything but I rarely look into oilers/miners. It's usually nothing more than a glance through really. Some food for thought there then. Perhaps the stock should sit somewhere around that 20-25p level to factor in at least some of that bid risk.
sphere25
10/1/2020
09:31
Sphere what is interesting is that IOG is almost like stub equity. The current market cap of around £60 million is a fraction of the money needed for development of its assets. Therefore paying £90 million for IOG equity out of a total investment of say £500 million isn't a big deal. If RRE do want IOG then 25p would be a sensible level. IOG ticks a lot of boxes and the gas terminal has strategic value so it will clearly be on RRE's list of possible deals. IOG are doing the sensible thing in recognising they are vulnerable to a bid and highlighting the company's case for independence - almost like a defence document before the bid arrives.
kinwah
09/1/2020
14:25
I agree KINWAH.........there has to be even more activity in the North Sea especially for GAS. However, the market wants to wait for drilling results from a few such as IOG and CLNR and then even more M&A will come to pass. We shall wait and see.
anley
09/1/2020
12:43
Interesting point Kinwah. What price do you think a bid could come in at? It's incredibly rare to catch a bid on a short term play, but the stock is starting to spike as I type - up another 6.8% today. Stock has been incredibly hard to get hold of these past couple of days too with small buys shifting the price. I have no idea if anything corporate is going on in the background judging by the way the stock is starting to rise. Usually there is nothing, but this one has been approached before recently so here's hoping!
sphere25
08/1/2020
22:02
Did anyone else notice that the IOG corporate update was just a repeat of last year's achievements and the plans for this year? All this on the day after RRE boasted how much cash they have and they were on the lookout for acquisitions. My interpretation is that IOG are bracing themselves for another approach from RRE and are making their case for continued independence. At 16p IOG were a bargain.
kinwah
08/1/2020
16:02
Nice to see that Redwell might have some value.
hashertu
08/1/2020
15:13
Looking for news related trades in an otherwise dull and lacklustre market that plays into the hands of the buyers and sitters of stock. That said, picked a few IOG up at 16p - these speculative oilers are always short term trades. Hardly an oil expert so no doubt someone will state this is a multi-bagger in the making and definitely not a short term play. I'd be ok with a re-test of 20p. Clearly the current wider macro developments could suit IOG but I'd expect Lombard and Griffiths to continue upping their stakes, particularly on the positive filled news release today so it has a chance to get back up.
sphere25
02/1/2020
09:14
HNY, Bh and Dh!Not here though. :ouch:
fardels bear
02/1/2020
08:32
Glad I'm now out of this one! HNY!
bountyhunter
02/1/2020
08:28
Oink Oink. That tells you exactly what they think of you shareholders.. A safe vehicle for your investment after drilling the wrong place on Harvey?You don't need me to tell you. You already know.
fardels bear
31/12/2019
13:25
Not at all. They made a decision based on the available data. I totally agree that the small cap E&P sector is rife with zombie companies run as lifestyle businesses. This isn't one of them imo.
sludgesurfer
30/12/2019
19:52
Nice buy from directors, added to their recent share option take - Confucius says expect good news in the near future..
bbluesky
30/12/2019
11:48
Sludge.....are you saying the drilling team along with the directors mismanaged a drilling decision? It does seem to me that there are a number of AIM oil/gas shares where the BofD seem to think that what they run or manage is their exclusive property......a sort of private PLC. 2020 is going to be a year when all of these AIM companies will be forced to stand up and be counted. Let's see how all this unfolds..............
anley
18/12/2019
15:07
I know what you mean, however ultimately it will require an additional appraisal drill which is bad news. Basically they've drilled the wrong prospect but hindsight is a wonderful thing. Its not clear to me whether this discovery/prospect was included in the original Harvey Resource. I considered a top up today but I've held off for now.
sludgesurfer
18/12/2019
12:19
You have to read the news words very carefully to understand just what is going on. The price is trying to recover as the news is not bad bad BUT interesting until its explained to the world................simple words please Mr Board of Directors.
anley
Chat Pages: 310  309  308  307  306  305  304  303  302  301  300  299  Older
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