Iog Share Discussion Threads

[bountyhunter] 22/4/2022 14:37

Oh it was you FB, let's hope you timed that perfectly! 🙂

[fardels bear] 22/4/2022 14:33

Just boring Dark Ages Danish and Anglo Saxon, I'm afraid. Bit of Welsh, maybe.

[marvelman] 22/4/2022 14:28

I am hoping you have some Irish blood in you Fardel

[bountyhunter] 22/4/2022 14:28

Have a look at the daily chart now mm, Monty must be buying ;-)

[fardels bear] 22/4/2022 14:27

Looks like our 35.5p buy could be the bottom. It'll be a first if it was.

[bountyhunter] 22/4/2022 14:22

No other company could celebrate first gas at this time in such a way! Don't forget they issued themselves additional options at the time as well. Even he LOG administrators will be asking for options next lol!

[marvelman] 22/4/2022 13:57

Yes and I would not be surprised to see the LOG administrators helping them do it at a nice price. This share price action is not normal given the sector that IOG is fortunate to be in at this time.

[thelongandtheshortandthetall] 22/4/2022 12:13

I'm not so sure montyhedge.
There is just as likely a buyer drooling over a 26.99% stake.They might even be prepared to pay a premium to secure a large block of shares in one go.

Just a thought.

[montyhedge] 22/4/2022 12:11

Ok shares will just drift them, investors don't like uncertainty.

[bountyhunter] 22/4/2022 12:09

We have already heard they don't want to name their price to sell never mind at a discounted price! See post #855

[montyhedge] 22/4/2022 12:07

I can't really see someone buying the 26.99% stake unless a substantial discount say 25p, I think that was the last placing price.Any thoughts guys? Can't have this overhang forever.

[bountyhunter] 22/4/2022 12:06

Exactly DH, thanks you saved me a post and unnecessarily trawling back :)

[tom111] 22/4/2022 11:45

Very low volume today considering the M/C is 187M

[tom111] 22/4/2022 11:42

Read AH statement on the 13 April rns bountyhunter.

[bountyhunter] 22/4/2022 11:24

It's not that monty it's as FB said.

Re the flow rates they said 'mid-year' in one RNS post first gas which was ridiculous. They may have said something different since, it's hard to keep up.

[tom111] 22/4/2022 11:24

They stated they would give a figure over the flow rates in the near future as per the rns going by memory

[montyhedge] 22/4/2022 11:19

Can't us posters get together and offer 25p for that stake. LolThe longer it goes on the more uncertainty in shareprice I would have thought.

[fardels bear] 22/4/2022 10:21

Put on a limit buy, for our sins. Too cheap now, innit. Market hates uncertainty and here that is the secrecy over the sustained flow rate. Why do they continually shoot themselves in the foot?

[bountyhunter] 22/4/2022 07:04

Probably down to price as SQZ management have made it clear that they will not overpay for any aquisition. Some time ago IOG turned down an offer from Rockrose which seemed quite reasonable at that stage in IOG's history imho given the precarious financial situation of IOG at that time.

[74sjh] 21/4/2022 23:37

Good points Anley and I share them as I'm sure many others do. As a holder of both sqz and iog, I agree Iog is better placed for growth and future gains. Both have done well and it seems to me that the iog is going to follow a similar trajectory as sqz. It begs the question - why hasn't sqz bought iog?

[bountyhunter] 21/4/2022 21:41

SQZ have even more cash than that - from today's results a cash balance of GBP213.1 million on 20/4/22 over and above the GBP115.4 million of hedge securities already lodged, so nothing to worry about with less than 20% hedged, all that cash and the additional 66% of BKR revenue accumulating since 1/1/22.

[slicethepie] 21/4/2022 21:06

You comments on sqz are utter rubbish, they have over 100m in cash and are generating 40m plus per month. There hedging is unwinding and is less than 20% now having no new hedges since july 21.