Jkx Oil & Gas Share Discussion Threads

[mutantpoodle] 02/10/2012 16:54

company werent worried about the share price fall??

must be about to allocate some directors options then!

[2bung] 02/10/2012 15:10

yep, poor volume, altho it fell on small volume too.

I contacted the company recently and they will have an IMS in Nov and weren't worried about the share price fall.

[ukgeorge] 02/10/2012 15:00

shame the volume isn't higher

[professor x] 02/10/2012 14:50

Not a guarantee, but looking much better:

[professor x] 02/10/2012 14:48

I have first significant resistance around £1.20 in the short term. Long term though, if they can get their act together I am hoping for much higher than £2.

[2bung] 02/10/2012 14:35

what's your target prof? I'm looking for £2

[professor x] 02/10/2012 14:33

Aye, added a few myself this am.

[2bung] 02/10/2012 14:22

Slowly but surely we're inching up

[flyingbull] 28/9/2012 20:37

Please find below the link for entering the October 2012 Monthly Oil Stock Competition. Deadline for entry is this Sunday at midnight.



Good luck!!!

fb

[professor x] 28/9/2012 17:29

I'm not too worried at present 2Bung. There's no real volume in the selling to suggest anything sinister. Happy to hold out for the next report which should hopefully show a turnaround in the production figures.

[2bung] 28/9/2012 16:59

I admire your patience Prof, most undervalued oil play out there imo.

[professor x] 28/9/2012 15:38

Is it time?:

[peter27] 28/9/2012 11:39

"Out of interest, am I right in thinking that if a merger did take place, then jkx share prices take on that of the new company and, would (generally) be greater / higher value than the company that merged with them?"
imho - it all depends. the corporate world is littered with mergers that destroyed value or takeovers that led to write-downs. The biggest example is AOL Time Warner but recently more close to home BHP Billiton wrote off zillions after the shale gas price collapse having bought assets at the top of the market. Close Brothers wrote off £50m off Mako after a fall in the market. With research I can give you many others. I don't hold any JKX shares having sold at just under 200 when Bruce, the former finance director, resigned in order to move on. Whilst a shareholder I went to a number of AGMs and eventually came to the conclusion that this is a 'jam tomorrow' company. As far as I can see it is simply operating in order to pay the taxes which the Ukrainians increased to such an extent that they are slowly killing the golden goose. They used to pay a healthy dividend and it seems astonishing that I first bought into this company in 2006 at 332 and watched them go over 500. Stopping the dividend was to my mind the real killer for future investment. If they restored it I might think again but until then I will stay out. DYOR

[cdc1cdc1] 28/9/2012 00:06

peter27, you seem to have used an awful lot of words to say nothing. Hopefully your next input will consist of something relevant and perhaps even useful! As suggested, why don't you educate us all - it seems we are unwise to proceed without such wisdom. I look forward to your gifted input.

[2bung] 27/9/2012 16:51

xorex, we should be well over £1 fairly soon, at a loss as to why it fell so much.

[xorex] 27/9/2012 16:50

2bung; which way?

[2bung] 27/9/2012 15:47

I'm getting the feeling this is getting ready to move.

[wallywoo] 27/9/2012 11:04

hmm alot has been going on with the Ukraine energy sector this year. ExxonMobil, Shell, OMV and Chevron have all signed deals to develop Shale gas / black sea fields. The government have been trying very hard to make themselves more independent of Russian gas and have been locked in negotiations over price and pipeline access (which now seems to be coming to an end).

No real conclusions to all that just feel ok about my recent investments here and think the trend should shortly reverse, maybe even dramically.

[peter27] 27/9/2012 08:05

I don't wish to be unkind but your question reveals such startling ignorance of the market that you should not be investing in individual companies. If you want to invest in equities stick to unit trusts.

[cdc1cdc1] 27/9/2012 00:13

Out of interest, am I right in thinking that if a merger did take place, then jkx share prices take on that of the new company and, would (generally) be greater / higher value than the company that merged with them?

[spiritworld] 26/9/2012 23:50

It is a buy , buy time

[cdc1cdc1] 26/9/2012 18:24

Not sure we will see a takeover - they seem to be trying hard to overcome recent difficulties. Not sure it would be the same if a takeover was on the cards. Though, given the company stats, it's hard to predict anything - there shares are after all selling for below what might be expected!

[2bung] 26/9/2012 14:22

JKX didn't go up with the market so shouldn't fall when the indices are down. Today is an example of this.

[mutantpoodle] 26/9/2012 14:07

I too agree now, or at least very soon may well be a good time to get in (for more)
my concern isnt for JKX its for market reaction to EU situation