Jkx Oil & Gas Share Discussion Threads

[wallywoo] 04/3/2015 12:21

T + m. you think that Hendersons would buy on 2/3 over 21M shares and then sell them again on the 3/3, I don't think so. Much more likely that it was a delayed buy yesterday that popped up on the screen. Very unlikely to be an overhang IMO.

With assets of nearly $500M and a Mkt cap of £63M I am expecting the rise to continue, as are Herdersons

[tomboyb] 04/3/2015 12:20

That is certainly not an overhang - An overhang is normally dumped well below market value - That was at a premium henceforth someone has taken that on board -

[mreasygoing] 03/3/2015 23:50

May be an overhang for a while. Unless someone is waiting to buy a large number.

[tomboyb] 03/3/2015 16:29

Hendersons are out - By the looks of it

[tomboyb] 03/3/2015 16:27

GO for it!

[tomboyb] 03/3/2015 16:27

21mill trade at 38p!

[flyingbull] 02/3/2015 08:41

The March oil stock challenge is still on…...deadline for entries is midnight tonight.

The race is on, the train has just started to leave the station??!!
Who will be the winners and who will be the losers?
Good luck.
fb

[wigwammer] 02/3/2015 08:22

Presumably same story at RPT - should expect a similarly positive RNS and has yet to rerate like JKX.

[tomboyb] 02/3/2015 08:08

Morning -

Excellent news - 40p+ here

[wallywoo] 02/3/2015 07:26

Good news starting to come for JKX now. Lets hope it is the start, should be worth a few pence in the SP:

Ukrainian Emergency Legislation: Expiry of Gas Sales Restrictions

JKX announces that that it has received confirmation from the Ukrainian state gas distributor that 100% of its nominations for March delivery of gas to industrial customers have been accepted. The Company has now returned all wells in its Ukrainian fields to full production.

The Ukrainian Government issued a decree on 29 November 2014 directing major industrial buyers to acquire their gas solely from the Ukraine state-owned gas company Naftogaz during the three-month period 1(st) December 2014 to 28(th) February 2015. This resulted in the Company's Ukrainian subsidiary being forced to shut-in a proportion of its oil and gas production during this period.

JKX Oil & Gas plc is an exploration and production company listed on the London Stock Exchange. The Company has licence interests in Ukraine, Russia, Hungary and Slovakia.

[wallywoo] 26/2/2015 11:55

The rise looks and feels very similar to the one several years ago (2003). Rose from similar levels, there was an early but failed takeover attempt, after 3 years the share price was up above £4!!! Wonder whether history will repeat. share price took around 3 years to climb to over £4 then a retrace and another 4 years before it hit a high over £5

[rugby] 26/2/2015 10:54

yes back to the level i talked about above, i think the buy bot will return in due time,

[rugby] 24/2/2015 12:25

The buy bot is i believe Neptune invest and finance corp, considering the bot soaked up a large number of sales yesterday i expect to see future rns about increase in holding from them at some stage.

[rugby] 24/2/2015 10:49

the 8541 buy bot is stuck on 36.5p so i would expect a retest of that figure unless it moves up the bid.

[stonefold] 24/2/2015 08:58

The recent offer process may have reminded people to re-consider their positions with JKX. There are probably about 5% of shorts knocking about - if the long term down trend is ending/ended then it might be time to close those shorts (and go long)?

[mreasygoing] 24/2/2015 08:42

Agreed. Good points made. Someone is accumulating for sure.

[tomboyb] 24/2/2015 08:41

Morning -

ATs kicking in strongly - If that continues we could be looking at 40p from here

[rugby] 24/2/2015 07:41

Whilst the trading strategy of my learned friend Bad robot is absolutely correct jkx should by all normal indicators fallen back the full Fibonacci Retrace of 61.8% giving a Target of 13p.
The shares had moved up from 12p to 34p on face value on the back of the proxima "takeover story"

Usually after a near 300% rise on such news, if the rug is pulled away then you would expect an almighty correction.

Right, so why did it only fall back to 23p? well the Fibonacci Retrace of 38.2% absolutely matched the low price of 23p.
I very much suspect trading programs kicked in at that level. One very telling observation is the endless rising buy bot eating anything that is thrown at it since Thursday.
The nav is somewhere near 140p per share but obviously you can deduct a large wedge of that due to political and geographical risk. However someone is clearly building up a position here and the lack of any approach to the bod is hardly surprising is it? this kind of company is not taken over by talking to the bod rather the Russian shareholders who actually own the company.

I suspect that proxima talks were with large shareholders and rebuffed hence the position building here for future entertainment that we have seen since Thursday

All in all on a trading basis if that buy bot continues to take on all sellers then it will continue to appreciate.If the buy bot disappears it could fall rather fast. That may be a simplistic and logical observation, but the former are usually absent in most aim traders armory.

[mreasygoing] 23/2/2015 15:20

Bought on the break out.

[mreasygoing] 23/2/2015 12:50

If it breaks out I'll buy. Chart looks like a cup and handle formation. It will be interesting to see if it plays out.

[tomboyb] 23/2/2015 12:46

Back to exactly where we were before the RNS -

Some decent buys close to the 35p mark -

[tomboyb] 22/2/2015 13:10

Well - there is a new 4% holder in Burak Ozdogan and that is positive -

I can see this 30p+ during the course of the week - so gl.

[bad robot] 20/2/2015 17:09

KM

Dead cat bounce mate of 19% rise. 10p is target it will come

[karmastuartra] 20/2/2015 15:53

Waiting for bad robots buy signal,never came,oh well!

[mreasygoing] 20/2/2015 15:34

Watched this rise without buying this afternoon, very odd price action after yesterday's announcement. Hope holders do well. Just wary myself about having the rug pulled again.