Nostrum Oil & Gas Share Discussion Threads

[jungmana] 29/10/2019 16:20

Lessons learnt. Only bet small on such troubled companies. The greedy city institutions have been selling for a good reason hence today's prices

[awise355] 29/10/2019 16:20

Sorry I meant my loss was £10k

[recordz] 29/10/2019 16:15

Afren had some dodgy goings-on in the company.
The Oil price was falling heavily at the time aswell.

[jungmana] 29/10/2019 16:13

Actually GBP 24k I lost on AFREN. Dropped for months similarly to this as institutions sold and fools like myself thought we were buying cheap shares . The rest is history

[catchingmice] 29/10/2019 16:13

Buys showing as sells into close

[awise355] 29/10/2019 16:10

Yes that one hurts £10k lost. I sold just before the dead count bounce where it doubled. If I held my nerve I could have cut even. I knew it would bounce I just didn't have the balls to possibly risk all the capital. Don't try and trade something like this.

[jungmana] 29/10/2019 16:07

I learnt the hard way with AFREN. Had debt of $1.2bn and went bust on production of over 30k bopd.I lost a good five figure sum

[paradores] 29/10/2019 16:05

Agree - take a look at the infrastructure!

[catchingmice] 29/10/2019 16:02

28p - 29p Finish coming here Bodes well for tomorrow

[7rademark] 29/10/2019 16:01

Debt is fine if its manageable, most businesses run on it, 500p just two years ago. Anyone selling needs to look deeper

[paradores] 29/10/2019 15:35

I’m gonna stick my neck out as technically this share has been utterly trashed without a fig being given to fundamental assets in the ground.

As for targets well they’re of little meaning as NOG is so oversold but believe comfortably 50-60p range before year end. Need to keep a close eye as I wouldn’t discount 80p-£1, maybe more!

[tsmith2] 29/10/2019 15:32

Strength into close is v encouraging

[awise355] 29/10/2019 15:31

Should roll over to a blue day tomorrow?!

[7rademark] 29/10/2019 15:20

Massive news coming here.

[tsmith2] 29/10/2019 15:12

Volume volume

[catchingmice] 29/10/2019 14:29

Momentum is certainly building here after that harsh drop early doors

[catchingmice] 29/10/2019 14:22

Quite possibly we might

[awise355] 29/10/2019 14:08

Back to 30p+ ?

[paradores] 29/10/2019 13:38

Frankly any in price below 30p is very good indeed. Below that level you’ll find it difficult if not impossible to buy large blocks, premium to offer will be required. No liquidity = Sharp re-rate.

Way, way oversold.

[catchingmice] 29/10/2019 13:25

25p gone bargain this morning if you bought at 16pI didn't thoughLOL

[paradores] 29/10/2019 13:13

It’s been in semi-auction most of the day. Certainly difficult to buy stock in any meaningful quantity. Can’t imagine why ;)

[awise355] 29/10/2019 12:43

All trades seem to go to negotiated

[catchingmice] 29/10/2019 12:23

What's the charting outlook on this at the moment ?

[catchingmice] 29/10/2019 12:16

EUA Money coming over maybe as i think the rise is done over there.

[awise355] 29/10/2019 12:06

I think we could be on for a 30-40% day which is remarkable considering the intra-day drop of -17%