Petroceltic Share Discussion Threads

[blue86] 01/3/2011 17:14

laughing all the way to the dog and duck more like. and its pork scratching night tonight. must have been the reason for the drop

[bigboots] 01/3/2011 17:10

Dave has to find a natural level for buyers to nibble at, without any news this is going to grind lower and lower and Dave is laughing all the way to the bank.

[riley9] 01/3/2011 17:09

herm - 25p - 500mil - for isarene, italy and the rest ? bargain shopping day...... they'd be laughing all the way.......

[blue86] 01/3/2011 17:05

i don't think i've seen a share price move as blatant as this today. 8% off on absolutely pitiful volume is hard to take to be honest. i love the way dave is trying to drive the price into the ground. what is motivating him? does someone keep putting huge orders on the book lower down and taking them off? its so badly manipulated, i'd use it as a case study for the incoming regulator

[rallyman2] 01/3/2011 17:03

could be taken out for 20p ...i bet the instis would accept

[hermana3] 01/3/2011 17:01

Riley,Instis would not listen to owt below 25p per sgare.

[blue86] 01/3/2011 16:47

hands up who thinks it could ever move up 8% on 1.77m shares traded?

yep, thought not

[blue86] 01/3/2011 16:46

you have to laugh. 1.7m shares traded today. lol

come on dave, empty yer pockets.

[blue86] 01/3/2011 16:42

bigboots - 1 Mar'11 - 16:34 - 25807 of 25810


blue, you are wrong, Brian made it very clear that if " the right offer " came along the BOD would consider selling the asset.

This is far too big for PCI and they are out of their depth here, hence why " FOR SALE " sign has been lofted over the Company.

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cover all your bases. of course, IF the right offer came along they would sell but its not the case as they won't have been touting the tranches in their presentations. this will be the agreed level with FIP, which will be ratified with sonatrach. sonatrach would not let some co come in and take the lot when they have de pre-emption rights.

[rallyman2] 01/3/2011 16:37

yes blue ....iber leaving was the best deal pci could have wished for ....many still dont see this ....they came in dictating and got a grat deal but left without a choice when there board demaded it ....pci could then re negotiate a near proved up rescource ......but i do admit did not expect it to take this long but the "me crisis" has not helped

volume now dictating price

[barmy cakes] 01/3/2011 16:36

my point is that one partner could not by the whole lot unless it was sonatrach but i don't see that happening.

[bigboots] 01/3/2011 16:34

blue, you are wrong, Brian made it very clear that if " the right offer " came along the BOD would consider selling the asset.

This is far too big for PCI and they are out of their depth here, hence why " FOR SALE " sign has been lofted over the Company.

[blue86] 01/3/2011 16:34

nice one dave. how bent is this share!!!

[bigboots] 01/3/2011 16:25

and your point is.......

[barmy cakes] 01/3/2011 16:23

bigboots,sonatrach have the right of 51% minimum under algerian law with foreign companies limited to 49% collectively of a production field.

[blue86] 01/3/2011 16:23

absolute rubbish

[bigboots] 01/3/2011 16:20

hermana, this is why the farm out has not been announced, and this is the only way the BOD can see value for themselves in a shorter space of time in regard to options etc.

[hermana3] 01/3/2011 16:14

BB,hope you are spot on with your last point!

[bigboots] 01/3/2011 16:12

The institutions are tied in, they have no choice now, Brian has sold them something and they are stuck with it, they are in for the long haul.

Still believe that a partner will buy the whole campaign outright !!!!! once is is proved up.

[rallyman2] 01/3/2011 16:12

barmy cakes ....hes been talking the plan and the future for a long long time and got the insti investors on board at 12p+ ...they will be pressuring him to deliver ......still very confident he will

[barmy cakes] 01/3/2011 16:09

rallyman,charismatic al has lost his credibility,boc looked very nervous whilst talking about the partner in the oil barrel video.

[freelunch] 01/3/2011 16:04

Bigboots and shrewd observation.....I have seen it all here now!!