Sibir Energy Share Discussion Threads

[shaid1] 19/11/2008 16:20

coco

in the economic climate i cant see many taking a punt.

[coco] 19/11/2008 16:19

Worth a buy stuart at this price if iec is valued at 12.50 dont u think

[stuart14] 19/11/2008 16:17

The Co would be great value if it weren't run by Russians, in Russia.

[shaid1] 19/11/2008 16:16

not worth buying until the dust settles, by the time that happens this could be any price at all 10p to 80p who knows.

[leeson31] 19/11/2008 16:12

omg a quid, in auction now.

[loverat] 19/11/2008 16:11

This will be a penny share at this rate. Why the fall?

[eug] 19/11/2008 16:09

An rns needs to come out from the board why this has gone so bad.

[shaid1] 19/11/2008 16:07

this used to be 800p in the summer.amazing

[coco] 19/11/2008 16:00

Is the hotel loss making - does anyone know ? without it were doomed I tell you

[eug] 19/11/2008 16:00

Something big time bad coming here, I am out, learnt a good lesson, when you have some profit, trim it off.

[need_2_b_brave] 19/11/2008 15:58

WHATS going on here! i thought shell was interested in this

[eug] 19/11/2008 15:57

yep, tell me about it, stop loss, bloody fool not to have set one. Oh well, live to do it again another day

[davidwilkin] 19/11/2008 15:54

why no stop loss EUG....you only got yourself to blame, dont worry though i'm hardly whiter than white mysely......you live and learn.

[coco] 19/11/2008 13:53

It wont be long before the hotel is worth more than the rest of the company - free tank of fuel for every night spent in the hotel and all that !!!!

[eug] 18/11/2008 11:35

I see that JP Morgan started coverage on Sibir. They have neutral for Sibir with a price target of 315p. Their coverage talked about cash flow but mentioned price of oil at about $75.

[eug] 17/11/2008 21:51

Reading through the interims again. Looks good. Found this,

"Our prognosis is that the Jurassic reservoirs which are our targets at between 2900 and 3200 meters depth thicken towards the west and the last two wells drilled have confirmed this prognosis. It is too early to predict the extent of our success, but we are gaining in confidence that our prognosis is sound and intend to announce the results of our drilling and an independent interpretation of these results in the next six weeks." So close to Xmas should have results

[kibes] 17/11/2008 18:53

The Russians have terrible memories of conditions in 1998 when their economy collapsed and the rouble was devalued. So they stop investing or spending and buy dollars instead to keep under the mattress, probably the best way to collapse their economy again in fact. The big boys meanwhile make sure their money is safely out of the country as dollars in foreign banks.

Strange looking at the SBE chart how the unexpected sudden push above 800p earlier this year was in fact the precursor to the current unbelievable fall. It will be a buy at some point but not for some time yet in my opinion.

[yf23_1] 17/11/2008 14:00

I thought I posted earlier that the export taxes are reviewed 3-monthly (?) and they were to be changed to 1-monthly.
I think you might find that they are to be reduced but they are still currently lagging causing short-term losses.

[eug] 17/11/2008 12:59

Any chance these could get back to 165+? Not holing my breath but would be very happy if it did. Also, has a decision been made about a dividend?