Share Name Share Symbol Market Type Share ISIN Share Description
Soco International LSE:SIA London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +0.42% 118.75p 118.75p 119.50p 121.75p 117.75p 119.50p 57,872 12:36:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 125.2 4.6 -4.5 - 394.20

Soco Share Discussion Threads

Showing 24501 to 24523 of 24525 messages
Chat Pages: 981  980  979  978  977  976  975  974  973  972  971  970  Older
DateSubjectAuthorDiscuss
19/9/2017
10:30
Had my "final" top-up this morning. So much of the valuation is covered even under oil remaining at $50 for the foreseeable. Quite simply one of the best value stocks in the E&P space. As ee says we'll see but like Brexit I suspect the outcome will be much better than most believe. "final" - because I've got what I want for now. I consider myself lucky to have got these prices.
nigelpm
18/9/2017
23:12
....its up to you. But I don't report fiction. Anyone who attended the AGM knows the plan.
emptyend
18/9/2017
22:53
Believe it all when I SEE/READ it EE. SIA has been a serial disappointer for too long now and needs good news to change momentum. Too quiet for too long and hence the market has lost interest in them. Might make them a very decent buy now mind, especially if what you report is true, but I have already lost enough here to convince me not to average down.
lauders
18/9/2017
21:10
One or two people have suggested that the lack of comment about the dividend suggested some uncertainty over it. So I asked. And apparently someone asked at the analysts meeting too. We all got the clear response that sustainability of the dividend is paramount......so that should be a tidy yield for holding for 6-9 months. I also believe that one of the corporate deals flagged at the AGM is now quite close at hand....which could be pivotal for sentiment. A good chunky deal with decent assets and perhaps some management would set us back on a growth path (are you reading, John? Decent entry point right here?), especially with TGT production resuming shortly with the new water handling kit. ee
emptyend
17/9/2017
18:30
Yes the results ... not so good and the market does not seem to be very impressed The way they read it looks like the dividend is under threat Also what about this Deferred tax liability of $157.8m at 30 June 2017 ? At some point this will have to be paid .... to who and when ? Chart has now dropped through previous bottom 5 yrs support level ... not good https://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3ASIA&name=&type=1&size=2&period=9&ind_type1=0&ind_type2=0&ind_type3=0 Make that 10 yrs support gone https://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3ASIA&name=&type=1&size=2&period=13&date1_day=27&date1_month=10&date1_year=2007&date2_day=17&date2_month=09&;date2_year=2017&;ind_type1=0&ind_type2=0&ind_type3=0 OK here is how I see it The FTSE 100 is now under pressure on a couple of fronts £ is getting stronger Boris is rocking the boat UK property market has started to fall Carney is talking about a rate increase coming All above = Uncertainty = FTSE 100 drop coming In fact it is now underway IMO FTSE 100 will see 7100 next week FTSE 100 will see 6750 within 3 weeks to 4 weeks Re OIL Any weakness over the next week to 2 weeks that coincide with a general FTSE 100 slide is going to hurt OILIES harder due to the double whammy effect Re SOCO Unfortunately for SIA the present situation catches it with its pants down in an embarrassing position at a 12 yr Chart low 100p could now equate with the FTSE 100 hitting 7000 IMO 2004 support of 75p could be tested IF the FTSE does hit 6750 as I think it will https://uk.advfn.com/cmn/chrt/chrt_wrap.php?epic=LSE%3ASIA&name=&type=1&size=2&period=12&ind_type1=0&ind_type2=0&;ind_type3=0 dyor and GLA
buywell3
17/9/2017
13:44
In case anyone interested & not seen. Soco International PLC 2017 Q2 - Results - Earnings Call Slides hTTps://seekingalpha.com/article/4106392-soco-international-plc-2017-q2-results-earnings-call-slides?ifp=0
fangorn2
14/9/2017
14:58
I agree, Nigel. If PoO remains at mid 50s (and of course it may not - it may fall back post storms) the reaction of shale will be interesting. Will the message that shale investors have yet to make any real money have begun to sink in, or will more capital get sucked in?The other interesting thing will be can shale prove that it is the new swing producer? Are all those wells that we're told are ready to start producing at short notice, and little investment, really going to prove to be there and able to respond to rising prices?I suspect many will be disappointed, but I would also doubt that shale has yet lost all its glitter, and so there probably will be more money coming in, and your prediction that $60+ is likely not to be exceeded just yet is probably correct.Of course, if one of the many possible wars breaks out all bets are off, in either direction.Peter
greyingsurfer
14/9/2017
14:24
There may be some kind of security premium attached to oil for a while, there's an article arguing that war is coming in the middle east this am, https://seekingalpha.com/article/4106827-iran-war-coming-buy-oil-stocks-now don't know if there's anything to it, we'll see, I'm surprised it's not falling given the gloom and doom and talk of electric cars, perhaps it's going to suprise on the up side for a while ? Indeed it will be interesting how the shale industry is able to react. K
kenobi
14/9/2017
12:51
The POO is going to be interesting. Will shale come steaming back into business here - from what we've been told it SHOULD do. Doesn't mean it will of course. I don't see much above $60/65 - in fact I think that's a stable area for now.
nigelpm
14/9/2017
10:25
...$55.44 this morning.......looking strong? Breakout looming?
emptyend
13/9/2017
20:33
One would expect that after SOCO has done all the investment and work and OIL is flowing ... albeit at reducing world prices due to oversupply as Electric cars roll off the production lines in 2018 in ever increasing numbers. One would expect that the countries in the far flung places SOCO have decided to drill will then want a bigger piece of their commodity action ... or else This applies in Africa as well as Vietnam and just about all other Asian and South American countries. Risk is the name of the game China is a huge wild card which could trump all else.
buywell3
13/9/2017
20:13
April 17th.
nigelpm
13/9/2017
16:31
.....ps.....Brent now over $55 for the first time since Lord knows when.............only another $50 to go ;-)
emptyend
13/9/2017
16:10
Doubtless we will get chapter and verse when the formal signing takes place. I wouldn't expect them to keep repeating terms for an agreed deal every time they mention it.What I am more interested in is the reason for the delay in signing. Everything was finally agreed in August and yet the formal signing date hasn't yet been nailed down ("October or November"). Why not? Does something else have to happen first? If so, what?
emptyend
13/9/2017
15:42
ok, well hopefully you're right ee, Interesting that not stake is mentioned today, btw for anyone interested you can see the slides here https://seekingalpha.com/article/4106392-soco-international-plc-2017-q2-results-earnings-call-slides
kenobi
13/9/2017
15:27
Kenobi, You seem to be doubly disappointed but for no good reason. The Annual Report stated a 70% stake and there is nothing in today's interims which suggests otherwise. PV would always be involved in any negotiations and SOVICO owned the previous seismic.
emptyend
13/9/2017
14:46
I am disappointed to read, "Following the 2015 signing of a Memorandum of Understanding, SOCO received approval from the Vietnam government in May 2016 to enter into formal negotiations with PetroVietnam and SOVICO Holdings over a Production Sharing Contract ("PSC") for Blocks 125 & 126, offshore central Vietnam. These discussions are complete and the PSC was approved by the Vietnamese Government and Prime Minister in August 2017. Formal signature of the final PSC is being arranged and is anticipated in Q4 2017. The capital expenditure for 2017 includes the purchase of existing seismic data for Blocks 125 & 126." I don't know if I'm the only one, or I misunderstood, but I was under the impression that the ownership of 125 126 excluded PV and left soco with a big share of the block in the region of 60 or 70 %. Is PV now involved, and does that push us down towards the more typical 30% ? If so I'd be interested in the terms, is this a free carry, K
kenobi
13/9/2017
14:46
I am disappointed to read, "Following the 2015 signing of a Memorandum of Understanding, SOCO received approval from the Vietnam government in May 2016 to enter into formal negotiations with PetroVietnam and SOVICO Holdings over a Production Sharing Contract ("PSC") for Blocks 125 & 126, offshore central Vietnam. These discussions are complete and the PSC was approved by the Vietnamese Government and Prime Minister in August 2017. Formal signature of the final PSC is being arranged and is anticipated in Q4 2017. The capital expenditure for 2017 includes the purchase of existing seismic data for Blocks 125 & 126." I don't know if I'm the only one, or I misunderstood, but I was under the impression that the ownership of 125 126 excluded PV and left soco with a big share of the block in the region of 60 or 70 %. Is PV now involved, and does that push us down towards the more typical 30% ? If so I'd be interested in the terms, is this a free carry, K
kenobi
13/9/2017
14:33
Meanwhile Malcy, who hardly seems to say anything negative about companies he follows says: SOCO Production fell to 8,606 boe/d from 10,862 but guidance has remained at 8-9/- boe/d which I presume will eventually be made up by further investment at TGT. With cash of $132m and approvals received for the next stage of longer term investment in Vietnam all looks good. I’m not a big fan of their African assets but they might buy a little more production if necessary. Finally I wish Roger and Cynthia well after a long stretch at SOCO, Roger was instrumental in getting me into looking at the company which has been extremely worthwhile. Http://www.malcysblog.com/2017/09/oil-price-bp-range-resources-chariot-soco-bpc-empyrean-columbus-sundry-iog-wgamfw-faroe-sound-finally/
lauders
13/9/2017
13:08
I wonder how many here bought for the dividend ? I expect it was quite a few of you ... come on , hands up. How many looked at the bigger picture ? Namely where was the price of OIL going AFTER you bought the SIA shares ? MACRO ... OIL price Plus I would add where the OIL wells are located V associated risk factors like 1. China wanting them by laying claim to that particular area of sea by say , creation of a new man-made island .... sounds ridiculous doesn't it 2. Country where the OIL well/s are located either decides to nationalise them or demand a higher rate of taxation 120p now getting to be a tough nut to crack .... unless you all pull together
buywell3
13/9/2017
12:56
deld,Yes you are right of course. But having volumetrics on structure sizes via 3D would be a major step forward. This is a useful illustration of the geology:https://www.researchgate.net/figure/271569577_fig2_FIGURE-7-Main-play-types-in-Phu-Khanh-basinThe main uncertainties don't seem likely to be source or seal.....but rather the hydrocarbon type. If its a gas basin, it would likely be passed on to others. But if it is oil, then that could be quite interesting.
emptyend
13/9/2017
11:04
but we'll need to shoot and interpret 3D before the upside becomes properly clear...I am still old school and prefer to have a hole in the ground with wireline and testing to evaluate upside, but we know what your referring to. deld
deld
13/9/2017
10:27
armunro,Not quite right. If it were then they wouldn't bother with 125/6. The potential upside there is quite significant as the basin is virtually unexplored. The key question is not whether hydrocarbons are there - it is whether they are gas or oil. It is gas in the basin to the north, but my understanding is that the company thing it could be oil in 125/6. Geologically on the surface it looks quite promising for some largish structures....and they will have mapped those on 2D.....but we'll need to shoot and interpret 3D before the upside becomes properly clear.
emptyend
Chat Pages: 981  980  979  978  977  976  975  974  973  972  971  970  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:30 V: D:20170919 11:58:06