Soco Share Discussion Threads

[alamaison5] 22/6/2018 14:08

Let fill it then, lol. Not with my money though. In at 100p.

[dealer1972] 22/6/2018 13:43

Glad I got that limit order in at 97p this morning ;) gap at 118p to fill!

[alamaison5] 22/6/2018 13:32

Looking set for a re-rate. I have 120p in mind. Short term.

[nigelpm] 22/6/2018 12:29

In full agreement. Sentiment will change on a sixpence.

[yasrub] 22/6/2018 12:27

I think the apathy towards SIA is currently justified. Whilst I believe/hope value will out - the required catalyst is missing. Instead of the phrase 'Show Me The Money' - it is currently 'Show Me The Deal' I guess there is a lot going on in the background - I should not have to guess !

[nigelpm] 22/6/2018 10:37

Plenty on the book - might have to pay a slighly higher price but there is no problem acquiring stock at the small private investor level at least - I've been dipping in at 97p this morning.

[dealer1972] 22/6/2018 10:00

Hargreaves. Limit order just got filled :)

[kenobi] 22/6/2018 09:53

who are you trading with ? I tried with iwebsharedealing yesterday had no luck,

K

[ed 123] 22/6/2018 09:41

???

There's plenty on offer on the order book. Offer has dropped to 97.1p.

Have you tried placing a limit buy or phoning them?

[dealer1972] 22/6/2018 09:35

Trying to buy a few more here but no luck through HL. Anyone else having problems buying?

[alamaison5] 21/6/2018 16:41

Ecuador said OPEC and its allies could agree to a compromise increase in output of around 0.5-0.6 million bpd.

Iran doesn't want to increase under pressure

U.S inventory is down. And fracking isn't economic under 60+. Many compagny have already closed. (shortage...)

To me it looks set for a compromise.

[kenobi] 21/6/2018 16:04

One thing to keep in mind is how long/short term these unexpected outages are, the danger here is that Iran doesn't agree to an increase and the others just start cheating on their quotas. Then when prices start to fall, and other capacity comes back on line, well what then ? who's going to cut then?

Interesting times, what happens if everyone produces more oil than the market needs should be fresh in peoples minds. the saudis have got an ipo to worry about too.

lets see how it plays out,

oh and the elephant in the room is trump and whether his hi stakes poker over tarrifs ends in a deal, or the start of a trade war, that might push demand down dramatically

K

[alamaison5] 21/6/2018 14:08

nigelpm 21 Jun '18 - 13:56 - 21270 of 21271

Aim low and get disappointed I'd imagine.

??? Not sure what you saying brov, ;-)

[alamaison5] 21/6/2018 14:07

Just bought in my first tranche 1975 shares. I Couldn't resist anymore, lol.

[nigelpm] 21/6/2018 13:56

Aim low and get disappointed I'd imagine.

[alamaison5] 21/6/2018 13:39

Aiming at 95p to buy.

[ny boy] 19/6/2018 12:07

All over the place, albeit, small moves, looking for 125p+ when buying momentum returns, until then add a few more sub 100p. Just bought (AOR)as a long term play today and added more (EQT) dyor as usual

[emptyend] 16/6/2018 11:36

That will also have helped volumes - though the moves and volumes were mostly in the afternoon as the oil price fell.Perhaps worth noting that Iran won their first World Cup match, whilst Saudia Arabia were comprehensively stuffed 5-0 by the Russians - to the point where even Putin appeared embarrassed for his guest. Just another national pride issue to throw in for the Saudis when it comes to the meeting in Vienna...... ;-)

[emptyend] 16/6/2018 11:11

On reflection, I see the big closing volume as entirely down to macro factors affecting the sector. The $3 fall in the oil price yesterday clearly generated some panic and blew through technical supports for oil traders (and those whose activities in oil equities are dominated by the oil price).Both Shell and BP had their biggest volumes for a year and Tullow and Premier saw £60mn of shares trade between them....against which the volume in SOCO should be seen as par for the course.The reason for all this is, of course, OPEC - who meet next week. There is a very good discussion of the possibilities here:https://www.cnbc.com/2018/06/15/opec-is-about-to-shake-up-the-oil-market.html......but - although some may have paid attention to Trump's warning tweet - nobody knows what will happen. I'm interested in the point made in the above article that the output cuts have been "deeper than expected".....and, particularly, why that might be. And, of course, whether that will continue. The market seems to be betting it won't.....

[nigelpm] 15/6/2018 18:53

Assumed that move right before close was just catch up on following the oil price down the $2 it tanked. However, that is one mega UT trade so quite possibly the big seller bailing.

[ed 123] 15/6/2018 18:52

Thanks for that, Emptyend. I had seen the closing trade but was leaving it to speak for itself.

Have a good weekend. :-)

[emptyend] 15/6/2018 18:24

So.....to save Ed the trouble, perhaps there was a seller in the background yesterday.....and he blew it into the auction. I hope I'm part of the other side of that trade with my "automatic" dividend reinvestment (first time I've tried that with Soco).