Soco Share Discussion Threads

[nigelpm] 04/10/2018 09:27

Whilst there is undoubtedly some truth in that you always have to accept that sometimes the market is just wrong.

[eggbaconandbubble] 04/10/2018 09:02

Feb 2017: Brent $56 ......SOCO share price 160p
Oct 2018: Brent $87 ......SOCO share price 88p

Market finally realises very poor management!

[seven7seven] 04/10/2018 07:40

In both I beg to differ I believe Soco and then Ophir.

[nigelpm] 03/10/2018 21:40

OPHR then Soco for me.

[emptyend] 03/10/2018 20:18

Feb 2017: Brent $56 ......SOCO share price 160pOct 2018: Brent $87 ......SOCO share price 88pReally?....cheapest share in the sector?

[bhoddhisattva] 02/10/2018 11:11

Anyone else finding BUY orders are hard to fill this morning?

Just had 2 turned down from online trading.

Update: now completed/filled but unusually slow and tight IMHO.

[nigelpm] 02/10/2018 07:56

And relevant to that a reminder that PV chairman is in London with Soco this week discussing budgets for next year just as oil prices are $85 - can't harm investment discussions.

[emptyend] 01/10/2018 19:49

....Brent now at $86......

[emptyend] 01/10/2018 17:31

Good news that the well has been successfully drilled. Soon get to find out whether it managed to hit the same sort of large fractures that the first attempt did......

[seven7seven] 01/10/2018 13:49

Since tweet from Soco:"TGT well drilled on time within budget, rig off contract preparations for perforating underway."

[dunderheed] 01/10/2018 11:27

Yes I've got to admit was puzzled by that remark?

[stepone68] 01/10/2018 11:22

Ha ha, 777. Good one.

[seven7seven] 30/9/2018 16:43

Anythings possible, with Angola assets offloaded this week Soco can still look at adding a smaller providing asset to its resources. With Jann Brown & Mike Watts we know that we've got 2 directors that can pull of a flurry of meaningful and sensible M&A activity.

[nigelpm] 30/9/2018 16:16

No reason funding aside that soco couldn't make another acquisition before the Egyptian one completes fwiw.

[seven7seven] 30/9/2018 13:12

Looking very promising for H1 2019. Once the deal is finalised this will propel Soco to another level and can pave way for further M&A.

[lauders] 30/9/2018 01:53

I like the fact that SIA seem to have plans to continue with M&A action and that perhaps a future deal will really make the market sit up and take notice:

Soco International president and CEO Ed Story said: “In addition to providing a high-quality, free cash flow generating oil concession with significant development upside and exploration optionality, Merlon creates a new hub for our business in Egypt, which we will utilise to support further growth not only in Egypt but also the wider MENA region, both organically and through additional M&A.



Those buying at these levels may have made a good move. If the PR and general news-flow in this "news-flow driven digital age" can improve things may be looking up here and this is coming from a less than impressed long term shareholder!

One other Merlon related piece:

[nigelpm] 28/9/2018 10:52

Angola good as sold. Nice to see that done and dusted.

[general george] 27/9/2018 20:18

Lol Nigel,

My buys won't do much either.
But I'd like to accumulate as low as possible!

[tyler19] 27/9/2018 18:42

Soco has just been tipped as a buy in investors chronicle. Very bullish write up, consider the take over excellent value. Hopefully, it’s a long term trend change.

[nigelpm] 27/9/2018 17:54

Shhhhh!!!

Lol - don't think the size of my buys will make any kind of dent in the market - yours however might be a different story ;-)

[nigelpm] 27/9/2018 16:04

Presentation has now been updated on website. Slide 36. Looks good to me.

[emptyend] 27/9/2018 07:56

The director purchases are of no consequence. The two have voluntarily been taking a third of their comp in shares for the last 18 months (primarily to achieve the corporate policy of significant alignment with shareholders).The EBT purchase is very much more significant (as well as more substantial), in that it is discretionary. It is perhaps 10-12 years since there was a similar purchase......coincidentally IIRC that was also made at a similar price level.

[richalert] 27/9/2018 07:55

EBT share purchase. Nice, after losing most of my pension.

[nigelpm] 27/9/2018 07:45

Excellent - that ties in with what Jann told me yesterday - they saw 80's as a great time for the EBT to buy.

The other purchases are part of their share plan/salary so not direct market purchases in the same way you might usually think.