Soco Share Discussion Threads

[oilinvestoral] 15/3/2019 11:44

Over 1.6 million shares traded before lunch time ! Significantly higher than average volume

[oilinvestoral] 15/3/2019 11:41

Russiaguru

(1) significantly Better balance sheet
(2) 8% dividend
(3) History of returns to shareholders (half a billion to date)!

Trin has one of the worst state taxes on earth!
Trin receives a discount to WTI ($10) and we receive a $3-4 premium to Brent!

The jury is still out on JSE! They have huge potential but TBC

[russiaguru] 12/3/2019 17:56

Can someone tell me why soco is not expensive compared to the likes of jse, trin etc

[russiaguru] 12/3/2019 17:56

Can someone tell me why soco is not expensive compared to the likes of jse, trin etc

[dunderheed] 12/3/2019 08:36

Following on above, look at the amazing exploration conveyor belt at Cairn.
Why on Earth couldn't the "acclaimed" BD team here get this kind of upside or were they only looking for dev/ops opportunities?! Surely a bit of high quality impact exploration would have been part of a good "mix" for sia?
Also there are so many "cross staff connections" with Cairn (ongoing and historic) surely they could have shared some of the exposure to this?
All imho and dyor of course.

[dunderheed] 12/3/2019 08:08

Ah well that's good.
Hopefully that'll help the comparative kpi tsr for the well deserving bod to get their lti awards.

[emptyend] 12/3/2019 07:59

Indeed they don't own any SOCO. But they do own approximately 2% in Cairn, Premier and Tullow......

[alamaison5] 11/3/2019 22:33

happy: Norges does not hols SIA (Soco) or at least not anymore.

hxxps://www.nbim.no/en/the-fund/holdings/holdings-as-at-31.12.2018/?fullsize=true

[binarypilot] 11/3/2019 22:22

Living in Norway and knowing Siv Jensen is as thick as two short planks, (as well as looking like them), I would say this is probably a cue for oil to go on a massive bull run.

[laptop15] 11/3/2019 21:49

Put the soundtrack on for a bit of a laugh and to make it sound exciting...lol :))

[happy_plums] 11/3/2019 21:19

Found this which might explain some of the selling.

Last week, the world's largest sovereign wealth fund which manages $1 trillion (£780bn) of Norway's assets, announced it would remove investments in holdings involved in oil/gas exploration. This will involve the sale of 134 companies including UK-listed Tullow Oil, Premier Oil, Soco International and Ophir Energy. “The objective is to reduce the vulnerability of our common wealth to a permanent oil price decline,” said Norway’s finance minister, Siv Jensen.

[nigelpm] 11/3/2019 20:46

Done a little presentation and have been doing plenty of research, it really does look UNDERVALUED to me at present. News is key but we might get some good news soon on the Merlon deal. Or another acquisitions

lol - gave me a chuckle but get a better taste in music ;-)

[laptop15] 11/3/2019 19:22

https://twitter.com/laptop1515/status/1105184397228195840?s=19Done a little presentation and have been doing plenty of research, it really does look UNDERVALUED to me at present. News is key but we might get some good news soon on the Merlon deal. Or another acquisitions

[laptop15] 11/3/2019 19:19

Cheers lauders, appreciate it.

[lauders] 11/3/2019 11:23

Laptop15 - Don't think you are missing anything. They are just WELL OUT OF FAVOUR with the market and haven't produced decent newsflow like other O&G companies. Hopefully their new venture into Egypt will change sentiment but they need to start giving investors some drilling success and positive news-flow on other deals that may be in the works for the rose tinted glasses to return.

[buywell3] 10/3/2019 19:32

Lots of short posts ... here is a longer one ... what I wrote.

I am always interested in the MACROS that are behind the SECTOR of the company I am considering making an investment in.

But number one is the CEO and his track record.

A major MACRO just now is an obvious one , the price of OIL which drives OIL stocks like POG drives mining stocks.

China is slowing and has been for around 10 years now , but it's now slowing quicker.

Global Growth is slowing and people in most countries and Governments are worried.
This is leading to protectionism and trade sanctions , stronger countries can weather a storm from within using their own consumers to maintain economic stability.

The USA being the prime example.

I don't think anyone here will argue that a slowdown is in fact taking place and that OIL demand will fall as a result.

The last quick drop in OIL triggered the last drop in the markets , which has now been partially repaired as OIL has nearly gone back to where it was before the drop.

But have things improved regarding the Global Growth story as big nations like the USA and China have gone on a debt fueled binge and printed money like confetti.
Resulting in near ZERO interest rates and property bubbles everywhere.

These property bubbles are now popping in most countries including the UK.

In the meantime the USA has used its shale oil to become the leading OIL producer in the world. It has got so much that it can now supply itself and can export the stuff. Production costs have dropped as technology used has got better. Many Shale operations are profitable at $50 a barrel.

We are entering a dodgy period where there will be an oversupply of OIL because the USA has transformed its OIL production capabilities so that it can't be got at by OPEC. The tail is now wagging the dog ... woof.

Then comes the double whammy as Global Growth is stalling and indeed starting to reverse in some EU countries now. It is assumed that this is going to get worse later this year or next year.

As all experienced investors know , Mr Market is a forward thinking animal , forward by approx 1 year IMO.

Hence IMO OIL is now about to resume its slide as of now.

I expect this time the USA DOW Industrial index will test 20,000 within 3 months, by the end of this June.

If I am right HUR will see 30p as I have stated.

I am not short HUR , but I don't like OIL stocks much or any stock that lacks green credentials. IMO there are enough green type stocks to chose from without having to pollute a dying and now over-populated world.

[laptop15] 10/3/2019 11:15

Why the dropping share price here guys? Company looks in a sound financial position, with a pending deal. Also good dividend. Management are invested so aligned with shareholders. Am I missing something? Is the opex good? What are Total reserves? Any one got recent broker notes?

[dunderheed] 10/3/2019 10:07

Of course they are GG.
They are 100% top class connected "A++" grade BD team. (According to "some" on here).
Look at what they've achieved to date, in such short space of time.

If mgt didn't over value their "assets", hadn't made such a hash of Vietnam this would have already gone but, it's okay they have "similar" issues to face in Egypt which I'm sure, as experience already shows, they're going to do brilliantly at.

All imho and dyor of course and I await the drivel comments lol.

[general george] 10/3/2019 09:58

Sdx tried to get some BP assets.
Rto to thr tune of $500m. If Soco were looking at Egypt, they should have been all over that deal. The production was 70k or 80k.10 fold the production for double the price.

I hope they are looking at other stuff to compliment thus Merlon deal.

[yasrub] 09/3/2019 19:19

I have actually added this week with me earlier this year saying to myself - you have enough of these already ! When yields of 8% are being quoted I normally conclude unlikely to be sustainable but it is reasonable to believe with SIA that it is possible.

SIA is not seen as attractive currently and I believe that is fair comment. The last 2 years in particular have not given tangible progress and management need to be clearly aware of this - Vietnam is close to embarrassing in the sense that the relationship has yielded very little in firm capital commitment to actually uplift production. I suspect behind the scenes there have been many meetings and genuine reasons for problems but from my armchair little progress. There is room this year for improvement but I will not hold my breath. The Egypt deal once completed is suggesting production to double with plenty of explo activity - we shall see. ES interview was full of optimism and highlighting strong historical working relationships to take this forward.

I suspect management recognise and know it is time to deliver. I was intrigued to see the attempt with OPHR and now wonder if there is another deal to come. Those that were looking for a quick 10% return I think will either depart or need to stretch their timeline.

I don't normally attend AGMs but I plan to go in May - with this year I have decided to really see if they can deliver or take a view that the rainbow always seems to be just out of reach.

[stemis] 09/3/2019 12:58

AEWU - yield 8.5%

[dunderheed] 08/3/2019 22:04

Thanks very much ken much appreciated.
The only one I recognise which, from memory, is us onshore - dgoc.
I'll take a closer look.

[kenmitch] 08/3/2019 21:53

Dunderhead and buywell2.

I’ve edited my post to include several examples.

Always a bit dangerous going for a top 3 as any share can disappoint on shock bad news, but for what it’s worth:-

1. DGOC. Under the radar of many investors. Fab and growning dividend. 112p. I was lucky spotting it and posting on another site at just 70p.

2. CENTRAL ASIA Metals. 250p. Copper price crucial but analysts are bullish on copper especially as demand/supply becoming favourable, and added plus is needed for electric cars.

3. EVRAZ 580p. Short term. Fantastic dividend but good times might not last. Also share has already multibagged. But very low PE.

If wanting to reduce risk, then big FTSE 100 Companies increasing dividends like AVIVA, LEGAL And GENERAL, RIO TINTO and PHOENIX- Phoenix is about to join FTSE 100.

Other big divi payers include Shell and BP. Also VOD dividend is around 9% but risk of it being cut.

EDIT. Somero 360p. Results soon. Trading update ahead of them was “better than expected” so they should be good and good chance of increase to 6% dividend.

SAFECHARGE is yet another. Results Wednesday.

I hold all of these shares except VOD.

And also still holding SOCO where I sold for a very good profit years ago, and that was mainly thanks to emptyend’s convincing posts then. Since then I’ve been in and out several times, and each time at a loss!