Soco Share Discussion Threads

[0rient] 12/4/2019 17:35

Today on twitter: Peel Hunt names SOCO as their top pick!
SOCO International plc
‏

@SOCOIntPlc

Peel Hunt names SOCO as a top pick noting that the Merlon acquisition resets portfolio and that the “stock offers 8% div. yield and 17% production CAGR” #PeelHunt #SOCO #TopPick #OilandGas

[emptyend] 12/4/2019 15:36

Chevron bidding $33bn for Anadarko..........further up the food chain, but a sign that assets are too cheap?

[lauders] 11/4/2019 01:30

We will be ex-dividend on 9th May so let's hope that by that time we see some positive share price action. With the likes of PMG, TXP (I hold), TLW, and PMO showing life it is sad to see SIA (I hold) left behind. I know there are other companies in the sector not performing that well (JOG took a big hit recently for instance) and we have a dividend but we need something to reinvigorate SIA!

[stepone68] 09/4/2019 09:08

Full story;

[weeeck] 09/4/2019 08:52

So Norway is going to stop all drilling and oil production that it now controls.Or do you mean that as a sop to environmental campaigners they are no longer investing in foreign owned oil companies?

[buywell2] 09/4/2019 08:28

Just in

''Norway Is Walking Away From Billions of Barrels of Oil ''

discuss

[emptyend] 08/4/2019 19:15

Yes. Read the accounts.

[mick1909] 08/4/2019 15:57

So with the price of oil around 60-70$ they have enough to cover an annual dividend and capex costs?

[emptyend] 08/4/2019 15:35

Dividend very well covered from cashflow - should see some decent increases on a two-year view (one year dividend increases less certain due to capex needs to drill aggressively in Egypt - and first well on 125/6)

[mick1909] 08/4/2019 14:13

With a dividend of 5p/share so roughly 7% yield at 70p/share and the so isn't climbing is there a reason for this is it sustainable each year?

[dunderheed] 08/4/2019 09:17

Or it could be a lot of people taking advantage of their recent ISA allowances?

[linton5] 08/4/2019 09:13

This could be a proper move up to realistic levels some big trades lately

[pumph] 08/4/2019 07:37

Poor reporting ? Unheard of !

[0rient] 08/4/2019 07:14

Cheers EE..poor reporting by the journalist then!
Considering PMO is up something like 30% in the last month then its had little impact on them 👍🏻

[emptyend] 08/4/2019 07:01

Norway doesn't hold any SOCO (unless they had a stake in Merlon....v.unlikely). I checked their holdings on their website when that story first emerged.They do/did hold PMO, TLW and many others though.

[0rient] 08/4/2019 06:13

Hi Lauders..any idea on how big their stake in SOCO is/was? I've had a look on the major shareholder list and see no sign of them..
We did have that 7m volume day just the other week which hopefully cleared most of the overhang 👍🏻

[volsung] 05/4/2019 19:29

Do not mess with monkeys. People like monkeys and they will punish you

[linton5] 05/4/2019 18:33

Yea big debt is the way to go jotoha, no debt has proved a loser

[jotoha2] 05/4/2019 18:29

Well time has shown that all the positive stuff from Empty and Nigela has had zero effect here , it's in terminal decline , while quality tlw and pmo have shown the way to make some serious wonka.

[linton5] 05/4/2019 15:15

What does this company produce? Balsa wood coz it ain’t oil the share price is immune to it all have a good weekend all

[volsung] 05/4/2019 14:46

Its all to do with monkey juju. Don't mess with monkey juju

[linton5] 05/4/2019 13:42

At this rate 70p would be like reaching a £1