Soco Share Discussion Threads

[croasdalelfc] 23/4/2019 16:00

16m traded at 76.9 - ii buying in or swapping?

[steved9] 23/4/2019 15:56

EE - seem to remember the mute button on the side(near the volume toggle) also locks the screen?

[emptyend] 23/4/2019 15:02

Thanks Peter....but in my case its a sweep up from the bottom - and no lock icon. Sadly. Still puzzling.

[kenmitch] 23/4/2019 13:40

Strange how Soco continues to underperform despite the share price looking a bargain.

Soco remains the weakest in my small oil portfolio and the others, unlike Soco, are up today.

E.g Premier up 5.3% and up over 50% so far this year. Diversified Gas and Oil, paying a bigger dividend than Soco, up 3%. And Hurricane up over 5%.

And others up today include Volga, up nearly 20%, and Tullow up 3% and up over 30% this year.

Surely Soco will join in soon, and if not, then why is the share price continuing to lag?

[greyingsurfer] 23/4/2019 13:39

Sweep down from top right should open a menu which includes the rotate lock icon. It's caught me out before now!

[emptyend] 23/4/2019 13:20

Absolutely right, Stepone. My error in haste. Surprising it took so long to notify, but perhaps she was in the outback?As an aside, does anyone know how to correct an ipad that won't auto-rotate? ADVFN is not optimised for displaying in portrait.

[mick1909] 23/4/2019 12:10

Thanks stepone

[stepone68] 23/4/2019 10:27

I thought that was just the change in number of shares issued. It was dated 3rd April at the bottom. Was it actually a disposal?

[emptyend] 23/4/2019 10:23

....observant institutions ramping up the volume as a passive heir is selling down....

[kenobi] 23/4/2019 10:22

Interesting post ee re Ghawar, there's a lot of less oil than people thought, but Matt Simmonds was pretty clear years ago, in fact had it not been for the rise of shale oil, he would have been pretty spot on I would guess.

Shame they don't tell us about how production has fallen over the years, that would be interesting and if it's accelerating at Ghawar or leveling off, interesting they quote depletion at 1 or 2% but Ghawar has fallen by a 1/3 over what period I wonder ?

What's happened to the water cut ? It would all be interesting to know, I agree with investors in general that I'd rather hold bonds than shares, especially at the kind of valuation they're looking for,

K

[stepone68] 23/4/2019 10:21

Mick,

See details on slides 11 and 12 of the latest presentation. Note also license expiry dates.

[0rient] 23/4/2019 10:08

Some real big volume going through!! Its good to see :-)

[mick1909] 23/4/2019 08:04

I can't seem to find it in any RNS but just out of interest is the production from Vietnam light crude oil?

[avsome1968] 23/4/2019 07:26

With oil flying up soco will be turning over solid cash flow good dividends that will rise hard not to have in your portfolio for steady safe gains through the year.

[neftanikstinks] 23/4/2019 06:03

as we allknow, NIGELPM is a muppet, don't go by what he says

[mick1909] 22/4/2019 19:35

They say you learn from your mistakes all the best on your investments were all here to make money

[nigelpm] 22/4/2019 17:52

Fair enough T - all sensible stuff. Apologies for coming across a bit flippant but I really do think at these levels it's great value.

I wish you hugely well with HUR - also a large position for me - if it comes off shareholders will do very well.

[tournesol] 22/4/2019 17:49

Hi Mick

no gold. a rather chequered career with Stratex and Solomon has left me prejudiced against the sector.

[mick1909] 22/4/2019 17:31

Just out of curiosity do you have any mining shares so related to the price of gold?

[tournesol] 22/4/2019 17:17

Hi Nigel

If you are responding to my comments, I'd point out I do not have "an E&P portfolio". I have a portfolio which currently has 22% allocated to E&P shares (HUR 13% and PMG 9%) with a further 3% in ETP (the pipeline company) and another 11% in PMO bonds.

So my direct exposure to E&P is 22% with another 14% indirectly exposed.

That's quite enough for me. I don't need to increase my sector exposure. My expectation is that HUR will make strong progress over the next 12 months and my level of confidence in that forecast is high. I think PMG provides an option over TC succeeding with the GPA project - and have a solid level of confidence that this will occur within 2 years.

The holding in ETP and the PMO bonds provide a high level of return from fixed interest type holdings and high yielding utility type equity.

My recent investment in SDX did not work out well and has been dumped.

For the time being as far as E&P is concerned I am content to stick with my top conviction holdings rather than diversifying further. Outside of E&P I'm looking for quite different things of course.

[quepassa] 22/4/2019 11:56

good debate.

22551 + 22554 refer

[nigelpm] 22/4/2019 10:32

Got to be honest - if you can't find room in an E&P portfolio for SIA right now I'm not sure you'll ever be able to.

[crossing_the_rubicon] 22/4/2019 10:19

Poo is heading back up!

:)

Oil Surges As Washington Prepares To End Iranian Crude-Export Waivers

[mick1909] 22/4/2019 10:10

Thanks for the feedback just out of interest is the production from Vietnam light crude oil?

[buywell2] 22/4/2019 07:50

I note that at 75p many here are getting excited

How times change