Soco Share Discussion Threads

[emptyend] 17/5/2019 11:44

Worth noting the AGM is next week. It would be nice to see a detailed work programme for both Egypt and VN. I won't be able to make this one but hope that others will.

[russiaguru] 17/5/2019 09:20

maybe Soco should take a look at SDX, has a lot of potential but poor execution. Would give them some great assets at a cheap price

[stepone68] 17/5/2019 09:12

It looks like we are roughly valued at $14 per barrel 2P. Seems cheapish, and we have Egypt and Vietnam blocks 125/126 in for free.

License extension seems likely to happen at some point, but production by then is going to be maybe 2-3,000 barrels a day, maybe another 5mmboe on reserves, or 15p on the share price.

[volsung] 16/5/2019 19:42

Twas the mistake re the monkeys that cursed this share

[mick1909] 16/5/2019 18:53

Thanks for the feedback what's your opinion on Egypt being a success? Is it a binary bet?

[creditcrunchies] 16/5/2019 16:31

Seems like we are waiting for this stock to get resuscitated needs a few thousand volts up the rear end

[patterbu] 16/5/2019 16:16

very, very , seldom post, but i have made a few bob over the years from SIA but, in order to make that have sold a shed load. so now my holding is not a lot , but still watch with interest. by the way the divi is ok as well. just do not want to offload at these prices ( overall after the early giddy gains when I sold, the remainder still, i think after divis, have a small gain)
does not help but out there are still investors who watch and perhaps>>> wait???

[nigelpm] 16/5/2019 15:42

Remember there is a good chance (per mgmt team at least) of extending the license a further 5 years.

[stepone68] 16/5/2019 15:38

Trouble is that production has been dropping for the last 6 years, reserves are being written off, and the licence end dates get closer and closer.

Egypt might save the day, but remains to be seen.

[mick1909] 16/5/2019 15:25

With a 4th consecutive yoy increase in dividends why this share keeps falling? with the price of oil rising a sustaining rising dividend is achievable this makes no sense why the share price is dropping?

[bhoddhisattva] 16/5/2019 09:43

Charts - or “reading”; charts to try and judge investment timing and actions - is a very sad display of what psychologists and others call “pareidolaR21;.

The human brain - originally for survival - is very good and fast at interpreting patterns to detect recognisable shapes - e.g., a lion coming towards you ... but that same pattern recognition misleads us if we’re not careful into seeing meaning in random noise or movements or shapes where there is none.


Technical analysis is a total oxymoron ... it’s little better than reading tea leaves.

[dealer1972] 15/5/2019 16:13

Stop posting drivel on here then and save a few thousand kilowatts!

[cwa1] 15/5/2019 10:28

Buywell refers to himself in the third person therefore he is a bit...

[buywell3] 15/5/2019 10:16

Buywell does not like stocks that are bad for planet Earth

There are plenty to chose from

You don't have to help destroy what is/was indeed a very beautiful and balanced creation



Think

[knowing] 14/5/2019 14:51

He want's to buy cheaper

[ny boy] 14/5/2019 14:51

I’m not selling, just collecting divis.

Will check back later in the year, hopefully the share price will be above 75p by then!

[ballymoss18] 14/5/2019 14:37

Why dont you think so?

[buywell2] 14/5/2019 14:26

I don't think so

[knowing] 14/5/2019 13:26

I wonder if that's our seller done

[emptyend] 13/5/2019 20:42

.....mmmm.....weren't you in GBP? Fundamentals or charts?Charts have a role in trading currency pairs. But for less liquid, newsdriven stocks.....? Nope (even when news is slow!!)

[greyingsurfer] 13/5/2019 17:27

Not quite the right metaphor! I see no indication EE is throwing the baby (fundamentals) out, just the dirty bathwater!

[ohisay] 13/5/2019 16:34

but charts tell you nothing about the direction of future prices

When somebody uses the word nothing (or another black and white epithet)you should generally run for the hills.
Try looking for empirical evidence to support that word nothing - you wont find any.
EE just throws ALL of the whole technical bathwater out with the fundamentalist baby.

(And I'm a 30 year investor too)

[linz22] 13/5/2019 15:26

..and immigration.

[joestalin] 13/5/2019 15:16

'as with the alleged existence of God, climate change, etc)'

You forgot about the alleged benefits of being in the EU.

[emptyend] 13/5/2019 14:30

I don't need any guidance on charts, thanks. I have 40 years of experience of watching them be misapplied by others.It is, of course useful to know that others (aka mugs) will be buying or selling at certain levels - but charts tell you nothing about the direction of future prices and have little or no impact on dealing profits from news-driven stocks (though, of course, believers would have one think otherwise.....as with the alleged existence of God, climate change, etc)