Soco Share Discussion Threads

[buywell3] 17/7/2017 08:37

OIL has been there before ... it will be there again

EV cars will be outselling internal combustion cars within 10 years

[jotoha2] 17/7/2017 08:33

The obvious never happens in the markets , will remind you of your $35 by xmas dreamer.

[buywell3] 17/7/2017 08:15

Cash poor countries can't afford to stop selling OIL

As OPEC has shown

USA Shale production has increased again, production costs have dropped by 50% in a year and are dropping further

The USA is exporting OIL and will export more

OIL will most likely hit $35 by this xmas

The catalyst being another major car producer following what Volvo have said ie stopping making new internal combustion engines by end of 2019 ... probable 2020 for next announcement ( within 3 months )

[lauders] 17/7/2017 02:36

From tidy 2 on the SDX thread. A higher oil price would be better for SIA of course, now if they could just time it with some decent news of their own we may finally reverse this downtrend for good.

[buywell3] 15/7/2017 18:17

5% of $2 Trillion is a decent sized float

In fact $100 Billion

More than the GDP of many countries, just shy of 50% of those in the EU

[nigelpm] 15/7/2017 12:01

Indeed - 5% sale is barely a slice - more like a tiny slither.

[buywell3] 15/7/2017 07:36

Dead right stepone68

SA are now cash poor , but so are lots of other countries, buywell has said this ages ago, and on here as well as other threads.





So the LSE is about to make a new rule to allow a sovereign nation float/sell under 25% of a new stock.

So the SA 5% gets the nod , no doubt due to certain government recommendations to do so.

Shame .... but as my dear old dad said '' money talks all languages '' , and so it does including Arabic .

I would not touch this float with the proverbial 10ft ..... ....

I watch with interest to see who will underwrite this Titan (ic) share issue

I expect them all to go bust as a result. I hope in this case they are Yanks

[emptyend] 14/7/2017 23:59

C'mon Kenobi. Even I sold 5% of my SIA stake at £22.....?5% neither here nor there in a macro situation - such as establishing a market for one's main asset

[stepone68] 14/7/2017 21:59

Because they need the money.

[buywell3] 14/7/2017 17:52

You have to ask yourselves why is SA now trying to get a shedload of $'s for 5% of a dying commodity that is now going into over-supply for a number of reasons

[kenobi] 14/7/2017 17:14

Well the Saudi's are bound to be talking oil prospects up aren't they, with the float coming up, if they thought future prospects were so good, I don't think they'd be selling even a slice of the company would they ?? and if they were so finely balanced I'm sure opec would have no problem making bullish noises, or even another minor cut to push oil up into the mid 50's

K

[emptyend] 14/7/2017 17:08

...aaaahhh..."technical problems". RIP Matt Simmons.I note that London is hoping to pinch the Aramco float from New York. Different rules?

[nigelpm] 14/7/2017 16:45

Imagine they are talking their own book however supply is on a knife edge and it will only take a reasonable hit to disruption to significantly amend the balance and send Shale into overdrive again.

[weeeck] 14/7/2017 16:28

Is this true or is somebody just talking up their own agenda. Interesting never the less.



Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “increasingly worrying”, due to a loss of $1 trillion ($1000 billion) in investments last year. The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems

[emptyend] 14/7/2017 08:44

Incidentally.....this week I noticed SOCO's name on a client list of a well-known M&A adviser in the energy and mining sectors. As far as I'm aware, there is nothing public domain that the adviser in question has actually done for SOCO........which raises the question of what they've been up to.Those who think "nothing is happening" are flat out wrong. But there is a big question mark over exactly what.

[buywell3] 14/7/2017 07:52

I note Tech stocks have took off again in the USA after the brief respite

USA shale OIL production doing the same as the USA aims to be a top exporter of the product.




































Presumably whilst the world still will buy it

[emptyend] 14/7/2017 07:25

Well I haven't seen all of last night's exchanges but the point about incorrect valuations isn't so much that PIs value incorrectly (though they often do.....usually with blue sky stocks of one sort or another.....explorers, tech firms, novel markets (Tesla?) etc).The point here is that the markets as a whole (including institutions) have gone "risk off" during the last few months - and they have thrown some babies out with the bathwater. IMO industry valuations on some of these companies will now be materially higher than the stock market's. I'd expect to see a few more deals getting done (following the recent deal in the services sector).

[ed 123] 13/7/2017 22:38

Fair enough. We all have our own ways. Good luck. :-)

[nigelpm] 13/7/2017 22:21

Ed - I'm a numbers man. I only invest in companies with strong balance sheets, good management and potential strong cashflows. Soco has the lot along with OPHR & SQZ - it's not a matter of "doggedly sticking with Soco."

[ed 123] 13/7/2017 21:52

Hi Nigelpm.

I'm trying not to come across as patronising.

Although I can see from what you've written that you don't understand, I already knew it was going to be that way because you are doggedly sticking with Soco.

I suspect I am wasting keystrokes here ....
(No offence intended.)

[nigelpm] 13/7/2017 19:53

That's the problem with your "PI's value incorrectly" comment ed - mark to market isn't what an intrinsic value investor looks for.

[ed 123] 13/7/2017 19:20

Hi Tournesol.

Dana, well, yes, I know what you are saying and I want to agree .... but the majority of Dana's shareholders were willing to take £18 per share. The fact that the buyer went on to make good money from the assets doesn't really matter to me. My stance, fwiw, is that if a takeover bid succeeds then the price was right by definition and I should be (and am) very pleased to accept.

Btw, I was holding Dana at the time and had been buying more in the slump ahead of the bid. I remember being absolutely delighted to get £18 per share.

Similarly, I'm holding Faroe Petroleum now and it's possible Delek could use its 15% stake to launch a bid. Atm Faroe is 78p. I could concoct a sum of parts to give a value of maybe 150p. It traded at 110p not long ago in the market. However, if Delek were to offer 110p in the morning I'd accept.

To me, my shares are only worth what someone will pay for them. If you like, I am 'mark to market' in my head. So, a takeover at a premium is always good news.

[tournesol] 13/7/2017 18:43

Ed

I am one of those who think the hostile bid for Dana was much too low.

If you look at what has happened to Dana's assets after the sale to KNOC you can clearly see that they were worth much more than they were sold for.

I agree that many PI's misprice stocks. But in the case you refer to it's you who is getting it wrong.

[buywell3] 13/7/2017 18:29

good stuff guys keep it up
























unlike the SIA SP