United Oil & Gas Share Discussion Threads

[markstevenkirby80] 26/10/2020 12:27

Will we ever see an all-time high

[9tintin] 23/10/2020 22:53

Tumbleweed blowing through,,,,,,,,,,,,,,,,,,,,,


ZZZZZZzzzzzzzzzzzzzzzzzzzzzz

tintin

[soulsauce] 23/10/2020 16:26

Mustbefunny what overhang?

Oh you must mean the one they created at 2.6p by trying to solve the one at 3p. Good job 🤔

[swanvesta] 23/10/2020 15:48

Would be good to get a handle on the fundamentals, wouldn't it. NAV is one thing, but what about cashflow and profitability?

[bad gateway] 23/10/2020 11:57

That'd be good. Back to the rockhopper placing price and sat nestled on the 200dsma. Any fundamental reason to expect a lift?

[mustbefunny] 23/10/2020 11:12

Overhang cleared!

[9tintin] 17/10/2020 19:23

Or even better - Encyclopedia Britannica - all 32 volumes !

tintin

[9tintin] 17/10/2020 19:20

A much better book to read while you wait for the share price to gain some transformational traction would be War and Peace ,,,,,,,,,,,,,,,,

tintin

[bountyhunter] 17/10/2020 18:10

Sounds like a good read while we await things here! 🙂

[the manini] 17/10/2020 18:03

It wasn't directed specifically towards you soulsauce but I do highly reccomend it and yes I do realise you was only being sarcastic :)

[soulsauce] 17/10/2020 16:41

Thanks for the heads up Manini it will be top of my Christmas wish list 🙄

[the manini] 17/10/2020 11:55

Anyone that doesn't believe the degree to which favour and broader market sentiment can weigh upon a stock should read Reminiscences of a Stock Operator. Considered by many to be a classic. The lessons are old but they are just as relevant today as they ever were because many things may change but human psychology doesn't. The collective madness of crowds will always hold sway over realistic valuations and common sense... at least for a while. Then the tide turns and can go just as far awry in the other direction. Wise lessons for those that choose to hear them.

[swanvesta] 14/10/2020 17:03

I think the market wants to see a bit more cash flowing in. The Crown payment will help as will evidence of improved cash generation in Egypt. Even then confidence takes time to develop?

[soulsauce] 14/10/2020 15:50

The O&G sector out of favour argument doesn't wholly cut it with me here. Yes it is a factor but the company has had enough good news to have moved on as some are doing in the sector as bad as it is.
There is more at play than just the oil sector here.

[the manini] 14/10/2020 15:30

Absolutely right dan the market will test ya patience to breaking point and beyond which is the reason so few succeed long term. Michael Burry made one of the biggest gains in history betting against the sub prime market yet for a couple of years the market continued to go against him because it was rigged and because the market was deemed too safe to fail. He had done his research, he was certain of his convictions and knew it was just a matter of time. While all around him doubted him he steadfastly believed and added to his shorts. The rest is history.By the time the O&G sector is back in favour and oil prices have moved back up we'll be in a fantastic position to reap the rewards. Stay patient.

[dandadandan] 14/10/2020 13:43

Compare the assets to the Mcap.
Just shows how out of favour the O & G Sector is at the moment.

Crazy times.

Egypt income on the way up and Italy is next in line.
All we now need is some good Jamaica news next.

Sit tight and just hold.
The market will correct itself and this will then fly, IMO.

Watching and waiting.

DDDD.

[swanvesta] 08/10/2020 19:18

According to the recent call, capex in H2 (which includes ASH-2 gas tie-in) will be 'nominal' vs the $1.6m for H1, so I've put down $0.5m. I'll assume ASH-3 will cost somewhere in the same region as ES-5, and I guess there will be a few other things including the Jamaica CPR, so maybe $1.5m for H1 21.

[soulsauce] 08/10/2020 15:51

No I think you are right swanvesta it seems Ash 2 gas is in the process of being connected. Seems rather a long time since it was first mentioned to be done.

[swanvesta] 08/10/2020 15:42

You could be right - I'm just reading from the latest presentation, slide 6.

[soulsauce] 08/10/2020 15:34

Do you mean ES-5 gas tie in, I thought ASH-2 was already tied in?

$2m seems a little on the light side.

[swanvesta] 08/10/2020 14:14

I'm looking at cash requirement for capex in H2 and 1H21. I have ASH3 and the ASH 2 gas tie-in and then maintenance on top, so does $2m sound about right for that?

[soulsauce] 08/10/2020 13:32

Oh well hopefully we might get closer to those ridiculous broker valuations some day, just hope I am still alive to see it.

[marunam2] 08/10/2020 13:08

100m+ shares at 2.60p.
2.60 to 3p, rinse and repeat and then take it down a bit more to shake weak holders.