Maj B
14 Dec 2015
Re: Eirik Raude Yep, BOP failures AGAIN!!
Ovets47
14 Dec 2015
Re: FOGL - RKH The differential is almost certainly entirely down to the probability that the "merger" might fail.IMO, neither RKH nor FOGL is as valuable as the two combined, so I'm pretty sure the deal will go through.
master shanus
14 Dec 2015
Re: FOGL - RKH or the converse RKH is getting risked upwards that it may not go ahead.My guess is that RKH will drop. Oil just hit a 34 handle...
Ovets47
14 Dec 2015
Re: No fun Apologies - with the excitement of RKH sp actually rising, I forgot where I was.The argument still stands, but for FOGL, the starting prices (assuming the RKH/FOGL takeover goes through) are more like 25p and 50p respectively.
TL1
14 Dec 2015
Re: FOGL - RKH The difference is probably the risk, if for whatever reason the deal didn't go through you'd end up owning those FOGL shares and not 0,299 of RKH shares
iiTown
14 Dec 2015
Re: FOGL - RKH It is confusing and easy to multiply instead of divide and get a similar 20ish number. The sum is I think:FOGL = 0.2993 * RKHso FOGL at 6.75p = 0.2993 * RKHRKH = 6.75p / 0.2993 = 22.55pStill a big margin on the current 27.88p !
pistonbroke1
14 Dec 2015
FOGL - RKH At current FOGL share price you can buy into RKH for under 21p at the mo.
Ovets47
14 Dec 2015
Re: No fun It depends on your starting position.If your average purchase price is above £1 and for some I believe it's more like £2, or worse, then, yes, you face a long haul, which for some may not be realised.But if one's average purchase price is below £1, then things look a lot more promising.Unless posters state their starting position, their posts could be very misleading.
Empty Sporran
14 Dec 2015
Re: No fun Likewise since 98, generally a positive person but at long last have I have given up on these and for that sake all FI shares now that I own as a lost cause and as an income before I retire. FI shares may have some future value but I now believe that is a very long way off maybe 5 – 10 years and by that time the planet I hope will become a greener place for future generations. Will tuck these away for the grand kids now.Good luck to those that stay the course and live for ever in hope that things in the O&G industry turn around in the not too distant future.
Ace08
13 Dec 2015
Re: No fun Hindsight is a wonderful thing=====So is Common Sense
pennypunter
13 Dec 2015
Re: No fun "Just a matter of waiting".......I have been waiting since 1998.......that is nearly 20 years.....be prepared for the very long haul from my personal experience.......
Ovets47
13 Dec 2015
Re: No fun You may well prove to be right, after all, the market and especially the energy market is a proper snake pit, but at the moment and at current prices, I reckon the only reasons NOT to be invested in FI oil exploration shares are: 1. If you need your money now; 2. If you're shorting - there may be a few pence left to wring out of them, but the shorters have probably had the best of it now; 3. The company has oil/gas assets that would need the PoO to rise above $80, or so to be commercially viable. At the moment I reckon BOR.L is the only one; 4. The company looks as though it will go bust before PoO recovers. Otherwise, it's just a matter of waiting.
pennypunter
12 Dec 2015
No fun The share has dived and I expect it will be under water for a very long time......The lesson is a hard one....but the big boys always win....call it what you like but I expect further consolidation and eventual absorption by some bigger entity but rather than us profiting from this the various execs will take their cut and we will just be the mug investors who get things off the ground....Hindsight is a wonderful thingPP
Frogga
12 Dec 2015
Re: Eirik Raude What's everybodys thoughts about this please? surely we haven't been having yet more drill issues
Dejaview
12 Dec 2015
Re: Eirik Raude Just for info - She moved back 55m South to her exact original position at around midnight last night? May not be significant but make a change from politics!D
