TL1
09 Dec 2015
BanTrump if only for being guilty of being stupid and ugly ![link]
Dobboy1
09 Dec 2015
Re: Keep the faith... deal might fail in two following occassion: - Isobel2 blockbuster then the shareholders of fogl walk away from deal - Isobel2 poor then the shareholders of rkh walk away from deal less probability of share holders walking away but you never know ........................................RKH will have their votes wrapped up next week.....so the Izzy result doesn't come into it from RKH's side.I seriously doubt a blockbuster result anyway, just need to remember the "complex" was upgraded to 500mmbls and not just Izzy. And also, that several shallower targets on the Zeb drill failed.But if (at least) Izzy and Elaine come in, it will look promising for future exploration to expand out from them.
bobdog2000
09 Dec 2015
Middle East risk No one mention the risk of Islamist driven instability in the oil producing countries of the Middle East. That could inflict a shock on the price of oil in the medium term
Suresh786
09 Dec 2015
Re: Keep the faith... Ok sold approximately about one third of rkh shares and bought fogl shares for equivalent amount
Suresh786
09 Dec 2015
Re: Keep the faith... deal might fail in two following occassion:- Isobel2 blockbuster then the shareholders of fogl walk away from deal- Isobel2 poor then the shareholders of rkh walk away from dealless probability of share holders walking away but you never know
Dobboy1
09 Dec 2015
Re: Keep the faith... should sell rkh and buy fogl to end up with 20% more shares but risk is if deal fails ................................................Only three things that could make the deal fail.1. RKH major holders vote No.2. FOGL holders vote No.3. A better offer comes along.all fairly improbable imo.
Dobboy1
09 Dec 2015
Cheap Currently, appears to be a cheap way to get into RKH just now.... providing all goes to plan.RKH (up) at 25.75 x 0.2993 = 7.7pFOGL (down) at 6.48 to buy.
Suresh786
09 Dec 2015
Re: Keep the faith... should sell rkh and buy fogl to end up with 20% more shares but risk is if deal fails
Robpug_uk
09 Dec 2015
Re: Keep the faith... Give it time, Rocky will fall to match, it always does lol
iiTown
09 Dec 2015
Re: Keep the faith... 5p coming soon by the look of it.It's really dislocating from Rockhopper.
iiTown
09 Dec 2015
FOGL to RKH stretch Looking at the share prices and the upcoming deal, FOGL is now at 6.75p which implies around 20p per RKH.RKH is actually trading at 25.5p, so there appears to be over 20% premium on the RKH side. Does the market fear that the deal may not go through?
pond1
09 Dec 2015
Re: Keep the faith... Hi Muchaboutmoney,For several years I have been a follower of Jeremy Warner as well as several other financial columnists and have found him to be one of the best for accurate forecasting and like you feel that his reading of the current market situation is spot on.As Suresh786's post states, many millions of £s are being taken out of the oil industry and when the tide turns from a glut to a shortage, which it will, companies like Fogl will be sitting pretty.When will investors learn that exploration has to look at a minimum 5 year time span as you can't just turn on a tap if it's not even connected.
Suresh786
09 Dec 2015
CHEVRON CEO: 'Hundreds of billions of dollars are being taken out of the business right now' [link]
Muchaboutmoney
08 Dec 2015
Keep the faith... Jeremy Warner in the Telegraph has got it spot on in my opinion.[link] a read of this, wait for 5p then buy buy buy and you will be rewarded. Otherwise you may just have to listen to me rabbiting on about my 5p shares that are now up 10,000 % when they hit £5.You have been warned.......
Muchaboutmoney
08 Dec 2015
Re: Chins up Boys and Girls Absolutely agree MS.The market has moved into completely irrational mode. If you;re lucky it does this on the way up and gives you sublime exit prices and if you're unlucky if gives you prices like we're seeing now which are completely at odds with the assets of the company even when they are in cash.This reminds me of when the likes of Lloyds were at 20p and it became a simple bet based on whether you thought they would survive and fail.I strongly believe that FOGL and Rockhopper will survive this as a combined entity and will emerge the other side in a perfect position to take advantage of a fast rising oil price in 18 months time.I don't normally bottom fish but if this hits 5p I intend to buy into the point that my average price will be down to 15p.Should oil recover to $80 a barrel (and I am confident that it will) we could be laughing in 3 to 4 years time.If not, happy days as the economy will have cheap energy for years to come, driving around and heating your home will remain cheap and we are unlikely to see a recession so it should be happy days one way or the other!
