Johandesilva
16 Dec 2014
Re: Curiously Yes Afren is "very cheap", but do note Constable B note says LEK break-even at an oil price of less than $30, while Afren is $40.
Constable B
16 Dec 2014
$15 Oil with Pioneer Status! Based on our internal analysis and assumptions, which incorporate the AGR Tracs CPR data, the Company will breakeven at an oil price of less than $30 per bbl (life of field basis) with the lifetime unit costs being in the mid to low double digits. This analysis does not include the potentially positive impact of the Pioneer Tax status which is currently being applied for.
MacPithy
12 Dec 2014
Curiously Just looked at relative Market Caps at approx at £420 mill Afren is just 4.5 times Lek's £90 mill ???Afren under valued???
MacPithy
12 Dec 2014
Re: Be Careful No terms on how the "loan" will be repaid???Suggestion that it would be used in lieu of salary / directors fees???Under the circumstances more than surprising???
Highlander
10 Dec 2014
Be Careful Of a bounce back possibly tomorrow to suck more in, then drop it like a stone mid morning Friday. Me personally would keep well away until as I say sub 20p Why line some Pros. pockets, the S. Cumbags have enough as it is, they shouldn't be allowed to do what they do in the first place. Possibly a good few underhand illegal moves involved as well, but it's proving it is the problem.
Highlander
10 Dec 2014
Re: : Future for Lek Hate to say it again Ripley 94 but !!! bet you wish you'd waited until today. Twice it's dropped heavily now just after you've topped up.Listen whether people believe it or not, and like it or not, this is BEING WORKED and nothing anyone can do about it NOTHING. I thought around 24p bottom but now DEFINITELY NOT !!! Lek I have no doubt, will go sub 20p before year end, possibly seeing 18p as max bottom early Jan. I just may think of taking £40 K 's worth here if I see 18p but " ONLY " if I see 18p , because I still feel this will take a long, long time to recover, and I just hate tying up my cash long term whatever the outcome. Hate to think what close of business on Friday will bring. Somebody has to be using a computer program to work this as they have it off to a fine art. Laugh if you like but it's a FACT.
Ripley94
09 Dec 2014
Re: : Future for Lek Got some more today.
foxx1977
08 Dec 2014
Re: : Future for Lek I'm still in. Still a believer. Not fussed about this fall - topping up when I can. Did ok top slicing some near the peak so a bit of pain now doesn't bother me. I guess it depends on your view of oil prices... No point holding if you're not bullish oil in the medium or long term.... If you are I personally think averaging into any of the hammered oil stocks now could pay off.....
swooped
08 Dec 2014
Re: : Future for Lek Yes I too had to bail at 36.16 after buying back in at 41 and 38, not too much of a loss but overall a very nice gain on Lek but I had to be realistic and this time did not get the bottom or the third time round but happy to have sold at 36 looking at the price today which to be honest I did not think we would see, and if my appetite for risk were greater I might now try another entry but once bitten and all that I'll wait till I see a rise before jumping in again.
Highlander
08 Dec 2014
Re: : Future for Lek Bet you wish you'd waited until today Ripley 94. Recon you'll see this touch 24p as a bottom. Still not as bad as some who will wait a good 18 month to get back to where they were +75p.Some here must be gutted especially the likes of Captportfolio who stated he had Millions of shares in Lek. Devastated would be more appropriate. So would I be if I was over £800,000 down on an investment, perhaps why we never hear from him since a long long time. Sadly it will take even longer just to get back to square one. That's why I pulled out, i like my money to work for me and here , and now , is the wrong time & the wrong place to be. To get any decent profit here ( for those stuck ) will take in excess of 2 years min. I lost a little on my last dip in here but overall made a handsome sum for my 3 times in and out. For now Lek does not even figure on my Radar Screen & won't for a long long time.
Ripley94
06 Dec 2014
Re: Future for Lek Took a gamble.
MacPithy
04 Dec 2014
Future for Lek Now looking for a double bottom once oil price and oil market finds its true market price currently oversold due to production/demand out of balance but the exact numbers are not yet known.Production to reduce due to evaporating profit margins and delayed investments so short term and longer term effects; demand to increase sharply due to the price decline of oil base products in short term especially transport but later general reduction of operational and raw material costs. But this will take at least 6 to 18 mths before the ripples decline and a new stable price level returns.Lek have a new potential asset which will require 6 years investment before cash returned depending on oil price and the availability of reasonably priced capital!I wish I had a spreadsheet with all the relevant numbers but they are lost in a fog of possible numbers. Watching and waiting.
Highlander
03 Dec 2014
Re: Nice Candlestick chart swooped sure you have that chart the right way up. Only joking in a light hearted way mate. Only it's no joke is it. Fortunately I got out a good while ago. But this is getting the R's shorted out of it, and seriously, I believe this will be in the 20's before the year end.Those responsible don't give a toss for the small PI's. They are also pounding the she it out of Lek, Afr, Hur, and a few others, of that there is no doubt, and possibly the same mob working the lot. These guys know where the quality is and know the stocks where the small Pi's are heavily into and won't give up on, so they know on these stocks they can use and abuse the greedy and the weak. They are also using a SOPHISTICATED computer program to carry this out, and without doubt some inside information as well. They are working it both ways ( down and up ) so it's a win, win situation for them. As the program tells them exactly what to do at every stage of the game. Sad mate but unless we can stamp shorting out for good, nothing we can do. Possibly also a lot of underhand illegal moves involved as well, but it's proving it.
Highlander
27 Nov 2014
Nice Candlestick chart Come back and say that this time tomorrow. Think you'll sharp change your mind about the nice chart before 10
0 am in the morning . Those pulling the strings here will make sure this goes in the direction they want it to for now.
swooped
26 Nov 2014
Nice Candlestick chart Looks like a healthy bit of consolidation and a bounce of the 20 day sma, macd rising and 14 day RSI still oversold, looking good for a leg up now.
