Re: Unmitigated Disaster! £44,100 check ur maths.
Re: Unmitigated Disaster! £50,000 check ur maths.
Re: Unmitigated Disaster! MD buying 90,000 shares, if thats not a strong belief that the company is heading for good times, I dont know what is. Why would he risk nearly £500,000 of his own money if he thought that company couldnt fulfill its forecast.Heading north in my opinion. As always, Dior.
Re: Unmitigated Disaster! Is today's trading signaling is ready for the bounce?1- managed to finish above yesterday closing price2 - CEO buying 90K @49p today
Re: Unmitigated Disaster! Correct figure for gas is three million per day.
Re: Unmitigated Disaster! I for one am looking forward to his yearly update. It was early Feb last year , he had had a half decent return, mainly because of one share rising 500+%. This year has been a disaster I suspect barring a couple of winners. Out of 20 some must come good , but alot of miserable punters I suspect.
Re: Unmitigated Disaster! Fair post, tired and confused.My opinion is that this guy is worth reading as a guide or indication of shares that are worth researching. I also read his daily blog to make sure I catch up with anything I've missed, cos I don't check at 7am each morning. Importantly, he also gets access to ask questions of leading personnel in these companies, to fill out the flesh from limited information in RNS's, which is something that it's hard for individual PI's to do. Where to beware - his technical knowledge appears to be similar to the average punter on this board. For instance, in today's post he notes "at 3,000 million cubic feet per day it is still only at initial testing levels". Well, I'd settle for this rate, but unfortunately it's 3,000 thousand cubic feet a day. A slip of the pen maybe, but it does seem to happen often whenever he ventures into territory near technical explanations that aren't a direct lift from RNS text. I just assume he's a City boff rather than an engineer, and some of his contextual ideas on stocks are helpful.The sport stuff is tiresome...HTH - I don't hold many Pantheon shares so I'll just continue the long wait for them to come good
Re: Unmitigated Disaster! tired." I'm not just going to sit and hold". That's what i will do here I had over 200 shares a few years back, more now.I am sure its about Patience ... not jumping in and out.R
NEW ARTICLE: The Oil Man: Pantheon Resources "All sorts of influences on oil and gas prices yesterday. All started well and WTI reached $60.74 and Brent $67.29 before excitement was cooled off. The early buzz was primarily geopolitical, with sights of rioting in cities across Iran making ..."[link]
Re: Unmitigated Disaster! I sort of agree your comments but any O&G exploration play is a gamble whatever a tipster says. We all know that most will fail which is why the winners if you pick them will return multiples.My read of the drop was more funds will be required and income further delayed = cash call/dilution
Re: Unmitigated Disaster! Malcy covers a lot of shares this means he really can't be classed as a tipster, IMHO, he's more of a pundit and a source of information which comes with a view.Once you hold 20+ shares the law of averages suggests there is little benefit in holding individual shares over funds. In effect you have created your own funds. I believe I am right in saying that there are over 4 x as many investable funds of various types for punters to invest in than shares in the market all of them making a living from slicing off profit for the service they provide. Some make you money, some lose you money. Because Malcy covers so many, he must come up with a few winners and he will also cover losers.Malcy doesn't charge a fees and provides information which is pretty much a regurgitation of information in the public domain. This is freely available to anyone. He does have his annual list of 'hot shares' again given away free. The advice I would give myself if I were to be interested in his forecasts was buy an equal share in all of them at the beginning of the year and hope that you make a positive average return over the 12 months but that is in effect creating a little fund and that is not why PI's buy individual shares, they do so to try and beat average investment returns. But, so often people just pick a couple he covers, that they like, based on his comments and hope they back the right horse. The result is either disaster or self satisfied success for outperforming the market. This one didn't work out for you, or me, but it might yet!I hold a few of these and I face the choice of averaging down or selling. I'm not sure which at the moment but one thing is certain I'm not just going to sit and hold. All I can say is the news doesn't indicate this sort of drop. So what don't we know? That's the question? Is it an opportunity or a trap? I'm not sure.AIMHO and DYOR
Re: Unmitigated Disaster! I suspect this is only the first wheel to fall off. Pantheon fail to distinguish between reservoir rocks and non-reservoir rocks. Just because a lithology has some shows when you drill through it, doesn't mean it will flow. The Eagle Ford/Woodbine is not a good reservoir in this part of Texas and their talk of identifying mini-basins on poor quality seismic is geological rubbish. The Double A wells field is an exception, but even there, the operator (a far better company than Panthoen & its operator) had no ability to predict whether the reservoir would be good, bad or indffifferent.I suspect the Wilcox results will be the same - poor quality reservoir that won't flow (which they will likely blame on operational problems).Increasing their working interest was sign of desperation. the way, Jay Cheatham's quote in today's release that "we have discovered commercial hydrocarbons in all six of our wells" is simply untrue. He needs to remove the word "commercial".This share has probably already hit it's highs for the year.
Re: Unmitigated Disaster! Still think this drop is overdone.....hopefully we'll get some sort of bounce as we move towards latest drill results in Feb.
Unmitigated Disaster! I'm down now more than 50% over three years. Jay Cheetham and that dreadful oil man Malcy have lost total credibility as far as I am concerned.
Re: Results of tests a way off - see RNS. I ... Apparently not EC