"FTSE for the weekPlease remember, we're talking about the FTSE 100 (UKX) during trading hours and not FTSE futures. Though, in honesty, we're rarely surprised if targets are met on futures once the UK market closes at 4.30pm.As headlines continue ..."
" FTSE for the Week & SIRIUS PETROL AGAIN! (FTSE:UKX LSE:SRSP) Sirius Pet (LSE:SRSP) managed to provoke a shedload of emails due to its 49% intraday volatility following our article on the 5th. Importantly, the share has managed closure above ..."
"FTSE for Friday, Ferrari, and Sirius Petroleum too!We've chosen this oddball grouping, simply 'cos the FTSE 100 is pretty boring at present - no surprise as for many lucky ones, the Xmas holiday continues until next Monday.The FTSE closed ..."
Thanks TFF, today saw rather a large spike circa 50%^ at one point. Maybe the news isn't far off after all.. Hope you recoup any losses asap.
I see this like lots of other minnows I'm invested in now e.g. FRR, Solo & Sirius worth a gamble as others shun these during the O&G down turn I'm slowing taking cheap positions on all, especially FRR. Hopefully they weather the storm & blossom.
Any hot tips appreciated DYOR etc etc..
This share has been depressed for quite some time now...
This share has been depressed for an eternity. There is talk about huge transformational news being 'just around the corner' - but such talk has been spouted for an eternity too.
I'm invested here (and have been, to my cost) for an eternity (that's what it feels like anyway).
There doesn't appear to be much scope for further 'down-side' - but that said, that was what I was thinking when the share was 5 times higher than it is now.
"SIRIUS PETÂ (LSE:SRSP) is todays turkey. Which actually isn't too bad as being trapped at break-even is simply a matter of boredom. Unfortunately, this period of boredom has continued since 2012 with the share constantly failing to achieve any ..."
* Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
Many thanks to all that voted....including remorseful 'shorters' voting out of shame, lol
4,573 votes....that's a lot of irate investors !
The HMGovt epetition is a regulated and monitored site with legal authority !
* The Campaign is specialized among the investing fraternity only. The population as a whole would hardly vote for a ban on shorting...most people have never heard of it, have they?
Whereas, the other Govt epetitions command votes from the *general population..and if you check, NONE are doing better than a handful of votes !
Deramping SHORTERS !
Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is gone, 'he' is out of the way? You'd be wrong in most cases, for ( he ), the shorter, is often joined by others that keep the stock down !
Some stocks fall after GOOD NEWS!
The main reason for many pi's selling, is they are afraid they'll be left in losses AND because they FEAR shorters !
Consolidating shares often sees the sp fall as the *multi-bagger potential is greatly reduced. Shorters know this and will take full advantage to get 'longs' to give up and sell !
BUT, where does that leave the genuine investor that has put stocks into their pension funds?...holding losses again!
* Once pi's know the stock is being shorted...they'll SELL UP IN THEIR DROVES !
We can't both WIN !
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
* Thanks for all your support. We are now heading towards 5,000 votes!
* Investors are saying something? They are voting in their hundreds !
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
'Catch 22' .... No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
* When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more).
# The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated shorting !
The results will be reviewed by Govt legislators for further action! The FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either ban short selling, or to be better regulated !
Sirius (SRSP) started its life many years ago as a software/computing related company. Companies on AIM evolve. One business flops and another is injected into it. Today it is a natural resource company moving from Investment Company to an out and out Oil & Gas explorer.
Same old flannel I am sure you say. But hang on.
After successfully backing LekOil (LEK) in 2013 I have been drawn to a number of salient points about Sirius Petroleum. Afren director Toby Hayward joined the company 5 years ago to help the transition from investment vehicle into a sector specific player having deliuvered on taht move he left in September but he left a capable team in charge.
Flip through the years and Sirius has acquired the OML 95 asset in shallow offshore. Nigeria is ramping up its production and IML 95 may be part of that.
On 3 May 2013 Sirius announced that it had entered into an Exclusivity Off-take Agreement with Glencore under the terms of the agreement, Sirius has the right to deliver up to 60,000 barrels of crude oil per day.
I hear that a reduction in the core spending has been implemented and associated parties owed funds are taking shares in lieu (3.6p value) and director buying in November at 4p would suggest that the company has been set a correct course.
In December Sirius announced drilling results compiled by world renowned Schlumberger, and they were better than had been expected. Specifically: that it had reported better than expected results from the assets as seen below:
· Ororo Field hydrocarbon in place estimated at 35.2- 44.1 MMstb (P50 - P10 oil-in-place).
· Seven oil bearing sands (D1, D2, D3, D4, D5, F and G) were identified in Ororo-1 well.
· The P50 - P10 Recoverable Oil from the single Ororo-1 well estimated at 10.0 MMstb - 12.8 MMstb.
· The Ororo-1 well flow tested at a combined production rate of approximately 2,800 barrels of oil per day (bopd) from two oil producing sands.
· Ororo-1 well contains 125ft true vertical thickness (TVT) of net oil pay.
· The P50 - P10 Gas Initially In Place estimated at 396.5 - 557.6 Bscf with Recoverable Gas of 276.9 - 390.66 Bscf (P50 - P10).
Bobo Kuti, CEO, Sirius Petroleum commented:
The Independent assessment of the oil in place in the first of our portfolio of assets to be exploited, the Ororo field, indicates a greater asset base than we had originally expected. The long awaited decision to proceed with this development is a major first step for the Company, from which it can build value for shareholders.
Schlumberger has been involved in the project from the earliest stages of the Ororo Field and, due to the results from the Field Evaluation, we are now in discussions with Schlumberger to provide Project Management and Drilling Services to accelerate our development activities on this asset in order to get it to first oil.
The partnerships with Schlumberger and Glencore, which has an off-take agreement in place with Sirius, demonstrate confidence in our asset portfolio and the strategy of the Company to acquire and exploit proven oil and gas assets.
If fundamentals don't float your boat, and I cannot see the good news discounted in a £28 million market cap, then take a look at the technical.
The share price is floored at the bottom of a cycle that has repeated itself 3-4 times over the last 18 months.
The placing stock will soon be filtered out removing an overhang and with an appetite for speculators to take early entry I suggest buying now with a target of 6p initially,
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