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Tag: Reuters

  • ENCORE OIL AGM. Thoughts.

     

    Presentation of Jesus at the Temple
    Alan Booth can do no wrong!

     

    The AGM news. To get the full unadulterated presentation click on the link below

    http://www.encoreoil.co.uk/assets_cm/files/PDF/encore_oil_2010_agm_pres_14_oct_2010.pdf

    As AGM’s go this one ran very smoothly the chairman’s welcome went down well and we moved onto the formal matters at hand ALL resolutions were duly passed and the presentation was a good account of matters already known Except the appointment of Paul Doble. This raised eyebrows among my group. Doble has been roped in to the Catcher discovery as the Catcher development officer now some will see that as a significant development as Doble was the Project development guru on Buzzard! The Q=A session was rather dull with the Board refusing to be drawn on any questions that they considered close to the bone(price sensitive). Bloody typical!No point taking the Mic for a question as it became crystal clear that they would not be erring from their script!

    However Dan’s Brigade did manage to speak to two of the directors. After much small talk about the venue(Lovely decor’) we managed to put a good few questions to them about their whole strategy vis-a-vis asset sales and takeovers. We got the distinct feeling that this line of questioning was having an uneasy effect on them. Could it be that Encore are already in discussions with other parties?  I did detect a very quick lowering of the eyes when we asked who if any were after encore’s oil. “Well It’s still all up in the air at the moment” came the reply! “The more oil we can prove up the bigger the fish we will attract” and therein folks lies the key to the whole Encore strategy. Encore are talking the talk but their will be no asset sale or takeover until the figures are in for Cladhan and Catcher then Encore will be gobbled up one way or another.

    As for price on any takeover the best that can be said is that a 200p minimum isn’t beyond the realm of plausibility. It could be higher it could be lower. All depends on the prevailing global market sentiment which is plummeting as we speak. We could end up with about a quid the way it’s going. Big problems looming on the Global financial stage.

    We did speak and network amongst the great unwashed. One chap/investor was a very interesting character having been an army officer who served in Northern Ireland,Falklands, he’d left the army 7 months after the Falklands conflict. He was convinced that Port Stanley was going to become the biggest oil terminal this side of the North sea!

    All in all I’d say that Encore know exactly where they are going no worries here!

    Exit price for me 130+p.

     

    Daniel

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  • Encore Oil Nautical Petroleum. Alerted.

    ADR labels for dangerous goods, class 1 - Expl...
    Explosive news?

    Well here we go most Brokerages are now showing an RNS alert for the above two companies.

    News could come at any time.

    Encore news is thought to be re’ the AGM/Cladhan/Catcher.

    And Nautical could be news on the Catcher spud.

    Investors are advised to read the previous post.

    The contents of the RNS’s are causing great debate here in the City of London! An explosion of rumour and counter rumour prevail! Just what could they contain?

    Who knows but one thing is for certain news can only be POSITIVE!

    Hola!

    Daniel

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  • Encore/Nautical. Catcher/Kraken/Cladhan.

    Transocean Galaxy ii Rig


     

     

     

     

     

     

    This week is a VERY important one re’ the above two companies.Institutional investors who have already taken positions in both company’s are thought to be expecting major news this week. Encores AGM (which has had a change of venue) this week may well provide an upbeat commentary on the state of play thus far. There can only be positive news from the Board which should enhance the sp. The Cladhan news on wire-logging is known to be completed and there should be an increase re’ the oil column figures, so it is very important that Encore investors focus on this week.The Catcher drill which the company pencilled in for the middle of this month coincides with the AGM, coincidence or not the Galaxy rig is now in situ.

    Once the spud has been confirmed by the operator (Encore) then some believe that the sp of the companies involved can only increase. I think that Encores’ sp certainly has a long way to go a doubling is quite literally very possible bearing in mind that Catcher AND Cladhan still have not yet been fully quantified a minimum 200p has been set here within the city as the bottom book figure!

    Nautical are in my opinion still trading at a significant discount as to where they should be. Price targets of 600p often quoted by Brokerages will almost certainly increase with any further oip increases re’ Catcher. When the FDP’s are approved for Kraken, Catcher,Mariner the whispers here are that Nautical could be trading at £10! Yes that’s a massive hike from where they currently are.

    So keep your fingers on the pulse and focus on your investments.

    As always please research your investments.

     

    Hola!

    Daniel

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  • ENCORE OIL!!! The Masque of Anarchy!

    A group of English knights attacking French di...
    Unite and Fight!

    This is a general call to arms. I am calling on Interactive Investor,London South East, ADVFN,Google finance,Yahoo finance and all internet private investors of ENCORE Oil to hold their Encore oil stock !

    News is in! I repeat; News is in! For once get one over on the city of London by uniting and holding for a 150/200p price target that WILL be hit on a positive news release on Cladhan that is known to be about to break!

    “Stand ye calm and resolute,

    Like a forest close and mute ,

    With folded arms and looks which are

    Weapons of unvanquished war.

    And if then the tyrants dare,

    Let them ride among you there,

    Slash, and stab, and maim and hew,

    What they like, that let them do.

    With folded arms and steady eyes,

    And little fear, and less surprise

    Look upon them as they slay

    Till their rage has died away

    Then they will return with shame

    To the place from which they came,

    And the blood thus shed will speak

    In hot blushes on their cheek.

    Rise like Lions after slumber
    In unvanquishable number,
    Shake your chains to earth like dew
    Which in sleep had fallen on you-
    Ye are many — they are few”
    SHELLEY.
    Get it right here and there’s a massive profit waiting to be had!
    Daniel
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  • Encore Oil. Update!

    Delta II rocket - ICESat and CHIPSat
    The ENCORE rocket! Departing the Cladhan drill!

    Now lets see where were we? Ah yes; here we are. Encore oil are currently sat on a huge find as we all know at Catcher with an expected  increase in OIP.

    Now Cladhan; currently estimated to be 200 mb with the down dip side track drill thought to be about to encounter MORE oil! Yes there’s a whole host of whispers doing the rounds here. I expect that a 150p price target WILL BE REACHED BEFORE VERY LONG! Make sure you take your profit. Derisk it!

    Remember Encore are known to be well into the side-track drill. Best guess here in the city is that news could come tomorrow  but (the infamous “but”) my understanding is that operations are in full flow which means that early next week is more likely. Currently trading up on the day as the expectation grows of further good news. 150p is a certainty providing the news from catcher and cladhan is positive. Always do your own research and do not rely on anonymous bloggers who keep getting it right!!!!!

    Daniel

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  • Nautical Petroleum/Encore Oil. Mammon speaks!

    The City of London skyline as viewed toward th...
    Charnel houses of London

    The share price of these two beauties have started to consolidate/firm up.

    The signals coming from the city of London will in my opinion get stronger and stronger. As each day goes by Encore’s sp has gradually increased i expect that there will be a continual slow creep up here as news on Catcher and Cladhan begins to filter out through the usual channels.

    Nautical’s sp has certainly began to move in the right direction as we reach the half-way point of the Kraken drill,which i understand is currently ahead of schedule and going well, Catcher will certainly add more value here. If you recall some time back several of the posts on here were recommending these two as terrific buys. Since then Encore has steadily risen to 80p from 55p. Nautical has risen to 168p from the mid 130’s. As always try to look a few weeks ahead and not at the trades minute by minute set your targets firmly and stick to your entry points and exit targets.

    The worship of Mammon
    The Worship of Mammon

    Expect re-ratings on both companies as greedy brokerages try to claim credit for the gains that were trumpeted on here months ago.

    The way Encore are heading is very pleasing and in my opinion 100p is more than likely a wee bit on the low side given the potential upside in sp from Cladhan/Catcher oip.

    Similarly Nauticals rise towards the 200p target is now looking ever more likely a tad low. Kraken/Catcher news should see a spike through the 250p/300p upper in-house targets secretly set in the London charnel houses of Mammon.

    These are interesting times for the above companies. Privateers are known to be chomping at the bit awaiting news. Once any confirmation is released vis-a-vis Nautical/Encore then there will be a surge in investment as PI’s try to get in as the spike rises.

    The play has now been firmly set, a drama is about to unfold; hold your nerve and watch them go; the final fence is fast approaching and the finishing line is well within sight. To use a well worn phrase “You’ve got to be in it to WIN IT!”

    Daniel

    As always please seek professional advice before investing these are my personal views.

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  • ENCORE. Cladhan/Catcher. A thought here!

    The Reuters Building in Canary Wharf, London B...
    Reuters UK

    As previously mentioned here Premier are known to be discussing Encores Catcher operators’ licence and greedily eyeing their stake.

    However there are now two schools of thought currently being discussed here in the city.

    The recent Cladhan drill has certainly put the wind up Premier vis-a-vis Encores’ Catcher stake.

    The news from this end is that Cladhan now puts Wintershall in the driving seat for a possible takeover of Encore bearing in mind that Wintershall are tied into the Catcher discovery with a 20% interest. (See Reuters link).

    Premier will now know that Wintershall are the front runners in any attempted takeover/asset sale the best that Premier can hope for is an Encore sale of Catcher if Premier become the operator of Catcher. Now this can’t happen until the full oip ,which is expected to increase, is known.

    The Wintershall interests in Catcher and Cladhan (which again is expected to be at the top end of the 200 million and will probably surpass it) given Encores raison d’etre must surely add up to at the very least an asset sale to them with the cash being returned to stock-holders via a special dividend. The more likely scenario is a full blooded takeover by Wintershall of Encore.

    So goes the thought here.

    There could quite literally be a bidding war here for all or part of Encore.

    My advice is to hold your stock and top up on any fall.

    Encore could be handing out big cash divis’ at the very least before Xmas or as most analysts think be gobbled up by one of the above mentioned Oilers.

    Sell at your peril Massive gains are on the horizon here for those that hold.

    Daniel

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