Hello all.

Closed HNR this morning, may buy in again later once the excitement dies down.

Closed TTH this afternoon, made what I would have got in divi plus profit, so may buy in again later.

Holding SEY much longer yet.

Also BARC, PLR, fancy keeping hold of PLR for long term.

Watching JKX to see how far that will go down with a view to climbing back on board the bus.

Also watching WLW and hoping it will drift after all this bad news with Sainsbury and Morrisons. If the MKS bid fails, I have no idea which way WLW will go as it is always seen as a bid target. Mr Green will still have loads of money to spend.

BFP bought on last Fridays low, has some work to do there.

Ol'Green wont want Woolies - I wouldn't have thought anyway or MTN
unofortunately as he's come from discount retailing and headed slowly
but surely more up-market - it would be great but just can't see it...

SB

Fair point

Lobbed ROK +5, VAN -7 and MGCR +2.5 today. Nice and blue overall, especially with WHT ticking down. Love it when that happens - nice slow burner.

sw - will also look for a JKX re-entry at some point.

Oh, and FIB made up a wee bit too! ;-)

Big Al

Looking forward to it.

Price of Brent is up and ascending again so I expect these to go up tomorrow.

Seems to be the key, and the same goes for PLR.

Intersting stuff this Oil & Gas.

Risky but big profits.

sw

I've traded oil and gas for quite a few years. They say you should never get involved in the business you work in, but there are such rich rewards. Unlike a lot of sectors, once oil and gas gets up a head of steam it is a lot less "finniky" than other sectors. Moves are strong and fairly predictable. I suppose at the end of the day, black gold still rules our world and the main events of the past couple of years have been purely focussed upon it.

I currentlythink JKX could come comfortably back to around 105p and still be a very good buy on a pullback. There was a 2 month consolidation period before so there's no rush. I'll see where it settles and makes a range.

Al

Thanks for that Big Al.

I have seen in before with JKX backwards and forwards, and yes they are predictable.

I am particularly interested in the Mauritania finds and BG involvement more latterly.

They bought in from PMO back end of last year and everyone was surprised.

I see a deal occuring there as and when, which is why I have Sterling and in and out of HNR.

Great land of opportunity but without the risks posed in Arabia and Russia.

That is why these companies are falling over themselves to get a foot in the door.

I am excited about the prospects there and read up avidly anything that comes out.

Right time to shut down, good luck for tomorrow, speak then.