http://emerald-energy-een.blogspot.com/


I decided to start this thread due to the lack of interest via the other thread?
Today EEN with its partner GPX released what can only be described as outstanding news, a 3rd appraisal well in a field couple of kms across flowed 3420bo on a small choke, unaided and they still have not found the limits of this field. Reserves will released in the next 3 weeks and could go as high as 100mbo(speculative).
The market has yet to digest this latest news and imo the SP is still in the bargain range?

http://www.emeraldenergy.com
http://www.investegate.co.uk/Article.aspx?id=200812220700095529K
http://www.investegate.co.uk/Article.aspx?id=200901260700092060M
http://www.emeraldenergy.com/documents/20090126EENInvestorPresentation.pdf/
http://www.investegate.co.uk/Article.aspx?id=200902110700131142N
http://www.emeraldenergy.com/documents/EEN2008Results.pdf
http://www.investegate.co.uk/Article.aspx?id=200905060700127309R
http://www.emeraldenergy.com/documents/EENInvestorPrentation/May2009.pdf

cyril

well the bid materialised eventually, and though i only had a small holding, all profits welcome.

i actually topped up with GPX the other day, so i am hoping that one will also prove a healthy investment .... the jackpot for me would be a decent-sized bid for CFM, which has been indicated but is yet to be crystalised

GPX should be a pound higher !.....well it's bye bye EEN.

ah well, there were several peeps here who reckoned the bid for EEN should be north of 10.00 too .....meanwhile, i am very happy with my holding in GPX which is now nicely in the money

EK said 20 pounds for EEN, but he is sometimes ridiculous in his estimations.....I'm in Gulfsands as well and a little breakout is taking place at the moment.

indeed, for it took GPX quite a long time to break through that 200 barrier ..... ditto TLW through 1000

Been in what seems for ages waiting for this ...could be the market thinks that they could be the next target.

remeber that EEN and GPX shared the same Kurbet field (i think), so presume the reckoning is (a) that field has lots of potential and (b) sinochem may now be eyeing up GPX having taken out EEN

Sold out am, would have liked more but all in all happy my return. A 4 bagger in 19 months from starting this thread, wish i could achieve that more often and for me makes the case for investing as against trading.
aimho
cyril

Cyril, I may be missing something here but I thought the offer was for 7.50 per share which would also mean no charges to pay, so why sell now?

because there is a time element which is why the discount of sp to offer.
cyril probaly feels he can put the money to better use elsewhere

cyril .... as no one else will, please tell me what is the actual difference between trading and investing? ......
in both cases, one judges the entry and the exit point, hopefully with a profit ......
if you just go to sleep on a share (passive investor), as many do, there is a greater risk that a paper profit will turn into a bigger paper loss - there are a zillion examples of exactly that ......
if you are an active investor, then you can equally make wrong calls, but with discipline, will cut losses when they start to run away and sometimes cash in profits prematurely - only known with hindsight of course

A trader will only own a share very short-term, maybe a couple of minutes even. I have little interest in what a company does, I try and make my money and then get out and if I get out too quickly then so be it. An investor by definition is investing in the company and will generally hold the share for much longer.

In time terms, where one rolls into another is of course a grey area. I suggest you trade shares rather than invest in them.

DD ..... i think of myself as an active investor! ...... by and large, i too have little interest in what a company does, but try to make what i deem to be a respecatble profit .... this will vary, for obvious reasons and of course i make some real stinker calls too ...... dealing almost exclusively in CFDs, at least i do not have time strictures, though of course being leveraged, they can be verfy dangerous - which is why i generally reduce my portfolio when travelling

Unfortuately I am sad enough to sit here for most of the day ...

Thanks Cynic didn't want to be missing anything!

well this thread can really now be wound up so it'll do for a bit of idle chit chat

Maggie d/d has answered your question,thinking of investing my stake in
CEY (now they are below 90p),also many times i've seen such shares drop in the hope of bored holders losing patience, afterall wer're talking 2% tops?

cynic; you make some good points regarding trading/investing and i;ve over the years experienced both.For myself more investing than trafing as i'm not very good at s/term calls.
Lets take EEN as a prime example,read the header post,which in my oppinion made it imo an outstanding investment,little risk while a hugh upside. Others include KAH(which i sold much to early,31p to 84p) AFR along
with CHL. Of coutse your right to keep an eye on such stock,but it takes away the stress of short term trading.
cyril
P.S.
I'm interested in any suggestions for stock with the above qualifications

Thanks Cyril, It now takes me sooooooooooooooo long to invest in anything (used to jump in where angles fear to tread but have learned the hard way) I think I've time to wait for offer.

i think you could make far worse choices than CEY.

for myself, despite KB's little hissy fit, i am just about to have another look and BDEV, RDW, WOS and SVS and see which one (or two) looks to be the best buy or to have the best prospects ..... SVS is a probable, but a company that either physically builds or has a connection to same is another likelihood

Cyril, might I suggest TMZ and IOG, both of whom look on the `UP` and should do well in their respective fields over the course of the next 6 months / year. Particularly TMZ who are linked with IMG support and have recently taken Richard Sykes ( Sir ) at helm who I know is a very capable individual.
Only a suggestion but worth looking at.
Glad to see EEN have done well but I had 2m at one time when they were 2p and have no idea what the consolidation was as was `typically` scared when consolidation was muted and got rid of the lot !!! probably missed out an some thousands there methinks ??? good luck anyway

imo, they're both shit and wouldn't touch either, not even with yours!