> http://www.investegate.co.uk/Article.aspx?id=200804020701443743R
http://www.imperialenergy.com
http://www.investegate.co.uk/Article.aspx?id=200807040700042799Y




Powered by IST's




Powered by IST's


img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=IEC&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">
cyril

At the moment I wish I was in just one or two stocks only instead of a broad choice...IEC coming good !.

you only wish that you only had stocks that were roaring ahead .... chances are that they would all be plummeting and you would then regret not spreading your risk - lol!

At least the dow is up tonight...might be a better day tomorrow !.

One thing that slightly worries me is that there is no mention of the proposed takeover on the ONGC website.
http://www.ongcindia.com/default.asp
I would have thought they would have been keen to promote the idea.

What...?, IEC stable...no movement.., strange....!., no ups or downs...weird !.

i confess to finding lack of further news somewhat disconcerting and have taken some profits as a safeguard

Does seem strange, I agree.
Very thin trading today on IEC. Sp down 7 to 1058 (mid).
Am happy to sit on my stock over the weekend, but have been thinking about top slicing at 1100p just to be safe.
I wonder if the stumbling block might be getting Russian approval, rather than IEC/ONGC reaching a deal.

Difficult to predict....if IEC turn it down, does that mean : they value it more (I would), and will the market think so and then think a bigger bid will be forthcoming....it's guesswork.

i suspect the problem, if any, is not with the IEC board

Could drag on for weeks...

More news to make the company more attractive to potential buyers:
"Bid target Imperial Energy has been granted a new long term production licence for the Golovnoye Field in Western Siberia and announced further progress in developing its Tomsk fields.

The company said the licence for its 47% owned Golovnoye field in Block 74 of Tomsk, Western Siberia lasts until 10 July 2028.

The Golovnoye Field currently has around 20m barrels of C1 and C2 Russian Registered Reserves."

Pushing 1100 resistance level again, but on tiny volume. Not gonna hold methinks.

looks as though there has been quite a lot of institutional buying which may well have sparkd the renewed interest

Drifting lower. Now approaching the 50 DMA line at 940, which I presume is the level for the active traders to watch? Does anyone have an opinion on the graph which is about the only indicator worth watching now, imo. Takeover could be a protracted affair, if it goes ahead, so how low can it go?

bad news in russia with bp is affecting all shares connected with russia......if bid doesnt go ahead, then this could tank.....all western money is leaving now from dodgy russia

If this doesn't go ahead then this WILL tank! No question imo.
But, if takeover goes ahead, then 1290p is the price. So the possible gain is currently just over 30%. Tricky dilemma.

of course, but even in the event of a non-event it is worth remembering that IEC is genuine producer of considerable volumes .... and don't forget that Khaz would not care to be referred to as Russia, which I think is where the bulk of IEC's licences and production are based, the balance being in Siberia.

it doesnt matter cynic......market will treat siberia as russia and with sentiment really dire on anything with russia, this will get bashed.....aricom, pog etc all down on fri

as for kaz, thats totaly corrupt too as anyone thats been there can testify too

so are italy, spain and greece! ..... the comment about russia has a different foundation

yes.....u r right cynic

italy at present seems to be really bad too......and with the sickening way italians treat roma gypsies etc and finger printing children, babies etc, they seem to be going back to the old fascist ways of 1930s with lots of corruption thrown in.

it will be at least another 40 or 50 years before russia might improve as a nation.....but i wouldnt count on that either