.

Highly risky as in the event of a hydrocarbon no show : you will be stopped out way down.....I'm in the shares so can wait for the next spud.....but spreads...ouch !....

You pay your money and take the risk, trading equities or spreads without a stop is risky.

Huge difference.....in this case....shares you can stay put for ages....not with spreads...

Thats rubbish, you can quite easily roll a future over from month to month, as long as you have funds to cover any loss plus your margin..

You are on the daily rollover or more longterm....believe me and I pray that you are right on this because I have the shares but with a spread of any kind you are taking a big, big, risk....so am I but not quite so big....

I'm on the June future, no difference between spread and equity except with an equity you need all the money up front.

Keeping the figures simple if I bought 1000 shares at 70p a share it'd cost me £700, with a spread if you buy £10 a point at 70 your downside risk is £700. Only difference tax and stamp aside is with a spread you don't need to stump up all the money when you place the bet.

and of course on spreads, while the profits are not taxable, your losses aren't allowable either

Very true Cynic, and of course there is stamp to consider on equities where as not on a spread.

And don't forget SB companies ARE the market - they make their money initially on the spread.

The spread however is normally very small, with equities however you pay to trade so very much like for like.

very heavy traffic today, but after a reasonably bright start, sp is falling away relatively sharply ..... that does not necessarily mean that bad news is in the offing and has been leaked to the privileged, but worth watching nevertheless

Had a sell order placed this morning for part of my holding @85

L2 buy orders now outweigh sells but not by much (250K), vwap sell 97.3 v's buy 71.65, was hoping we'd hold above 80 this morning.

Rumour is being spread (by not in the know people) about technical problems and having to re-spud.

Could well be just like the RKH "heavy oil" lies....... simply a way to make shorters some money, spread some lies and watch the muppets sell.

I've not heard any rumours. We're halfway through the drill so expect the sp to be volatile due to no news. This is normal behaviour, for an oiley with no producing assets and limited funds/chances of sucess.

I did watch the rig (on Marine AIS) move 20 metres or more due south away from the dill site last night, and its been parked there ever since, still in same location.

That suggests there could be some issue, normally the rig stays within 5 metres of the drill site but it clearly moved due south last night.

Maybe so, I'd expect an announcement if a re-spud was definatly on the agenda though. Possibly just realigning the rig mooring, lets hope theres not been a problem with the risers.

or perhaps discussions with HMG are ongoing?

I strongly advise a punt on PVR or LOGP and SLE as well as these....

A summary of the rumours is :

16th Feb BOP issues (due to broken connector) drilling stopped - LE moved away from drill site.
BOP bought top side to be repaired.
29th Feb BOP fixed and re-entry done after 13 days on not being in the hole.
1st March Well stability problems, drilling stopped again, LE moved away from drill site.
Weekend of contemplation ongoing as to next step.
Could be a sidetrack or a re-spud. Next news will reveal the delays and what is happening next.



And that is the summary of the rumours - it will be interesting to see how right, or how wrong the rumours have been when the news comes. To repeat, all of this is just rumours and nothing is confirmed. Do not buy or sell based on rumours, it can be very dangerous to your wealth.