Up 10% today any interest.

True....this market is difficult to predict....but BLVN is undervalued....

agreed hc but i firmly believe certain shares such as blvn are way under valued and will ride the storm quite easily - greece is just a annoying boil on the backside right now - & will be dealt with appropriately

wonder if the todays rns will actually start to be understood more soon like tomorrow!! gla

BLVN could be massively undervalued. Wish I knew how to calulate the volumetrics of the the Omicron fairway - 16km between Sapele 1 and Sapele 3 with net pay of at least 11m? Could be an awful lot of the black stuff. Time to do some reading

indeed pth - it easily runs into billions of barrels without breaking a sweat - gl

"greece is just a annoying boil on the backside right now" .... No it's not. It's affecting all stocks globally and is threatening to destablise Europe. If greece eventually defaults, the markets will get much worse before they get better.
Also, lots of stocks are undervalued at the moment, not just BLVN. The share price is currently 100p and that is the price at which the market currently values this stock.

Harry, I disagree with your final comment. The Market is ruled by greed and fear, which equals sentiment to some degree. The Market hasn't valued anything today, it's reacted to an event and chucked everything out of the window with no consideration as to what anything might be worth. To say BLVN is valued by the Market at 100p is simplistic in the extreme.

Then feel free to try and trade your stock at a price you think is true value. You might be disappointed.

Two entirely different things Harry:

"The share price is currently 100p and that is the price at which the market currently values this stock."

and

"Then feel free to try and trade your stock at a price you think is true value...."

But you probably can't see that, otherwise you would have given your original statement a little more thought.

"Two entirely different things"...... no they are not, but obviously you can't see beyond your own pedantic logic. You are confusing 'true market value' & 'current market value'. Perhaps posting late at night or early in the morning is not your strength.

If they prove up the reserves with a link between the wells....then it would be worth north of 500p, but we're not there yet but just to say that this in my view has to go up.....

The times I post makes no difference to my pedantic logic. As the saying goes, you can't educate pork.

well hc greece is still "an annoying boil on the backside right now" it will not destabalise europe anymore than it already has - due to ease of communications everyone who needs to know knows what is happening - the only instability is caused by panic - let greece sink and be done with it - i have said that many times in the past - the greeks will never manage their own economy properly - its their culture has been for centuries - carry on as normal just at lower sps for now

Harry, I thank you for considering me worthy of your patronising insults (there is some irony there I admit).

Perhaps rather than spitting out your dummy because I had the temerity to disagree with you, you could explain to a thicko like me (sorry Tabs, borrowing your turn of phrase) how the 'market' currently values BLVN at 100p? My original comment was intended as a basis for a small discussion, but got lost in the general, I'm having a paddy moment.'

"Pedantic logic" is not an insult. Your reputation preceeds you as an individual who tends toward precision rather than generalisations. Most of us think we manage adequately when it comes to trading stocks. You have the ability, albeit possibly unintentionally, to find cracks in our armour. As for spitting out my dummy, sadly I am old enough to have got past that stage and am able to deal with difference of opinions with a reasonable degree of equanimity.
On the subject of market value, I forget who it was who said that whatever you have to sell is only as valuable as the price someone is prepared to offer. QED, regardless of how you value the stock, based on a limitless amount of criteria, your stock can only be sold at the current market price which, rightly or wrongly, is c102p. That may not be a true valuation of the company, but if you are a seller, that's all you are going to get!
As for being 'a thicko'......... I plead the fifth amendment! ;o)

as expected pressure building on greece....

http://www.bbc.co.uk/news/business-15550422

Harry, if by disagreeing with you I find a chink in your armour, I can only assume you are protected by a string vest!

I do not believe the 'market values' anything, well not accurately, therefore the valuation has no value. QED.

Incidentally, I have never stated I could trade any stock at it's true value, nor did I suggest in any way that was my belief. In any event if stocks traded at their true value, we wouldn't have a market

"I do not believe the 'market values' anything, well not accurately"..... Either it does or it doesn't. Apparently is does, though inaccurately. Your post #201 also contains a number of contradictions....speculating on 'could' but without the knowledge to further the speculation. I could win the lottery, but without knowing the correct numbers.....etc etc.
However, I do agree that the markets are not driven by reason atm, which makes trading very tricky. I prefer to trade in and out of the miners at present, which are less prone to inexplicable wild swings.
I'll get my armour on ready for your riposte!

Nice to watch for once.lol

And who is being pedantic now Harrycat.

For clarity, in my opinion the market values stocks inaccaurately, so obviously it does but in an inefficient manner and round we go.

'Could' is not a contradiction, it is merely supposition. I don't have the knowledge to calculate the volumetrics of what BLVN think they may have, so rather than ramping and stating unequivocally they have billions, I am stating they could / may / possibly etc.

FWIW, I think they think they have a lot of oil & gas.

Prelims out: A loss of nearly $100m is unlikley to be viewed with any joy despite the continual successes with the drill. FTSE expected to open -100 as I type, I suspect the SP might go down a tadge.