looks like its hit oil, don't know whats gonna happen, any idea's ???

A famous tipster (I won't give his name as it would be unfair to his website) has just tipped this stock to do very well this year, I hope he's right as it does look to have a lot of as yet unfulfilled potential, and I'm in.

Either the market re-rates or a bid

When Tom originally tipped this share on New Year's Day the share price stood at 132.5p. The share currently stands at 143p - a gain of over 7% already...

Northern Petroleum* (NOP). As a non-treehugger I think oil has a bright future. The supply demand balance remains tight and the risks remain to supply not demand. This has been a central thesis of this site for some years. And, as such, we always maintain that you should own some oil shares. The shares (tipped here first at 13.25p) now trade at 143.5p.

As a liquid stock they have been hit by a malaise in small cap stocks (panickers find this an easy chip to cash in). The market cap is now 101.5 million. The company has c25 million of cash and equivalents and will - this year - be profitable. The value of its assets in Holland and Italy are largely benchmarked by corporate deals and the market value of ATI Oil at a minimum of c130 million.

My own view is that those assets plus a few in the UK which I keep urging the company to sell are worth (with the cash) at least 270p a share but I am pretty sure that if a bidder offered Northern's ever diplomatic boss Derek Musgrove such a price he'd tell them to bugger off. Actually, I doubt he would be that polite.

Either the market re-rates Northern or there will be a bid. That is my candid assessment. I cannot see the downside, you need oil exposure and a treble your money bid is not totally out of the question.

Tom (his own words) certainly rates this stock, the only problem for me at the moment is that they are not producing (pumping oil and gas) very much at the moment, if one or two wells could be sunk very quickly I think the market will react positively.

Sinking wells isn't the issue IMHO - far too much work is needed before then and also the arrangements for transporting the crude - and being paid for it.

Nop is steady as she goes and I feel sure we'll see some oil soon enough. The sp appears to be recovering so maybe sooner?

Whilst NOP appears to be well-organised there is some of the sp related to Oil-price - and something for R -recession in the West. Europe is really NOP's customer and if World Oil drops in price, so will NOP's profits. Admitedly they could do with pumping sooner, rather than later, but with the way Oil is moving - keeping it in the ground is a possible Good Option; although not one that would be popular at the Stock Exchange.

UKplc sold its North-Sea oil "too soon" IMHO; to balance the corporate books and make the Government good taxes. . . . I have a small NOP-holding.

Oh !, this stock, what sharp moves, nothing then zoom....

Strong support around 140p, perhaps about to move higher now !

Good news today, looking promising for the rest of the year !

Without ramping, can't help but feel that this is ripe for a takeover bid !

NOP has become a bit sleepy can we expect some significant developements in the near future?

I still think that this could be a target for somebody, but nothing is sure in this world !, as you say halifax : nothing much happening here !

Moving up steadily today, final results due soon.

Traded their Dutch Gas-storage and made 10m - see RNS

Any Idea why many oil producing companies are still down?????

They are cashing in all the money lost everywhere in the world, even in mortgages etc. The Oil companies could move up by 100-200% by the next year when they receive the money from selling oil at $146 these days.

Too cheap to ignore, IMO.

I can believe 100%....or hightech may be right: Yet Stocks look forward and (this one) is showing no signs of operating at full-bore yet awhile. The snag is that "oil-price" looks to fall (soonish?) and this "might" cut excitement.
Hence investors are only prepared to buy on weakness.

The good news is that NOP "reserves" are significantly greater than the sp, so if you believe rather conservative volume-estimates, then NOP is a no-brainer. (Incomes and profitability are calculated at $80/barrel, which is an industry benchmark.) . . . I hold this stock.

EDIT: Dir Buy is 30k, not quite my level of excitement (=50k+), but at least it's in the right direction. It may signal that no news is anticipated, but then in this industry things happen out of the blue.

NOP is still heading down with no news at all. Maybe the reserves are not significant enough.

The reason, IMHO is that delays are the cause - without extraction many will feel their "reserves" are all hot-air . . . . yet my understanding is that the reserves are understated.
What NOP failed to tell us is that the countries of Europe are notorious for creating delays, requiring lengthty investigations and so on.
NOP does have sufficient cash (I understand) ans this includes a recent sale of a potential gas-storage facility, which we learnt would have taken a large wad of cash to develop - - - funny how what is good is seen as not worth having....almost weeks later-on. However, this GS-sale did make a decent profit, so maybe you have to have regard to cash-flow as well.
Yes, I agree, the NOP graph is disapointing, but IF the reserves are as expected, then the correct price is about 2-3x current....
..Ah, but they would say that, wouldn't they?

Be comforted that most holders ( from the last 18-months) paid more than today's sp - so they are selling on fear, not on any knowledge - at least until the stuff starts to flow. Then we can measure the potential volume/price.

In this market, even with flow results, the rise would be negligible to the fall, let alone no news at all.

Once a Tom Winifrith dream stock............Where is it going??????????

I read an interesting story mid week that a large shareholder (5% plus) had written to the board demanding change.

Todays fall almost 10% caused bu small sales close to the end of trade ........

sp down 16% following RNS about Gyane drilling.

This thread looks like it could do with a drink!