Barrel of Fun
Abort, retry, fail
Down to 10.25 after a tip at 17.
I believe that this particular gamble took a step in the right direction today?
52 Week High: 17.75
52 Week Low: 8.00
Price 11.00
Genius Beachy.
Thought this deserved a bounce today.
Pipex shares are trading at 9.25 today. This is after they have reported a 6 month loss of £8.4 million compared to profits of £838K this time last year.
Looks like no dividend for Beachey.
Could be a good call, price fell significantly as the result of a poor flotation of its Indian subsidiary and pipeline problems in India, but may now be on its way back up:-
Cairn Energy chart
23.03.07 :+28, (1630) Credit Suisse said that while it sees value in Cairn Energy PLC, it believes the remainder of the sector offers little value. Credit Suisse reiterated its ’outperform’ rating on Cairn Energy with an increased target price of 2,150 pence, up from 2,025, and retained its ’underperform’ stance on Tullow Oil PLC with an increased target price of 410 pence, up from 330
Cairn Energy up 7.48% to 2269.00 TODAY. Which is nice
This is the same Tom Hark that said go large on a certain English racing driver for sports personality of the year.
I posted that about six months ago. Cairn Energy are still going through the roof.
They closed today at 3481.00, another 4% up. They've been gaining on average A COUPLE OF PERCENT EVERY DAY recently (they were 27 quid at the end of February) and show no sign of slowing down. It's another year and a half til their oil comes onstream in India, so even getting in now could be the easiest money you'll ever make. Go LARGE!
Well, seeing as how the thread's been bounced for no apparent reason...
Update on Cairn Energy share price.
The oil is now onstream in India, and initial estimates of the volume of oil has been revised upwards by quite a margin. Cairn Energy shares were trading at £4.11 on Friday. Sounds crap, but isn't. Since the last post, they moved the decimal point by one place to the left to encourage greater volume in trading the shares. So if you had a thousand shares worth £41.10 each before, you've got ten thousand shares worth £4.11 each now.
Oh, and Cairn currently have a rig drilling off Greenland. One of the first, if not THE first. Initial results due this Summer. they seem quietly confident down to the extent of speculating how many billion barrels of oil might be there. If they strike the projected volumes of oil, they say the increase in share price will be transformational i.e. it'll go once more through the roof. There will never be a better time to have a punt on Cairn, if you have a few bob sloshing around that you don't mind speculating with. IMHO, like