As a long in this ticker, I would cash out of some short term profit and wait for a pullback. There was no good news. Wish I had more funds to buy 2 weeks ago.
I expecting few rounds of swing before the Kraken issue settled (financial impact is visible). Now Armada management still silent on the financial impact.
Follow the waves, don't sailing unless you have insider information.
Please do not listen to unfounded rumours. As of this point in time, production remains at between 50% - 60% on a single train. The second train operation has yet to resume, it's expected to happen in the coming 2 to 4 weeks.
I cannot see how this C02 JV could be successful. Armada has no experience in C02 injection which is technically challenging. Navigator has a questionable record (bankruptcy).
Projects of C02 are in the UK, and an oil supermajor like BP could get government funding there, 'greenwash' their oil operation and undercut JV. I worked for BP. I know their 'energy company' theme, helios logo and BP being translated as 'Beyond Petroleum.'
How can we compete under such cirumstances, without grants and support, on someone else's turf ?
Robert said Navigator has a questionable record (bankruptcy)... Gabriel said Navigator has been profitable for the past 3 yrs... A search can inform clearly that Wilbur Ross has acquired Navigator in 2012 after its bankruptcy in 2006. WL Ross is a billionaire investor whose company focuses on investments in financially distressed companies with undervalued stocks... WL Ross also has interest in Maersk shipping....
The oil tanker Ingrid Knutsen that has transported oil from Kraken FPSO 2 days ago is also docked at Scapa Flow. Scapa Flow, as an energy hub is also the largest natural deep-water harbour in the northern hemisphere where supertankers can also dock.
If got good production from Kraken, why worry so much about other minor issues. This is not like Hibiscus-Dnex Anusuria FPSO riser issue that was down for a year in 2022. Armada has the Mgt, funds and machinery to fix issues much faster....
This CO2 Venture is non binding. They do not even have a client with FID. I would not be hyping it. Need to clear the Kraken issue. Otherwise it will be questioned. Concerns raised.
I am optimistic in a way that hopefully the Cameia FPSO will NOT be anounced under troubled circumstances. Note that stock went down when CO2 was published. Good news about new venture when facing technical problems is wasted. But I guess it is timing of Total.
The company is not in Zero production but 60% +++ . It is a matter of time ( very soon) to restore to full production. so why fret on other insignificant issues ?
Digesting some sales by contra fellows. Meanwhile, some see the target price as 54 sen, not much upside from the current level, so they sold some first. For long term holders, just keep buying loh, no issue.
This is a public chat , hopefully will help support the market direction , even in a small way. Any pessimism , its better of to keep it at home. but we like optimism, Unless you are cock sure about something that add value to the information already available . we dont need clever man but helpful positive man and women
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rr88
6,532 posts
Posted by rr88 > 2023-07-03 14:50 | Report Abuse
Breakout above 21/6 0.485 close.
12/6 close = 0.42
It will go to = 0.485 + (0.485 - 0.42) = 0.55
But then 0.55 is above 06/06 opening price of 0.525. Which will be another breakout move.
After gostan from 0.55 to 0.525, it will go to 0.63.
Take the sellers now at 0.495!