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As far as I know the company itself can ask for a halt too.
This comes up as news but this is rather weird as a reason:
National Bank of Greece S A ADR (Sponsored) Repstg 1 Ord Sh (New) reaches new 52-Week Low
Shares of National Bank of Greece S A ADR (Sponsored) Repstg 1 Ord Sh (New) (NYE:NBG) hit a new 52-Week Low today, currently trading at $0.1561 on volume of 7,450,929 shares.
In the past 52 weeks, National Bank of Greece S A ADR (Sponsored) Repstg 1 Ord Sh (New) has traded between a low of $0.1569 and a high of $2.49 and is now trading 94% below that high.
National Bank of Greece S A ADR (Sponsored) Repstg 1 Ord Sh (New) shares have a 50-day moving average of $0.62469 and a 200-day moving average of $1.0323.
About National Bank of Greece S A ADR (Sponsored) Repstg 1 Ord Sh (New): National Bank of Greece provides financial services. It include retail & commercial banking, investment management, investment banking, insurance, investment activities and securities trading.
Source: QuoteMedia 52-Week High/Low Alerts (Nov 27, 2015 09:31:29 EST)
Did stabilize at noon in Germany. Went down to 0.078. Came up to 0.106 once. Has been rolling around 0.10 about two hours. All in euros. I think Frankfurt follows Athens very accurately.
Preferred Shares up +2.73%. They were two days ahead of common shares when the avalanche started.
Thanks legalizeMJ, this was the big tip.
The tip of that iceberg came earlier. I bought in a week ago in in Frankfurt.
http://www.boerse-frankfurt.de/en/equities/eurobank+ergasias+s+a+GRS323003004
I was wondering the deep dive of the preferred NGB shares (-15.33% on one day). They were touted to be the choice to own NGB. If there is no better explination I think the wise money just left the boat and bought in in the non-preferred. From now on 'NYSE:NBG' is the choice.
PS.Thanks for the tip for Eurobank, can't remember right now who it was from this board. Enjoyed the flight with small amount of shares.
Frankfurt now:
GRS003003019
A1WZMS
National Bank of Greece S.A.
0.726 €
Frankfurt
0.735 €
13:22
0.734 €
1,400.00 units
0.059
8.74%
02/11/2015
13:02:41
-
GRS323003004
A1W0QE
Eurobank Ergasias S.A.
0.044 €
Frankfurt
0.046 €
13:23
0.045 €
20,000.00 units
0.013
40.63%
02/11/2015
13:22:18
-
GRS015013006
876116
Alpha Bank S.A.
0.146 €
Frankfurt
0.147 €
13:23
0.147 €
100.00 units
0.026
21.49%
02/11/2015
13:22:40
-
GRS014003008
A1WZ93
Piraeus Bank S.A.
0.100 €
Frankfurt
0.104 €
13:19
0.102 €
53,400 units
0.007
7.37%
02/11/2015
13:15:03
Frankfurt starts to look good.
GRS003003019
A1WZMS
National Bank of Greece S.A.
0.690 €
Frankfurt
0.716 €
09:25
0.710 €
12,000.00 units
0.035
5.19%
02/11/2015
09:25:02
-
GRS323003004
A1W0QE
Eurobank Ergasias S.A.
0.039 €
Frankfurt
0.040 €
09:26
0.039 €
100,000 units
0.007
21.88%
02/11/2015
09:26:20
-
GRS015013006
876116
Alpha Bank S.A.
0.130 €
Frankfurt
0.137 €
09:23
0.130 €
40,000.00 units
0.009
7.44%
02/11/2015
09:17:27
-
GRS014003008
A1WZ93
Piraeus Bank S.A.
0.098 €
Frankfurt
0.104 €
09:22
0.103 €
50,000 units
0.008
8.42%
02/11/2015
09:19:51
Frankfurt premarket opens:
Eurobank Change from Prev. Day 0.011 / 34.37%
NGB Change from Prev. Day -0.005 / -0.74%
But that's just the opening.
That sounds logical, let's see if we can bank the bank. Politics can change the coming Monday for Tuesday.
Frankfurt (follows always Athens) Bid/Ask 0.721 : 0.730 in euros. Up 7.09% from yesterday.
Investing 10.000 dollars in NGB exactly 10 years ago would be worth now $32.51.
Investing 10.000 dollars in AAPL exactly 10 years ago would be worth now $156,984.05.
https://www.splithistory.com/?symbol=nbg
:)
And by the way this is the link for Frankfurt Stock market for NGB. It's free and it's real-time and is to be found also in English I just noticed (I use German language in this case). On those pages You have tools and charts (the second link).
Less trading than in Athens but You see here surely the trading sentiment copied from Athens. Might need registration, can't remember.
http://www.boerse-frankfurt.de/en/equities/national+bank+of+greece+s+a+GRS003003019
http://www.boerse-frankfurt.de/en/equities/national+bank+of+greece+s+a+GRS003003019/charts
Is there a link in your post for the Athens real-time, I can't see it? It's five o'clock in the morning here in Europe, maybe I have to wait my eyes open. :)
PS. And of course, all in euros.
http://www.4-traders.com/NATIONAL-BANK-OF-GREECE-1408785/charts/
Don't look at the chart but the small box "Real-time Quote. Real-time Tradegate - 10/22 03:59:57 pm". That might be real-time Athens.
I have mine (NGB) in Frankfurt which now very follows the numbers of Athens. Frankfurt's bid and ask are "Geld / Brief 0,822 : 0,835".
I'm not so optimistic. :)
My NBG Nov 20 2015 1.50 Calls woke up. Have had them since the August. They were deeply hibernating til today.
Remember the different angles to the problems:
http://www.brookings.edu/blogs/up-front/posts/2015/09/25-proposal-greece-banks-recapitalizing-elliott
… and don't forget it's more about politics than strictly economics. Every day happens something, today again: http://www.ekathimerini.com/202728/article/ekathimerini/news/cabinet-to-discuss-actions-needed-to-unlock-loans
It went up in Frankfurt with the aftermarket from 0.60€ to 0.64€. Normally Frankfurt follows the Athens.
Could it have been similar to a 'water coning', which can effect the way the fluids act to each other close the downhole? As far as I understand the more complicated an issue the lower the API rate.
http://www.glossary.oilfield.slb.com/en/Terms.aspx?LookIn=term%20name&filter=Water+coning
cheers jukka
referring to this one: "…Sabisa well with oil shows and then suggests that if they'd use the oil based mud vs water based mud in drilling that Sabisa would have flowed oil."
Hi guys,
this popped up on a Swedish chatboard:
http://www.businessdailyafrica.com/Kenya-oil-finds-boost-European-listed-firms--shares/-/539552/2165540/-/item/0/-/hqmu4y/-/index.html
cheers j
Africa Oil Corp. (“Africa Oil” or the “Company”) announces that the Company and its operating partner, Tullow Oil plc (“Tullow” or, together, the “Partnership”), have temporarily suspended all operations as a precautionary measure in Block 10BB and Block 13T in Northern Kenya. This decision follows demonstrations by local people regarding concerns around employment.
This should, for the share holders, be nothing to worry about unless it would escalate to bigger scale movements. For somebody this might be an opportunity to load more of AOI.
Couldn't agree more. Good text. I think we have still time.
Thank You Zravji.
PS. Last year's resource update didn't cause any high-peak on the share price. It came on 22nd of August and was with "significant increase" of an estimate. Reading the Tullow's text by zravji gives an idea why everything takes its time. Good so.
Divided between Poland and Finland, and even Estonia for a smaller part. Learnt to know about AOI through Crisis&Opportunity long time ago. Bought last year in.
There is one element which has not been discussed about so much. It is the time. I think, serious investors see there is still time to enter the valuable assets of the AOI in the future. The price level for the Lockichar has been set now. Other areas are to come. Before the money will be invested in Africa Oil it can earn some more money somewhere else. In that sense the timing is essencial. Big money waits for its point to enter, we again wait for the exit.
Enter and Exit. Very different stories.
with the best wishes
thinklink
Red, no idea, but really like the optimistic guesses around all the chatboards.
Let's say, I let my adviser Angus McCoss to give a direct answer to that particular question. So, the last thing will be cleared by TLW. I wish I could give a better answer but I can't, sorry for that.
My guess: at the beginning of next week. But just based on yesterday's emails from Sophia Shane to the members on the Swedish board Avanza:
(Remember Canada closed on 1st of July though)
luckylooser
130625 19:09
"Good morning!
Not much longer at all! Just a few more days.
Best regards,
Sophia"
Ajes
130625 19:43
"Good morning!
No delays! We should hear everything in just a few more days.
Best regards,
Sophia"
taberg
130625 19:52
"Good afternoon!
We should get results on both Ngamia and Sabisa in just a few days.
Best regards,
Sophia"
In March we heard:
"Sabisa-1 potentially more valuable than it looks
The Tullow-operated Sabisa-1 well is currently drilling in Ethiopia with a result due in the next three to four weeks. While the Sabisa Tertiary prospect offers incremental resources (the company's estimate for gross resources is 61 mmbbl), the exploration well on the prospect is technically very interesting. It is a basin probe which could demonstrate the delta play works in the Omo sub-basin. The delta play has the rewarding play in the Butiaba area in Uganda and has yielded the 300 mmbbl Jobi-Rii field, the largest single discovery to date in Uganda's Lake Albert Basin. Nevertheless, Sabisa-1 is high risk given that it is the first well to be drilling in the Omo sub-basin."
http://www.davyuk.com/davy/article.htm?id=Davy_Morning_Equity_Briefing_01032013_moneBLinkS0016C0004Cmp.htm
Does anybody remember Sabisa to be a 'double delta' play? That was mentioned once in some analyst's comment already long time ago.
As far as I understood that's fundamental. The more you have you plankton bio mass to become oil, the more you get oil. If that's the case, and if it comes good, the news and the oil will have a double delta flow as well.
dnil and kbob,
You can follow all (Weatherford 804, Sakson PR5 and OGEC 75 which AOI/Tullow has now) the rigs here: http://oilbulls.net./
I think it is a Swedish guy from the Avanza Forum of AOI who provides all the rig information to this link.
wr jukka
Douginil,
thank You pointing out some of the main topics in the video. What was surprising is the amount of research done out of the field. So many people are working in the researching sector in the head office.
cheers jukka
17:34.
Can you listen to that one in the video? What does he say about the core area, Kenya and Ethiopia? There is something else I can't hear.
Tullow video from the 04:54 on a bit of our Kenyan Great Rift Valley:
Quote: "…I want to be an early mover and identify grossly undervalued oilfield companies with exposure to selected international markets that have a tremendous upside potential."
http://seekingalpha.com/article/1476611-5-speculative-energy-plays-with-near-term-catalysts-for-the-thrill-seeking-investors?source=yahoo
You are right tamtam,
but adding a bit oil on salt makes it taste better. Leaks are welcome, especially oil leaks in this case.
"Ngamia Swede's" reaction early in the morning on the "the african's" message on the Avanza board:
"När Hill säger 30m net om det är hans uppfattning lär ju Tullow "pruta" ner 30m net till 23 eller något. Det är väl det mönstret vi sett innan, tankar?"
https://www.avanza.se/aza/press/forum/forum.jsp?forumId=1429
j
Still, take it with an IF…
This sounds good. I will copy it directly from the Swedish AOI chatboard on the Avanza site, from "the african".
https://www.avanza.se/aza/press/forum/forum.jsp?forumId=1429.
If this is true, the truth is on our side. Try google-translate it, I don't have to:
"Jag träffade KH 4 gånger i förra veckan. Den stora träffen, Pareto Dagen, Eget möte samt på en tillställning på onsdagkväll. Han påstår att juryn är fortfarande ute i Sabisa... dock påstår sig att "seal" finns, source finns samt kitchen... nu bara olja. Angående oljan verkar han även där väldigt säker. Ca 30 meter net.
Personligen tror jag redan att det är klart. Redan under andra borrningen visste dem, sedan kollapsade hela brunnen. Nu har de borrat klart och håller på med loggning etc. Detta skulle öppna upp en helt ny "basin". Enormt.
Ngamia kändes också väldigt bra. Etuko, grymt spännande. stor potential. dock måste finns seal. Ekales är given. Bara hur mycket.
köp"
cheers j
Got this link from the Swedish Avanza AOI Chatboard. It is still processing in Youtube but should be available in a while. It's about yesterday's meeting with Keith Hill in Stockholm: