Predator Oil & Gas Holdings (LSE:PRD), parading on our rain…

#FTSE #Nasdaq Thankfully, someone dropped us an email asking for an opinion on Predator as, frankly, on Tuesday evening we were short of inspiration. The problem was the weather. We’d dropped across to the mainland to pick something up, the journey eventually taking 6 hours!  For a change it wasn’t Argyll ferry services causing problems, instead a couple of rainstorms. As we approached the mainland, the welcome sight of a curtain of rain awaited, along with a break from 25c+ weather.

 

Shortly after disembarking the ferry and driving along the shore road, the rain started properly and within a few hundred yards, it achieved biblical proportions. Then things worsened, a torrential downpour of a category known as ‘Glencoe Rain’ slowing traffic down to a walking pace. (only folk who’ve experienced Glencoe Rain will understand) Thankfully, despite the pedestrian pace, we were making progress until we met an inevitable flood. Despite being in a Toyota 4WD diesel, attempting the dip in the road looked dodgy, thanks to a couple of SUV’s already floating around. Seeking higher ground appeared the wisest move, an idea which would add time to the journey (6 minutes according to Google), ensuring we arrived at our destination an hour late as other people also use Google Maps.

No-one was terribly inconvenienced, the car was loaded up and off we set on the journey home.

Suspecting, correctly, the flash flood would have cleared, it seemed the novelty of rain wasn’t finished. We’d just driven past our ‘only 20 minutes to the ferry’ mental waypoint, when the rain once again returned, manhole covers squirting water skyward and another flood, this one impassable thanks to a stalled HGV managing to block 4 lanes. He’d obviously experienced a personal “nope” moment and tried to u-turn. Once again, the Google Maps App was called to find a resolution but this time, it was easier to follow a taxi which smartly reversed course behind us. We navigated up a hill, through an industrial estate, discovered an exit into a bunch of new houses, eventually emerged literally on the other side of the big lake. Unfortunately, we’d again been moving at a walking pace and had missed our ferry. Oh, I forgot to mention the car interior had misted totally and it’s a bad idea to power all the electric windows at the same time. The fuse blows, ensuring you are getting very, very, wet and in any case, the air conditioning was contributing nothing to demist the front screen.

The final straw, catching the 9pm ferry, was phoning for a takeaway and discovering our favourite establishment shuts at 9pm during the week.

 

In summary, anything acidic about Predator may be allocated to us being in a filthy mood tonight, here in a still hot, humid, Argyll.

 

 

Glancing at their website, our kneejerk was one of caution as their blurb tends suggest an attempt to accumulate “greenwash credentials”, aiming to become a more responsible fossil fuel company. The sort of thing immediately generates suspicion in case the company are simply intending to go for PR brownie points. However…

 

 

Their share price is looking quite promising at first glance, going some way to imbue confidence for the fairly near future. Movement exceeding 11.35 should hopefully find its way to 13.3p next with secondary, if bettered, at 16.8p.

A secondary such as this is quite significant as closure above 15.5p should place the share price firmly in a zone where a future 21p should be a visually sane aim. Above such a level, we shall require to give the tea leaves another stir.

If everything intends go wrong for Predator, below 7.5p should prove an early warning signal of it being time to buy an umbrella and run.

 

 


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
11:58:30PM BRENT 75.36
12:01:28AM GOLD 1936.42 Success
12:04:53AM FTSE 7559.6 7550 7532 7480 7581 7608 7625 7649 7578
12:09:26AM STOX50 4340
12:13:03AM GERMANY 16124 ‘cess
12:17:53AM US500 4388.5 Success
12:21:18AM DOW 34046.5 ‘cess
12:28:11AM NASDAQ 15071.7 14949 14918 14857 15014 15101 15177 15253 15044
12:31:21AM JAPAN 33139 ‘cess

 

20/06/2023 FTSE Closed at 7569 points. Change of -0.25%. Total value traded through LSE was: £ 5,450,485,635 a change of 18.02%
19/06/2023 FTSE Closed at 7588 points. Change of -0.71%. Total value traded through LSE was: £ 4,618,439,635 a change of -67.02%
16/06/2023 FTSE Closed at 7642 points. Change of 0.18%. Total value traded through LSE was: £ 14,002,242,699 a change of 107.37%
15/06/2023 FTSE Closed at 7628 points. Change of 0.34%. Total value traded through LSE was: £ 6,752,443,780 a change of 5.35%
14/06/2023 FTSE Closed at 7602 points. Change of 0.11%. Total value traded through LSE was: £ 6,409,785,309 a change of 14.25%
13/06/2023 FTSE Closed at 7594 points. Change of 1.66%. Total value traded through LSE was: £ 5,610,301,636 a change of 24.77%
12/06/2023 FTSE Closed at 7470 points. Change of -1.22%. Total value traded through LSE was: £ 4,496,360,714 a change of 0.19%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…


Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AV. Aviva** **LSE:BME B & M** **LSE:GRG Greggs** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:IQE IQE** **LSE:NWG Natwest** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:SPX Spirax** **

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Updated charts published on : Aston Martin, Aviva, B & M, Greggs, Igas Energy, International Personal Finance, IQE, Natwest, Primary Health, Parkmead, Spirax,


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LSE:GRG Greggs Close Mid-Price: 2594 Percentage Change: -1.67% Day High: 2626 Day Low: 2596

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LSE:IQE IQE Close Mid-Price: 19.8 Percentage Change: -5.49% Day High: 20.8 Day Low: 19.7

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LSE:NWG Natwest Close Mid-Price: 245.3 Percentage Change: -2.93% Day High: 254.1 Day Low: 244.9

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LSE:PHP Primary Health Close Mid-Price: 97.65 Percentage Change: -0.41% Day High: 98 Day Low: 96.65

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LSE:PMG Parkmead Close Mid-Price: 14 Percentage Change: -6.67% Day High: 15 Day Low: 13.5

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LSE:SPX Spirax Close Mid-Price: 10300 Percentage Change: -0.58% Day High: 10495 Day Low: 10220

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*** End of “Updated Today” comments on shares

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