Skip to Content

Jersey Oil and Gas’s share price in a lull ahead of summer drilling activity (JOG)

Investors in Jersey Oil and Gas (LSE:JOG) have the summer drill of Verbier to look forward to, but as is often the case, there’s been a lull in the share price with limited news flow. These dips often offer good opportunities for new investors looking for an entry or existing investors to build their holdings. As we reported in early February, asset management firm Schroders increased its stake from 9.1% to 10.2% above 200p. They previously bought the bulk of their holding at that price in the placing last October, along with a notifiable buy from Legal and General.

Chief Operating Officer (COO), Ronald Lansdell plumped up the share price just over a week ago with a buy of 25,000 shares at a price of 189.5p taking his holding to 4.24% of the company. The stock moved to 196p on that news but has subsequently drifted, now lounging around 185p.  Yet again the chart is offering a new triangle set up with 179p the current base, and 194.5 the target to beat for breakout.

Author: Stuart Langelaan

Disclosure:
The author of this piece owns shares in the company written about above

Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

  • Patricia Miller does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.
  • Patricia Miller has not been paid to produce this piece by the company or companies mentioned above.

Related Articles

Headlines

teathers app screenshot

App Empowering Private Investors

Crowd Equity for Placings, IPOs and Live Market Blockbuilds, designed to give private investors access to placements and Intial Public Offerings (IPOs), predominantly on the London Stock Exchange’s Alternative Investment Market (AIM).