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Juan - it's not the lights. It's the voices! I've turned him green. Thank f... He isn't invested because then he'd be like herpes. I worked out it'd take me something like 27 years for me to acheive his posting output. Maybe he isn't real and is an algobot?
His knowledge of green energy is lamentable but he's an evangelist for the untried or prohibitively expensive.
Be Lucky.
Jan
Maybe Brent is starting to flash amber but it could turn green or red.
Chilting,
I think romaron's comment relates to you having lots of lights all flashing at once, and sadly they are all green !
romaron
I simply follow the rule of logical reasoning - one green light plus one red light means no investment - when both lights are green, I will invest.
It could also be argued that Stanley Green followed the rule of logical reasoning, but I fail to see any logic to his reasoning - anyway I need my protein.
Agree Taverham. I cannot really think of any industry that is risk free or faces head winds from time to time. Chilting is the Stanley Green of oil and is best ignored. Regular updates of his indecision only helps him.
Back in the real world.
There is $80 bn of divestment by the majors to fight over so plenty to keep us going for reserve replacement. The majors need us for Scope 1/2 reasons and they have plenty of irons in the fire (Shell sells more coffee than Starbucks). Apparently fossil fuels have no future and common dates batted around are net zero 2035 and 2050. I'm more concerned about the next 10 years where I think EnQuest is ideally placed. Oil will be throwing off cash in the form of dividends and whilst the institutions in thrall to ESG or investor leverage cannot join in many will. There is talk around of the transition being from majors to private . That would be the likes of EIG. We're ahead of that and with a large single shareholder can ignore some of the wailing and Greta's who want walk us back to a better yesterday. To me EnQuest will have bond qualities. Predictability, lower risk and a company forged in difficult times. As always it'll be the cash we'll be throwing off that pushes the price higher. Capital appreciation and dividend - luvly jubbly
Taverham
The clarity is more to do with the pandemic - oil prices cannot recover for a sustained period until it has subsided - a new variant that was vaccine resistant could put us all back to square one.
Energy shares are always the last to recover after a period of poor economic performance - we are still waiting for that recovery - the conditions are not right as yet and there is no clarity on when they will be.
Comparing to Tarmaks calculations, we have reached Brent $67 earlier than expected , He thought by 2nd week of June. Although his calcs suggest Brent will trend up , the forward curve suggests the opposite after July . So Houston , we have a problem , At the moment I assume GS and other banks are correct and Brent will rise further .
Chilting,interesting that you are waiting for clarity but with oil prices we have never had clarity going way back to 1968 imv. My view is that the current trend is up and even if we fell back , enq will be hugely cash generative so a great risk/reward at current sp.
The comments on the BP board are very similar to here - broadly with Brent above $66.74 why isn't the SP responding?
As a potential investor who is currently still waiting to take the plunge, I think that the answer is simply a matter of risk.
The pandemic is clearly not over and although Brent seems to be in recovery mode, this cannot be guaranteed for multiple reasons.
With most investments you are betting on the company but unfortunately when you invest in oil companies the risk doubles, because you are betting on the oil price as well - therefore, I continue to wait for clarity.
Bloomberg been talking since financial (5 April) year end about sellers strike. Fed minutes etc and the hot money and traders that can't sit still have been buying tech. Energy one of worse worse performers along with value stocks. My theory is that some sell them to buy tech. Self fulfilling to an extent and I'm not buying it.
Directionless and low volume.
Its all about trends and fashion. They said flares and cuban heels wouldn't return.
Oil now at $66.78!!!
Where are all investors/traders gone?
Primetime and All,
Let me come back to this Swedish meet-up in next days. Around August looks like better timing and it’s crayfish party instead:-)
Pelle
I do think UK will be flying end May /June but flights will not be cheap & planes full.
lol looks like i got my INVITE!
Juan wont be allowed his wifey got him under strict supervision...................pmsl
Primetime, do you believe travel will be ok in 2 months midsummer ?
It’s like fish and chips but different. Lol.
And vodka with flavour. Crats too:-)
Anyway I would like organising a meet-up in Sweden during summer regardless of SP.
Only for LTH and nice friendly posters.
Pelle short for crate of beer my spelling is $h!t most of the time :-)
No! Enlighten me please
Whiteace, yeah I understood you:-)
I used to play but take so much time.
You know what is a crat? Lol
I AM TALKING ABOUT THEIR POKER SKILLS PELLE !
Lets get the rules right Pelle is that 40p by tomorrow or 40p by year end
Do we have to bring a bottle or crat :-)
always wanted to go to sweden , got a few poker friends there . Annoying aggressive souls they are under the blonde cold exterior !
just got back what did i miss.......................
40p and Swedish midsummer party my place!
19p tomorrow!!!