The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Rangers1
"Re Stobie - Lots of specials to the reason. Will we find out? I have been wondering for a while whether the Spirit partnership wasn't a tad hastie. I remember at the time an interview? stating it was a chance meeting at an airport in July with the deal done in September. I cannot remember if this was Trice, Stobie or the Spirit CEO who explained this. If Stobie, then this maybe a reason for his apparent demise, given the partnership, as I've said before, isn't exactly flourishing given the results reported and how the SP has moved as a result. Maybe someone else remembers the interview and is able to comment."
And this is of course the important 'topic' of the day, although it appears to have been sidestepped by many posters.
I don't remember the interview to which you refer (anyone got a link?) but certainly do recall DR T saying (at the last CMD?) that the 'Spirit deal' came as something of a 'surprise', but yet again, can't recall if it was actually the CMD or some other time.
Btw, I've just re-watched that video clip with amusement. And notice that it's myself cast in the Hitler role. And whoever made it has got something wildly wrong. My 'average' being 45p per share? Try 17.5, instead.
WW - Thank you for the explanation. I have to be honest, I had to "google" the meaning of contango. Looking at the meaning, would HUR be able to apply this given the capacity of the AM. It would clearly be more beneficial for BP to store it, but unlikely to happen as they will no doubt have contracts to meet. That being the case, my initial thought may not fully "hold water" as only a certain amount could be held back once to sell in the future at a higher price if the production was to stay at the same level. On that basis, no material benefit in holding some back.
Rangers1,
"YouTube Video - Decent production using an old clip. Clearly someone with time on their hands and the ability or has access to someone who has. A previous poster maybe? ADUK, who calls you AK?"
Not guilty. Quite honestly, I wouldn't know how to 'subtitle' a film clip and post it on youtube. But I've been thinking about the thing and who it originated from, and reckon I do know of a couple of 'previous posters' here with both that ability, and also maybe the motivation. And who also may sometimes address me as 'AK'.
I found the clip hilarious, and a tip of the hardhat to whoever was responsible. The 'tip' of said thing being directly on the top of their (probably bald and unprotected) head, just on basic principles.
Yrs from the bunker,
adoubleuk
Rangers. You’re describing a contango and we could be entering that area very soon.
Re Stobie - Lots of specials to the reason. Will we find out? I have been wondering for a while whether the Spirit partnership wasn't a tad hastie. I remember at the time an interview? stating it was a chance meeting at an airport in July with the deal done in September. I cannot remember if this was Trice, Stobie or the Spirit CEO who explained this. If Stobie, then this maybe a reason for his apparent demise, given the partnership, as I've said before, isn't exactly flourishing given the results reported and how the SP has moved as a result. Maybe someone else remembers the interview and is able to comment.
Latest Offload - Margaret365 and I share the same thoughts here. If production is in line with stated expectations, I agree that it is possible that HUR are playing the oil market looking for a better price. I remember back in either the nineties or noughties that tankers were lining up in the Moray Firth will crude cargo waiting for a better price.
Norway Drilling - No licences in Norway. PBLJ is in Norway shipyard, destination not yet confirmed.
YouTube Video - Decent production using an old clip. Clearly someone with time on their hands and the ability or has access to someone who has. A previous poster maybe? ADUK, who calls you AK?