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Glad I sold a chunk of this and bought into OEX last week.
UJO now on a go slow, I'm not staying here when others have huge news due soon.
- All in my opinion of course -
Like you did ramping this and UKOG , move on
Dam I forgot the mango chutney.
No one would miss you , go and hound other unsuspecting investors , like you did here and UKOG
2pm Afternoon nap time.
Making a curry for dinner so need to have my rest.
You would miss me MickyBee if I shut my twitter.
David's calculator has many £££££££ signs.
And will need an extension on the screen. Too many zeros.
Heid , maybe you should post DB's calculator , you mention it daily , counting ALL his money , not the shareholders , Raw nerve Heid , move on
Stick ya calculator on this thread saddo RNSTranslator
'This mornings scores on the doors
Started: RNSTranslator, 01 Feb 2022 13:43
Last post: MickyBee 01 Feb 2022 13:46
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1 reply
RNSTranslator
Today 13:43
Posts: 1,385
Price: 14.25
No Opinion
9:06 to 13:09
Heid 4 posts (14 recommends) average recommendation 3.5
RNS 3 posts (18 recommends) average Recommendation 6.
'Nuff said eh! Heid, you need to up your game, and your grammar..."as you were, not as you was.."
Ha ! x
FOTH…You have enough to worry about, being well underwater in that sham of a lifestyle company, called UKOG, so don’t come on here with your share bashing nonsense…and telling more lies as well.
Well all I can say is glad we went out last night
Personally I think FOTH is all mouth…
itsawrap
'imo you come across as salivating - if not gloating - at the prospect of $140 oil'
That is a very powerful, emotionally driven argument. I really do not care. I have done plenty of research, stated my thoughts here.
OPEC+ have been missing their quota every month and their spare capacity will run out end of this year. That will be another big headline.
Maybe you think I am part of a conspiracy theory.
Itsawrap - I think you do come out with some very good points about inflation etc but there are things the UK government could do to negate this if they allowed more drilling on/offshore uk. They could give tax relief to the UK producers if they sold the oil and gas to domestic supply and capped the price that energy suppliers sold in to the end user (there are caps in place at the moment until April that have caused a lot of the energy suppliers to go bankrupt due to overseas supply costs).
This could then lower the cost to produce goods domestically and allow the UK to be selective on which overseas goods they import. By making it cheaper to produce goods in the UK would also be good for unemployment figures and income tax going back into the system.
I can't remember who but someone wrote a good post about this in here the other day. There are ways around these things but the UK government has to just have the courage to realise the green agenda cannot be reached at the speed the targets have been set without punishing the general public with high import costs of foreign fuel and goods imports.
The damage is already done itsawrap, hence the rise in oil price an our energy bills rocketing.
I say bravo to the protestors. What a great job you are doing.
As I posted yonks ago ... what's worse Covid V Energy
Are you all falling in now
The plan is I make good money here over the next few years.
That may be the case itsawrap but they are the facts that I believe.
Let me show you something that I find quite shocking. Harry Clarke last night on the news who has been very vocal about opposing West Newton... Just listen to what he says :
https://twitter.com/Bakedbe51247544/status/1487136564069216258?s=20&t=x1NsgHDimBxvMZSMWRtFEg
"...Why when there is more than enough oil an gas world wide .."
Plus of course the fact he clearly supports imports.
I am sorry Harry but you have not got a clue what you are talking about and whoever is feeding you this rubbish is very much to blame.
whilst $140 may be good news for UJO's revenue, the effect on the economy will be a drag on growth as well as fuelling inflation. Inflation means a higher base rate and probably a stronger £ against the dollar (it's interesting that you never mention the exchange rate) thereby reducing the sterling revenue. You may well be right but imo you come across as salivating - if not gloating - at the prospect of $140 oil when there's more at stake than UJO's sp.
The future may reveal you got it right, but really Heid, these unsubstantiated forecasts do you no credit right now. It might even deflect the criticism from the derampers' barmy claims.
Nice post VerbierDave. Plenty to be said here. So Oil is around $85. My stance is oil is going higher.
The price of oil an gas stocks have been materially lower than oil itself, which has been rising. Things just aren’t happening normally here with the oil price going up in this current cycle.
We have low rig counts, investment in to oil production is low and this does not add up as being at the top of a cycle. Normally you see high investment, production growing v the supply etc
Clearly Union Jack Oil is way too cheap, which makes me realise that Oil is way too cheap too.
Fundamentally there is nothing that convinces me that over the next few years we will not see oil continue to rise. Yes, there will be pull backs of course, but i do see $140 Oil price in a few years from now.
Lucy - I don't actually think that is the case - if you mentioned Gas prices dropping (I doubt like a stone) off then I could understand.
The oil price being where it is at the moment is due to corona and diversification by oilers. Corona has impacted due to the POO dropping like a stone when the world came to a standstill and majors not investing back into felids (wells and fields need maintenance all the time to stop the recoverable rates diminishing). Due to this the supply has dropped off and will take several years to get back to where it was. Add to this, Majors diversifying into green energy and that speed of returning back to previous levels is slow.
The problem being is the world population opening back up after corona and the hunger for global goods and travel will be dramatically faster than the ability to bring the supply back up to the required levels.
There are way more problems than just Russia....
Add to that and the negotiations between the west and Iran going nowhere means Iran isn't pumping. Internal issues in Libya/Egypt/Kazakh, export pipelines being blown up in Kirkuk (Iraq) by IS that goes to Turkey and then on to ports and then the threats of sanctions on Russia and conflict in the Black Sea (Nato v Russia) and the oil/gas supplies that come from there it all just adds to the the stresses on the supply chain.
TBH this is just basic supply and demand - Heid, love her or hate her has been banging on about this for weeks but to be honest it's just basics.
If Russia does invade Ukraine and Nato get involved Oil/gas and gold will go through the roof as well as the Swiss franc as people look for safe havens, most other stocks will get dumped as as people panic.
Just my opinion but tbh it's basic economics
As at 11 January 2022, cash balances of £6,270,045 and receivables of £1,568,521 · Debt free
'when the price of oil falls' ?? Oil will reach IRO $140 over the next few years
Most II's will only invest in companies with a Market cap of £ 50mm or above
Heid I would be surprised to see institutional investors before long-term production starts
"labelling a company as toxic and some other unsavoury comments I have read are nothing short of libellous and defamatory "
Sure and then the Company and some of its people would have to get up in court and explain the leaks........ I doubt they'd take the risk...................
MrPlumber:
'Perhaps TW is correct this is just a toxic share
Definitely something wrong somewhere the market doesn't like it
We are desperate for CPR and ewt to finish so we can see true production rates'
No1 TW wants to be very careful what he says about Union Jack Oil. Surely labelling a company as toxic and some other unsavoury comments I have read are nothing short of libellous and defamatory ?
No2 'Desperate for CPR' - I look forward to CPR but I am not desperate. I am confident that the EWT is going extremely well and I predict we are nearly hitting the next $3,000,000 milestone for Wressle
No3 'the market doesn't like it' - Institutional investors will soon wake up when they see the CPR for Wressle imo. Also, with the Oil price going to reach record highs over the next few years , everybody will wake up to 'dirty oilers' being the place to invest and not miss out on this once in a lifetime opportunity
MRPlumber
"Definitely something wrong somewhere the market doesn't like it"
Management quality are No 1 on my bucket list when investing.
I have been in other companies over the years who's excellent assets have been negated by weak or untrustworthy leadership.
Weak leadership was shown here with 4 leaked placings and no action.
Still the issue persists like an open wound.
This issue still needs concluding then maybe I will reinvest.
Maybe others think like me?
Imo.