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'...I bought PHNX, just a few a 479 average and posted a stop. They work ok on liquid stocks like that.
Anyways, I was out all day played golf and had youth group later and when I looked all my PHNX shares had been sold and I nearly made £400!
The idea wasn’t to make money as I thought it was going to bounce! The idea of the stop was not to loose any money!...'
So, trek baloney, what you're saying in that statement is that you bought at 479p, they went up, you didn't sell at the higher price, but instead placed a 'stop' order to sell them if they dropped later that day to a lower price, which would be your stop ?
Tell me notrex, how does it feel, knowing I was right, and seeing your capital halved, and your dividend shredded ? How do you deal with having to give Rusty the benefit of the doubt, labelling him incompetent - despite his extensive background in the oil and gas industry and finance - rather than coming to the realisation you've been taken for a mug - and not for the first time. And not for the last either. 🤣
GG: 'Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero.' You are correct that the FCA threshold is 0.2% (wef 18 Dec 23) - but I didn't cite the FCA short selling web site (https://www.fca.org.uk/markets/short-selling/notification-disclosure-net-short-positions) - I cited shorttracker.co.uk (https://shorttracker.co.uk/company/GB00BQHP5P93/) - where the disclaimer about their threshold being 0.5% is clearly displayed in a banner. Pity you didn't look before you pulled another one out of your ar se!! You really aren't very good at this are you GG - Game, Set & Match (again) - no need to apologise!! PMSL
'...Well I'm very disappointed with you GG...'
It's such a shame notrex you didn't give any credence to my initial warnings, over 12 months ago, when this share was double what it is today, and the dividend was triple what you'll be getting in your next payout. Just think, instead of insulting me, you could have sold out at that time, and moved on or waited to get back in at these levels. Oh well, you live and learn...or not, in your case, lol.
Notrex, you're obviously unhappy to be in this share, you dot see the price rising let alone recovering, so why haven't you sold? It's a serious question, you plainly don't trust the management team at all, and have pretty much no hope for the prospects.
Genuinely curious about why you have not sold and moved on?
Good news is JPM and Bridgwater have burnt some stock and the SP is now higher. Again! lol!
Must try harder!
Ps don’t know if anyone here has SEPL as well. Another good quarterly payer on same sector as DEC. Xd today and sp is higher after divi!
Usual caveats.
Trek
(It's 0.2% btw, you got that wrong too). 🙄
'...3. Total declared shorts (above 0.5%) now at 5.65% - there may well be more below the threshold...'
Exactly, notrex, so why waste everyone's time ?
Oh dear. Poor notrex. I'm sure you'll understand, one day. Or maybe not. LOL.
OK - do you want the good news or the bad news? Bad news you say? Well the bad news is that there's no good news (so nothing unusual there you might say?)
1. Bridgewater Associates increased their short yesterday by 0.02% - now at 0.90%
2. J P Morgan increased their short (yet again) yesterday by 0.11% - now at 1.48%
3. Total declared shorts (above 0.5%) now at 5.65% - there may well be more below the threshold.
To put that into perspective, ABDN are the fifth most shorted share in the UK at 5.8% - one more increased short here and we'll likely be entering the top five most shorted shares. Well done good ole Rusty - brilliant achievement - please pass on my sincere congratulations to the car crash crew!
https://shorttracker.co.uk/company/GB00BQHP5P93/
Well I'm very disappointed with you GG. I really can't believe you're unable to post me the link to the information where you learned that DEC have now stopped selling gas and consequently have no income! You'll have some folks here thinking you just pulled that out of your ar se and were telling blatant porkies? Not me though - I believe everything you say - honest!! LoL
I think a minor spelling mistake is the least of your problems, mrs123.
GG, no need to point out the spelling mistake in the title. You can focus on your childish taunts to the others.
The SP is a bit stuck at the moment. Positive that the daily demand is stopping the shorts from pulling it down but not much on the horizon to signal a decent boost.
Sorry notrex, too busy playing golf with trek baloney. He's having trouble getting through the windmill and round the loop-de-loop.
Hello GG - so DEC aren't producing any gas and selling it via their hedges any longer then? Crikey - I didn't know that - can you let me have the link to that information please?
'...the funds thereby saved are going to (insert as appropriate) - reduce debt? and/or acquire new wells? and/or fund BBs and/or fund higher salaries and bonuses for our good ole Rusty and his car crash crew?...'
'The funds' can't go anywhere if they're not being created. One day the penny will drop. Or maybe not. 🤣
I have to say pickledpeck - that's not exactly a ringing endorsement of DEC and its BoD? More a hold and hope for the best (what most of us have little option but to do in reality) - but it doesn't shout out what a cracking share to be in - even at these severely depressed levels (I guess we need skiramp for that?). Still, won't bother good ole Rusty - he'll likely give himself yet more options and a bonus if it goes further down as he seems to have an inversely proportional reward system for the car crash crew.
Patience. Gas prices will recover by the end of the year and the sector will move as a result. I think / hope we should be thumb twiddling until then. You might see movement around xd, if the shorts see no more downward pressure then they may start closing but who knows.
Either way, this time next year Rodney...
Not sure his competence is worth discussing - he’s not going anywhere anytime soon so DEC’s future and his are wedded together.
More important question for me is what will it take to get SP over the £11 price? Next trading statement? Shift in gas prices? Reduction in interest rates? Increase in BBs? Decrease in debt levels? More acquisitions? Lower decline rates? Disappearance of emissions concerns?
Well folks, we are now in this brave new world (whether we like it or not) whereby the dividend has been slashed, the funds thereby saved are going to (insert as appropriate) - reduce debt? and/or acquire new wells? and/or fund BBs and/or fund higher salaries and bonuses for our good ole Rusty and his car crash crew? We are also now listed on NYSE.
Now one would like to think that all the above was done to halt and reverse the monumental crash in SP/MCap since August 2022 - yes? However, what we we actually seeing is the SP stalled around the 1070 to 1110 range (circa 55p in old money) and shorts increasing - significantly in the case of J P Morgan. Consequently, I ask the obvious question - is good ole Rusty competent or incompetent (his avarice and vanity are not in doubt). Discuss.
Meh.
Well GG - you certainly seem to have had a particularly hyperactive day today - perhaps it's time for 10mg of diazepam and a lye down in a darkened room for a while - at least until it's time for your next frenzied outburst?
P.S. Unusual way to end your last tirade by quoting from The Four Yorkshiremen sketch - who'd have thought you were a Monty Python man eh? LoL
https://www.youtube.com/watch?v=VKHFZBUTA4k
Ok, clueless, since you asked, I'll open up a little bit about myself.
I believe there's nothing like a good glass of Château de Chasselas. I mean. Who'd have thought thirty year ago I'd be sittin' here drinking Château de Chasselas. In them days I was glad to have the price of a cup o' tea. A cup o' cold tea. Without milk or sugar. Or tea. In a cracked cup, an' all. And before I could afford my very first cracked cup, I used to have to drink out of a rolled up newspaper. And even before that, the best I could manage was to suck on a piece of damp cloth. But you know, I was happy in those days, though I was poor. Or perhaps it was because I was poor. My old Dad used to say to me, "Money doesn't buy you happiness, son".
'...My username 'Clued' is of little relevance really...'
FACT ! 🤣