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Fair enough.
Seems not GG - I don't want you getting upset and excited again - I'm just being kind and considerate (we don't want you embarrassing yourself again do we?) - I'm that kind of guy you see!? LoL
So, notrex, no sensible answer to a sensible question, not posed by me, but by another poster ?
Oh dear GG - you're starting to get upset and excited again - you really must try and get over being made to look such a fool - it's something you're really going to have to get used eh!? LoL
'... I'm also now quietly confident I'll get back to BE - albeit slowly...'
I mean, what gives you this confidence, that seems to fly in the face of everything you say about DEC ? And what timeline are you looking at, to break even ? Is it fear of missing out on any fantastic gravity defying rally from here that keeps you hanging on ? What do you expect to be the catalyst to send this rocket to the moon, that has so far proved elusive ?
Notrex, I really would love it if you answered a very reasonable question pickedpeck asked you before you went into total meltdown the other day. It was something along the lines of you have absolutely no faith in Rusty, no faith in the buyback program, no faith that the board has a plan to add any value to the company share price. You constantly post how little faith you have that things will ever get better. So, why are you still holding ?
Hello GG - sorry I missed your post last might but I'm based on UK time so don't play out that late usually. I'm aware that NYSE is becoming the far more important exchage for DEC - indeed I still expect them to delist from LSE eventually (they said they won't but we now all know not to believe anything good ole Rusty says). I rather wish I had that much invested here that it impacted my sleep - but its just one of many (most in Invedtment trusts). I'm also now quietly confident I'll get back to BE - albeit slowly.
I note you're now somewhat less confident, less frequent and less agressive in your posts? I guess it's taking you a while to get over being outed as a sad loser eh? LoL
That's fair enough, pickedpeck.
I did the three Novembers in the original post 24, 25 and 26, I didn't bother with anything further out as that's really more astrology than science, not that futures are that scientific. They are today's best guess after all.
November is weirdly a good proxy for winter pricing, using the same month over three years gives a flavour of where longer term pricing is going, tracking all three as they shift is also interesting. 24 is steadier at the moment than the other two, which is a bit weird. The spot price being way off the Nov24 future is also weird. It's not that far away, it implies storage is currently full but is expected not to be by November.
That $3 price point is important for DEC, I seem to remember reading somewhere that most of their forward hedges start with a 3 rather than a higher number.
'...So, closed on NYSE up 1.79% at $14.76USD / £11.78GBP - having peaked at $14.94 / £11.92GBP. Looking like another northbound day today too...'
Quoting NYSE day in and day out now...Whatever it takes to help you sleep at night, and get through the day, eh notrex ? LOL.
'...Nov 24 futures holding above $3 now, a 50% forecast rise from today's spot price...'
Any reason for choosing this particular settlement month, pickledpeck ? Why not choose Nov 25 at $3.88, or any other random month ?
Skier1, not such a "beautiful thing" today. Hope you haven't been selling secretly ?!!!
Are you sure notrex because I thought today's drop was good ole or young greygeorge increasing his shorts !! Of course, skier1 may have been selling some also.. ...😫
Shorting is a dangerous game though, you can lose multiples quickly if you get it wrong and it's very hard to buy the market off. Something will give eventually, but at least one group of ii has it wrong shorters or JAM
PP: I agree - but not sure that would stop them - IIs hate being proved wrong.
They would be mad if they did. The gas market is now moving pretty quickly against them.
Nov 24 futures holding above $3 now, a 50% forecast rise from today's spot price.
Starting to look like the shorts may be doubling down (again) - we'll see soon enough.
I think DEC have proved conclusively these past couple of years that when it comes to BBs they are basically clueless!
Same goes for a sharp fall too BTW. Likely there will be some tomorrow.
Weird how they don't play catch up on quantity given missed days.
See my post at 16:59 yesterday. The buy backs are being done under contract by Peel Hunt. The BB authority has rules, a section of which is in the post yesterday. Basically the buy backs will only happen within 5% if the five day average, so if there is a sharp rise then buy backs pause.
You can argue the rights or wrongs of kt separately, but that's how it is set up.
Why the stop in buybacks?? They should be buying 50,000 per day at this price, before it goes to £15 and costs them 15% more!!!
In at £11.61p not that makes a big difference.
As it's to cheap.
Late to this one (thank god!). Although I did own it years ago. Profitably but only if I include the dividends. In profit today with average price of £11.67 but had to keep buying all the way down started at £13.27 in December. Extraordinarily cheap then.
For those with the big losses hang on in, it's still a good company with differentiated approach.
The constant inaccurate if not downright lies attacks will fail eventually. Gas is not going away any time soon.
Just need an interest rate reduction to kickstart some serious demand.
Is that all!! breakout expected in oil and gas i think