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Up +3% and back abive the 1150p level now. Looks ready to make a push for the 1200s. Nat gas pricing has spiked upwards in the US toward $2, yet another bullish sign. DEC on track to join the prestigious Russell 2000 index in May-Jun 2024, at which point the big Russell 2000 trackers must start buying in.
Skier1, why isn't it 1200p yet ?!! It's taking its time isn't it !!
Clued. Skier isn’t a person, that’s why he never answers questions.
It’s some sort of cut and paste and repeat early bot experiment.
It’s never answered a question or had a comment in any sort of context.
Jim
I don't think Skier even reads anyone else's posts, he just does his ramping thing.
Funny, I checked out some of his posts on other LSE share boards and it seems he can do very mild de-ramping too!
"LLOY looks fairly valued right now, at 7 x PE, broadly in line with the global bank average. Dont forget the car-loan DCA scandal is just a few months away from a ruling by the FCA, with costs potentially soaring into the billions. And Labour are shaping up for a whole new world of envy politics in 2025, such as a bank windfall tax, extra pension tax, and extra landlord tax. There's plenty of reason to be cautious."
Great to see DEC close at a 3-month high this afternoon. Nudged £12 in NY this evening (as predicted). It's a beautiful thing.
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 - as ever, fingers firmly crossed. Seems skiramp is getting rather emotional about all this? I'm still looking for BE and outski - and I'm even starting to dare to hope that might actually happen! GLA
Opened higher yet again. And with NG over $2 now, can’t see it stopping anytime soon. Only another 45% to go to break even.
Is that all!! breakout expected in oil and gas i think
Just need an interest rate reduction to kickstart some serious demand.
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.
In at £11.61p not that makes a big difference.
As it's to cheap.
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!!!
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.
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.
I think DEC have proved conclusively these past couple of years that when it comes to BBs they are basically clueless!
Starting to look like the shorts may be doubling down (again) - we'll see soon enough.
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.
PP: I agree - but not sure that would stop them - IIs hate being proved wrong.
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
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.. ...😫
Skier1, not such a "beautiful thing" today. Hope you haven't been selling secretly ?!!!
'...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 ?
'...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.
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.
That's fair enough, pickedpeck.