Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Nice one winalot. Enjoyed reading that.Cheered me up.
Passed it on to some friends.Might go viral.
Ron
ADUK
Sesawell was still there an hour ago.
HUR have identified PBLJ to P&A LC, but could Seawell do Halifax and Whirlwind as outlined in the YE report-
"The decommissioning costs are expected to be incurred during 2020 (for the Lincoln, Whirlwind and Halifax exploraon wells)" - or will a rig be needed?
Excellent winalot!
Winalot,excellent poem which brought a huge smile and welcome laugh tae ma auld dial,post of the century,Klepto.
No apologies to Robbie Burns needed,Winalot.Even a Yorkshireman can enjoy that
Quite right,I disinvested from Invesco (Perpetual) many years ago but JG is something different,a world figure not a self satisfied mere fund manager like Barnett.
This is not my opinion.I am simplifying that of John Greenwood chief economist of Invesco Ltd,a world renowned scholar in monetary policy.Check his CV.He was on the advisory board which set up the HK currency when UK left in 1997. I have read JG for over 20 years and in particular his stance on inflation,or lack of it,since 2008 .He has been right on every major economic issue since then,and not many economists have been.His article today can be found on the Invesco uk website if you are interested.
Tae a virus!
Twa months ago, we didna ken, yer name or ocht aboot ye.
But lots of things have changed since then,I really must salute ye.
Yer spreading rate is quite intense, yer feeding like a gannet.
Disruption caused, is so immense, ye’ve shaken oor wee planet.
Corona used tae be a beer, they garnished it wae limes.
But noo it’s filled us awe wae fear, These days, are scary times.
Nae shakin hawns, or peckin lips, it’s whit they awe advise.
But scrub them weel, richt tae the tips, that’s how we’ll awe survive.
Just stay inside , the hoose ye bide, Nae sneakin oot for strolls.
Just check the lavvy every hoor, and stock-take your loo rolls.
Our holidays have been pit aff, Noo that’s the Jet2 patter.
Pit oan yer thermals, have a laugh, and paddle ‘ doon the waater ‘
Canary isles, no for a while, Nae need for suntan cream.
And awe because o this wee bug We ken tae be..19.
The boredom surely will set in, But have a read, or doodle.
Or plan yer menu for the month, Wi 95 pot noodles.
When these run oot, just look aboot, A change, it would be nice.
We’ve beans and pasta By the ton and twenty stane o rice.
So dinny think yell wipe us oot, Aye true, a few have died.
Bubonic, bird flu, and Tb. They came, they left, they tried.
Ye might be gallus noo ma freen, As ye jump fae cup tae cup.
But when we get oor vaccine made, Yer number will be up!
Over by Easter? Maybe Trump knew something. Actemra by Roche cures 90% covid19.
Assuming the figure on worldometers is the final one of the day, Italy has failed to make a new high in daily deaths for the fourth successive day.
littlened,
"Yes this is a huge shock to the economy,essentially caused by the response of Govt,s to combat the spread of the virus.But it is a monetary shock not a systemic one and the solution has to be monetary,which is why Govt.s are substituting public funds for the loss of private capacity.Provided the various world authorities do this sufficiently and comprehensively the economic consequences should be reasonably short lived."
I beg to differ with your opinion.
What I see is 'the system' rocked to its roots, maybe about to fall over.
Genghis,
As you'll have noticed, I haven't filtered you yet! Because you're a 'poster' I've respected in the past, and still do.
"My view is that this shock is much bigger than te events you mention, and the damage more long lived. How far that translates into long term behavioural change is unknowable. We'll prolyl need a couple of years to find out, I guess."
And yes, I agree with you 100% on that.
Ten days of 'lockdown' is already hard. It's going to be prolonged. It'll drive people mad. We don't know the outcome.
People are stressed.
But please don't take out your frustrations on this BB by suddenly badmouthing Hurricane, just because you've found it 'necessary' to sell, for whatever personal reasons.
Yes this is a huge shock to the economy,essentially caused by the response of Govt,s to combat the spread of the virus.But it is a monetary shock not a systemic one and the solution has to be monetary,which is why Govt.s are substituting public funds for the loss of private capacity.Provided the various world authorities do this sufficiently and comprehensively the economic consequences should be reasonably short lived.
Short Tracker Interests.
Black Rock 0.73 % - 0.17
Marshal Wace 0.59 % - 0.10
Polygon global 0.48 % - 0.05
Step in the right direction.
Ghenhis, you must spend a lot of time and effort trolling through the internet and Twitter to find the most negative articles that back your views of doom and gloom. Whether that is deliberate or just to justify to yourself your declared position here, I dont know, or really care. I like to see all views but when someone continually posts poorly written negative articles and tweets, they lose all credibility in my opinion.
Coronavirus: Off-licences added to list of 'essential' retailers.
Well, fair enufff.
My view is that this shock is much bigger than te events you mention, and the damage more long lived. How far that translates into long term behavioural change is unknowable. We'll prolyl need a couple of years to find out, I guess.
I meant,
'No more boom and bust!'
With apologies to Blair.
I'm old enough to remember the 1987 stock market crash (and the hurricane that preceded it).
Every weekday, a chilling signature tune which introduced the hourly news bulletin on LBC radio, would be followed by a female announcer, in a doom-laden voice, announcing:
'Share prices are falling on the London Stock Exchange again'
It was a great opportunity to buy quality stocks at cheap prices, but she didn't mention that.
I also remember the journalists repeating the mantra, following 9/11: 'The world will never be the same again!'
Have you noticed any great changes?
I mean, could you get on a 'plane in the 1980s or 1990s without going through a security check?
Now, apparently, the world is going to change again, with oil prices perpetually low, economies perpetually in recession, and Corona viruses regularly bringing everyday life to a standstill.
An economist relative of mine said, in response to Blair's laughable prediction of 'No more boom or bust!'
"Oh! He's going to abolish economic cycles - is he?"
and just as Blair's boom ended in an almighty bust, this bust is going to end in a boom of some kind.
I'm not in favour of the growth of the world's human population, but it has never stopped growing, and it needs energy.
I've seen this so many times, with experts being quoted as though they are clairvoyant.
If it hadn't been for the Chinese messing about with bats, and MBS going batty, this wouldn't have happened.
It's a great time for the media, social media and TSDs to spread gloom.
If you hear Goldman Sachs say that they had over-estimated how long it would take for the oil demand and supply to be 're-balanced' then you will know we are on our way.
"little permanent damage to the world economy."
I wish. Yes, there will be a bounce back, but atm we don't know when, nor from how deep a recession. The financial measures merely cushion the pain ; lost output is lost output, gone forever.
Activity will get back to pre CV19 levels at some point, but as you allude, the company landscape will change.
So might the social and economic one. Working from home will not suddenly go back to offices ; business travel will not be immediately resumed ; and mass market aviation could take a long time to come back. This is a BIG economic shock, like none known since the end of WW2, when economies were far less interconnected.
I don't profess to know the timing of any recovery, nor the ways in which things will change. But not everything will go back to the status quo ante, that's certain.
MakinHay,
Amongst a lot of 'dross' posts I've read today, I missed yours. With a lot about horse-racing and so on.
But you wrote this:
."The one big thing I learned early on was that, as well as wins..you MUST take losses. There is no such thing as a bad profit, and a small loss is better than a big loss. "
And a BIG 10-4 to that!
I'm not a gambler, as such, even if being a shareholder in O&G AIM is 'risky. And also, I sometimes get the p*** taken out of me on this BB because of my poker-playing. But it pays the rent, even if it ain't the sort of money I made when still active in the oilfield.
But your phrase nails it, applicable to almost any activity, be it oilwell drilling, poker-playing, or share-investment.
Don't concentrate on maximising the winnings, but instead on minimising the losses...
A2UK - Great song! I always liked that group. Songs had a sense of taking the Mick out of the establishment.
The huge reduction in private sector activity is being replaced by equally huge Govt.financial support and provided financial interactions aren't disrupted ,and this seems unlikely at present,there should be little permanent damage to the world economy.As usual some businesses will not survive but others will take their place and keep the ball rolling.Markets will recover from this shock as they always do.
daltry,
"Have you all got some new disease? Chill dudes...FFS !"
I was wondering, myself.
Maybe it has somethingto do with this...
https://www.youtube.com/watch?v=g3X3rKtruSg
Genghis,
"I notice that for all the hostility and disbelief here, no one has actually challenged my view of the economy generally, or the oil market in particular."
I haven't yet hit the filter button yet for you, but it's close.
As regards 'the economy generally', I haven't looked at your own opinions particularly, nor at any 'economists', but simply followed gut-feeling. Which is the 'worldwide economy' is in crash-dive, and this covid thing isn't going to help the people commuting from Acton into the City to prop it up.
The 'Oil Market' is what it is. And also it's what runs the world's financial markets. HUR is just a tiny (but rather beautiful) bit of it. But don't confuse HUR for Shell.