REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
'Seawell' is heading for Halifax.
However, unless the coordinates were out by a couple of thousand miles, it's not to P&A 'our' well. ;-))
https://nypost.com/2020/03/24/man-who-died-on-bus-in-china-tests-positive-for-hantavirus/
jh... We haven't heard much in the media of what they are doing there, I can't read German so I'm a bit stuck on that one. The low nr of deaths really stand out when compared to the nr of cases.
Strawberry or plum jam ?
Don't forget Through the Looking-Glass and What Alice Found There, Double:
“The rule is, jam to-morrow and jam yesterday—but never jam to-day.”
Just about sums up my experience of investing in HUR!
i am not sure you are comparing like with like. In Italy if you have the virus and die then you died from the virus, whatever other underlying medical condition you had. In Germany they are more precise...they classify death from the underlying medical condition much more readily. I am not clear what we do in the UK
" Their 'health-care systems' are in danger of being overwhelmed" The health-care systems are being overwhelmed in Italy, Spain and France and are on the cusp of being overwhelmed here, in the UK... Get you facts right ADUK, try to stop making even more ridiculous statements.
What I'm curious about, is how the Germans are doing so well at managing the outbreaks there.
A suggestion was made in one of the papers that if the patient had an underlying condition then that was recorded as the cause of death, at least at the start. May be completely untrue and just down to a better health system and number of ventilators in place. They have compulsory medical insurance which goes to the insurance companies and can't be stolen by the government like national insurance over here. The Aussies have a similar system, Medicare, which works well too.
feelinlucky,
"does anyone else think stock market may be next to shut down?"
'eskibeatbeater' replied to you "And shut down all economies?".
But it's a valid sort of question, nevertheless, to my mind. We're living in unprecedented times. Measures have been taken in many countries due to a 'health scare', and for a simple reason. Their 'health-care systems' are in danger of being overwhelmed. However, that's already having a bad knock-on effect to other 'systems'. So difficult to predict how things will pan out further on up the road.
For those going into (or already in) 'lockdown', having a lot of good reading matter to hand will be primordial. Here's a few Adoubleuk recommendations:
'Funny Money' by Mark Singer
'SYSTEMANTICS (How Systems Work, and Especially how they Fail)' by John Gall
'Alice in Wonderland' by Lewis Carroll
'Deepwater Horizon (a Systems Analysis of the Macondo Disaster)' By Earl Boebert and James Blossom
'Devilfish' by Dave Ulliott
(Not sure what Hungarians have to do with this)
Here is a telling comparison of some of the latest figures:
Germany: Total cases: 32,991 ; Total deaths: 159
UK: Total cases: 8,077 ; Total deaths: 422
Lol seems we have same thoughts here. Typing at the same time.
Thanks for that !
"How come oil companies doing well today .HUR not so ?"
Easy answer, a 26% rise yesterday, people expect a pullback, however those same people just don't understand how undervalued Hur is at these prices. A profitable company in this environment is gold dust, operations not affected, cash still rolling in, though less off it, but any cash making company will do well. Market will play with you for a while but expect to see Hur close up today.
Sorry i no expert on this .just a question .
knivey,
"How come oil companies doing well today .HUR not so ?"
What are you talking about? As I write, HUR is down about 1.5%. After yesterday's rather amazing rise, I was expecting about a 10% drop, with the unscrupulous dealers doing their thing. But it hasn't happened. Maybe (hopefully) some 'shorters' have got their fingers seriously burnt. It'll be interesting to see what happens after Wall Street opens.
@ 9.06am 13.63p
How come oil companies doing well today .HUR not so ?
News tomoz ???
Spot on LW...
In spite of the doubts expressed about the reliability of China's figures, the fact that they may not have recorded all cases and have been locking up people trying to find out what's been going on doesn't mean the trends implied by their figures should be doubted.
Furthermore, South Korea, a country without China's authoritarian tradition, has been recovering along with China.
Their respective recovery rates are now 90 percent and 40 percent.
It seems that the number of new cases in SK has actually been rising, but not as fast as the number of recoveries.
Days ago, Apple announced that it would be re-opening all its stores in China, and the authorities have announced that Wuhan will return to normal on 8 April.
Neither of these things would have happened if the Chinese were simply fiddling their figures.
Seems odd to be toasting 14p as a decent share price.
2 thoughts
1) $20 oil cant prevail forever
2) We cant stay locked down forever. Humanity will find solution to Covid-19.
Sit tight and strap in for long haul.
HUR could yet come out the other side in good position ($100 oil as global exploration cut with increased reserves)
And shut down all economies?
does anyone else think stock market may be next to shut down?
FPS is shutting down this weekend. HUR won't be effected but others will. Still producing...thats the only thing I take from the RNS that is significant.
eskibeatbeater,
"But we will recover. One day. "
Maybe.
"It really comes down to do you believe Hur can sustain"
Agreed. But I don't think there would be two AHT's on their way to pick up the rig if the company were worried about their foreward plans.
" and how overleveraged you are and can you ride it out."
Anyone 'overleveraged' shouldn't be in an AIM - listed O&G stock to start with.
What do you guys want/expect currently? Most of the world is in lockdown. Consider that affect on the world economy. It's not just us.
But we will recover. One day. It really comes down to do you believe Hur can sustain and how overleveraged you are and can you ride it out.
The RNS was merely to be expected. What wasn't, for me, was the rise today. If we drop tomorrow. It's still better than without the pop today.