Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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AK,
'BASF is an initialism for Badische Anilin und Soda Fabrik (German for "Baden Aniline and Soda Factory"). It was founded by Friedrich Engelhorn on 6 April 1865 in Mannheim, in the German-speaking country of Baden. '
Remember those cassette tapes very well, often had many copies of 'The Doors albums' on them as I drove my 1600cc Ford Corsair after visiting the then girlfriend at the time ..:O)
Other than that, BASF , very interesting Chemicals company
https://www.basf.com/gb/en/who-we-are/BASF-in-the-United-Kingdom.html
As for spies, the price rose today before any spies as such reported on this BB, so one should take with a pinch of salt as always, but nonetheless it happened so take note!
* 'bemused'.
DC,
"In Centrica’s results Spirit Energy is referred to as a robust, self-financing entity. Can you support with evidence your contention that Spirit is in such financial difficulties it puts in doubt their ability to fund their commitment to the deal with HUR ?"
A very well-put and well thought ought reply to the 'doubter'. Seems like some people are getting to mix up their Spirit with their Centrica.
The reason I'm replying to this in my (now more sparse posts here) is that it reminds me of about 15 years ago, when I was wellsite consulting (in the field) for Wintershall in the Libyan desert. I dn't think it will put anyone's nose out of joint to recount such anectotal stuff.
The thing is, Wintershall was not publicly traded at the time.
Nor is Spitit, right now.
But Wintershall was the offshoot O&G branch of BASF. And it'd be superfluous to say who they were or are. (I generally think of BASF in regards to good tape cassettes, but that's just showing my age.)
But the thing being, it was little Wintershall who was keeping the entire company afloat, with production, and then a massive off-field discovery, which scared everyone on-site silly during DST so we never really 'opened it up'.
Of course, since then the N. African plays have gone to sh**.
I am purmused by today's sudden rise, and if it's 'news from the field' am reticent to buy into that, because once bitten, twice shy. The hire of an extra supply-bout is interesting, for sure, but until one of our 'spies' offshore see a flare, I'll treat it as usual speculation by those with the wherewithal to do that.
DC,
Exactly :
https://www.centrica.com/stories/2019/drilling-for-the-future-of-west-shetland/
"It’s not often that you get the opportunity to work on something like this. It could become the cornerstone asset of Spirit Energy for the next 20 years."
https://www.centrica.com/what-we-do/exploration-production/
'By combining the cash-generating production assets of our portfolio with Bayerngas Norge’s developments, Spirit Energy is becoming a strong and sustainable European E&P company. '
Empty Vessel
Last Saturday you posted:
"The current financial situation of Spirit may have an impact on future drills, this company will be going through major restructuring in the short to medium term, its ok too say the deal is done, but is it...."
today you say:
“there are serious cash flow issues there....time will tell....”
Again casting doubt on Spirits financial position
In Centrica’s results Spirit Energy is referred to as a robust, self-financing entity.
Can you support with evidence your contention that Spirit is in such financial difficulties it puts in doubt their ability to fund their commitment to the deal with HUR .
Street : agreed the city know the scoop long before the Wellwell trying to work the share.
Got to laugh..... Bonfire early November !
Two wells ago I think he/she said
The street.....what ****e are you spouting now? What bad news two weeks ago?
Your erudite research or my magic Daltry. Only one of us can be right.
Looking for another bright tomorrow.
Quite apart, any company that can repeatedly suck 10000 dollar bills out of the
Briny ,, should merit a somewhat higher SP.
The rise today in my opinion is linked with positive results leaking from the Leader. 2 wells ago the price dropped all the way down on a bad result this is rising all looking good......
daltry
ol1369 posted on advfn this morning (4120)
“Again nice price action today. Please keep in mind that HUR management did a (non-deal) roadshow with Berenberg yesterday. Strength in the coming days might be a sign of institutional buying. “
If true it may explain todays rise and given there are no other obvious drivers it probably is.
Copied from ADVFN....
Oil prices climbed Wednesday after stockpiles of U.S. crude posted their first decline in six weeks.
U.S. crude futures rose 1.5% to $55.31 a barrel, while Brent, the global gauge of prices, rose 1.3% to $60.45 a barrel.
The gains came after government data showed stockpiles in the U.S. fell by 1.7 million barrels during the week ended Oct. 18, according to the U.S. Energy Information Administration, driven by a pickup in refinery activity, a surge in exports and a decline in imports. Analysts surveyed by The Wall Street Journal had predicted a 2.9 million-barrel increase in crude inventory.
Wednesday's figures -- coupled with recent reports that the Organization of the Petroleum Exporting Countries is considering deeper output cuts at its December meeting to help stabilize prices -- could help boost crude prices.
At the same time, bets on rising U.S. oil prices recently hit a nine-month low, highlighting how expectations for softening demand and strong production from the U.S. and other suppliers have dented the outlook on crude.
"People are nervous," said Mark Benigno, co-director of energy trading at INTL FCStone. "There's real supply-demand fear there."