The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi JODO
I think the video that Dick shared is pretty good, well researched by people who appear to know what they are talking about (Dick was good enough to share it previously).
Your post (edited) says "is there anybody who would factor his belief into public policy without some evidence of expertise in the area!!" if I'm understanding you correctly (forgive me if I get you wrong as discussion boards perhaps don't fully cover peoples meanings clearly) is probably one of the most barking mad comments I've read on this Board - and considering we have James Simon posting on here, that really is some going!.
If I take your comment as written does that mean you have to be an "expert" on something to comment on it. Really!!!
So if I go for a meal and it's abysmal, I have to be a Michelin Star Chef to say so, or comment on it?
If I watch Match of the Day and a Centre Forward misses an open goal from 6 yards, I need to be a professional footballer to say it was atrocious football?
We aren't allowed to say if invading Iraq was a good/ bad idea because we weren't in the military?
Politicians make policy decisions daily (unfortunately). Have they all to be experts in the field? (We have a transport minister in Scotland who is a Primary School Teacher - ideally, she would be nowhere near any such decision making, or indeed Government, but that is the elected system we have).
Are you suggestion that the entire Governing and Electoral process we have now be ripped up and replaced? (you might actually have an ally in me there)
Like I say, I hope I'm in some way misunderstanding your statement on the requirement for "expertise" before opinions can be offered.
As to the BB being for discussion about JOG, fair enough.
It's just that it would be a pretty quiet place if we were to discuss matters solely relating to JOG.
There's been about 3 RNS in the last year and 365 days worth of BB typing, with all of us (yes, me as well trying to guess what's going on).
So climate change might be a side show for you, but a gentle reminder - JOG is located in the Central North Sea (Scotland); the current Scottish Government has a presumption against Oil and Gas Exploration; their coalition Green Colleagues want to ban it completely, forthwith; the current SNP Leadership contenders and de-facto next First Ministers of Scotland want to hold referendums on Independence within 3 months of any election.
Our comments may be a "diversion" to the BB.
They will hopefully not affect investment decisions that relate to JOG.
But, if I were about to chuck a billion quid into an investment over some 30 years with those maniacs around, it would definitely be on a list of things to be aware of (at least) and worthy of some discussion on this BB.
PS - Dick, I told you you were a far right crank or had far right crankiness about you!!
That big orange ball in the sky burning at some squillion degrees will be controlled by us cycling instead of driving cars.
Ironing my Hitler u
I find it very sad myself that a group of investors would rather believe a group of university academics than a mentally-ill Swedish schoolgirl activist who clearly loves the climate passionately. I can see this all ending in tears, with compensation needing to be paid out for a lot of hurt feelings unless we all submit to the demands of the activists. ( Incidentally if these people really cared about net zero they would embrace nuclear energy production, but that's a fight for another day. ) Right now our focus should be on forgetting that without climate change over hundreds of thousands of year the ice age earth would have been completely uninhabitable by mankind.
Good link that Dickupham the Climate realists channel on YT is very good .
Here we have Richard Lindzen who is pretty much genius level ripping up global warming BS.
https://www.youtube.com/watch?v=IOKElp_jGLQ
Wow what a buy . It wasn’t me , someone is loading up . Double your money try to get rich ??
It’s a big buy! I would have thought it would have moved the SP a bit more! Unless it is a rollover or there is a corresponding sell in the system somewhere.
Either way, this is due a move north soon imho
That has got to show some hope!
".... without some evidence ..... "
Frazer and Dick
On JOG, Dick is the most consistently worth reading poster here, from my perspective.
However, I still regard his climate change stuff as far right crankiness!
Investors/gamblers in O&G shares (like me!) have a vested interest in protecting O&G and to obstruct the move to renewables. That's fine but your opinion in this debate has a very high credibility threshold!
As to Frazer's firm belief that planets, gravity, tides etc are the real villain and Greta and co are talking rot. That's fine too but is there anybody who would factor his belief into public policy with some evidence of expertise in the area!!
These pages would be better without these diversions, imo, unless they might have some short/medium impact on JOG's price!
(Even if Dick merits some latitude!)
A large windfarm in CNS would have a huge impact on a deal; electrification economics, which means Investment Allowance super-deduction.
https://twitter.com/offshoremgzn/status/1631090191778578433?t=oK7Z5HkWCmG0SBIqYwp3YA&s=19
This project is a long way from certain and doesn't fit our timeline but things like this may factor into optionality in a deal. Maybe. Perhaps a partner is getting comfortable with the ideal that timelines should tie up here and that gives a good chance upside to economics.
Dick
A pretty authoritative video.
Unfortunately, by sharing it, you are now Far Right......the go to "shutdown" of cranks and weirdos the world over now.
As for the guys in the video, they must still be crying their eyes out that years of research from multiple credible sources has been burst by a wee girl with pig tails saying "How Dare You!"
They must be inconsolable, as the world media and political "elite" have sided with the school truant.
I wonder if I'll be around for the day when the penny drops and the masses discover they have been had.
I fully believe that the position of planets, gravitational pulls and tidal flows dictate our climate, not your Granny driving around in her Ford Fiesta or some cows in the field having a pick at the grass.
Moons, supermoons etc have long been used to accurately predict high tides.
Perhaps we should ask the headcases to stop everyone driving their cars for a month and see if wee can stop the high tide at your local harbour.
We all know it wouldn't make one jot of a difference.
As an aside, saw this on twitter yesterday. The movements and gravitational pull, together with the position of the earth's axis has much, much, much more effect on our climate than any unwashed, knit your own clothes, lentil eating deviant will ever comprehend. (perhaps if we can make them feel guilty about living in a world with a solar system they might start taking out their inadequacies on by shaking their fists at the sky and leave the rest of us to get on with enjoying our lives - with a few quid from a JOG sale in our pockets).
Anyway, here goes.
https://twitter.com/MAstronomers/status/1632377077591572480
I’m off for my morning jog . Feeling very positive this week .
I’ve just placed a buy order and cannot buy . This will re rate .
Also can’t get a quote to be a measly £1.5k
There is nothing on the sell side - started flat but this should pop again today. Can sell all my shares for way above the quoted sell price
Sunday night treat ?? ??
Dick, you have got to be joking, I was expecting some good music to finish off the day - I got 5.57 mins into the 44.05 mins and now I'm off to bed. These days I struggle to remember what happened yesterday never mind those millions of years ago - goodnight.
Some relevant facts for a change:
https://www.youtube.com/watch?v=pj-Iu1i317E
Here here don’t even get me started on this gender nonsense….let’s chop bits off and become a women there loonies in a very small minority don’t even give em airtime
Yep - agree - this "Net Zero" malarkey has to be stopped, but there is next to no chance of that happening.
No spines available in Westminster or the media generally to stand up and shout stop.
It's now engrained in politicians mind as a "fact"; News outlets have some climate "emergency story" on every broadcast and web page (it was disposing of clothing and cotton up here on Friday that was going to lead to the end of civilisation as we know it - according to BBC Scotland anyway).
Why blame cotton?
We have enough loonies in positions of power who can do it all by themselves without having to blame clothes, cotton and (I forgot) anaesthetics.
I don't know when I was asked about this climate emergency thing, or when I was supposed to have voted for it, but my word, it certainly seems to have been brought in by a landslide.
Perhaps it's time for another referendum or two.
Had enough of the Scottish Independence one? The Brexit one?
Let's have one on Climate Change on whether we (Joe Public) believe in it; whether we should be squandering billions of pounds upon this work of fiction?
And finally, just to give the Liberal, Green Guardian Readers a reason to get really boilingly mad, let's have a vote on this Gender Reform Shenanigans (you know the one about men saying they're woman and rapists being women, despite being hung like a Belfast Ham).
Has to be done in the safe space of the polling booth - the lynch mobs of social media, the televised media and Westminster would have you hounded to death if you didn't agree with their perversions.
Yep totally agree…this net zero is an insane idea..windfall taxes are a nonsense as well things come in cycles sometimes good sometimes bad, i don’t recall the oil majors getting help 2 of years back when oil nearly at zero!
That article contains a "lot of common sense" sadly common sense does not win electoral votes taxing the industry wins votes and drives away investment. When the BBC directs its attention on the billions the oil majors earn in profits and then highlights the large increases in "dividends to shareholder" Joe Public interpret that as the "rich getting richer". It is never pointed out that the vast majority of those dividends support the "pensions industry" from which Joe Public will or does already benefit from.
Spot on this
http://digitaleditions.telegraph.co.uk/data/1231/reader/reader.html?social#!preferred/0/package/1231/pub/1231/page/53/article/NaN
Extract at the bottom from last week
Hard to imagine that one or more of Ithaca, Harbour or Serica wont be involved here..
There 15th is now rapidly approaching.. as are their respective financial updates where investors will be seeking good news..
Harbour goes first next week (9th)..
DYOR
Extract
---------
Ithaca Energy (ITH) picked an interesting time to come back to public life. Its first five months since November's initial public offering (IPO) have seen oil and gas prices drop at the same time as the UK government ramped up its energy profits levy (EPL).
As a result, the company's share price is down a quarter from its IPO price of 250p, a drop similar to those sustained by other North Sea-exposed companies like Harbour Energy (HBR) and Serica Energy (SQZ) over the same period.
Executive chair Gilad Myerson told Investors’ Chronicle the EPL had taken the air out of the sector even with the government calling for greater domestic oil and gas supply. “Since the listing, we’ve faced quite some headwinds coming from the UK government,” he said, adding that Ithaca was “very committed” to developing its assets and to the North Sea specifically.
This is positive especially as the Norwegian giant was until a few years ago divesting from the UKCNS . Fingers crossed on a possible deal . The end is near as they say . On the way driving to Edinburgh for a few days and listening to Capital chill radio station . Yes this is all us mortals can do at this stage chill !