Member Info for Albi1

One consideration, which someone mentioned on here before, if you consider NFX are in a highly competitive market place, one factor for the current silence may be advanced talks/developments and wishing to keep cards closer to hand than before ... silence, in this case, might well be 'golden'.

SPG2
Amen to that!

From the RNS this morning:

"A further set-back to the GWA partnership's aspirations relates to the fact that the joint venture has so far been unable to obtain the necessary consents for us to tie back the 2019 Lincoln Crestal well to the Aoka Mizu. The combination of these challenges at GWA had a materially negative effect on the share price.

"The 2019 GWA wells formed part of the fully-carried first phase of the programme with Spirit Energy, which also included the purchase of long-lead items and engineering work for a future well tie-back to the Aoka Mizu, gas export related modifications and debottlenecking. None of this work could have taken place in 2019 without the transaction with Spirit Energy, and we are delighted to have delivered this first phase at no capital cost to Hurricane.

"Whilst otherwise poised to move forward with the next phase of the work programme with Spirit Energy, in light of constraints on achieving regulatory consent to tie back the 2019 Lincoln Crestal well to the Aoka Mizu, and disappointing well results on Warwick, we remain in discussions with our partner on the timing and nature of next steps for the GWA, which also now faces additional headwinds from the macroeconomic environment. Nonetheless, we are in a strong financial position; we enjoy low operating costs at the Lancaster EPS, and continue to generate positive operating cash flow, even at today's low oil prices. Our intention is to ensure that we will be optimally positioned to take the next steps on the GWA and/or Lancaster when the business impact of COVID-19 dissipates and macroeconomics permit; and we are mindful of the need for capital discipline at this challenging time."

Let's be real here, BP and Shell are down over 50%. What's happening is unprecedented. Personally, I'd be waiting for some time to see stability before investing further in equities right now. Time to keep your powder dry and watch and wait. I sincerely hope it's good news tomorrow. At the same time I'm sincerely grateful I cut my holding back in September last year and diversified. Wish I'd taken the whole lot out like everyone else when in healthy profit but there we are. Time to sit out the storm.

Mr Bailey said he was not going to foreshadow the meeting, and that the Bank was an independent institution, but the country had a right to expect that it would work "in a very closely co-ordinated way with the government".

"This is a crisis we're all in. It's an emergency situation," Mr Bailey said.

The governor said it was his "strong preference" that financial markets, which have seen huge moves in recent weeks, should stay open though he was keeping "a very close eye on the stability of markets and their integrity".

But he warned City traders not to "exploit" the situation by betting against businesses temporarily affected by the crisis.

Mr Bailey said: "Anybody who says, 'I can make a load of money by shorting' [aggressively betting on the value of specific companies continuing to fall] which might not be frankly in the interest of the economy, the interest of the people, just stop doing what you're doing."

https://www.theguardian.com/environment/2020/mar/18/tip-of-the-iceberg-is-our-destruction-of-nature-responsible-for-covid-19-aoe

Bartlebobton
Cut it with your comments to Aduk. Pot calling kettle? You're not Ricfle by any chance?

Nothing to stop them streaming it so no excuse to cancel.

Wish you well, Wellwell, have appreciated your good sense and dry humour over the last few years. Good luck out there and all the best.

AquaeSulis01
"So how the hell does the Govt know haw many have actually contracted the virus?"
They don't.

Continued from previous post

May see the SP drop an equivalent amount. Following this and in the coming months from May onwards I would expect a significant spike upwards. Just saying, it's all possible at the moment.

Doing some rough calcs on fall in Brent and likely recovery. Be interested to see if anyone here thinking along same lines. It's possible there's room for a further drop between 30 - 42% in current Brent price at 34.72 today, i.e. into high to low 20s. This, needless to say would be temporary but the knock on effect here may see our SP drop, and I say MAY

Hi Tom
Just saying, look on the bright side - if you bought in now at these prices and this goes to 3p next stop and long term potential definitely 20p plus on news of JV. Besides market free fall, pestilence, famine and war - all good!

There's no issue here at all. They've done what they said they would, rainy season ends around April, further updates will arrive then. If those posting doom and gloom haven't noticed, world markets are in downfall due to Covid 19! This will recover and meantime is an extraordinary buying opportunity.

Less than two weeks away. Financial figures will be released on 19 March. Continue to hold.

In other news - wonder how Andrex shares are doing?

JtD, you're not wrong there re. bravado, but strategy, long term and quite ruthless!

Markets are reacting to the knock on effect of Covid-19, in the same way what goes up comes down, actually it will also go up and probably very quickly as we have seen before, on good news. Safe havens are definitely in favour!

What a morning! How things change and how quickly. If this is what some posters were predicting back in September I don't see how that's possible unless they knew about Covid-19 back then ...
The more probably explanation - no-one saw events unfolding in this way or did they? I'm not a conspiracy theorist by the way just saying there were posters who said Brent would hit this price as would Hurricane and that it was in the order books. If that is the case and if anyone sensible reads anything I write, that points to prior knowledge.

Goup ...
"Wonder if we have any paid rampers on this board?"
You are joking right? Have you read your own posts recently - or have you now entered deramping mode?

I love the way the RNS ends with an, 'oh, and by the way, we are producing 20,000 barrels a day' - all good news in my book. They're putting their money where their mouth is. It's going to be really interesting to see what happens to the derampers over the next few weeks.