Member Info for Auson

GGG,

I think you are right re bounce point, the shorters posted the story ( via a lazy journo ) they did this for a reason...to close.
I think we could close higher than 353p
RE the WFT or EPL as they call it, I would still be surprised if they change the percentage, I would not be surprised if it is extended 3 years and energy producers and providers are included in it.

Smartie06,

The US ( apart from having trading desks in the UK on our time ) are more likely to be buyers due to weak pound than shorters INMHO

I could be wrong but it really looks like the algos are working hard to keep this down while the larger buys are coming through.

Abode,

There was 3% stock out on loan at the end of October

The idea is "under consideration" ahead of Hunt's announcement of a new budget plan on Thursday, a government source said, speaking on condition of anonymity.

Under the plan, first reported by The Times, the levy would be increased to 35% from its current rate of 25%. It would also apply to electricity generators and run until 2028 instead of 2025 as currently scheduled.

Taconic still nibbling yesterday, last two increases only very small, I think means their confidence is faltering.

Harbour Energy Plc Taconic Capital Advisors UK LLP 1.62% 0.08% 10 Nov 2022

Hardmed,

Well we had 102,000 shares marked sell which was a buy then we had 1.2 million shares marked as a sells which were a single 600k share matched trade. Hope this helps. Better volume today at 5m + shares
I am almost all in !

Proctor44,

Because GIC are no doubt selling and the shorters although I know think are buying back are using auto bots to supress the price.

The 605k at 369.5p X2 was an off book matched trade. Probably GIC selling and Taconic buying

Smartie06,

It was a buy market as a sell from 8.30 this morning at 376p it was over the ask and slam dunk buy. There was also a 100k share buy yesterday. Taconic no doubt started to close !

peterlowen,

I am thinking the Taconic increase in short reported as of 3 Nov would have been taken out the 2nd i.e. running up to the results. Looks like this wasn't a very good move judging by the price action since 2nd Nov.

Just a few fag packet calcs but if EIG planned to divest all of their holding 17.1% as of July 2022 down from 37% as of March 2021 at that rate they should have approx 8% left, which matches the 8.9% stock on loan on euroclear.
Logic would fit that the shorting hedge funds are just front running this selling. Possibly also using it as a hedge against long gas or Brent positions and or some protection on a holding of our retail bonds.

The buying now is likely the shorters taking some profit 'just in case ' there is a bid/ offer and or to protect their margin to use on something else.
There could be a trade to be had here but its super super- risky

romaron,

I assume its cash settlement or spot price ? The code is CBY00 if that helps

Questforoil,

Oil price com are showing December contact $92.72 Jan 23 at $90.49 and cash at $93.42

epiphany121,

Canada produced 4.431m bpd in June 2022 and 4.29m bpd in May 2022. How much do they import, how much do they consume ?
Its like a big shell game.

tradingeconomics com/canada/crude-oil-production

epiphany121,

USA imports circa 6m bpd Canada produces around 4.6m bpd and uses around 2.5m bpd

But yes I suppose they can just get it all from Canada

epiphany121,

Strategically because OPEC and friends look like they are no longer friends of the USA, and we are on the brink of WW3.
Technically because the USA exports lighter grades and needs to import heavy to mix with due to how their refineries are set up. But I am sure you already knew that.

An old article but still relevant.
Exclusive: Firms complain of contaminated crude from U.S. reserve
By Catherine Ngai

6 MIN READ

NEW YORK (Reuters) - Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters.

Problems with crude quality would make the U.S. Strategic Petroleum Reserve (SPR) less useful in an emergency because refiners would need to spend time and money removing contamination before producing fuel. The reserve is the world’s largest government stockpile, currently holding 665 million barrels.

Hydrogen sulfide (H2S) occurs naturally in crude and natural gas, but oil producers typically decontaminate such products before delivery to buyers. High levels of H2S can corrode refinery parts and pipelines - and can be lethal to humans in gas form.

www reuters com/article/us-usa-oil-contamination-exclusive-idUSKBN1H50GI

barbacoa,

And Netflix the day after Meta also recovering ?
I think the shorts decided its time to take profits, SFOR has nothing more to give to them ( at this price )

Netflix stock surges 13% as subscriber growth resumes, analysts believe 'dark days are over'

Netflix (NASDAQ:NFLX) shares surged nearly 13% on Wednesday after the streaming TV giant reported third-quarter results that topped expectations and gave a forecast for subscriber growth that suggested its recent woes may be over.

Late Tuesday, Netflix (NFLX) said that during its third quarter, it added 2.41M net subscribers--more than double the 1M new subscribers it's had earlier forecast--to bring its worldwide subscriber total to 223.09M. And the situation appears to be getting even better for Netflix (NFLX), and it expects to add 4.5M new subscribers during the fourth quarter.

Netflix (NFLX) co-Chief Executive Reed Hastings didn't hide his feelings about the company's subscriber gains and outlook.