Member Info for barnyards

'this will ease all of us back to a semblance of normality relatively quickly'

sorry littlened but if you think the world will return to some form of pre-virus normality 'relatively quickly' because governments are injection gazillions into the economy you are being sadly somewhat short sighted. (IMO)

(IMO) a vaccine is the only answer to the world returning to some form of normality (as we knew it) however the massive effect this standstill has had on people and the economy is still to follow and unfortunately a vaccine alone won't solve that particular problem.

ergo I'm afraid the economic fall out as a result of this virus will be on an unprecedented scale (unlike the 2008 financial crisis) which is why I liken it to the 1929 crash and the great depression that followed.

you see, you (or governments in this example) can throw (or print) as much money as you (or they) want in an effort to help stem or solve the pandemic whilst simultaneously attempting to prop up ones economy but ultimately any money borrowed during this attempt will have to be paid back and it has to come from somewhere and/or someone.

sorry you might not see it that way but that's my take on what lays ahead for many an individual or family or businesses in the years ahead before we can return to any form of relative normality.

anyway best of luck if you are hoping to jet off to some tropical beach with your profits anytime soon ... :)

sorry but comparing WTI and Brent is like comparing apples and oranges and if you don't understand the difference between the 2 and the mechanics of how they are bought and sold you really shouldn't worry yourself about it.

all you need to understand is although the price of Brent will fluctuate up and down just as any other commodity bought or sold in the market place will, it will NEVER go negative and any journalist or reporter saying different is simply scaremongering with their misinformed sensationalist headlines.

anyway, as I mentioned the other day $26 per barrel (NOT $17) is the critical headline number for HUR and although it might be some time yet before Brent recovers and properly stabilises above $26 so that HUR are once again selling their oil at a profit, the $70 million in unrestricted and uncommitted free cash that they have on the balance sheet will safely and easily see them through the remainder of the year, albeit as I also mentioned previously any prolonged low oil price environment will undoubtedly impact next years financials and with it any forward thinking operational plans.

IMO what is YET to follow will be like the great depression that followed the 1929 stock market crash so the key for any company at the moment is simply SURVIVAL

the thing is the world will slowly and eventually return to some form of pre virus normality (albeit any normality of yesteryear might well be somewhat different in the future) and therefore the demand for oil will return and the prices will rise as stock piles start to deplete, however it will be a very slow burner so (IMHO) I wouldn't go expecting to see a rapid return of any SP into the 30's or 40's or 50's or 60's anytime soon.

I think if the oil price recovers and holds above $30 for a significant chunk of the second half of the year and as a result the SP is back into the mid to late 20's by end of year it'll be a very good start.

ATB

WTI up circa 14% and Brent up circa 4% and in early morning trading BP already up and over the 330p hump

250p - 280p a share and no dividend huh

funny I don't see many of those green eyed window licking monsters about this morning

oh dear what a shame :)

steady as she goes

'Rockrose is the ultimate fit for Premier Oils portfolio'

I think its you that's missing the point as what you don't understand you never will - simples :)

rookie by name rookie by nature (insert face palm emoji)

girlfriend huh

must have taken you all of that 16 mins to inflate it

like father like son - simples :)

a long walk huh

13:11 - 13:27

at 16 mins that benefits street bedsit must be bigger than I thought :)

like father like son - simples

'says Gozzie, who never ever ever shuts up'

yep and this new yapping dog reminds me of that other falkland islands LEG END back in the good old ii days and trust me that kit kat would never shut up either

who knows maybe they are related

like father like son - both simple :)

''His so called sob stories are hollow and don’t ring true. I have had quite a lot of experience dealing with people who genuinely have mental health issues. More often than not they are the last to broadcast the fact and ask for any consideration''

its ramblings are more akin to a socially deprived teenager trapped in a benefits street bedsit

if it were a pet I'd have it put down :)

like father like son - SIMPLES

140 grand and 95% down and the benefits street nutter calls us THICK !!

priceless

like father like son - SIMPLES :)

another full page of green boxes in just 5 hours tells me our welfare state bedsit queen is still on the go

the strange thing is I have no idea how someone on state benefits and handouts can lay claim to blowing 140 grand on shares but if that is indeed true then there must be something truly wrong with the system

thank god I no longer have to contribute to such a woeful system that continues to waste the public purse housing and feeding these societies leeches whilst much more deserving causes have to go begging

140 grand and 95% down (insert giant face palm emoji)

like father like son - SIMPLE

oh dear god looks like BP shareholders are all doomed now the Falklands LEG END has turned up

the thing is I've never really understood why companies will attract so much focus and attention on a dividend payment by those that don't actually own any shares

as they say

you gotta be in it to win it

simples innit :)

LOL that last weeks news :)

whereas in today's news BP are still going ahead as planned to dispose of those Alaska assets for $5.6 BILLION albeit with a slightly revised payment plan from Hilcorp

as for cancelling next months dividend

LOL I don't think so :)

sorry don't agree with you there foresight as a reference to break even is vitally important for everyone (current or potential investors just as much as the company) to understand as it effects not only any future operational or production expansion plans but the ultimate full field development plans.

therefore (for me at least) if there is any misleading references at all then its on Slide 48 where the company once again seem to be keen to reiterate an unrestricted cash balance of $152 million and operating costs of $17 a barrel when the reality is its not

its $70 million and $26 respectively

for those that didn't manage to join in live, there will be a replay available later but as I said before it was all rather dull without a Q&A and all rather unnecessary.

personally I'd say Page 46 of the presentation is the only real slide of value and interest for going forward as it clearly shows $70 million as being the current free cash figure to look out for and perhaps not the $152 million (unrestricted) being headlined and allured to by some.

its all about the details folks ... details :)

spruce goose - no not really

the missing link in the jigsaw was the Q&A as that is always mush more informative and telling than any presentation

it was a pretty dull affair in my book and somewhat unnecessary

the only thing I took from it was the $26 per barrel as being the REAL break even cost

why everyone keeps emphasising a production cost of $17 per barrel as THE important number as the REAL break even cost for the company is $26 per barrel and therefore that is the number investors should be focusing on and using against market oil prices for calculating any true sales profitability

I noted Dr T himself kept on repeating $17 as the buzz number and even closed the CMD as saying even in current market environment it did not pose a threat to the companies finances but that's not strictly true IF oil prices were to remain under $26 for a prolonged period of time.

anyway for me the 'ALL UP' cost per barrel is the headline number investors should be looking out for not the opex which is continually listed and quoted by companies as although its an industry standard to quote this, in some instances and some companies it can be seriously misleading

only 10% down today so can't be all bad :)

'please adjust your filters to view'

err NO thanks :)

140 grand - oh my god (insert face palm emoji)

like father like son - SIMPLE x 2

grand and 95% down eh

that's hilarious

like father like son - SIMPLE :-)

'David Wall currently holds 29,395,798 XCD Energy shares and 2,500,000 XCD Energy listed options'

his snout is well and truly in the related party trough :)

at a 100% premium to Fridays closing price

https://hotcopper.com.au/threads/ann-off-market-takeover-bid-for-xcd-energy-limited.5361619/

related party transaction huh ?

sadly further dilution for 88e shareholders on the cards but at least Dave will now get all his money back (despite being currently 50% down) from the last XCD placement

snouts in trough springs to mind :)