Member Info for Bismarck

Hard to believe the lack of upward SP movement following what I consider to be a reassuring trading statement

So based on your understanding George there's no correlation whatsoever between NG futures at a given time and the rates at which DEC could hedge their future production at that given time. One may just as well compare future banana transport costs and anyone who considers otherwise is a moron.

Sustained lower gas price would surely result in less investment in new wells, resulting in an eventual increase in prices towards historically higher levels. There would also be cut price wells to be bought up by DEC.

Why do you think January's trading statement will issued be on Monday?

Histrionic personality disorder......

George,

I copied and pasted nothing. I actually went to this site https://www.tradingview.com/symbols/NYMEX-NG1!/contracts/ and manually input the current day's monthly futures contract prices from Jan to Dec for each respective year into columns on an excel spreadsheet and used the "AVERAGE" function to arrive at a yearly average. So "today's" rates are the rates for the day of my post. What day's rates do you think I'd post, April 1st? Idiot.

Seeing that the price has been reasonably stable past few days I wonder what they are planning or expecting to happen next to affect the price? Presumably if they expected no further drop from here they'd have already closed their positions.

Angels

I've read Slater's book too. If you've not already read it I strongly recommend Benjamin Graham's book "The Intelligent Investor" While many of his examples predate WW2 most of the principles discussed are still relevant today.

@ Trek,

"And the unit costs are below 1.9 and that’s allowing extra for plugging!"

I assume this is their operating cost including debt and plugging, excluding divi & profit? I think I read that they need $3 to make the business model work comfortably and pay current divi, anything above $3 being a bonus?

It was almost 20p when they started commissioning last spring. If it can make this work I expect a lot more than 20p for all the risk, worry and previous losses I've experienced with this roller coaster company. I'll either be exiting at 30p+ or cutting my losses at 3p by the end of 24, LOL

Thanks for posting that Bubba

Shouldn't this sort of thing be subject to an RNS?

George,

DEC will pick and choose when and for how long to hedge based on the available prices. They are now presented with quite favourable prices to choose from for the next 3+ years. Completely meaningless to you perhaps George, but not to DEC or the rest of us here.

Average NG futures prices based on today's rates -

2025 $3.6

2026 $3.9

2027 $3.8

Dividend should secure for some time yet IMO. I'd load up even more at these prices if I hadn't already put in as much as I'm comfortable with in a single company.

TheTrotsky

With futures for 2025 now averaging circa $3.5 and 2026 circa $3.9 I'd consider that revenues for the next 3 years look OK?

To quote my blocked out word relating to the shorts

W A N K E R S

so there's a new short in play today. caused sp to drop to a little over £8 at one point in london, finishing around £8.50 but soon to recover to $12.89 across the pond which is basically £10. in my book that's a big fail. better shorting next time, ******s!

"Up 17% now"

Yeah the Yank institutions are not fooled by the fictitious reports produced by the shorters it seems. They know they're onto a good thing at this price.

Https://twitter.com/SeplatEnergy/status/1749788261273252015?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

We're working with the National Oil Company & the government & we're optimistic about a speedy resolution of the MPNU deal. We estimate that our turnover revenues will probably go 2 to 3 times what they are today in terms of production. #transformingLives #SeplatEnergy

Ok, thanks for the explanation Axe

It all seems very odd to me. I understand, and to the best of my ability follow, Benjamin Graham's mentality. The way markets now work seems completely irrational to me. I guess that puts me in the "not too many brain cells" category.

So let's consider Graham's strategy. When the share price is depressed and disconnected from the company's fair value for no good reason one should buy. Providing that the company you've invested in is sound and has a long term future it should only be a matter of time until there is a correction and share price rises to something approaching fair value. At that point one should probably sell and search for other value opportunities

Presently this is in deeply undervalued territory IMO

I guess the issue here is that while I just give shorters the middle finger there are weaker retail investors who give up and sell. I will sell of course, but not at anything like these prices!

Shorts should definitely not be made illegal. Shorts are especially important in hot countries, particularly where people need to work outside of they have no A/C in their office.

In all seriousness, is shorting not often connected with market manipulation? Was the first short here not opened the day before the congress letter ? I don't believe in coincidences of that nature.