Member Info for BlueGlow

Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office, says whether the Fed hikes rates again may be beside the point.

“The important takeaways are that interest rates are likely to remain elevated for quite a while, and that these levels aren’t necessarily an impediment to continued economic growth or stock market performance. It’s easy to forget that the low interest rates investors became accustomed to in recent years were the exception, not the rule — the fed funds rate is now just a little above its seven-decade average.”

Background.

https://www.theguardian.com/us-news/2023/jul/26/ufo-congressional-hearing-what-to-know

Today's report.

https://www.theguardian.com/world/live/2023/jul/26/ufo-hearing-congress-david-grusch-whistleblower-live-updates

Lols, like a "feel good" post like that, good shouts on all of those !

If you have the gift... Use it :)

Great headline nom, lol. :D

Far too many drilling holes with no foreseeable way of converting grades into £ notes, Imo.

Https://www.marketwatch.com/investing/stock/bky?countrycode=es

Up 10% in Madrid.

Am getting all kinds of quotes to buy on JAY, between 1.39 and 1.5, moving around a lot.

Perhaps, put it this way, im not a buyer today.

It seems unlikely there will be much progress until the political situation is resolved, and that may take a while. Would have to go lower to tempt me. It was around this level prior to the news of an election.

Good morning all,

And well done Trek.

Hope you both enjoy your holliday :)

Sp has risen about 75% since the snap elections were called.

I dont know if some assurance has been given by the PP, that BKY would get the green light to proceed if they get to power, or if its all just speculation based on the assumption that they would be more "friendly" than the socialists they are trying to oust.

Only Skimmed some headlines earlier Tro, but sounds rather like another round of elections may be required for any faction to amass a majority. So maximum uncertainty.

Those perceived to be more ameenable toward BKY garnered the most votes, but not enough.

Judging by the lack of rain fall he had on the farm previously, had we experienced the kind of temperatures Europe has had recently, the whole crop could have been in a disaster!

Nom,

Very illuminating post, thanks.

Lols kenny.

Yeah,

I like SOUC as a gas recovery play.

Obviously lots of good news in the pipe for TXP.

So if i can get a few cheap ones :)

Have traded SOUC with success previously so its a happy hunting ground for me.

Watching SOUC.

Starting to look rather cheap again, may bite if i can get 21 something.

TXP, bit of a dip, perhaps punters disappointed that there was no RNS this morning. Id like 73 (for no particular reason), but that may be a bit optimistic.

He1,

Could do with getting the RSI down a notch, but looks to be forming a tight bull flag.

Only thing niggling me at the moment is the potential for some functional issue with the drill they acquired. One assumes the audit would have been thorough, but thats an assumption.

"Rig is suitable for operations and was signed off independently by international rig inspection and audit company ADC Energy Ltd ("ADC") in July 2022"

Note the date.

"The Company has an inspection report of the rig from 2022 which confirms that the rig is in good condition and a more recent inspection by the Company, prior to acquisition, has confirmed it remains in working order. "

Sounds ok, would prefer to know the extent of the recent test they conducted to confirm its status. Lorna seems like she has her head screwed on though.

Well done mick :)

Yeah :)

Also, the volumes there are sufficient to plough through a placing at speed so it shouldnt create a drag for long, assuming its well timed by the Lorna and co.