Member Info for bonker99

Tomorrow is obviously the day - GLA :)

I like $74

"But with prices of oil and gas high, this would buying the top of the cycle"

I suspect that statement is not going to age well but GL

Yes, it's nonsense - nobody can fund anything without a DFS and that was only parked in august.

RNS:

London, 30 January 2023 - Serica Energy plc (AIM: SQZ), confirms that David Latin, non-executive director, purchased 15,500 ordinary shares in the Company at an average purchase price of 247.177p per share.

Agree about the debt - said as much myself the other day - in a hyperinflationary environment debt naturally deleverages itself over time, there's always bigger/better fish to fry in an era like this, don't hold onto cash for God's sake, that's nonsense, get buying/growing your hard assets ...

As for the TV tells me what to think crew below - watch this through 2023:

https://www.lse.co.uk/ShareChart.asp?sharechart=ABDN&share=Abrdn-Plc&chart=technical

Carl Sagan knew what's what.

https://tinyurl.com/mpn6r4nm

Oh BTW - I read today that Russia are making the Taliban an offer for the $7b of US military equipment the Yanks left behind when they were ordered out of Afghanistan pmsl

Even the Rothschilds aren't crazy enough to give functioning jet fighters to coked-up nazis :)

That aged well - see if they go for $74 as soon as next week ...

No doubt - I switched off the TV and stopped paying my TV license (BBC LOL) years ago - I still enjoy the fantasy theatre in "markets" though :)

There's bigger picture stuff at play IMO - probably why they're whacking oil right now - do they drop everything on the "economic downturn" narrrative ahead of the inevitable boom on "China reopening" narrative?

They're giving copper a bit of a kicking right now to so maybe so ...

High comedy indeed :)

Battle Royale going on with POO at the mo - interesting stuff

I wouldn't hold your breath waiting for the oil price to drop and, again, I'd suggest you keep your eyes on the gas price for now, like right now in fact.

UMich 1Y inflation 3.9%, Exp. 4.0%
UMich 5-10Y inflation 2.9%, Exp. 2.0%

You've gorra lol ...

Keep watching DBNO ;)

Backtest $81.4 first then see what happens I imagine.

If they're going to reach for the pretty obvious IH&S @ $74 then they're going to have to pull their fingers out.

Nice, sharp spike down and recovery on oil there for a minute - someone just made a decision ...

PCE 0.1% M/M, Exp. 0.0%
PCE 5.0% Y/Y, Exp. 5.0%, Last 5.5%

Core PCE 0.3% M/M, Exp. 0.3%
Core PCE 4.4% Y/Y, Exp. 4.4%, Last 4.7%

25bps looking likely perhaps - that's as good as a pivot which should allo O&G to rise again, causing more of the inflation the banks desperately need ...

Watch the gas price - SQZ just approved their thing to make them more oil too BTW.