Member Info for Boyobach

The wastage of that 500 billion is a disgrace….. we poured it down the toilet on keeping healthy people locked up.

Healthy people who used their heads and minimised risks generally stayed healthy.
Healthy people who didn’t were more likely to become infected and continue to spread the disease, delaying the resolution and increasing the cost.
Were ‘pensioners’ mixing in large numbers and travelling to infected places? No.
Were pensioners wandering around Tesco and picking up Covid? Not if they followed the rules.
Should pensioners foot the bill for idiots? No.
Lack of preparedness together with mass stupidity is an expensive mix. Much of the ‘500billion’ is basically the cost of social irresponsibility. The laws of natural selection kick-in: if you take the risks you are likely to pay a higher price, especially in those places where the population is dense in both senses of the word.

Yes indeed Nightpusher... The KRI was the perfect place for Todd Kozell to do business.
Here's another recent related article (no paywall):
https://www.occrp.org/en/investigations/the-rise-and-fall-of-a-us-oilman-in-iraq

For the week just ended, GKP are top of the pack and G are bottom:
https://invst.ly/uw8r4
The damage to G mostly happening on Wednesday when it fell below the near 6month trend and 150 support to close at 144:
https://invst.ly/uw8tt

After today’s rise to 1080, CWR tracking the NASDAQ CELS index and slightly ahead of it when rebased to 18th March (the 1060 fundraise reference) https://invst.ly/uw8m5

Yes indeed Klassic. A lot will depend on G's next update and forward guidance, which will hopefully clarify the 'unknowns' created by KRG's wobbly payments over the years.

Correction: By my reckoning, the total amount of KRG debt (due on the suspended RSA + 2020 Receivables) is therefore around $151m based on payments notified by RNS up to yesterday (20th May).

That is $37.8m due under RSA + $113.2 of 2020 Receivables outstanding at end of April.

Just a note on the RSA, which is due to end in July 2022 and was suspended for 14 months (Nov19-Dec20 inclusive), I've since noticed that the missing months were stated to have been worth $37.8m in the 2020 FY results. I’ve previously suggested that the RSA might be extended by 14months but, given the relatively low value of the missing months, I now think this seems unlikely. By my reckoning, the total amount of KRG debt (due on the suspended RSA + 2020 Receivables) is therefore around $160m based on payments notified by RNS up to yesterday (20th May). At present levels the RSA might be worth about $8m/month, so with 17 payments remaining it's perhaps worth $136m if current levels of production and OP are maintained. DYOR.

Fair point about the payment terms, Klassic. Although I'd be bound to ask whether it matters? The KRG pay if and when they want to. Would be good to reliably get production payment within 60 days.

Date correction: since they both peaked on March 12th.

Interesting to note that BP has outperformed RDS since they both peaked on Feb17th, the difference being effectively worth £1 to RDSb at this morning’s prices. However, this has arguably been because BP has tracked Brent more closely, experiencing increased volatility as a consequence.
https://invst.ly/uw16q
So, in theory, RDS should react less to the sharp fall in OP - as Brent drops rapidly out of the rising trend it has enjoyed for over five months. https://invst.ly/uw1a0

At least we're on the right side of the gap (to 1362) Reason to Cheer up indeed!: https://invst.ly/uvddo
Lots of stocks dow today but RDS still trailing the FTSE since last May ...https://invst.ly/uvdgl

Yep - I guess we all wish we'd bailed entirely at 180. By way of reassurance and for comparison, I thought I’d look at G v GKP over the last couple of months from mid Feb.
https://invst.ly/uvcru
The timing is chosen because during that period G and GKP were close in terms of actual sp and G was at 152p: the rebase point has GKP at 156p just 4p above G. Fast forward to today and GKP is 5p up and G is 8p down, 7p of which can be attributed to ex-div. So G has slipped by around 6p (4%) in comparison over the period, during which time GKP also had a payment proposal from the KRG. It’s not a massive difference, with GKP likewise pushed down to a significant support line (view from October):
https://invst.ly/uvd09 .
At least, it seems, G has not been particularly singled out and both companies have landed at their respective equivalent support levels. The story at DNO looks much the same too: https://invst.ly/uvc-a

Life’s a beach innit? The KRG choose their moments - their mild bit of ‘tinkering’, as Malcy described it, puts the boot in and then there’s no buffer when the market gets challenged. Déjà vu November 2019, prior to OP wars and Covid.
So G is now under downward pressure along with others but already on the back foot and resuming the downward trend that ran through April, with the usual gravitational pull accelerating it into the support line. https://invst.ly/uv4sq Let’s hope the sponginess here will absorb the impact! I can’t believe that 132 is back on the radar - this is about as brittle as I’ve seen the sp since March last year. The 15’ view is a bit more precise in terms of the current trend: https://invst.ly/uv4t- .

Invariably, as a price approaches a support level the risk increases: will the support hold? A bargain is only a bargain if the bottom has truly been found. G reaches that point this morning where the orange trend line and 147 support combine to hopefully stop further decline. There’s a bit of ‘intra day’ latitude to 144 but below that I need hardly elaborate where it might go. https://invst.ly/uv0he

Apologies - wrong thread!!!

Invariably, as a price approaches a support level the risk increases: will the support hold? A bargain is only a bargain if the bottom has truly been found. G reaches that point this morning where the orange trend line and 147 support combine to hopefully stop further decline. There’s a bit of ‘intra day’ latitude to 144 but below that I need hardly elaborate where it might go: https://invst.ly/uv0he

Yes - there's certainly a gap to be filled there at Ballard: https://invst.ly/uu-hn

Further to Chilting's comment:
The Nasdaq Clean Edge Green Energy Index (CELS) may be a useful index to watch as it is ‘a modified market capitalization-weighted index designed to track the performance of companies that are manufacturers, developers, distributors, and/or installers of clean-energy technologies’.

Here is CWR against that index (in green here) based on CWR being level with it at £10 from Dec 7th: https://invst.ly/uunqt

Yes but shame about the gap to 1372.
When you compare with Chevron (from mid March) you can see that RDS should be doing much better https://invst.ly/uuju4 .

O/T: CWR is tricky, bunks. The similar (but different cell technology) Canadian company, Ballard, has been much more volatile and poor full year results there seem to have dragged CWR down recently. Comparing the two suggests CWR is at the bottom now - but it is a speculative thing: it's not making any money yet. https://invst.ly/uuj4f . It's sticking below £10 rather too long for my liking.