Member Info for Clued

TinkerT, more strangely I find when the analysts cite a rarget maybe 30% above current sp but give Neutral or Hold !! And when they change their target sp by maybe 1p, is it really worth the effort !!

Bacchusll, if there's nuclear war, no-one will care about the stock market !!

Bobabout, maybe Northerners don't want to go South either !! How about those Russian assets frozen in UK, why not liquidate those for the coffers ? Where did the Chelsea FC funds go, etc...?

meoryou, surely BP have done detailed DD before spending Billions ? Admit that when I saw the premium I thought why not offer less, but shareholders have to trust their BoD to some extent and there are many other factors we don't know about.

TheTrotsky, leveraging does increase risk, fair enough, but what I find even criminal is using leverage as a security to increase leverage further, 6-fold in some cases per the Daily Mail article. Like remortgaging a house worth £400,000, initially receiving £250,000 which is invested in Gilts and then using the security of those gilts to obtain more funds which are invested, etc. . Naively maybe, but I couldn't believe what I read about that level of risk - up to 6 fold leverage of original asset (pension funds herein), that is criminally negligent. A few people like Next's CEO and the University heads warned about the LDI's, etc... Individuals need to be called to account and put in jail.

jefff, after reading a link to a good explanation by the Telegraph of the LDI 'crisis', I feel none of these so-called respectable economic and political 'leaders' deserve to walk proudly with the heads held high. The risks they knowingly take with all our lives, and the West says we are 'democracies' (I didn't agree to LDI leveraging), are in reality criminally negligent behaviour. The years ahead I feel will be filled with evermore riots and public expressions of anger at the current status quos similar and worse to those happening in Iran and Russia.

Great article meoryou. Thanks. Feel now at least that I 'understand' things better. Shocking how these things are allowed to evolve by so-called 'respectable professional' folk, guess that's why I tend to be cynical. The last main paragraph 'The terrifying truth, however, is that while gilt market chaos has exposed a genuine crisis in pension funds, no one really knows where the next disaster will strike.' prompts me to think of Putin's nuclear threats !! Que sera sera !!

meoryou, yes, overlooked Donald Trump and he has followers who'd do anything for him. Interesting to see how his upcoming date in court re Jan 6th 2021 will go. The panel of 9 who've summoned him include two Republicans and the verdict was 9-0 to summon him... No-one can honestly say that our current lives lack variety and colour !!

TinkerT, agree except that if a competent chief law maker - PM, President, etc . - also has charisma then that is a huge plus because people admire and support them more. Mentioned Hitler because he was a great orator and 'hypnotised' his audience. I have a great hate for his type - Putin currently one, Idi Amin, Stalin, etc... - and fascinates me how the nazis, and others, were able to 'fool' their populous. I'm not the type fortunately to be easily influenced by those type of leaders as too cynical I guess !!

This is a rock solid share, commitments unchanged re Ukraine support, indeed NATO defence spending to increase. BA. Pres sold last Tues for tax reasons so that shouldn't affect movement today....

TinkerT, yes. Been saying for many years that modern times lack the charismatic leader type. Mandela, Charles de Gaulle, John F Kennedy, and maybe a few more had that charisma, but today's so-called leaders are generally just paid elected law maker chiefs, nothing more nothing less. When one sees Adolf H shouting forth, very evil as he was, he had charisma, his millions of followers would do and did anything for him voluntarily. What leader would people do the same for today voluntarily ? Can't think of one.

Smartie06, I read up on the scenario re a Truss resignation and Sky link here appears best - https://www.google.com/amp/s/news.sky.com/story/amp/the-options-to-remove-liz-truss-as-some-tory-ministers-say-pm-cannot-survive-12720307
A GE if she goes soon is not a definite. Truss will resign if no-one including ministers co-operate with her - how could she continue ?!! Sack them all ?

And what are Labour plans for North Sea oil and gas and HBR specifically ? There are already 65% taxes, how high can they go before an operator says NO, we're not producing oil and gas ? 90% taxes ?!!

Smartie06, if no one respects Truss as PM, eg they ignore her, she'll have to quit. .. Does that mean there'll have to be a Gen Election ?

comeonvog, how would 'Labour kill the North sea E&P we really are all doomed .' ??? There's no general election for 2 years !!

comeonvog, I really hope you're right as I have my fill, Holding not selling. HBR today down c 5.6%, BP and SHEL down less than 1%. Something very suspicious here. I smell a rat here Dr Watson !!

Added some more today, very cheap at these levels even if it falls further.

Jefferies raises Harbour Energy price target to 670 (600) pence - 'buy'

All this is about shorters and other sellers perceived future recession demand (volumes sold) destruction v O&G prices, so perceived future Total Revenues. GS, JPM, Barclays' analysts believe the Brent price will head well over USD100 in Q1 2023 so really depends on volume sales. Employment still very high, Winter coming, etc.., so I feel demand destruction very limited so I'm holding and expect a big jump soon...Let the shorters make their bucks too !! GLA

stewart81, what I find so ironic when one stands back from all this is that LT and KK have done more damage to UK than a person committing a serious criminal act and yet, as you say, KK in his smugness is probably 'scoffing a Ribeye steak and drinking champagne'. There needs to be criminal remedies for such negligence and that would ensure that Nero wannabies followed the controls when evolving country budgets, eg filter them through their fellow ministers and the OBR, etc..