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I cant help but notice that Simon Thompson of Investors Chronicle ( who 'introduced' me to my decision to invest in JOG) has gone very quiet since the NEO FO of which he spoke EXTREMELY highly at that time.
This week in Investors Chronicle he has discovered another small OIL outfit with 'great prospects' and guess what - they're about to do an FO - and brokers say multiples of existing SP can be expected -guess what - BUY says Simon
DONT ALL RUSH.
While there is much berating of JOG CEO for non-communication - I think that man is consistent in his neutral non-hyped communications - any one who bought JOG shares cannot claim this man has induced them to buy.
But I think its about time Simon Thompson took the stage again to explain his thinking given that his original thoughts back in IC of 6/4/2023 when JOG shares were 277p recommended 'Buy' and said " Indeed, I can see the share price of £90M market capitalisation more than doubling if a major farm-out deal is secured "
Well we have had the " major farm-out deal " secured and the SP is now only at 60% of what it was at 277p on 6/4/2023 before the FO , even though Simon Thompson says it was a fantastic deal.
Simon Thompson should now take the stage and explain himself with regard to JOG before he continues to recommend further small oil companies shares purchases.
I've always thought that Sunak has never expected to win the next election, and therefore him its about showing maximum time as PM on his CV for the next big international job, book, and speaking circuit.
So modus operandi is to try to keep everything as calm as possible and no big political slip-ups.
I dont see an Aurumn 23 Gen_Elec - I'd guess Dec 24.- lots more international meet-ups etc, for Rishi.
One less competitor.
Since 'adjusting' EPL is likely to receive a howl of 'indignation' from Labour politicians and the media, slipping the news out during the recess sounds like the sort of thing that could happen.
" News has been terrible - if that turns then market should rise and small caps will follow with a lag."
Ouch.
Thanks Rollo.
Have just seen /listened to that Note but its dated 12th April 2023 on my screen.
I cant find any audio note dated 12th July 2023 - can anyone throw some light on this please ?
Hello Poor Timing.
I am not against renewable either, nor a 'climate denier' given the extremes of global weather we are seeing.
But there is a 'prima facie' case the 'scientific establishment' is excluding results that don't fit in with the 'political orthodoxy' of the current age.
So as the TalkTV with the ' NetZeroWatch' chap showed, all the climate change computer models - the ones saying we're heading to disaster are constantly having their 'raw results' adjusted by 'climate change committed experts' to produce results that now tell us how badly things are progressing.
Allegedly these ' CONSTANTLY ONGOING adjustments' to the models and outputs are made for good objective scientific reasons.
These are not 'minor tweeks', but some of the upwards adjustments are of the SAME SIZE as the resulting predictions of the extent of the the predicted warming.
Some scientists can stray from science and become players in a political process that guarantees them future government funding etc.- scientists that disagree get ostracised and excluded from the mainstream of their profession
" Wind turbines are not recyclable " -
Indeed - the TV programme showed large quantities of worn out turbines being dumped in landfill.
While mentioning ESG there was a NetZeroWatch ( a climate change sceptical organisation) on TalkTV this morning showing that lots of wind turbine hardware is wearing out much sooner than anticipated and requiring replacement sooner than anticipated, thus undermining the claims for future pricing of wind energy.
He also mentioned, possibly not unrelated, that the current owners of wind farms are trying to sell many of them to retail ESG funds, nicely passing their replacement costs to small savers and personal pension holders.
Greener101
"Is JOG too small and illiquid for anything but tiny special sits funds? Also on the ESG schit-list?"
Greener101, why do you say JOG shares are 'illiquid' ?
Well how about Income Funds as the dividends could grow and grow.
And it does seem to me that JOG has a very competent management team who are going about matters in a very sound way - even if the current SP frustrates us all - me, who is currently sitting on a loss, no less than others.
From DU on 10/5
" I do know that No 1 on the NSTA's list of preferences as to what should happen to redundant infrastructure on a field coming to the end of its commercial life is to re-use the redundant infrastructure elsewhere. JOG's specific inclusion of: "re-use of available FPSO's" could imv be significant.
Taking this thought process further, then of course it wouldn't make sense to take onboard a second farm out partner until the positive effect on overall infrastructure cost has been factored into overall development spend "
Seems this exactly what is happening.
Its interesting DU how your 2 different calculations result in a similar SP - that suggests they are accurate.
Isaac Newton = DO
I'm grateful to anyone who can do and understand these calculations, however spotting an error in someone else's complex calculation is not the same as doing the initial calculation oneself.
It was Isaac Newton who referred to himself as 'Standing On Giants Shoulders' ( in reference to others that paved the way for him).
Thanks DU
Zeus note today predicts 2nd FO not until Q4 2023 - the torture goes on.
Morning DU - re " ....The sector is toxic - particularly JOG......"
I understand the first bit, but why would the market regard JOG as 'particularly' toxic ?
DU Thanks for that.
I wasn't familiar with SWS but had opted to start receiving their posts - I have now stopped.
I was concerned, but you confirmed what I suspected but was not qualified enough myself simply to dismiss.