Member Info for daltry

Join the dots -
I couldn't have said it better myself.
The problem in a nutshell........ time for a businessman, not a geologist.
Main market essential.

And the shorts will have to cover their positions, or there'll be a squeeze.

Shedful - Good call on VLU last week !

Scoresteps - Not invested for the dividend income.

I am told from someone who controls a LOT of HUR shares that it is hedge funds selling this down since 45p.
Targeted because there are a great many PIs punting on this non income share. Easy cannon fodder.
Make of that what you will. No further comment.

Believe only the RNSs.
The rest is friction.

Lady Sonia -
Ever heard of MMs?
It means Market Manipulators!
Only seriously joking!
I truly believe this share is Manipulated.
Just can’t prove it.....

Only believe the RNS.
The rest is friction.

Lunchtime Beer ?

Only believe the RNS.
The rest is friction.

IfOnly - You are taking this out of context. The discussion was a matter of hedging in the $ 70 PoO with regard to HUR's next cargo. Locking in the unforeseen profit if the PoO drops from this unforeseen rise. Of course shorting is not hedging, neither is going long. I have finished this debate.
'Speculators' is just a polite market term for commodity 'gamblers', although they do serve a function by providing liquidity in the market. In my day('70s), one could just provide the cheque, open a/c , and begin. Nowadays, there are all sorts of financial and compliance restrictions to adhere to. Definitions of speculators and gamblers present differences of risk opinion open to conjecture.

If only - FFS !of course going short is not hedging ,
But it is in terms of locking in the sale price of HUR’s specific cargo.to be delivered next tine, which was the context of this discussion. We both agreed we both don’t know the terms if the BP-HUR agreement. This is not an option which is a different animal altogether. I despair....FFS !

If only I knew. Yes it would be good to know, as you say.
Going short is hedging - as is going long !
It depends if you are a buyer, or seller - of the physical
commodity - and you want to lock in a price fix of that said commodity.
Not hedging leaves the commodity's value open to market fluctuations.
The owner now is risk exposed to uncontrollable and unforeseen events.
Hedging locks the value in.

Cebo - No worries. No harm done. I don't know the deal with BP (also, privately told with Shell, but can't confirm). Anyway the PoO is all to the good, and more profit for HUR .

Cebo - I never said HUR do trade futures... I said they could.
So what do you mean "Where are the facts?" ?

Cebo - Who, or whatever you are, if you have an a/c(not easy) with a futures brokerage house, you can buy or sell futures contracts. Futures contracts are mainly designed for producers and buyers of a commodity to 'hedge' their costs or sales.
I'm sure Mr. Stobie is fully aware of this basic normal accepted process. 99% of the financial world is. The only down side is if the PoO keeps on going up. Then the futures position has to be closed at a loss. That should be offset by the buying price BP is paying for the cargo. As I said I, don't know the details of the BP-HUR arrangement. What happens, buy hedging, is HUR locks in a profit it is happy to accept. If Mr. Stobie goes down this path, I'm sure it will appear on the final accounts. As a commodity broker for Merrill LynchPFS in the '70's, London, NY and HK, I brokered and executed thousands of such contracts. No big deal.

mover123- Agree on SP.
I don't know the intricacies of the deal with BP, but HUR can lock in
and hedge the advantageous PoO today, by selling the rough
monthly deliverable amount on the Oil Futures market
and close the position when its cargo HUR is sold to BP.

Accepted, of course.

You are correct Chablard. Frustration is the order of the day.

Why don't they just drop the SP 25p and be done with it?