Member Info for DrPatience

DizzyPup, hear hear, but prob closer to 100%!!

Noel Shempsky - unwelcome and unwanted. No one is interested in your spam, Noel Shempsky.

With interest rates around peak, this will go higher once rates are within reach of falling and 5%+ on cash is just a wet dream. If you can't wait for that (450 to 500p within 6-12 months), makes sense to sell out. Dips will always come...thanks for sharing and good luck!

It's a really boring business, but the CEO is on a mission to make this more focussed and increasingly solid. Doing a good job. Patience will pay off, I hope!!

NOEL SHEMPSKY: I unfiltered you temporarily to see if you had changed your ways. You have not.

You are by far the biggest and most disuptive clown I have ever come across on any discussion board. It is not clever to post conspiracy theory links etc just to suit your narcissistic personality and your attempts to influence the market. Constantly disrupting, manipulating and attacking: nothing to be proud of; you are a sad sad individual.

Please have the courtesy of not replying to anything I post. I cannot see what you say and I am not interested in any interaction with with you, so is pretty much no-one else.

Back on filter.

LSE Admin - The following independent contributors want the account "NoelShempsky" removed from the Deltic chat as he is simply vexatiously disruptive & contributes nothing constructive:

FairDealer20

Banburyboy

Longitude

Getafgrip

Dr Patience

Purdey1

SouthEast18

No. 2

My take: they should just sell off what is not relevant to their core skills (e.g. wind and solar must go) or current infrastructure (it's OK to add charging points to a petrol station, if there is synergy). They can keep blue/green liquids and gas, for example, IF it fits with their core skills and IF the returns are aligned with oil and gas returns.

I can invest (diversify) myself, I do not need BP to do that. If you want wind etc, just invest directly in JLEN and UKW. Anything else is just a muddle!

Hopefully this will now break out properly from the irritating 140-160p range. The performance is solid and it is undervalued on price to book etc. We just need no new scandals!!! As simple as that.

From:

https://worldoil.com/news/2023/9/7/offshore-europe-westwood-analyst-sees-optimism-in-aberdeen-despite-north-sea-region-s-challenges/

"So, I think if you look ahead two years, you hope that common sense, for want of a better word, will prevail with whatever political party [in the UK] ends up in power. They need to understand that the UK is a net importer and because of that, UK domestic production is important to minimize imports from of LNG, which are higher in emissions."

Pretty much sums it up. Despite the EPL (tax), the offset opportunities are equally there and in fact very attractive (ref Delt presentation Dec 22).

It's the constant political uncertainty that is the issue and that's holding Delt's sp down. The underlying asset is there for sure; limited geological risk associated with both Selene and Pensacola.

Warsaw/badjob: good thoughts, thanks!

A US listing could be a quick win, I think. I'm on the fence wrt having the investment bank included or not. It could be argued they are better off freestanding; we don't need Barclays to do diversification for us, we can do that for ourselves. Same issue for fossil and renewables for BP and Shell; metals and coal for Glencore...

Wt4 thanks for sharing...brokers to be taken with a pinch of salt though :-)

Having said that, when interest on cash comes down (and it will), then decent/stable div payers like Aviva will have sp increase.

No need to be an analyst to work that one out! Maybe not quite to 490p though...

Qantas/all: a price to book value of 44% seems grotesque whatever way you look at it.

Over the years they have done many silly things (mis selling, manipulation of market, hiding stuff, etc); is that why? Divs not that great vs book value, so that's another reason perhaps!

I'm just puzzled, although maybe it will eventually break out towards 200p?

Seems to me there was a desire to get rid of him!

Amateurish how it has been handled though, the market doesn't like surprises. I cannot believe it just happened out of the blue.

For the best, I think, albeit we may see short term impact on sp. It's merely investor psychology, the underlying business is solid, so I'm not worried. It will work out well.

Sorry meant getafgrip...

SE18, lol!

It's of course rather spectacular that he keeps saying he predicted sp falls or gains...and consistently ends up with "I got viciously attacked and I was right, again"...yet lost 650k. Right. How credible. Clown, not much more to say.

R, we are on the same page!!

SE18, I really admire your stamina! You are of course right: all this conspiracy stuff should be called out. The guy is a total clown and has destroyed this chat with his troll like behavior. The LSE team can clearly hardly keep up, but I do see a lot of green boxes coming and some going!! His narcissistic behavior is nothing to be proud of; but clearly he is not well. Hopefully, we will soon have real news to work with, but I fear he will continue to try to destroy this chat under his crusade for the "truth".

Sounds like a lot of drivel and smells of fake posts to be honest. Well, if they want to start an avalance, then I suggest they start buying (until they run a out of money). This is not exactly a meme share, LOL!

Let the new CEO settle in and let's see how they will move forward + real news to come.

"Despite Europe's effort to distance from Russian gas, imports of Russian LNG have surged by 40% in the first half of the year."

Not particularly reassuring!! The UK government should be all over companies like Delt, BP snd Shell!

https://oilprice.com/Energy/Natural-Gas/Europes-Shift-To-LNG-Might-Push-Others-Back-To-Coal.html

For the 32nd licencing round, the Appropriate Assessments were subject to public consultation between 25th February and 7th April 2020. The consultation response was issued on 2 September 2020. https://www.gov.uk/government/consultations/32nd-seaward-licensing-round-appropriate-assessment. The 32nd round results were published on 3 Sept.

If they need the same time to assess the public consulation, we could potentially not see the results for the 33rd round until next year, as far as I can work out. Hopefully this is not the case (COVID may have had an impact) and it will be as announced by Sunak some time this autumn. Even more important for him to announce something after the failed offshore wind auction. Let's see. I firmly believe it will happen, but it could take time. I am tempted to mothball the whole thing until we have real news. In reality we don't have a lot to work with until we have more licences, monetisation events or drilling going on.

CNBC: European gas prices jump 10% as strikes get underway at major LNG facilities in Australia.

Will the UK government wake up to the need for national energy security. Not that UK has a great track record wrt strikes in recent times, but at least it is within national control, rather than somewhere else. Saudi, Qatar, Russia and many others are not exactly under our control and not particularly stable either, so we are really exposed.

Wait for corporate takeover... may take time though!