Member Info for dryland

you only post negatively genghis.....however i have no issue with it as these are the most difficult of times particularly for oilies. I look forward to the day when you have something positive to post but i'm not holding my breath. Out of interest are you posting on other boards or just HUR...actually i will take a peak :-)

i guess it was the report in energy voice that made them feel they had to announce it but i agree with you...we are taking a spanking on the back of it.

yeah of course it was a buy...silly me i forgot my confirmation bias for a minute

@roger....I dont agree with your 'big buys' argument...i can't see any trades for 75k several @ 50k but some are sells so i would like to know where the 'big buys' are?
https://www.sharesmagazine.co.uk/shares/share/SNG/trades
You dont mention what is a big trade a 720k sell @ 8.47am...maybe they know something?

https://uk.investing.com/analysis/oil-crash-2020-the-saudis-unintended-help-in-a-pandemic-200439752
“I expect the Saudis will continue doing what they’re doing to destroy the high-cost producers of crude — i.e. U.S. shale — so that they can get as much market share as possible. They’ll be waiting, of course, for a comeback in demand, so that they can administer cuts again and get the prices they want.”

“And that’s where it gets complicated — because no one has an idea how long and bad the recession anticipated from this virus will be. While low oil prices are extremely stimulative to the global economy, demand for crude itself is contingent on so many nuanced factors. So, the economy might continue benefiting and the Saudis may continue losing.”

@ 9.06am 13.63p

I am not saying it won't drop tomorrow as i have no idea but then again neither has anyone else...however the sp rose when they announced the same message on 19th March. Won't be long till we find out.

this was already flagged up lat week and let's face it you don't need to be an Einstein to work it out....you obviously didn't read this from the Final Results RNSs:
'Should oil prices continue to decline further and/or remain at these current lower levels for an extended period of time, this would reduce the level of operating cashflow generated by the Group from its producing assets and could lead to a potential impairment of assets.'

Mmmmm remiss of you...but par for the course

jesus more drivel...give it a rest will ya...biggest mistake was someone telling you it was funny

i heard there were one or two Albi....but not many

there was nothing innocent about this classic episode of Rainbow
https://www.dailymotion.com/video/xbgbc1

@ aqua i concur completely with your response

a bit perky this morning

https://www.bbc.co.uk/news/business-51962982

what are you on about?

this is an interesting snippet:
Due to the nature of the Group's business, it has accumulated significant tax losses since incorporation. The Group has $487.9 million of ring-fenced trading losses at 31 December 2019 and other allowances and supplementary charge losses of $761.0 million, which have no expiry date and would be available for offset against future trading profits. Following commencement of production from the Lancaster EPS, positive cash flows from operations, data analysed to date and estimates of future taxable profits, a deferred tax asset of $54.3 million has been recognised in respect of some of these trading losses and a corresponding tax credit recognised in the Income Statement.

i filtered the lickspittle ages ago...great results this morning...well done HUR

Pdub i have shared your post on the HUR BB

This was posted on the BMN BB by Pdub:
Thought that some of you might be interested in this summary of an investor conference call run by a large financial institution that was sent to me by a friend. Some of the time was spent discussing Covid-19. I have only included the part discussing economic aspects. The last paragraph is very significant. It suggests that the City does not perceive this as a systemic problem like 2008 but more a one off issue that will correct.

"China’s economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.

Global GDP growth rate will be the lowest in 30 years at around 2%.

S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.

There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.

In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudi’s are caught in the middle and do not want to further cede market share to Russia or the US.

Technically the market generally has been looking for a reason to reset after the longest bull market in history.

There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008."

happens all the time when a troll gets banned they re-invent themselves...it's not difficult to do