Member Info for dunderhead

Respectfully filter me if you don't like the way I converse?
I've been pretty straight about my assessment of TXP.
The Bod is too large, inexperienced in this region for a company of this size and evolution and, this this has meant the projects in hand have not been brought to their current position anywhere near as efficiently as they could have been - imHo.
They have made a multitude of mistakes both operational and "strategic" (from what I can gather and imHo)- however I continue to hold as already suffered significant opportunity costs by doing so - and realise they are finally finally about to (hopefully) achieve the long awaited "wall of cash".
I hold significantly more shares than Sturm (as is stated on Discord anyway) and will continue to do so am not a de-ramper - just people don't like my posts where I dare to criticise management.
It's strange but every time there is a positive post about how many billions we're going to be making blah blah blah this is upticked fifty times but woe betide anyone who makes an honest critique especially when some people were stating over a year ago a placing when the share price was around £1.5 would not be a bad thing and getting shot to f*** for daring to say such a thing - and then a placing arrives a year or so later at 55p or whatever - but you know - that looks to have been a good strategy - current market considering?! Right off out now so genuinely best of luck John!
As ever all IMHO, dYOR.

PS apologies for typos in first post that was written in bed on phone - I now have access to laptop but am off out for rest of day so don't take non reply as rudensss or implicit acceptance.
I'd have thought Sturms first daily (advisory) trader meeting was long over now and he would have a minute or two to reply today?
Best of luck all and kind regards to all readers of this board.

John - why you entering an argument you know nothing about?
Sturm was extremely rude to me before on here and I was gentleman enough to let that one go but then he takes another dig. Quite frankly idiots like this are boring and I shouldn't waste my time reply but...
Some people should understand who they are being rude to in first place FFS.
As I say to Sturm pretty simple.
1. Explain why as an "economist" you had many ways of valuing TXP but chose PE ratio? Don't conflate this by my saying this was disputing or even attempting to put a value on TXP - because market perception / sentiment is far far more important than any "scientific" method of valuing such companies at this stage of their evolution!! I also made no comment on here whatsoever - about whether or not sidetrack would be "successful"?
2. Explain how long you think the Petro-dollar will survive - I personally think I will out live this and if it does collapse I suppose you think this will have no impact at all on the "general market" that you seem to be an expert on as having specified which market you actually work as an economist for - or other tied USD currencies ??!!
3. Please explain why you think the western currencies will be a better investment than "growing eastern" ones?! Yes I do understand the inter-relationship between the yuan and the USD as well and do understand that USD weakening will likely impact China in the short to medium term as well.
Serious questions and am genuinely interested in reply.

You didn't actually answer any of my questions, twat.
What "market" are you a (big, major) ecomomist for, said in a very very brainy voice?
Whilst we are at it, how much longer do you seriously think the Petro-dollar will survive?
I personally think it will be non recognisable in my lifetime.
So what currency do you carry your main investments in?
I'm assuming Euro or Nor?
Why do you think they have a future compared to other "growing economy" currencies?
Please continue to explain why you'd value a micro cap oil company (supposedly with massive growth in production profiles over next couple of years) using PE formula as I've still to hear any justification why ? I wasn't preferring any value for TXP at all just asking why you'd use such z nonbush way if valuing it? I'm assuming being an economist you've used many other methods of valuation but just chose to arbitrarily quite PE?
Whilst we are getting amused by posts on Discord, I'd like to add some of your technical comments and mis-understandings were very amusing to me as well but, honestly I cannae be bothered to list them!!
I am genuinely interested in your long term (big economist views) on western currency thingumies though lol as you claim to be qualified to comment on these??!!
Get back to your pretend computer games mate where yiou can act a big big warrior, lol, "qqing" away about nasty people on LSE who know more than you do about o&g valuations on their **** wipes!!

What fing market you talking about sturm?
"Market economist" talking about price earning ratios for a micro cap o&g company. Why 6 why not 5 why not 7?
Honestly mate.
In all seriousness you just sound like a half wit twat, still to realise what little he actually knows and yet still thinks he's a useful addition to "the market".

Price earnings ratios, ffs lol.
Get back to your computer games this is real life not some twatty free bb warrior universe.

You unequivocally don't need a rig to test.
For some bizarre reason this was actually a discussion point on discord and I didnae bother pointing this out but thought I would here for the less "knowing".

No but I think Sturm may have been a (brief) girlfriend of mine in the past they way they worry for me!!

Jesus.
I had to triple take to check the year and now here's hoping there Is some positive news soon.

Sturm absolutely no need to question my masculinity bro', I can assure you of that. LOL.

Lol Sturm what do you seriously expect? Surely this is a good opportunity to keep on buying, eh?
Poor old PB, BS'er in chief completely out of his depth.
IMHO.

Delatalo very quickly unlikely what normally happens is CALE carry the programme for pre-agreed budget allocation for that asset and when or if this is exceeded IOG then start paying their respective equity share?
Was Nailsworth part of this phase 2 project and is it still going ahead as planned and if so how does this impact the 65MM funding?
All IMHO, DYOR.

Ginmunger if I may suggest to help your "understanding"?
Maybe the reason why the share price is so weak is because whilst there are probably great assets here - the management (excepting G&G) look to be lowest quartile which can lead to significant reduction of "expected returns".
The opportunity costs for holding these shares has been very large and maybe based upon verbal assurances from the CEO - which many times have proven to be crap?
Hence, you've got a pretty tired long term investor base who will likely sell into any rises as they are simply fed up with waiting for continual promises never to be achieved?
Also on a totally different reasoning - share owners may have a multitude of private reasons to sell as well, due to their own personal circumstances which shouldn't be too hard to "understand"?
I hold a 7 figure sum here and will continue to do so and find best not to worry about what others (except "management"!) may or may not be doing?
All imHo.

You could add "not really having a clue" to that list as well, HLM. Unlucky for him huh?

Of course it is confirmation bias - look at the abject failure of IOG to deliver - but any early criticisms of this were thrown out immediately or put down to "learning" issues.
The next stage capital money is aligned with a work programme that could still change - surely there is a risk of that?
How many times did I write that in my experience GENERALLY speaking the smaller discoveries always tended to be more complicated or impacted by complications and ended up smaller and the bigger ones "better" - this was why I was always aware of the relative risks involved - and still do remain of course - and were ignored - that's called positive confirmation matey! All imHo.

Exactly Aligator - which was something I don't think many on here ever realised and still dont!
This isn't a get rich quick scheme or else someone would already have done it.
This was always why I was happy to talk to other suitors when it became very apparent that IOG did not have the skills set required for assets of this nature - which was around time RRE starting sniffing around. I was always very aware of the strength of assets involved - and often did post on this but was pooh poohed away - but thought myself - based upon some of the earlier commentary by the BoD - they were aware of this as well - which has become patently obvious they didn't really have a clue?
Unfortunately (for them anyway) a lot on here who have no direct experience of working in E&P thought they knew (significantly) better and stayed in the land of "confirmation bias" - where everyone keeps on patting each other on the back and pooh poohing ANY dissent - but most don't actually know what they are talking about.
A good lesson for people who get too emotionally involved when holding stocks and taking part with bbs? imHo.

I seem to remember Ezhik being very critical of armchair "management" critics - what a year ago?
That's a good definition of irony from my perspective now IMHO.
Not saying I don't agree with his points of course but...
Don't have time to comment but shows lamentable management "helped out" by NGC - that's about the sum of it and really nothing new?
Still a lot of work to be "finished" by end of June IMHO.

Hi Highland - thanks very much mate - appreciated - to explain and apologies for O/T it's not so much about me but a close family members problems (ongoing for last 6 years) which I had to leave before - as was going to have a heart attack trying to solve / mitigate (money simply doesn't solve everything - in fact can compound issues!) - but looks like we are at an inflection point and (imHo!) they've started to deteriorate further (having finally ostracised themselves from whole big supportive family!) and simply I have to find a solution before I die myself!!
My personality of course dictates, I will still poke my head in here and elsewhere - as and when I can.
Great news about getting some real PR for company now - here's hoping operationally Royston comes in strongly but as above and without wishing to throw simple platitudes - there's more to life than money!!
Best of luck all.

I don't know Sturm I'm a holder of PTAL as well but relative late arrival so perhaps I was not as impacted - just somehow don't feel as "let down" as here - but I get the "feeling" even over on the cult - there is more comparable dis-satisfaction with management performance and communications to date - and why is that (maybe their respective paid PR strategies that "create" expectations?) I haven't a clue - just IMHO - really got to go now do have serious personal issues that I would not wish on anyone - so literally pop in when I can - collective sigh of relief - best of luck all.

Highland - are you seriously comparing the number of respective project delivery and management (delayed) performance of JSE / PTAL - with very good consistent reasons provided for delays to share-holders - with TXP?
Come on, seriously! V busy so got to go now but read the wise pontifications of Sturm and had to reply.
IMHO.