Member Info for greygeorge

Asp1, I don't know if you're stupid, or a liar. I asked for an independent CPR, as DEC last issued in 2020. Then they stopped. Wonder why ?

Anyway, please provide a CPR to back up your claims.

Thankyou in advance.

'...Taking a bigger picture view in 2017 (IPO year) DEC had PV-10 assets of $259M today PV-10 assets are now ~$3,6B with debt of ~$1,6B which will decrease to zero as the debt amortizes. Thats decent net growth and does not take into account the value from all the undeveloped land...'

Asp1, could you direct me to an independent CPR that validates the figures quoted in your guesses, above ?

God I love this board. 🤡🤣

'...Could the next two decades be long term

Hold decades though?...'

Is this some sort of failed Haiku attempt ? 🤷

'...I guess we can agree to disagree...'

Of course, if you turn out to be right...Well, I won't be too disappointed to have been totally and utterly wrong😊.

Hope you have a nice weekend too.

So, Clued, you even lie when you say you've got me filtered. You need help. Lol.

'...either Blackrock and other IIs are wrong, stupid etc or you are, however you can keep to you fixed position DEC going bankrupt and all IIs and RIs that invest in DEC are stupid....'

Terry, DEC won't 'go bankrupt' in my opinion. DEC will enter Chapter 11. Which is protection from going bankruptcy while a company re-organises. The only losers in Chapter 11 are the small 'retail' shareholders. IIs will have some sort of hedge and insurance to mitigate their losses in the event this happens. Idiot.

Way beyond the understanding of most of the posters' here, but please, don't be ignorant all your lives people.

'Assume you short 100 shares of Big Co. when the stock is trading at $76.24. If the stock rises to $85 or beyond, you would be looking at a substantial loss on your short position. Therefore, you buy one call option contract on Big Co. with a strike price of $75 expiring a month from now. This $75 call is trading at $4, so it will cost you $400.

If Big Co. declines to $70 over the month, your gain of $624 on the short position ([$76.24 - $70] x 100) is reduced by the $400 cost of the call option, for a net gain of $224. We are assuming here that the $75 calls are trading at close to zero after a month. In reality, it may be possible to salvage some value from the calls if there are a considerable number of days left to expiry.

However, the real benefit of using a call to hedge your short position in Big Co. becomes evident when the stock rises instead of declining. If Big Co. advances to $85, the $75 calls would trade at a minimum of $10. Thus, the loss of $876 ([$76.24-$85] x 100) on your short position would be offset by the gain of $600 ([$10 - $4] x 100) on your long call position, for a net loss of $276.

Even if Big Co. soars to $100, the net loss will stay relatively unchanged at $276. The loss of $2,376 ([$76.24-$100] x 100) on the short position would be offset by a gain of $2,100 ([$25 - $4] x 100) on the long call position. That happens because the $75 calls would trade at a price of at least $25 if Big Co. hit $100.

There are a few drawbacks to using calls to hedge short stock positions. Firstly, this strategy can only work for stocks on which options are available. Unfortunately, it cannot be used when shorting small-cap stocks on which there are no options. Secondly, there is a significant cost involved in buying the calls.

More importantly, the protection offered by the calls is only available for a limited time. Every call option has an expiration date, and longer-dated options naturally cost more money. In general, time decay is a major problem for any strategy that involves buying options. Finally, since options are only offered at specific strike prices, an imperfect hedge may result if there is a large difference between the call strike price and the price at which the short sale was effected.

Buying a call and shorting the stock is a much safer way to be a bear. Despite its drawbacks, the strategy of using calls to hedge a short position can be an effective one. In a best-case scenario, a trader can actually increase profits. Suppose the shorted stock drops suddenly, then the investor can close out the short position early. If the investor is particularly lucky, the stock will then rebound. In that case, the call options that weren't worth selling when the stock was down might turn a profit in the end.'

Here you go Terry, a VERY basic explainer - which should be understandable, even to a moron like you.

https://www.investopedia.com/articles/active-trading/021715/how-protect-short-position-options.asp

'...Up and down she goes...'

Tazed, do you have me filtered ? I told everyone this was the way it was going to go short term a week ago.

'...IMO it is more likely the IIs are playing the shorters and panicking RIs, they have more fire powers, better research and will end up well in profit along with the RIs with the stomach to hold out during this period...'

Terry, SERIOUSLY ? do you truly believe that these multi-billion players are looking to shaft one another by 'playing the shorters' ? They have been doing business with one another for centuries, do you HOINESTLY think that one party is going to attempt to shaft the other for a few million dollars - or pounds - in a backwater fraud like DEC ?

Are you stupid, ignorant, or just lying to yourself, Terry ? 🤔

Oh I forgot, Clued's filtered me. He's actually gotten more moronic since he did that. 🤣

'...Gee Terry, I hope Jupiter has brought plenty of fireworks to the Party because they'll be needed when the 10 declared Shorters are kicked out of the Party !!...'

Bit embarrassing, like telling someone they've got toilet paper stuck to their shoe, but its actually 11, Clued. I mean, the number is right there, on this page staring at you, in the box marked DEC Short Positions. But don't let facts get in the way of your tin-foil hatted view of the world. By the way, Q sends his best, lol. 😉

'...Go ahead GG make a fortune, short DEC, sell all your great analysis to Jupiter, Blackrock, Barclays and others, I sure they will be so grateful and give you lots of cash then reverse their positions based on your great work instead of wasting you time posting here....'

Calm down dear. Relax. Enjoy the 'up' day.

It's cheap, yes. Mega cheap ? depends on what your definition of 'mega' is I suppose.

But Kounrad has a defined lifespan, CAML itself is investing in exploration knowing the future is finite as things stand right now. And that in itself is not a negative, but maybe if the Aberdeen investment, or CAML-X finds a new prospect, then it may become a target itself. Private equity though ? No, they wouldn't be interested, there's no asset-stripping and re-bundling to be done here, so there's no quick profit for them.

'...Jupiter joining the party with Blackrock and Barclays, obviously not seen the great analysis gone by GG...'

Terry, you mean the analysis originally posted by me 18 months ago, when the price of this share was £25 ? Or do you mean the analysis posted by me at £24, £23, £22, £21, £20,£19, £18, £17, £16, £15, £14, £13, £12, £11, £10, £9 or £8 ?

I mean, OBVIOUSLY, MNG, et al, are collectively patting themselves on the back having bought in, and added, at£25, £24, £23, £22, £21, £20,£19, £18, £17, £16, £15, £14, £13, £12, £11, £10, £9 and £8.

🤷

'...Greygeorge,

I wasn’t late to the party, just late to this board...'

Fair comment.

A cash machine ? 🏧

For Rusty, perhaps.🤠

For shareholders ? 🤡

Not so much. 🤷

Good point, Clued. How dare people make spurious and unsupported assertions !

'...Redlse, what's your source for "No more cash for BB in september" ?...'

Oh. Hang on. This you, posting spurious and unsupported assertions, Clued🤡 ? :

'...Rrb1981 and greygeorge probably also buying on the QT...'

Oops. My bad. Let's try that again.

'... No more cash for BB in september, who will support the SP now?...'

Trek Baloney. Apparently. 🙄

Oh and the cult have already stated they'll be re-investing their dividends. 👍