Member Info for IAmNotAnAnalyst

At the very least if the oil price is lower then the USA has a bit more leverage with Iran - they could mess things up militarily if they wanted too and Trump could still go to the election with oil <$100 or whatever the limit of acceptability would be... I didn't know about Thatcher...the Chinese have been stockpiling in May because of the Iran threat and have stopped now, another reason that higher prices weren't sustained.

Yes it could well be the first act of violence enforcing the embargo, and a tragedy for those who lost their lives. Trump really does seem to be playing both sides with his aim to reduce the oil price...makes it very difficult to predict where we'll end up.

It probably wasn't mentioned as it was one operation by coalition forces - they probably do loads of them. This one may be significant because it's about the US enforcing the Iran embargo, but it's road tankers not ships (I read it as a ship initially). The more important one to watch is the supertanker on its was to Indonesia and potentially on to China...

I'm as frustrated as anyone about the share price but I don't think it's completely laughable. Of course we have a positive bias about this share and that's why we're here. My sense is that this is one of the times where the 'market' belief and the L/MTH's beliefs have a much wider gap. To whit, these are the things that as an optimist and focussing on production and assuming a consistent price of oil we miss or discount the likelihood of an impact: Trade wars and the impact on global growth Trump's aim to reduce PoO in enough time before 2020 election (there are many strands to this bow and do far he had proved adept at including the PoO indirectly) General economic uncertainty (so much in this one but the length of time since the last recession, the damage from the financial crisis still significant, so long with low interest rates encouraging an economic malaise and inefficient companies to proliferate, even with that large brands really struggle to maintain their debt burden from retail to shale to airlines and to top it all off still a massively overpriced housing market for a significant proportion of the population in the developed world). And finally, be it 2 years or 29 at some point there will be a drastic decrease in fossil fuel use...and we may well have to leave some in the ground (how that's done, encouraged and enforced I don't know but it's not impossible). Closer to home, SD repeated significant delays, spinning of yarns and some apparent untruths - how do we know that all the truth is out now, do little lies cover a bigger lie...maybe SD is hugely over budget or there are political issues, it's just an unknown considering the recent past and that had become more apparent recently. That said, I'm still here till SD....unless we have a massive spike from here or decent takeover offer. However I'm also still in ECHO (very bad) and RKH (very good) so DYOR and try to reflect on what assumptions you are buying in to!

+3 oil +1 total That's according to investing.com

Interesting theory! I hadn't heard of WEN but they do seem a bit similar. I don't know if now I'd the right time for SDX; to what extent wouldn't SDX shareholders believe SD would be priced in to any agreed merger price/ratio (or whatever it's called, I don't know). Overall though I like the idea to further spread risk and higher cashflow available to develop/buy more assets in the future.

Off £25k per head for the defence costs and that's higher than the average salary. Although looking at the numbers the commercial entities must pay the lion's share of the government costs. On the upside I'm guessing they don't have trouble sleeping with all those sheep! Thanks for the link Nigoil, I hadn't seen that I don't think.

without 200 scoredagainsteps 205 dodger777 211 IANAA 220 hawkey 231

I sympathize with the frustration. It's a bit unfair to say the 80m loss in value is solely because of the delist...especially when going in to mention the regular delays to SD, a project which will more than double production. Time will tell what the delist brings, even more time will tell when we can get SD online.

Thank you Romaron - much appreciated and a good read.

X-o allow it...can't comment on any others

scoredagainsteps 205 Boyobach 210 Dodgger 777 214 IANAA 219 Dhc 220 Broadland 225 Hawkey 230 Withoutt 232

I certainly hope so - I bought some more on that assumption. If not then we wait until Q4!

Yes I think that's the one. Maybe I'll transfer over my ii also...I never did end up buying any funds or testing what it's like for foreign investments!

Generally - expecting 3 day test to start May 29th. That give 2 weeks to continue prep, which may include producing oil for more then 3 days (although expect pressure from the FPSO provider to move over to day rate). It also means nominal completion on Saturday, so there's a day or so leeway if issues emerge and completion is on a weekend still allowing RNS on Monday 3rd June. I hope I did Steve73 justice there - also there's a fair bit more interesting info in his post.

Yes I should have said, I've got limited experience and it could have just been the shares I was looking at. I've not done a comparison at the same time. However, ii seems to try to get a better offer after you confirmed the sale (I can't remember what they call it). Thinking about it, that might be what sucked me in and made me think they have better spreads.

I use x-o and am quite happy with it, although I was tempted by iweb but never tried it. Instead I also have an ii which I also consider to be quite expensive. The reason for having ii was to be able to buy funds. Also the main drawback of x-o I've found is when buying foreign shares the delay when actioning the trade is extremely painful. However, I'm not sure if anyone else is any better. Overall for UK shares I'm reasonably happy, in that sphere the only dissatisfaction is that they don't always have the best buy/sell spreads - ii seem to have better...for infrequent trading that shouldn't be a problem though.

It's like that problem of over half of people asked think they're better than the average driver. I'm yet to hear Malcy say any CFO/CEO is average or heaven forbid below average!

Yeah early H2, so hopefully July maybe August...

scoredagainsteps 217 IANAA 220 broadland 225 DhC 229 Withoutt 230 ocelot 235 Hawkey 240