Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
OK
Thanks to the ones who do actually research AND remember.
Let’s get down to it:
Who tried to save Barings in the 80,s?
Yep me and a few others with a consortium that only failed cos UK govt jumped in and said:
No we know better and let’s tell the MARKET – Nikkei we are long but we will short it,
About the best one bet ever!
Market and the taxpayers lost twice the amount.
1992 Mr Lamont - £ safe – collapsed – yep made a lot.
2000 ish sold everything except houses.
Sort of thought we were in for a few probs .
2007 – still working in Finance – cancelled all lending for my dealing teams to RBS/HBOS/Notthern Rock/ Alliance & Leicester etc – All went bust a few months later.
That’s my credentials
Plus whilst never ever having in side information of course.
Your choice.
GL
IK
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Rossannman
Oh dear!
I was just relaxing with my first glass of Chablis and you had to spike my guns!
I will not get into a how big is yours argument cos I don’t need to. Oh ok I will!
I’ve got more money than you’ve ever dreamed of!
Suffice to say I used to work for the CURRENT largest financial institution in The World.
I did many billion $ deals.
I made several billion $ for said institution.
I dealt with oilcos @ the boardroom level.
I dealt with the biggest food chains @ the boardroom level.
And various other multinationals @ the boardroom level.
Along with many other varied businesses.
I worked in London/NY/Geneva/Zurich/Frankfurt to name but a few.
I had 250 senior execs reporting to me @ 1 point.
Now Percy and Robin just flew down and told me I’m going on a bit.
I don’t like doing this “up my own a..e” stuff that you obviously do – BUT SOMETIMES………
Now then – proof of pudding time and you regular posting guys know I am not here for acclamation:
Please “recommend” or disparage @ your convenience.
Cos I’m getting fed up with the idiots.
GL ALL STALWARTS.
IK
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TIB
I knew you were good but didn’t realize how GOOD!
Thank you very much for that commentary – very much appreciated.
GL
IK
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Rossannan.
You’ve obviously missed dozens of updates since then and I’m trying to be polite as we all LTHs are.
BUT I’m not surprised!
GL
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Star/ Parry
Thank goodness for other insomniacs or travelers – which I used to do 18/24.
Star /Parry great info — Btw Star - was a squirrel not a fox - don’t want to build up my machismo too much!
X
Also to – I hate this with avengeance – thank you P_I for his very good commentary hier soir.
Ya know what - we have really good exponents of investment analysis here.
Great statisticians/researchers etc.
Some very very good Pros – in the oil business past and present.
I have thrown the numbers around many times, based on very serious research over the 10+ years invested here.
And with all due respect I could discourse with any “expert” on any perspective relative to BPC
Including SP & EU (except insider knowledge.)
The point I would like to make whilst also trying not to be up my own a..e!
It is all immaterial now:
We have a drillship.
We have finance – and don’t come back @ me with yeah but no but – trust me we have – your choice! You don’t initiate a drillship without it!
We will drill and we will/or not find oil.
I tend to spend my days being somewhat relaxed and yes not caring about where the next £10k is coming from.
That’s called old age and been there.
And pompous ass if ya like.
Patience – - - - ………….this is literally onboard.
As my fav poster says – “Be safe”
But as I also say - be happy and don’t sweat the small stuff.
GL
IK
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Bryn
I will be your wingman any day!
We used to have fun on this board until we inherited a bunch of merger folks!
Now then come on down if ya think you’re good enough!
Bryn
Luv ya fella - always have (how many years? )- always will.
Glad we had one of you keeping us safe!
GL
IK
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Ibiza
And quite right too.
This is one of those that can make a difference IMHO.
I’ve permanently got my finger where the sun don’t shine these days.
Best wishes to you.
GL
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Tib exactly mon ami.
GL
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Hi Ibiza.
Mate as I’ve said many times I am not on oilie.
However I do know Finance/ M&A/socioeconomics etc and the numbers that are being aimed @ go far beyond trying to guesstimate what happens to The SP. I.E. price per barrel.
As I said t’otherday and several times previously –“1 drop of oil”will explode this like never before. This region has been a sacrosanct tourist/finance area.
The geology bespeaks it. The desperation of bankrupt nation/s bespeaks it.
The will has never been there before because tourism and finance made everyone wealthy or comfortable. I speak from experience of having had oversight of a Bahamian financial offices.
And I am not being patronising – I love the people there and have many friends.
BUT they are being crippled as per World events. As are many Carib Nations.
I can see 25p on success of any magnitude.
If we hit target of 1.77 – 1bill plus everyone will be talking - the next well and the next well and then buyout.
Stick with it pal and don’t get transfixed by the detail.
This is BIG or it is NOTHING.
GL
IK
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Please do not take any of the following as in anyway sarcastic, or patronising.
Some great commentary this A.M. based on some solidity to our position and SP.
• Star wow the avians have finally attained their rightful place Percy 1 – luv it!
• Second STRIKE Robin 2 as we will be “Robbin” the naysayers.
• Bryn – Araldite totally still in place and by the way it did deal @2.8p - whilst not 3p as predicted was not a million……… I’ll take 25% any week. X
• In all seriousness we are now “GO.” If folks don’t get that then retire from dealing.
Now— a funny thing happened to me last night:
Thought I heard an invader trying to scramble over the fence in my garden.
Ran out (maybe slight exaggeration) with said defensive bludgeon.
Tripped over a paving stone (possibly something to do with a bottle of wine.)
Landed in a flower trough -which I now have to clean up as soil is everywhere.
Only to look up @ Sammy the squirrel looking down on me with a distinct
“Are you flipping sure look on his face.”
I was there prone, for ages cos couldn’t get up for laughing.
Have a great weekend folks – good times are coming.
GL
IK
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More @ 17.10hrs - butit was there - Moby is biting.
Gl
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Told
Thank you very much.
GL
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AIM
GL MATE
IK
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CoMan
Thank you.
About as good an input as we have had for many a month!
My sphericals are somewhat relaxed - whilst all disclaimers are recognized..
Thank you again.
GL
IK
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CoMan.
P.S.
Just so I put my spherical bits on the line:
I believe financials will be divulged in the next 6 weeks.
GL
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CoMan
You obviously know what you are talking about.
Do you have any sense of timing for Las Palmas departure and eventual Spud?
Yep I know that is $64000?
But - gut feel?
GL
IK
Xx
Coman
Thank you.
appreciate your work.
GL
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CoMan
Thanks for the insight - very useful from a Pro.
One thing from a non Pro I would add is that The World has been in “Lockdown” for 6 fmonths and things aint been normal.
Lest we forget!
I hasten to add that is in no way a criticism of your comments - just an add on to some of the other non - pros I.e. derampers here.
GL
IK
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Sorry
Mark and Loz.
Damn spellcheck.
X