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Well I just booked my tickets to the Tottenham Hotspur stadium to see Spurs play against Wolves on February 13th.
Feeling confident that I shall be a little richer by then.
It's been 20 years since I have been to a Spurs game and I'm looking forward to see the new stadium.
KO @ 8.27
Thankfully KO we did not do what you suggest in 1939.
If we had "looked away" then, we would have let dictatorship rule the world.
Part of being British is we don't do that ! We punch above our weight.
Maybe we should have let Argentina take the Faulkland Islands then ?
NO, we stood up for Faukland islanders who wanted to remain British.
It won't be so easy for Russia this time. When Russia last went into Ukraine In 2014 the Ukraine army was a shambles and had only 16,000 soldiers.
Since then , with outside help it has spent large amounts of money beefing-up it's defense. It now has 120,000 troops that have modern equipment. It's weakness though is in the air. It's airforce is poor. Russia will have control of the air from the start.
Let's hope Putin the thought of Russian sanctions and the loss of lives purs him off.
Maybe no evidence of blackmail in Russian history. But we are talking now and Putin.
Isn't witholding gas supplies to Europe that can be eased with Europe agreeing to put Nordstream2 into action - blackmail ?
Isn't give me a garantee that Ukraine can never join NATO and I will remove my army from the border - blackmail ?
No Modestus, blackmail is alive in Putin's Russia. How do you think he has become so rich ?
Just a few points to add.
1) Ukraine was part of the old USSR. When the Russian Federation broke up Ukraine broke free. Putin has stated before that the "greatest tragedy in the 21st century was the break up of the old Russian Federation and the loss of all our land".
2) To those that say- Putin won't invade. He already has . He has taken Crimea and then land in East Ukraine.
3) If Putin invades he faces sanctions. One or two real nasties like being banned from the international Swift banking system. However he can switch the gas off to Europe ! Germany in particular would see suffer.
Personally I think that guys like Putin don't spend weeks building up troops, tanks and all the support they need just to steal a couple of acres.
I hope that I am wrong but I believe he wants to ensure that his name goes down in the Russian history books, like his idol Vladimir Lenin
Massive build up from Russia continues !
Biden already spoke on this and basically admitted that he believes Russia is going into Ukraine. Looks to me like it will happen very soon. What will it do to oil prices ?
Very sad when politics costs human lives ! Lets hope Putin is bluffing !
Well Said Strike123.
Sadly some, like me, have a higher buy-in price than the current SP.
Most of us LTH's believe in our choice of investment with Enquest. It's just our timing that was wrong. We were too early.
In theory if you have picked a winner then it will eventually win. Which is fine.
However human beings have varying amounts of patience. This can be driven by emotions or financial needs. Once the patience is gone, you get bitterness and anger. Hence the odd bitter and negative posts on here by ex holders/holders.
My father taught me that " A big man owns his decisions".
You are right onedb.
who's right ?
And on the other hand you have those that are doing the "Hokey Cokey Dance". BTFATH1 is In , Chilting is out - in out, in out and I guess they are both shaking it all about ! Hence they are telling us all their moves.
Who cares though ? I am a LTH and I stick by my target price. I wait for my party !
Those that want to dance before the 60p party should go get lessons first, because from what I see is - a lot of hot air and no evidence of dancing !
For the future keep your dancing private.
Hi E121 ,
Thanks for filling in some of the missing detail from my post earlier today.
As for $200 oil. I guess we need some articles like that so that $100-$120 oil looks like just a "walk in the park".
Everything crossed in the belief that 2022 is our year. POO looks like it's going to help us for once. Just need Enquest to confirm production of 50-56k bpd for 2022. With fcf targets of 600-700m.
Shame that so many party's in Downing Street and we just want One party for 60p.
Now that we are in 2022 and the US shale companies will be spending their 2022 budgets.
It will be interesting to see over the coming weeks/months how much of this cash has been allocated to spend on new rigs !
I shall be watching the US rig count with interest over the coming months to get an answer to this question. Next rig count out at 6pm this evening.
I mention this because I have read reports in the press about US production adding around 1m bpd this year. For US production to increase by that amount then the rig count needs to increase by a large number , over the current level of 588.
I just don't see that happening. I guess Jeff Currie and Fransisco Blanch possibly agree with me. Hence their $100+ forecasts for the price of oil.
The Force Is With Us.
JAN
If anything they need to "right back" the impairments they made in 2020 due to very low oil prices.
In addition, the reserves "in the ground" are worth much more now.
Romaron made the same point in his post and he is right.
Personally in the future, I can see "right backs" ( impairment reversals ) rather than more impairments.
The opposite of what squif was suggesting. Sorry I mean Slift. Or is it Squif the old fellow ?
I am with Fransico Blanch, head of global commodities at Bank of America.
$100 by begining of Qtr2 2022. ( yes that's BY early April) And he forecasts $120 oil by begining of summer.
Looking at the number of holiday bookings going through the travel industry at present and the market fundermentals.
I think he is going to be right !
Hold on to your hats, we're going places !