Member Info for Jim800

From the RNS: The net proceeds from the senior secured notes will be used for repayment of existing debt and for general corporate purposes. The new class of debt provides increased liquidity, which currently stands at approximately $440 million inclusive of the proceeds of the note offering, is leverage-neutral, and will enhance cash flow, allowing flexibility for continued investment in high rate of return opportunities.

No need for maths - it’s just to increase liquidity. Might be used for BBs (not yet planned so no detailed maths), might not.

They didn’t know at the time, you don’t know hence opinion not fact! You’re welcome.

Terry - try to listen if you ask questions.

The 300 loan you’re obsessed with was in March - fact!

The BBs you try to link to it were in July - fact!

Are you suggesting they knew in March how many BBs they were going to do in July (and volumes / prices) and borrowed accordingly? Maybe but I doubt it.

Just because the money is in one company doesn’t mean it is all pooled - I ran a consulting company and had 6 different accounts!

For all you know the loan was for a specific acquisition that never worked out and is still sat there for the next one, with BBs coming from cashflow - wait for the results then we’ll know instead of you guessing and misrepresenting it as a fact! (Again).

Yep DEC has fared worse than some other O&G companies - haven’t looked carefully but it’s also not done as badly as others (anyone in KRG in last 2 years). It’s high levels of debt, dilution, opaque finances, environmental concerns and cashflow that caused the lack of confidence - not merely acquisitions! The correlation isn’t as clear as you repeatedly purport if you track SP against RNS.

Still, you crack on with your doom and gloom if it makes you happy - just try to stick to facts for the other readers - except for Eeyore who can’t stop salivating at any negativity re DEC - it’s up again today, must make it almost 10% since he sold out 😀

A quick internet search can’t find anything - but it does bring up that in Dec 2018 Wood were rumoured to be considering buying TechnipFMC!

How things change 😀

Last time for the hard of understanding!

The SP fell as acquisitions continued that is a fact. There is not a direct correlation between individual acquisitions and SP falls the following morning every time. As you’ve been repeatedly told, other world events also played a role: Ukraine, interest rates, HH prices, ESG policies, fear of ARO costs, shorting etc etc. Your insistence on a direct correlation in isolation from the rest of the macro is just infantile.

An example for the BBs. I had a mortgage for 20 years. During that time I purchased numerous cars - that didn’t mean I bought the cars with the mortgage!

I’ll leave you to your delusions now until next your next erroneous comment or opinion misrepresented as fact.

Try being cheerful - it’ll make you feel better 😀😀

Don’t think it’s lack of faith or worry - my point was why worry about the falls based on nothing new if there’s no apparent reason for the rises either.

You’re right it’s sentiment but I can’t really see anything to drive sentiment up or down over the last week but we had moves in both directions. 😀

It is a fact and you could have sold at time from £1.40 pre consolidation until you reached break even - you chose not to fact!

Getting you to understand the difference between your opinion and facts is not an insult - it’s a clarification for less well informed readers.

That those BBs were funded by the $300mn loan was your opinion! You might be right but you can’t prove it so it’s not a fact.

Yep DEC are down and have performed much worse than other O&G companies - fact.

But that they’ve got everything wrong and their strategy is doomed is just your opinion.

That all SP falls are due to acquisitions is your opinion not a fact. There are other factors at play as many have told you repeatedly.

It really isn’t that difficult.

No tangents involved just different opinions where facts are absent.

Not attacking you Terry just correcting when you misrepresent your opinions as facts 😀.

Up to £11.60 in the UK and $15.60 in the US - and HH up as well. What will the chuckle brothers find to be miserable about now?

That was clearly about Eeyore - get over yourself.

Is it fair to complain about unexpected volatility in a downward direction when you were quite happy about it in a positive direction? 😀

I doubt any of the IOCs will be ramping up production until there are some favourable contracts in place and KRG and SOMO agree on anything.

I’d be saying I need the back dated monies owing to pay for increased production if I were in APIKUR.

Certainty and up front payment for local sales still looking preferable to anything else available at present until exporting contracts signed.

Eviking - agree but the filter is useful for removing such Eeyore negative nonsense.

Why he'd keep posting when he has sold up is totally beyond me - nothing else in his life perhaps now that Christopher Robin has gone away on his hols. Perhaps it's just an online obsession with Terry - can't see any other reason and no-one else has ever agreed with him. Perhaps if Terry filters him as well we'd all get a break - seems to have worked with GG, Rrb and the other numpties who spend all day banging on about a share they don't own.

Terry - yep I’d agree BBs held up share price several times over the last few months with the various BB levels being set at values up to $14.35 - anything beyond that and since last BB are due to something else - returning confidence perhaps or maybe an H1 leak as you suggest.

Eeyore still moaning I assume, as he realises he’s lost a potential further 4% today - loser!

Broomtree - yep, US closed at $15.40, last BB was at $14.35 so again Terry slightly awry saying it’s BBs holding it up 😀.

Uk also closed up significantly - so it’s not the US dragging it down 😀.

Doesn’t seem to be range limited at $15 after all - another wrong call 😀.

And all whilst DEC’s major resource is down at $3 ish rather than the recent $4 - roughly a 25% drop for those of us who deal in facts 😀.

Share price up today, up over a week , up over a month and up over 20% in 3 months.

Yet from the green boxes it looks like Eeyore still living under a grey cloud - bet he’s glad he sold up when he did 😀😀😀

Lots of reasons to be cheerful heading towards 11Aug results.

Terry, once again your delusion shines through. I haven’t gone through your old posts, it’s just that you sometimes make such stupid claims they’re impossible to forget 😀.

You’re getting like old Eeyore now, trying to rewrite the definition of words to justify your stupid comments.

If you’re compelled to reply then please stick to facts, the correct definition of words and try to avoid repetition. 😀😀😀😀😀

You have said “wilfully trashed” on numerous occasions - a claim so ludicrous that Oakbloke actually wrote an article on how deluded you were / are 😀.

You continually make it sound like a deliberate action rather than a market reflection of perceived value.

Nope I don’t think he’s done it on purpose: as mentioned previously I think he thinks he’s doing the best actions for the long term by buying assets whilst they’re relatively cheap. I fully accept in some cases there seem to be better ways to fund these activities - but we haven’t got all the information, he has.

I note DEC haven’t called you up to be CEO so perhaps your opinions not as valid as you think 😀

You haven’t just used facts - I’m no longer sure you’d recognise one of it was in front of you.

The repetitions are just your default negatives: no thought, nothing new just repeat, yawn, repeat! No value added.

Enjoy all your buying and trading for peanuts around $14.35 - sometimes buying low and holding might (see I’m not dressing my opinion up as fact, you may wish to try it sometime) be more profitable, looks like over $15 today 😀

I’d probably use a non-emotional phrase like shareprice has decreased by X% - your insistence that Rusty has done this on purpose is stark raving lunacy.

I might also get over the past in a non-emotional way and focus on the current trend (that’s up if you’re too blinkered to notice).

I have t denied any facts - I’ve questioned your subjective opinions, which are influenced by your previous choices.

There’s no argument to lose - I think things are likely to get better after a few bad years whilst they accrued assets (albeit with some expensive loans and dilution). Time will tell who is more correct.

Quit the overly emotional subjectivity and you’ll be taken a bit more seriously - though possibly not by Eeyore.

Oops typo - HH at 3.2 (2.3 would be bad).

Up at £11.15 despite HH falling to 2.3 - surely that must cheer you up a bit? Or is it just disproving your negative view so not worth a mention?

F me you’re a numpty! Read the RNS it’s not a loan it’s secured notes for 4 years so that part of debt can’t be repaid - though other debts could be.

Saying everyone who disagrees with you is supporting their local football team was stupid the first time you said it - utterly pointless the 23rd time.

You’re obviously the one too emotionally involved as evidenced by your continued repetition of stupid phrases such as “trashing the share price.”

You’re living miserably in the past, I’m saying the future might be better (not definitely will be, but probably will be based on my interpretation of the facts).

You’re continually offering opinions dressed as facts, I’m offering opinions - that’s a key difference!

If you’re happy being miserable please crack on - but you don’t have to spread it about. If Eeyore tops himself you’re partly responsible!

Repeat, yawn, repeat, yawn!

Saying the same thing over and over doesn’t make it correct, it just makes you look obsessed.

Just because Eeyore chimes in every time you post (despite selling up) it still doesn’t make you correct.

Perhaps you should both be ringing the Samaritans - hate to think how miserable you’ll be come Winter. 😀