Member Info for LONGWAIT

Thanks, DU.
It's good to know that the EIA is not expecting the world to end any time soon, even if almost everyone else does.

Yes.
We have yet to hear back from Double, but contingency plans are being made.
I'm confident that Double is sufficiently broadminded to accept all eventualities - even boxer briefs.

I think your comment is probably the strangest response I have ever received here.
I didn't say the rescuers would be investors.
As to whether they would be wearing underwear during the operation, I really have no idea, but if that kind of detail is important to you, I could make inquiries.

But people are still socialising outside, some even organising “corona parties”. The leaders of Germany’s states warned mandatory confinement would be next.

https://www.theguardian.com/world/2020/mar/20/behave-or-face-strict-coronavirus-lockdown-germans-told

Poker gatherings, whose participants are deemed to be misbehaving, could be next.
If you are mandatorily confined, Double, let us know and we'll send the special commando unit to get you out.

Worldwide crude oil prices will average $43.30 a barrel for 2020 and $55.36/b in 2021. That's according to the Short-term Energy Outlook by the U.S. Energy Information Administration.[13]

The EIA forecasts that WTI will be $38.19/b in 2020, and $50.36/b in 2021. That makes the Brent-WTI spread $5.11/b in 2020 and $5.00 in 2021.[3]

https://www.thebalance.com/oil-price-forecast-3306219

It's obvious that $50 is the minimum stable price MBS - the de facto ruler of SA - had in mind, because it had been struggling to stay above that level around the time he started talking about reducing production.

I'm sure he would prefer $60 and that would be fine if it's still around that level when JOG starts producing.

'More than half of all road traffic deaths occur among young adults ages 15-44.'

A person's sense of danger is not fully developed until about the mid-20s, which is why young men historically have gone to war with enthusiasm.
Vast numbers of lives could be saved just by raising the minimum age at which one can start driving and enforcing it.
There's no chance of that happening.
But it's possible to get people to queue outside supermarkets!

I completely agree with you, Bandito.
The Corona outbreak will also come to an end this year, probably peaking during the summer at the latest.
Most people, it seems, lack the imagination to envisage a future that is different from the present.

I suppose great minds think alike, DU.
I bought more RRE today too.
In my opinion, at 422p yesterday, it was the most absurdly-undervalued oil stock of all, having 2175p in net cash.
Someone on the RRE BB suggested that RRE wind itself up and distribute its cash to shareholders, which would have yielded anyone buying at yesterday's low an immediate 415 percent profit.
I'm also in PMO, which many have predicted will go bust.
Well, it was 19p four years ago that similar things were being said about PMO, yet it subsequently reached 146p.
HUR, as I have said, is seriously-undervalued and at 7.15p was out-of-touch-with-reality-undervalued.
Something strange has happened.
The sense of gloom about CV and MBS is unprecedented.
The British showed more spirit during the Blitz than they are showing now.

Well, DU, HUR today DOUBLED from Monday's record low (from 7.15 to 14.78) following good results.

Although JOG's recovery has thus far been much more modest, it seems the price fall was halted by an encouraging update.

If shorters thought they could make easy money by selling shares in a company that controls 140 mmboe, maybe reading that there could be another 230 mmboe might give them pause for thought, as well as anyone thinking belatedly of throwing in the towel.

Succeeded at about my sixth attempt!

I agree that it was a screaming buy at 7.5p.
I was looking at a screen with live prices at the precise moment that it bottomed at about 7.15p.
The screen was screaming at me to buy, but I thought I might as well wait for 5p.
That is what markets, aided by doomsters (not just TSDs, but the entire mass media and social media) do to you: they do their utmost to put you off buying at the bottom.
My last purchase was at just under 11p.
I'm relieved to have seen this rally and am hopeful the price has bottomed, but regretful I didn't keep buying, having started buying again at 27.6p.

I decided to buy some more this morning, at 55p.
The broker's indicative price is 55p, as on LSE, but every time I have received a firm quote, it has been 60p.

I just bought some more - double the number I usually buy, but the price had halved since I last made a purchase.

Just saw your reply, Double.
I researched casino games many years ago.
The house's advantage in roulette, courtesy of the zero, means one needs to take one's winnings (if one has any) and run.
Anyone who has read 'The Gambler ' by Dostoevsky will remember the kibitzer who advised the countess to leave with her winnings as a matter of urgency.
The addition of a double (no pun intended) zero in American roulette gives the house a massive advantage.
It was once possible to win consistently at blackjack (Vingt-et-Un à toi) by counting cards, and then betting heavily whenever a large number of cards with value of ten remained, as I'm sure you have long known.
There was an American who was famous for betting heavily as the last cards from the pack were dealt and who won handsomely, until the 'authorities' figured out how he did it and replaced one pack with four.
I did once read of an old fellow who cashed a social security check at a casino and, in spite of doubling down when there was a risk of going bust and doing all the wrong things, he won a million dollars, after an amazing run of luck, over a large number of visits.
He then ran into the resting lounge and exclaimed: 'I'm a millionaire!'
He was then treated royally by the casino staff, with every courtesy shown to him - and I'm sure some complimentary snacks and drinks - until the day the casino had won back every dime it had lost to the punter.
I am sure there are multiple lessons in this story for those unfortunates, including me, who have been doing everything 'right' and investing in absurdly- undervalued stocks on AIM.
Let's just hope our story ends differently.

It's $29.50 at

http://www.livecharts.co.uk/MarketCharts/brent.php

'If HUR was as bad as what some try to make out (TSD was a good example), then HUR would not even be in business.'

TSD is no longer in business!

WASHINGTON—The Trump administration is considering intervening in the Saudi-Russian oil-price war with a diplomatic push to get the Saudis to cut oil production and threats of sanctions on Russia aimed at stabilizing markets, according to people familiar with the matter.

https://www.wsj.com/articles/u-s-considers-intervention-in-saudi-russia-oil-standoff-11584636054

Religious services in churches and mosques have been halted in an unprecedented move, as worshippers are instead encouraged to watch live-streamed sermons.
Mass public gatherings have been banned under the latest government guidance in what has marked the biggest ever peacetime curb on civil liberties. The move has prompted Archbishops, Imams, Rabbis and Priests to call for prayers as the nation approaches lockdown in a bid to tackle the spread of the Coronavirus.
However the Church of England and the Muslim Council of Britain (MCB) have gone one step further, and have announced a national crackdown on public services.
Today the Archbishops of Canterbury and York made a rallying call to rise to what has become a “defining moment” for the Church of England, as it urged all public workshop to be put on hold. The move came just hours ...

https://www.telegraph.co.uk/news/2020/03/17/religious-services-churches-mosques-halted-worshippers-encouraged/

I may not have been around as long as you have, Double, but I'm old enough to remember a time when English was still intelligible.

Virtual imams will be giving live-streamed sermons in real time during a defining lockdown against a backdrop of the Corona crisis.

If someone from the 1960s or 1970s had been in a deep freeze and emerged now, he would hardly be able to make out what people are talking about nowadays.

He wouldn't even know what his timeline is.

It seems that if you want a reasonably up-to-date indication of the share price, you have to look at the price under the latest poster's name, rather than 'Share Price Information for Hurricane Energy.'