Member Info for Love_You

I told you months ago, pay me $300,000 and I will work for everyone invested here in the equity for six months.

Instead you choose to back to current management who have presided over a declining share price for the past seven years.

$300,000 is peanuts for six months of my time considering I will be targetting selling this company for £2.75 per share within that timeframe.

Hi - if I'm 65 years old and I have £250,000 in my pension pot then approximately how much annuity could I receive per year? (If I utilise the full amount, £250,000).

Hi - if I'm 65 years old and I have £250,000 in my pension pot then approximately how much annuity could I receive per year? (Assuming I utilise the full amount, £250,000).

Hi - if I'm 65 years old and I have £250,000 in my pension pot then approximately how much annuity could I receive per year? (Assuming I draw the annuity from the full amount, £250,000).

Hi - if I'm 65 years old and I have £250,000 in my pension pot then approximately how much annuity could I receive per year (that's assuming I draw the annuity from the full amount (£250,000)?

It's hard to believe in any oil company as a viable company if the UK government is going to allow major car factories to be closed down over the next few years

https://www.bbc.co.uk/news/uk-wales-48533790

It's hard to believe in Enquest as a viable company if the UK government is going to allow major car factories to be closed down over the next few years

https://www.bbc.co.uk/news/uk-wales-48533790

Why would you do anything Krakenoil. Why did the directors of Afren commit fraud and end up wiping out all equity value? Why did Deutsche Bank employee people on stupidly high salaries and end up with 90% destruction of equity value since 2007?

Why does anyone do anything? That should be the question. If you answer that question you will probably discover the reason why shale companies don't care about debt or shareholders but only about growing their production.

Here are two ideas for Woodford - a good rump of people want to travel - therefore he should invest in new airports and car factories.

Perhaps he could start by buying this off Ford - https://www.bbc.co.uk/news/uk-wales-48533790

Right - time to chill now - what a way to waste most of a day on here.

So Woodford the hero is now no longer a hero - sad but I guess it is a fact unless he becomes a hero again in a few years time.

https://www.bbc.co.uk/news/business-48532529

To be honest I am sad for anyone who lost money by investing in his fund. However, am I sad for Woodford - not overly as he is partly responsible for the current state of the UK economy (which has been influenced by his fund's past investment decisions) - and personally I think the UK economy is far too based around the centre of cities. I'd prefer to see more businesses/restaurants in the suburbs, villages having more investment/more shops, and the countryside could do with some investment also. So in short I believe Woodford is partly responsible for a concentration of wealth within small enclaves - whilst villages have become worse than many places in the third-world - no shops, no post office, no bank, nothing to do - maybe a corner shop and a pub if you're lucky - that is not an economic achievement to be proud of in my view.

https://www.bbc.co.uk/news/business-48532529

Then again whatever I type on here has no influence on either the economy or the markets - so I wonder why I bother. That would be a good question for Woodford to ask me if he wanted to make me think about human behaviour. But am I even representative of many people within society - probably not - I've gone far further into academia/education than most people bother to and I've always questioned the wisdom of drinking too much beer because of the high calories content in many varieties - another reason for Crowfart to be upset with me I guess. Not that I'm against a pint, a glass of wine, or a shot on the rocks - actually maybe I am typical of my generation in that the result of being over-educated is a little more sophistication at the expense of being a bit poorer (due to high rents and tuition fees of £9,000 per year).

Anyway, my new view of the world is that history rolls on pretty-much regardless of whether it is in the interests of the majority (even in a democracy).

For example I assume all the car plant closures (Ford at Bridgend and Honda in Swindon) are to do with the government banning petrol/diesel cars from 2040 - people say Brexit but I don't see how it can really be to do with Brexit. There are 65 million citizens in the UK - the UK car market is easily large enough to buy all the Honda's and Ford's which are produced domestically - hence the reason for closing the factories can't be that these cars wouldn't be sold - it must be that the selling price achieved in the UK is less attractive than in Europe - and a lot of the reason for that lies in the Bank of England's policies. If they actually found ways to encourage a flatter (less pyramidal) distribution of wealth in the UK then enough people would have to money to afford Hondas/Fords and ergo there would be enough domestic demand to keep these factories open. Ultimately the decision to close them is political, not financial - as if the government wanted they could always instruct the Bank-of-England to encourage UK banks to lend more to small businesses and ergo the UK economy would become less pyramidal and the distribution of wealth would become flatter as well as there being an average increase in the level of household wealth - ergo more families could afford to buy Hondas and Fords.

I think investing is about how we reason about the future (based largely on the past as what other info do we have?)

Anyway, I'm struck by how the current situation seems to be repating 2008 in one or two aspects (admittedly there were lot more aspects to the crash of 2008). However, it seems to be the similarity in that everyone is only worrying about themselves and hence most businesses are looking to lay-off staff and find ways of paying them less. However, if all businesses do this then they will all suffer a simultaneous revenue decline which will be magnified by the multiplier effect. Hence they will all seek to cut costs even more and lay-off more employees. Ergo the following year they will find that revenues are far lower than expected for a second successive year.

Basically it's very easy to enter a negative eocnomic spiral - especially when so much of the indudtrial base has been closed down in the UK. There are more-and-more people only earning the minimum wage. Hence when a downturn hits who has £30,000 or £40,000 in the bank anymore to actually put down a 20% desposit on a house and truly support the market on a fundamental basis. Who actually has £50,000 or £60,000 to leverage fourfold so they can afford to buy-out a business from someone else for the book value of £250,000?

Errm Crowfart … I'm entitled to my opinions...we live in a democracy with free speech. However, please don't
mispresent what I have said - thank you kindly. And don't be jealous of other people having the energy to shell their own peas if they so prefer to have fresh rather than frozen. Same for fish - plenty in the rivers and reservoirs for the people who go out and catch them in the morning and cook them for lunch!

I still think if anyone here is more than a private investors - if you have any influence with Lloyds or the government then shouldn't we all be ashamed that UK society has failed to provide better opportunities for so many millions of people?

https://unherd.com/2019/06/the-town-that-should-shame-our-politicians/?xtor=ES-208-[23275_NEWS_NLB_ACT_Wk23_Thursday_6_June]-20190606-[bbcnews_lowestoft_unherd_lowestoft

https://unherd.com/2019/06/the-town-that-should-shame-our-politicians/?xtor=ES-208-[23275_NEWS_NLB_ACT_Wk23_Thursday_6_June]-20190606-[bbcnews_lowestoft_unherd_lowestoft

Surely the job of any board of directors is to reach out across their entire industry and try and get the best valuation for the equity - otherwise they are being negligent of shareholder's interests/rights.

Hence I find it pathetic that the Board of Directors admitted that it wasn't reaching out across the entire industry in order to promote Borders & Southern from 2011 onwards.

"We have retained a leading independent investment bank which specialises in oil and gas asset transactions. The
bank has reached out across the industry more widely than we have previously attempted."

So the BOD have just admitted that they never attempted to reach out across the whole industry to ensure the best valuation for equity holders here. Sounds almost like they have admitted to a sackable offence. What do other people think?

I only wish Enquest to proper.

However, what's the point of Enquest pissing about trying to increase production by a few thousand barrels per day off old assets when they could be using their employees and expertise to help develop a whole new basin in the Falklands for example? Why not put an offer in for Borders & Southern petroleum. $250 million dollars might be accepted by the sharheolders at Borders & Southern - very good deal for Enquest also as there might be 5 billion barrels in that acreage given Borders & Southern have proved the existence of light oil - they just need to organise the drilling of all the analogous prospects in their license - many of which have billion barrel potential.

I just can't understand the Director's decision making at Enquest.

Surely it was better to cancel Alma/Galia after Johan Sverdrup was discovered and to get involved with the development of Johan Sverdrup?

I just think Alma/Galia was a waste of resources - better off exploring to find more field like Johan Sverdrup. What's the point in developing 30 million barrels when it's very likely there are still loads of 3,000 million barrel fields to be found - perhaps in the North Sea - perhaps West of Shetland - perhaps in the Middle East.

However, I've always said the oil industry is about economies of scale. The value to shareholders will lie in only proceeding with those developments which are big enough to easily cover all costs and then still leave 90% of the oil available to be sold as pure profit.

I think Enquest have been getting involved in too many marginal projects instead of getting involved with decent sized development opportunities such as SeaLion in the Falklands - 1 billion barrels likely in the great SeaLion area and more oil to the South in Borders&Southern's acreage - these could be giant sized fields/new oil province.

What's the point of Enquest pissing about trying to increase production by a few thousand barrels per day when they could be developing a whole new basin in the Falklands for example?

Just give people the money the market owes them - allow share prices to go up and people with faith in the market economy to prosper. Lloyds should be £1.50 per share now - £100 Billion market capitalisation would be perfectly reasonable for the UK's largest bank according to mortgages owned.

There is plenty of oil currently available to run a booming economy - the biggest risk is recession and too many companies going bankrupt on the UK markets - if we need the Bank of England to set their interest rate to minus 5% then just do it - anything to stop businesses just closing down everywhere.

The John Sverdrup fields will come on line this year in the North Sea and produce 440,000 barrels per day. 40 year lifespan so no shortage of oil from the North Sea until 2060 at the earliest.

https://en.wikipedia.org/wiki/Johan_Sverdrup_oil_field - See Wikipedia for info about the giant Johan Sverdrup fields that will come into production this year and are the largest producing fields ever found in the North Sea - and there may be more like them as these fields opened up a whole new play - a basement geology oil fairway.

In March 2012, after a signing of a pre-unit agreement between the different licensees, Statoil was appointed working operator. Production startup is expected in 2019.[4] Peak production is estimated to be over 500,000 barrels per day (79,000 m3/d), which will make it by far the largest producing oil field in the North Sea by the time it reaches its peak. The oil produced at the field will be transported by pipelines to the Mongstad refinery where it will be shipped and refined.
The first stage of development Phase 1 will consist of four-platform field hub producing 440,000 barrels per day after startup in late 2019.

Just give people the money the market owes them - allow share prices to go up and people with faith in the market economy to prosper.

There is plenty of oil currently available to run a booming economy - the biggest risk is recession and too many companies going bankrupt on the UK markets - if we need the Bank of England to set their interest rate to minus 5% then just do it - anything to stop businesses just closing down everywhere.

Will come on line this year in the North Sea and produce 440,000 barrels per day. 40 year life.

Why would the market care about Enquest when it only produces 66,000 barrels per day. Also it has some terrible assets like Galia/Alma which produce less than 10,000 barrels per day.

In March 2012, after a signing of a pre-unit agreement between the different licensees, Statoil was appointed working operator. Production startup is expected in 2019.[4] Peak production is estimated to be over 500,000 barrels per day (79,000 m3/d), which will make it by far the largest producing oil field in the North Sea by the time it reaches its peak. The oil produced at the field will be transported by pipelines to the Mongstad refinery where it will be shipped and refined.
The first stage of development Phase 1 will consist of four-platform field hub producing 440,000 barrels per day after startup in late 2019.

https://en.wikipedia.org/wiki/Johan_Sverdrup_oil_field

Will come on line this year in the North Sea and produce 440,000 barrels per day. 40 year life.

Why would the market care about Enquest when it only produces 66,000 barrels per day. Also it has some terrible assets like Galia/Alma which produce less than 10,000 barrels per day.

In March 2012, after a signing of a pre-unit agreement between the different licensees, Statoil was appointed working operator. Production startup is expected in 2019.[4] Peak production is estimated to be over 500,000 barrels per day (79,000 m3/d), which will make it by far the largest producing oil field in the North Sea by the time it reaches its peak. The oil produced at the field will be transported by pipelines to the Mongstad refinery where it will be shipped and refined.
The first stage of development Phase 1 will consist of four-platform field hub producing 440,000 barrels per day after startup in late 2019.

https://en.wikipedia.org/wiki/Johan_Sverdrup_oil_field

https://uk.finance.yahoo.com/news/deloitte-chairman-nick-owen-on-building-inclusive-teams-inclusive-capitalism-and-inclusive-society-230100110.html

I think all the focus on diversity, equality etc is slightly missing the point. What benefits people is cooperation. If I were to be a leader I would keep emphasising the need for everyone to find win-win. Cooperation is King.

The share price here has been declining for ages - is it a sign that RBS doesn't realise how important Cooperation is to growing people's wealth? If they just found a few win-wins amongst their business clients surely the share price here could treble or quadruple given that there must be enormous value in many assets such as all the oil in the North Sea - admittedly lots of this oil is in Norweigen waters - however whoever drew the boundary originally may have made a mistake. Could we not check whether perhaps the Johan Sverdrup fields would actually be in UK waters if there was a previous mistake in the international boundary which surely (if these was such a mistake) could now be corrected. Surely the UK with 62 million citizens needs the oil from Johan Sverdrup far more than Norway needs this oil - as Norway only have 5.5 million citizens and they're all twice as rich as UK citizens already.

https://en.wikipedia.org/wiki/Johan_Sverdrup_oil_field

Anyway - the Norweigen government has banned the sale of all petrol/diesel cars from 2025 - so they aren't going to need this oil. Hence they shouldn't really mind too much the UK taking over the rights - after all oil is evil in their minds - hence they would be glad I'm sure for the UK to take this evil stuff off their hands?