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As gas plumbs the depths of umpteen year lows in America and is now getting close to the EPL rate of 54p per therm, I do wonder if the Industry remonstrates over the EPL figures of 54p/therm and $71.4 per barrel of oil, with that they should be index linked from 2022.
Surely if my old age pension goes up 10% and 8%, any government should have a mechanism that doesn't damage industry unjustly.
To be fair the weasels have been very clever, slapping this penury on oil & gas companies, who's product is priced on the international market, is a win win. These companies (Serica) have seen the cost of supply increase to over $20.per barrel now due to inflationary measures, but are unable to pass the cost onto joe public.
The likes of BAE, Rolls Royce and even the Retail Gas Market suppliers (British Gas) have had bumper windfalls but good old Government cannot touch them as the costs would be past on to joe public.
Rant over - about time the Industry gets government (in or out) over a barrel
Would like to think that now is the time Allinadayswork, to accumulate. Have a rather large holding in Odyessean IT myself so it ticked the box with FSJ, as they have been quite adept at picking winners, painful as it was to see XPP crash yesterday.
I wonder when FSJ will get round to offloading or hiving off Divex and the Hyperbaric Centre in Aberdeen.
May well add more next week - pity my ISA is maxed for this year.
Yep it was a long time for the reversal at 4p Deeko. Have a small holding here and tempting to add, especially as outwith the UK .
Serica looking for a new CEO and oversea's holdings (hopefully) so you never know. Maybe the long term Institutional Investors won't wait for 10 years like FPM before capitulating - again who knows.
We seem to be back into a cycle of concentrating on MC at the expense of SP again, and its not only Longboat. GLA
Things must be tougher than even I thought, with the Foundation selling shares yesterday, due to dividend cessation. Both Odessyean and FIL have bought large tranches recently, with OIT being particularily adept at picking companies with medium term prospects with a condensed portfolio.
Tick in the box for me.
I must have similar thoughts to Mary here having doubled up at 251p. Been a while since initial purchase at 855p in 2021 but added around this area at opportune momentys.
Have a soft spot for James Fishers due to the Charitable Foundation doing a lot for peops in Barrow in Furness - it certainly needs it, as the towncentre is a ghetto and peops that can move, are heading out to Ulverston to live.
You could be fooled by the 3 Vessels moored up in the docks, strangely in James Fisher colours, that have not moved for decades - PNTL vessels Egret,Heron,Grebe that were destined for Nuclear Fuel transportation.
Lets hop the falling knife is scarbarded !!
Always have a tissue at hand SoB.
Would be happy for Tom Cross to be the new CEO of Serica if they cannae get Andrew Austin (Kistos), but he would have to put on his Dana pants!!!
No slight intended, truly hope for a win on Skerryvore
Even when Faroes Petroleum dumped Perth/Lowlander sour oil, Parkmead kept ploughing ahead until realisation set in. Now we have a huff and puff adventure to keep TC and his lifestyle company playing.
Surely their are no LTH left here and its a playground for speculators and traders.
No longer a shareholder here as basiled in the 50's but Skerryvore holds my interest due to Serica - but expect it will be pushed back to 2025 by Parkmead. Here's hoping it still spuds in 2024 Q4.
Missed last nights chat re Mr Flegg and his never purchasing any shares Newk, Flexmw. It incensed me over the years that he invested nothing in a company that he returned to after the Circle debacle.
His LTIP award of 411,067 shares for the BKR deal smarted - I wonder what he did to assist ACW.
Yesterdays share purchases by Directors brought a little smile to my face, with the predictability but welcome all the same. I thought about adding a few but stuck to my mantra of no more - seems to be the rationale of all of us LTH.
GLA
Reverse takeover in disguise Dick.
I sometimes ruminate on how Mr & Mrs Hardy feel with regard to the sp. For a couple running a successful business in the Midlands I ponder whether they bought their shares with company money and felt that dividends paid to themselves (tax free as Serica had already paid) went straight onto the bottom line of their company. I wonder how they feel now after dilution and the fall in the sp.
Still have a large holding here but glad I siphoned off at the highs 20%. Dividend held would seem correct, otherwise their CFO will find a wall of selling.
No mention of Rhum production rate in the Ops Review - deafening silence. Mention of extended shut in but Bruce showing an increase from 5558 to 6487 boed, whilst Rhum showing 14581 to 12490 boed. 14% decline rate.
Bottom of forecasted at 40,000 - hmm.
Rather than a SERICA in the making, I would suggest it is a direct comparison to Faroes Petroleum, where a number of management came from. They increased the MC fourfold, but share price increase was abysmal over the 10 year period I held 100,000. Initial offer at 100p, went to 50p, recovered and touched over 200p, fell again then sold to DNO finally for 160p.
Another comparison would be Parkmead, being a "lifestyle" company for folks who have made their money to play.
Serica painful at moment, but its not on its own with such negativity in this country re oil/gas - but just perhaps its time will come - needless to say I am a LTH holder in Serica from 60p down to 4p and up to 443p - and now languishing at the 200p mark.
Been waiting for this, he was on borrowed time and it shows the puppet master in charge(M). Been pondering a tie up with Kistos - I just wonder if Mr Austin is interested - or whether M control is to much to take.