Member Info for nicktheglobe

Remember this is the company who abandoned the Falklands to Navitas who are now apparently going ahead with development there. I've not believed in HBR since.

But Wall Street was still open and all the indices rose 1-2% in afternoon trading in the US.

Interactive Investor opened the retail subscription last night and it seems to be closed already so assume the tiny amount on offer is already fully subscribed.

Interesting patten of trade yesterday. Trending down until lunchtime, then strong bounce and RCKHF in US was up 20% by close. South America, including Falklands, is 3 hours behind London. RCKHF is a very thin market, but does suggest a little US interest.

The volume on the downside is ĺow, does not support pump and dump theory. Any sharp rise tends to be lost by around a third, just on profit taking.

TCM, is this a masterclass for novice investors?

Https://www.telegraph.co.uk/business/2024/11/25/oil-field-falkland-islands-bigger-first-thought/

Another article in the Telegraph.

"Oil field under Falkland Islands even bigger than first thought

Estimate for recoverable resources in the Sea Lion development twice annual North Sea output

A giant oil discovery in the Falkland Islands is even bigger than originally thought, it has emerged.

An independent report into the North Falkland Basin has upgraded estimates of recoverable oil resources from 791m barrels to 917m – twice the annual output of the entire North Sea.

Rockhopper Exploration, the company planning to drill in the field, said it planned to extract 532m barrels, up from a previous estimate of 312m. Most of the remainder could be recovered under further plans."

Aim, do you honestly think that Navitas would spend so much time on the EIS if they did not see their way to execute the project? It's an enormous document: it would be gross negligence on their part to do so. People love comparing PMO to Navitas. But PMO were financially very weak after the 2014 oil-price crash while Navitas are strong financially with a major new source of revenue in Shenandoah coming on stream next year. Completing EIS is a major advance: try talking to oil companies, attempting to operate in the UK.

I would say Yes. He will legitimise oil drilling as a forward-looking activity. He will also help with Navitas' interests in the US, particularly Shenandoah in the Gulf where some activists have been causing problems with a new species of whale declared. Sentiment is all important, maybe a slow improvement. Whatever the UK is looking increasingly isolated as a net-zero nutcase.

So far in 2 massive attacks using about 10% of their missiles Iran hasn't hit anything in Israel.. Suspect the energy installations will be well protected.

I think they're pretty euphoric in Israel at the moment but the removal of that threat from Hezbollah is clearly an extra tonic for ENOG. Still some twists and turns to come but the running yield is good and a special dividend has been mooted from the sale of some assets.

÷8% in Trl Aviv this morning.

Https://www.telegraph.co.uk/world-news/2024/09/28/analysis-were-israels-hawks-right-all-along/

"For example, the Israeli navy is over the moon about Friday night’s much less publicised destruction of Hezbollah’s land-to-sea missile capability, something it has feared for years, not just as a threat to its ships, but to Israel’s offshore gas production."

"if its at all even possible"

Is this a direct quote or your own addition?

It's grammatically incorrect.

Shenandoah is key. Once Navitas have FCF from that in q2 2025 funding will be much easier.

"Within 4 months Argos had gone private with shareholders holding worthless share certificates."

Not strictly true. Argos are in liquidation, holding shares in JHI, which bought out their licence. Mind you, when the Argos shareholders will see any of those JHI shares is a question I would like answered. JHI is indeed a private company.

It's not quite as simple as that:

"British courts can say that any legislation that Parliament passes is inconsistent with the ECHR. It can issue a declaration of incompatibility. Parliament has the capacity to fast-track changes to that legislation, but if Parliament wishes to carry on in wilful denial of this declaration of incompatibility, it can."

We could argue to the ECHR that our property rights are being trampled.

Glencore are part-funding the Tech coal purchase out of profits this year so the dividend is lower for this year.

The shares of oil producers world-wide, particularly the smaller ones, are very depressed, driven by what is perceived as a long-term extinction of the industry. Ideology also plays a part with many investors refusing to engage because of the perceived toxic-nature of the industry. Ideology seems to particularly afflict the UK.

Things though may be starting to change. The net zero scam, in market terms, is faltering badly. EVs are not taking off and related metal prices are plunging with Lithium down 70% and Nickel down 26% over the past year with Copper recently plunging 25%. The cost of 're-plumbing' the power network is seen as prohibitive by many people. Wind-farm viability in deep waters is being questioned. Orsted's share price is under 50% of recent values and Siemens has made massive losses on windmills. Solar is hardly viable in areas with dark, cold winters.

The slide in the new green industries has not yet been reflected in a re-rating of the oil and gas industries. That may take a while but the prospect of o&g consumption worldwide increasing for many years is going to lead to a re-rating in due course. This is essential for capital to be raised to keep the industry going.

"The models they have for predicting the future temps are also not correct, when they apply them to older periods in time when we know the Co2, temp and what then the future temps were etc, they are failing to predict, which means there is NOT full understanding. That is a problem."

This is very true. The models cannot explain why it was warmer than now just 8,000 years ago in the Holocene Climate Optimum when carbon dioxide levels were much lower. There are also major concerns over the way we measure temperatures with many instruments situated at places like Heathrow and other airports and massive concrete structures. The science needs to be debated more and not subject to Group-think.

The article is generative AI and a good example of how poorly constructed system can give misleading results. In one of the links the dividend is given in US$ and the earnings in £, hence the idea if you take the crude numbers that more is being paid out than is coming in.