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I can now buy back the ones I recently sold at a lower price - so a bit of cash made, but I will wait a bit longer.
Yet more evidence to back up the opinion I expressed about new gas exploration licences -
Sunak wants renewables not gas or oil -
"Rishi Sunak 'poised to drop effective ban on new onshore wind farms' as Tories squabble over planning rules and Net Zero drive"
https://www.dailymail.co.uk/news/article-12479019/Rishi-Sunak-poised-drop-effective-ban-new-onshore-wind-farms-Tories-squabble-planning-rules-Net-Zero-drive.html
Note - evidence, but not proof. As I always say, I might be proved wrong. I am not a bigot like many on here.
Will we soon see similar protests against DELT's Pensacola field?
"Eco-protesters light flares on Westminster Bridge demanding a stop to Rosebank oil field"
https://www.dailymail.co.uk/news/article-12477751/Eco-protesters-light-flares-Westminster-Bridge-demanding-stop-Rosebank-oil-field.html
The campaign against new licences is just beginning. Who remembers Brent Spar? Greenpeace got what they wanted with Shell's Brent Spar.
See my post yesterday, 3rd Sept, at 16:22 about the sp - "Let's have some realism about the DELT sp."
I said "This week will be interesting." See the sp today. Fasten your seatbelts, there is more to come.
Do you mean last September's results?
https://falanxcyber.com/interim-results-for-the-six-months-ended-30-september-2022/
This year's aren't out yet, there is no RNS.
Thank you Laura
Please provide the source of your data. Are they forecasts?
LSE Admin- please see all the posts on 2nd Sept by DrPatience, getafgrip, No.2, SouthEat18 and Gastapeep -
insulting and abusive - nothing to do with DELT. That is what I have to put up with. They never stop.
Let's have some realism about the DELT sp.
Selene is too far away into the future to lift the share price, so I need not say any more about Selene.
Will an announcement about winning new licences lift the sp?
As you know I have expressed my opinion that there is a chance that Sunak will backtrack and there will be no new licences. I base that opinion on the powerful green lobby being very infuential and on Sunak's track record of broken promises.
However, it is just an opinion. I might be wrong and I have always said that I could be wrong, see my posts.
So, let's assume that DELT wins new licences. I expect there will be the usual spike that we get whenever there is news, then, in the following days, it will slowly fizzle out.
Don't forget that DELT announced that they have discovered the biggest gas field discovered in the North Sea in the last ten years - and the sp has gone down.
If the biggest gas field can't lift the sp, then new licences, which are good for the longer term not the short term, won't do much good.
The only hope we've got is the monetisation of Pensacola, but see my post earlier today- "Oil production has slumped to a record low as the UK industry’s future hangs in the balance."
I'm going to assume that the sentiments affecting NS oil are also affecting NS gas - so does anyone want Pensacola?
I have tried to present a fair-minded view of the prospects. Don't forget folks, I am still a holder of DELT. I recently sold some because I believe the sp is going lower, but I kept some in case they do manage to monetise Pensacola.
I am a shareholder and I want to sp to go up, but just because want it doesn't mean it will happen. I believe the odds are on it going down.
This week will be interesting.
LSE Admin- please see all the posts on 2nd Sept by DrPatience, getafgrip and No.2 -
insulting and abusive - nothing to do with DELT. That is what i have to put up with. They never stop.
Just look at all those posts (count them) having a go at me from the gang, a gang of bullies employing a standard tactic used by bigots. The tactic is - when the facts prove you wrong and you've lost the debate, then get personal - attack your adversary with claims that he is insane and other false accusations.
Also not their double standards and hypocrisy - they that I am ruining the board with lots of off-topic posts - well count theirs with all that guff about Tourettes, narcissism and other accusations that have nothing to do with DELT, nor are they on generally related topic such as the oil and gas industry or the opposition we face from the climate change movement \ green lobby.
I need to point out why they are dong it. I proved them wrong on every count - I used evidence, not insults and abuse. For example, I made a comment (backed up by evidence from a UK government web site) that No.2 didn't like. So No.2 tried to discredit me by accusing me of being fooled by a fake news web site, tricked into following a fake link. I posted the link to show that it was a genuine UK gov't web site, it had a .gov.uk web address. So because I defeated them with facts and truth, they had nothing left but mockery, insults and abuse. That's all they've got.
What did I say was the NSTA's mission - to put an end to oil and gas production in the North Sea. Yet again news comes out to back me up in my views.
"British oil production sinks to record low as industry warns public 'will not forgive another Conservative Government that turns its back on North Sea workforce"
"Oil production has slumped to a record low as the UK industry’s future hangs in the balance."
https://www.dailymail.co.uk/news/article-12474707/British-oil-production-sinks-North-Sea.html
No.2 said "The account NoelShempsky is posting disruptive messages" - LSE Admin - please all the disruptive posts from Dr. Patience, No.2 and getafgrip attacking me - mockery, insults, abuse and false accusations - nothing to do with DELT.
Note their double standards - they give me lots of abuse but when I defend myself and point out what they are doing, they report my posts and then give me even more abuse
What did I say was the NSTA's mission - to put an end to oil and gas production in the North Sea. Yet again news comes out to back me up in my views.
"British oil production sinks to record low as industry warns public 'will not forgive another Conservative Government that turns its back on North Sea workforce"
"Oil production has slumped to a record low as the UK industry’s future hangs in the balance."
https://www.dailymail.co.uk/news/article-12474707/British-oil-production-sinks-North-Sea.html
"Such lovely sentiments, I'm in floods. Thanks goodness you're here to look after us Noel." - I said these boards are here for sharing information and someone responds with mockery.
Why is that?
What is his agenda?
I've seen his sort many times. Next it will be insults then abuse.
Dr. P is back with mockery and insults. He said he was going to ignore me but he digs and digs - he won't stop the provocation. He said he has filtered me - liar. Note how quickly he change from Mr. Reasonable Chap, very polite and prepared to debate - but just because he doesn't like opinions he became into Mr. Nasty, vicious and abusive. His true colours have come out.
Give a gripe proves that he is a hypocrite with double standards. He says "You shouldn't make so many assumptions" - see his amateur psycho-analsis of me, and there have been many omre - so he can do it but he tells me not to.
"Noel, Gold and Silver is/are "money" .......everything else is only Credit/IOUs......." - true, I do know.
but FDR made it illegal to own gold, they can do it again. "Never say never" is a wise saying.
Some good points headder. I wasn't saying anything is going to happen in East Africa, just saying that we do need to be on the look out for trouble brewing. I hope that if anyone does spot any news that might indicate that it is, then they give us the tip off. After all that is what these boards are for - sharing information.
"Or just listen to that Ed Dowd guy and short the hell out it!" - it's not just Ed Dowd. Have you seen how many more top fund managers are predicting a market crash. These are serious professionals. If it hasn't happened by the end of October, then they were mistaken. Time will tell.