Member Info for onedaysoonish

DM, Sounds about right. Good job Tesla came up with AC. Generating and distributing DC is even worse.

EV's are great for the car industry because all the emissions issues sit elsewhere. AC electric motors are a fantastic way to power a car but batteries are not. There is no doubt that for some users EV's are fantastic. For anyone without off street parking however they are not even an option. My manager and I travelled up to Scotland recently in his Audi Q8e. He had a problem with his home charger so we started off with half charge and had to use the "fast" charges at the services twice on the way up and once coming back. The electricity in those things is anything but cheap and, aside from the journey taking a lot longer, the cost was almost twice as much as using my petrol GTC. Range anxiety was another major problem. If you run the battery flat on the M6 the AA don't turn up with a can full of electrons so you're there a while. As CC says the raping of the worlds resources to build the batteries is unsustainable and if Nissan's Leaf is anything to go by then battery range is so poor after 6 or 7 years the vehicle is all but useless as the cost of new batteries exceeds the value of the car. I do big miles so looked at an EV last year as a way to reduce my travelling costs. For me at least, it didn't stack up. One thing that amazed me though was how well they hold there value. Given battery life concerns I thought they would drop off a cliff but they hold onto their value really well. The final considerations are where does the electricity come from and what is the real world efficiency of an EV when you look at the bigger picture? The pundits talk about how efficient an AC motor is but that's not the whole story. How efficient is the power station that produces that power? What are the losses in the power grid, the local transformers, your household charger as well as the inverter in the vehicle. All told not quite such a good picture for the Eco warriors. For the time being running costs of an EV are, and will remain lower than fossil fuels for people who have regular journeys and can charge the vehicle at home....... but only really because of fuel taxation and at some stage the gov will need to get that back! It's an interesting and complex debate but assuming EV's will spell the end of carbon energy reliance is probably premature. All IMHO of course. Come on CASP. If we are discussing EV's then news must be slow.

Well we should be talking about 74p IMO but hey ho this is Lloyds after all. 2 weeks to the results so let's hope they are as good as we all hope they will be. Perhaps if we do OK Labour will be calling for a windfall tax on the banks! Frustration again today. You need thick skin to be a Lloyds shareholder.

I don't think the market sees CASP as an oil producing business yet. I think we are still viewed as some sort of exploration venture in a region where geopolitical stability is viewed less favourably than it was? The market might just wake up to this being a profitable business when the 2021 numbers are released? The investors who have followed the fortunes of this company and understand how much opportunity there is can see that the fundamentals have turned a corner but the market has yet to catch on and that this is an opportunity. I've said this before but CASP are battling suspect credibility with investors as a result of too many promises and too little oil. An SP that was wedded to 10p at one stage now can't hold onto 5 doesn't inspire confidence. I'm long here because I believe the strategy of developing the shallows while trying to deliver the deeps make sense. I also think that they have learned from previous communication errors and are more likely to keep their powder dry before issuing RNS's that turn out to be premature. Unfortunately short to medium term SP will depend on news flow. No news results in SP leakage and trying to predict when news will arrive is like trying to plait snot. \posters like FK are redundant, ramping here cut much ice anymore. As an energy play this has been rubbish over the last 6 months. That said the opportunity here is real and we may, at long last, see a return one day soonish (sorry.....well spring at least). All IMHO of course.

Cheers Red. I think we have lots of good things falling for us atm. We just need sentiment to improve and Brent to stay above $80!

I'd jump at 4000bopd by EO March. Probably weather dependant but never say never. I'm discounting the deeps based on local prices but 152 and the shallow/horizontal work-overs at MJF and SY are fantastic opportunities to grow top and bottom lines. If we stay focused on getting oil out of the ground rather than tipping money into it 22 could be a fantastic year for us. Would be nice to see a strategy to double output on the areas covered by the international licences before next winter. A divi might shake up market sentiment and no resumption of the unrest would be another real plus. Blimey..... was I just being nice about CASP!

Sorry guys. You can't just run over cyclists. They are endangered. It takes years for an angry, shouty middle aged man to form a chrysalis and emerge as an angry, shouty, lycra clad lemming. I can live with their riding habits but middle aged men in lycra...... should be some sort of decency law to protect the rest of us. Agree with the other points though. We are now an oil producer, albeit a minnow, and a profitable business with potential for growth. The geopolitical situation is still a drag on SP but we look undervalued based on fundamentals. Trouble is the markets are quick to react to sentiment but slow to adjust for fundamentals. All IMHO of course.

Lol. Yep!

Yep. If it was a horse you might be on the phone to the glue factory about now. That said there's value here IMO. The problem is, as always, sentiment. So if/when will it change? I have no idea. Since June last year it's been positive for BARC. Dividends, strong results, base rates up from 0.1% to 0.5% and investors being advised to look for profitable value stock. All that and we are still floundering. The only thing I would advise is stay away from old Range Rovers. If you think BARC is frustrating.....

Without doing too much maths Brent at $92 means our top line is somewhere in the region of $700K stronger every day Vs oil at say $70 even with hedging. If stronger oil prices mean we can stay up by an average of around $500k per day for 3-6 months then it starts to make a difference. Perhaps the accountants here can confirm/correct?

So much that has been said in this thread is absolutely right. We hit 50p last June since when there has been a good set of Q3 results, dividends have been paid, boe interest base rate has moved from 0.1% to 0.5%, we have the prospect of significant buy backs, tech stocks are struggling and the case for a profitable stock that can thrive in an environment of tighter liquidity is stronger than it's been for years. All that and we are at 52p. Surely the fundamentals must overcome the negative sentiment at some stage? I'm hanging on for the results, divi and buy backs after that I might look at stuffing my money under the mattress!!!

Labour were pushing for windfall tax's on oil companies yesterday. Clown's. What they should be pushing for is relief on energy industry investment and efficiency so that we can reduce our dependence on imports. What a wonderful choice we have at the next election. One party we can't trust with the economy Vs one that we can't trust with the truth. Can't wait!

Correct DM. As you say $90+ will start to trigger some unwanted political attention. I'm surprised Biden hasn't already started. That said the present price must be good for our P+L even if it's not doing much for the SP. Around 1.2p of SP per 1000bopd with Brent at $90 is the best looking ratio we have had. CASP have long since had their honeymoon period and need to be a low cost producer going forward. Oil prices are volatile and we need to make hay when the sun shines. But the fact that our SP doesn't respond favourably to rising oil prices says that's not what people see here. I think the penny has dropped with the management team that promises of Jam tomorrow doesn't cut much ice anymore. Brent at $90...... great, now let's make it pay.

I think it was 4 of the 9 that wanted a 50bp rise today so it was very close. The press conference was also hawkish so little doubt there is more to come. I would agree we are in too little too late territory here and boe should have moved last autumn. Energy is driving much of the inflationary pressure but politicians want to lay the blame wherever it suits them. Nothing new there then. Look on the bright side, if you are invested here it should provide a hedge against inflation and tightening liquidity........ or at least I hope so. Come on BARC it's long overdue!

Volumes looking better today and plenty of buys on the board. Maybe the conspiracy theorists think that talking it down means there is something positive about to land? My head hurts! When will the voices stop?

Cheers KK.

Would we have been able to restructure the debt without a condition around hedging? I don't know but I'm fairly sure we would feel happier about the need for hedging if the oil price had collapsed during the Omicron debacle. I would agree that with oil at $88 hedging looks expensive but it's deemed as prudent and there may be opportunities to trim hedging costs as the financial position improves. It might be worth asking the company about this? I would agree that our SP looks low based on forward P/E so I'm looking forward to positive news flow and I wouldn't be here if I didn't believe the management were broadly doing the right things. Energy is generally flying so yes, it's disappointing that we are floundering around 50p but I'm staying patient.

IMO the rate hike is 90% priced in. We have just gone red so some people might be playing the "what if" card. Not much left if we see a 25bp increase but plenty of downside if the boe bottle it. I think it's probably as certain as it can be that they will increase. Financial pundits advising people to move to fixed rate mortgages. Generally these are premium products which should give earnings a boost? Being invested in a retail bank may provide a hedge against tighter liquidity and inflation. That's why I'm here at least?

Doldrums is a good way to put it as we need some favourable winds to start moving in the right direction. If I filter out the geopolitical uncertainty then I think we would be 20% higher. Of course that uncertainty is priced in and will be for a while yet. Everything else, as always with CASP, will be about news. The 21FY numbers are due and may give us a boost. We are also overdue news of new wells/horizontal work-overs. Not sure why so I'll guess it's the Kaz winter and equipment availability? The SY licence news is now over a month old so I'm hoping for news of how we are going to develop that opportunity. Deeps? Further news on A8 would be helpful. If they have found a way to clear the drilling mud without blocking the well that will be a game changer. The boats a duffer for me but with Brent at $88 we have a better chance of chartering it now than we ever have. I believe the fundamentals will support a higher SP and that should be confirmed when we see those 21 numbers. I'm not going to make any predictions about SP. I've been here too long to play that game. What I do believe is that, providing the geopolitical situation does not regress, there is more potential upside here than downside. All IMHO of course.

FK, Have you let Pinocchio know?