Member Info for onedaysoonish

Live, i wasn't having a go at you. Barclays announced the overselling issue in March. What rankles with me is that the financial press have recycled this story to overshadow a very decent set of results. Sorry if you took any offence as none was intended.

Mr A, Good luck to you as well. I know you one of our grandees and I have huge respect for your opinions. I know you have done well with BARC so I'm on your coat tails.

Blimey Power, I'd mentally blocked out MAGA. Farage recons Trump will run again in 2024. I'm not so sure the US or the world needs 5 more years of that..... Unless you drive a pick up truck, wear a baseball cap, and married your cousin! Sorry that was very uncalled for. All IMHO as always.

I have to say I can see Russia's point. The only issue is they may be changing the contractual conditions on existing contracts but they have every right to insist on payment in Rubles or anything else for new contracts. It's take it or leave it and Germany will have to suck it up and take it IMO. The biggest long term issue is that once Russia turn the gas off it looks very unlikely that it will be turned back on again, not in the longer term at least. Poland have played an absolute blinder. They clearly recognised the risks and started to put measures in place a couple of years ago to move away from Russian gas. The Germans look to have had their heads in the sand on this issue and Russia has them by the short and curlies. All IMHO as always.

Live, that's old news and relates to the securities overselling fiasco that Barclays have already declared. I keep banging on about this but it appears that in the face of a very solid set of results from Barclays, some elements of the financial press have chosen to focus on the negatives. It was the same with the Lloy results yesterday. Barclays managed to turn a £2.2Bn profit against an expectation of £1.3Bn and that includes the provisions for the overselling! I'm not having a go at anyone here who posts those reports, it's the so called pundits focus on negativity that I don't get. All IMHO as always.

I read the A5 news and bent the spoon I was using the eat my cornflakes. We need to complete any licence conditions we have outstanding on the deeps and then put all our effort into developing the shallows IMO. Of course that opinion only holds up if we want to best exploit the core business model. If there are some hopes of selling out then the prospect of flowing A5 would be a nice carrot to dangle?

And increasing speculation that if the Russian initiative in the Donbas is frustrated Putin may deploy tactical nukes to get his way? Despite what we are told I believe there are lines of communication open that we don't see reported. He has to know that deploying nukes with the prospect of the prevailing winds blowing any fall out across parts of Russia and the Baltic countries is an escalation too far? Let's hope Russia (not Putin) has the sense to realise that while threatening nukes is a ploy, using them in the 21st century may be the beginning of the end!

Sorry Mr A, just for clarity I'm having a rant about the financial press not your posts.

Mr A, the results are much better than consensus expectations. Despite that the knockers are already putting poison fingers to keyboards and recycling the negative news about the overselling and buy back hold. Our friends at Yahoo Finance seem to be following this tack reporting Barclays profits drop 7% blah blah buy back on hold blah blah. The tone is similar to their reporting on Lloyds yesterday. Disappointing, as in my opinion this is not a reflective nor balanced analysis of the Q1 results? We know about the overselling fiasco, we know that CET1 was going to drop so why dwell on old news? It's been priced in once we don't want it priced in again thank you! £2.2Bn against a forecast of £1.3Bn is a very solid result. All IMHO of course.

A1, I totally agree so disappointed with negative news reports this morning. This was a very decent set of results and any meaningful comparison with Q1 21 needs to filter the impairment credit we got last year. Underlying performance is up and lloy exceeded expectations. Shows what we are up against when this is being reported negatively by some pundits! All IMHO of course.

Yep. Germany seems to have turned another corner in the last few days in terms of it's attitude towards Russia and Putin has resorted to threatening the UK. The war in the Donbas is looking like becoming the war for European democracy? There appears to be no possibility of a negotiated settlement at this stage and Putin is "all in" so it's dangerous times. The need for non-Russian oil is becoming even more important so let's hope Tullow can close out the JV in Kenya for many reasons. All IMHO.

Well, Putin has decided to threaten the UK as a result of continued arms supplies and Heappey's comments about the legitimacy of attacks on logistical infrastructure in Russia itself. There seems to be a real hardening of sentiment towards Russia in recent days. Further Appeasement looks to be off the table as is a negotiated end to the war. It's now about what happens in the East and NATO countries seem to have woken up the the urgency of getting weapons to the battlefront quickly. I watched the Sky news debate yesterday and the biggest concern seemed to be that the two Russian panellists seemed to actually believe what they were saying? Bringing this to an end without escalation is looking like a close call. Let's hope Kaz can stay out of this mess and that we all come out the other side with an independent Ukraine and a hobbled Russian military machine. It doesn't look like we will be out of geopolitical impairment impact for a while yet? All IMHO.

Yep. Good numbers but some hawkish comments about an uncertain outlook wont help. Much is spot on. Can the good news from the numbers off-set another bout of panic in America last night? In the short term I don't know but 2022 could be the year that value stocks make a comeback? Let's hope so. All IMHO.

Cheers KK, Yep absolutely the elite fall-out after the unrest was a potential bear trap that we managed to avoid. There has to be a real desire in the West to keep Kazakh oil flowing and make investment there attractive. Part of Putin's legacy will be that he has hastened a reduction in global dependence on hydrocarbons. Oil and gas have been too cheap for too long and market forces overrode climate concerns. That has changed direction so oil companies, including our minnow, need to cash in quickly. This is no longer a business that the grand kids can inherit.... not unless it changes it's core business model at least? Dreams of growing this business to tens's or even hundred's of thousands BOPD are probably obsolete. It's now about making money out of 5-20KBOPD. Nothing wrong with that by the way! All IMHO of course.

Doing it once was incompetent, twice would begger belief!

Had a quick look at the HSBC results this morning and part of their problem seems to be a not insignificant client base in Russia. Lloyds quarterly statements have been relatively positive of late with the grief being saved for the finals! Given the Santander UK results I would hope Lloyds can give us a fairly upbeat Q1? Debt provision release will be the biggest difference V Q1 21. Easy to trip up these days. Even a small fail on either top or bottom lines or some hawkish comments in the commentary can derail sentiment. Fingers crossed. All IMHO of course.

What price the UNSG comes back today saying something like "I have a piece of paper from comrade Putin........ WW3 looking more likely than at any time since the Russians stuck their missiles in Cuba. We have spoken about this before but unwinding a global economy to isolate one party is all but impossible in practice and countries like the "Stans" get caught in the middle. See HSBC's results this morning! Managing geopolitics may be the key to survival for companies like CASP going forward? Maybe Elon Musk wants an oil business he can play with? Roll on 142!

adrian, not sure what CASP are up to. The report I read was about Shell.

Fingers crossed for Kenya. Let's hope it wasn't Les Wood heading up the JV negotiations? Given the western worlds dire need for oil from non-Russian sources and POO remaining strong you would have to hope this looks like something that stands every chance of happening? I still think it will go to the wire but the wire is not that far off! IF it happens then it could be a game changer for Tullow IMO.

It hurts when the news today is that Shell have been trading Russian oil by stealth while we are taking a $35/bl hit. Tankers marked "Destination unknown" sailing out and transferring the oil to other ships is one allegation and any product containing <50% Russian oils being not classified as subject to sanctions being another. You have to wonder if the CPC oil was part of this deception? The ultimate outcome of sanctions seems to be that they hurt the countries that honour them while being bypassed by the targets? Difficult to get much news about how the war is going in the Donbas at the moment. The MOD say the Russians are being frustrated but no real news beyond this? Putin saying he believes a negotiated settlement is unlikely but based on the lies they have told so far that might just be another ploy? If the Russians cant break through in the Donbass within the next two weeks or so then Putin may go for a full Russian mobilisation? Despite what has been said the Russian people are not stupid. They know NATO aren't fighting in Ukraine despite what they have been told and the quick, easy campaign the Kremlin talked about just isn't happening. Can this really go on till the end of next year as some western sources are suggesting? Let's hope not.