Member Info for onedaysoonish

Interesting, thank you. Don't know enough about the individual to comment.

Some big oilers in the FTSE so we were likely to under perform in the circumstances. Recession fears being priced in?

Cheers KK. Decent quality Kaz crude selling at discount prices. Somebody is getting a good deal?

Fair play that RNS was a stinker. As KK says there's no room for regrets its about what happens now. Sell up and move on? Not a bad call but it should get back into the 3's when people put this into perspective. I've had a quick look this morning to see if Chevron have been flagging the Urals POO but I ran out of time so can't say? If the discount continues then the big boys may invest in a new distribution route out of Kaz? At least we didn't spend a fortune on connecting CASP to the CPC. Focus on the shallows has been the best strategy here since 2019 so if this forces their hand to do the right thing then it's an ill wind..... The boat is going nowhere fast. Selling something like this in a land locked sea is going to be tough right now and chartering it for oil exploration tougher still. Best case scenario seems to be to charter the boat so it washes it's face cost wise. Worst case it sits in port costing money and going nowhere. Clive, cut our losses and take some positive action or show us a workable plan. There may be a chance in the next few weeks to end the conflict in Ukraine. If, as looks likely, the Russians can take the Donbass they can negotiate from a strong position and maybe, just maybe this madness will take a time-out? I was going to sell this morning, take my medicine and be done with CASP. But I still think there is a core business here that can thrive. No Multi-bag BS but recovery back into the 3's and steady progress back towards 4 over the next 6 months looks conservative. I'm not a buyer but I will hold. Let's face it even Clive might struggle to top that festering pile.

I guess it will open in the 2's but who knows? And yes, this is a crock of an RNS that won't polish no matter how hard it's rubbed. Given the size of the Chevron stake in Kaz it will be interesting to see what they are looking at. A $30/Bl discount is no use to them and sanctions could be in place for several years so there has to be a case to find alternative distribution channels or lobby for a reclassification of CPC oil. Not likely in the short term though?

Thanks for trying to cheer us up somm but it's not working. The deeps are dead for me after this. A8 was the last/best chance to prove they could crack the deeps and it failed. We would have to sell deep oil production at local prices if we eventually deliver and, based on the SY licence timeline, making serious money from the deeps is a dead duck IMO. The boat was unloaded on the company because all the assumptions about the need for this in the Caspian sea turned out to be flawed. We got stuck with the running costs of this white elephant to get someone else off the hook. That leaves us with the shallows and the present licences. These are the nearest thing we have to a jewel in the crown but selling the oil at a $30 discount to Brent is a blow. The wording around the if's and looking for alternative distribution routes was another dose of disappointment. If there are other distribution routes we should be evaluating them now, not when the CPC is closed or the oil worthless. Thankfully it's April, not December so development of the shallows can crack on now. They need to pull in their belts and seriously consider selling/scrapping assets that sit there costing, rather than generating money. I was hoping for a financial summery when I saw it was a Q1 review but....... Naaa. So we will get a dividend in July but no indication about the potential amount? If they can stop destroying shareholder value that would be the best divi for me! Oh.... what to do?

Oh. And if anyone says this is a great opportunity to top up they should consider falling on their sword lol.

And the blows this year just keep coming. Thanks Clive..... I was done with the deeps and the boat anyway so if this means we concentrate on the shallows and sell the white elephant I won't lose sleep. The pricing news and the pipeline vulnerability were a kick in the dangly bits though, as was the 142 news. Multi bag opportunity? Not this year. The war in Ukraine is forcing the world away from hydrocarbons at a faster rate than ever and nuclear seems to be the great white hope. Lucky there have been no disasters with nuclear then!!! I keep saying that CASP need to get on with it as the clock is ticking. This is not a 10 year play anymore, they need to deliver in 2022 and we get this news and a 20% hit to the SP. Great! Just glad I'm not overweight here anymore despite today's buy. Timing huh!.

Errrrr. yep. Have you thought about a crystal version?

Ruble Vs USD almost back to pre-invasion levels.

Just gone for another 15k shares. Money where mouth and all that.

Go Tullow Go. Back on the front foot. No good news for the shorter's this week..... not here at least. We are something north of $1m per day in gross revenue better off than this time last year and the blues of a month ago are now fish and chip wrappers. Long may it continue! Some people on here talking like they have missed the boat? You haven't IMO. The fundamentals have improved and the recovery plan should be ahead of track. Plenty of room here yet. DYOR.

Great post Adrian thank you. Just the sort of well structured, clear communication we expect from Clive but....... April always feels like things will start moving again. I had another little dabble with the buy button here this morning so, as CC might say, Let's be avin it!

I don't want to speak for anyone else but yes, the dividend looks like as little as they think they can get away with? Of course that's only part of the return to shareholders. The buy back made up the rest but that's on hold. at the moment It always feels like Barclays pass on crumbs to the shareholders and when they mess up even the crumbs disappear. Not much point being invested in a profitable business if you don't get to share in the success? If you want to buy in here then you should probably focus on the prospects for a longer term SP recovery as there are better places to be if it's all about dividends. All IMO of course DYOR.

Some good points raised here so thank you for some well thought through and balanced posts. For me at least trying to predict what will happen day to day is a lottery. I'm no technical analyst so I rely on fundamentals and news. This puts me firmly in the long term value brigade. Like TR I'm struggling to understand why Venkat has not been communicating. No news is bad news in these situations as, understandably, people start to conclude the worst if there is no information to correct that. Q1 results will be really important if we don't hear anything before. Difficult to find much value in gold or energy at the moment so Barc looks like an opportunity at this price? Barclays needs a shake-up. Bramson had a go but with 6% and Jess still at the helm that was somewhat optimistic. I'm here for a recovery or another activist investor who thinks they can do better.

Yep. Down in the 3's while HSBC are in the 11's. Different business models? Yes, but there are pro's and cons for both. The key difference seems to be sentiment and a lack of confidence in Barclays management. Venkat seems to think if he ignores shareholders they will go away. Seems he's right? Can Barclays recover from this? Yes, but the contagion and whiff of incompetence is going to hang around for a while yet. Q1 results will be really important here. All IMO of course.

I've just added another 125k shares!

Looks like good news for Kaz?

Mr C, yep. I think NATO's approach of involvement by proxy (support) has been working. And yes, I read yesterday that China are honouring existing Russian Oil contracts but are not opening any new ones. This looks more like sitting on the fence than openly supporting Russia? The war crimes have been a major setback for Russia's narrative. They have lied since day one so nobody would believe them even if they were telling the truth. And you are right, their military have been rubbish. Not sure if this is because Putin is calling the strategy as Hitler did in WW2? Sadly bravery does not win wars but might and logistics do. Can Ukraine and the west get Russia to the negotiating table if they hold the Donbass, Crimea and a land bride between the two? Only if Russia are hurting IMO. Hurting militarily, hurting economically (EU gas and oil would be the most meaningful steps) and hurting on the cyber front. If they are not stopped at that stage then this could be a long war. Let's hope the killing can be stopped sooner rather than later.

OK, so house prices have been on the up and mortgage business is no bad place to be at the moment. Q1 statement on the 27th, divi goes ex tomorrow and we still have a good slug of buyback to get through. Yeh.... feeling good now!