Member Info for PanamaPete

Https://www.reuters.com/world/ukmto-reports-incident-60-nautical-miles-south-east-yemens-aden-advisory-note-2024-01-26/

Let's not forget new & more cost effective capping techniques which will develop over time.

Technology moves on.

There is a suggestion that DEC are buying back on NYSE where daily reporting of purchases may not be required.

Shorts are running out of fire-power. Short CFDs on margin calls will be beginning to sweat. Time to load the big guns. Do I detect the smell of burning.

Added.

Extracts from the Desiderata:

“Speak your truth quietly and clearly……”

“Avoid loud and aggressive persons; they are vexatious to the spirit….”

“Exercise caution in your business affairs, for the world is full of trickery…….”

Greygeorge, you are in danger of accidentally sounding bullish by an earlier post of yours suggesting a conspiracy to take the company private at £14/share. You may be closer to the truth than you imagine.

It's always about money. Added here today.

Since which there were nine purchases by other Directors.

Bear trap ahead.

Stas20 that is a good question. Is it prudent to pay 10% pa dividends or 9% pa interest. Sitting on the cash is doing nothing & has done nothing for six months albeit earn a modicum of interest. I think the Tain / Repsol licence business threw them off-course.

If you buy today you will not be eligible for the dividend. Your share certificate / contract will be marked ex-dividend.

You may sell today & still get your dividend but I always give it an extra day.

I'm sorry for your losses edgood.

And yet initially listed on the LSE & only recently the NYSE.

Taken a small position here. People are looking many years ( 8 - 15 ) in to the future as though they are Nostradamus. Technology changes & it is very likely that more efficient plugging / capping techniques will play out in that time but nobody talks about that or tries to factor that in to their prescient foresightedness. Maybe they can plug a well for $10,000 within five years. Expect shorts to run for cover in less than six weeks - tick-tock. BTW, I'd not worry about a 25% reduction in the dividend. It would still be an excellent yield. DEC do provide an invaluable service & the Americans just don't like the Brits in their territory & want to give them a good spanking. GLA

Slowly weaning myself off this share as a long term hold & prefer to trade it now. Building a stake in enog. Also a small holding in dec where I expect shorts to run for cover in six weeks as they will be liable for the rather large dividend. Also, i3e still not buying back at these supposedly weak prices & oodles of spare cash from the unused portion of the Trafigura loan.

Another example of why it was best to sell pre ex-dividend & buy post ex-dividend. Sold 350.000 at 11p average & can now buy back at 10p. You do the maths.

Irrespective of the excellent results and the hysteria surrounding fossil fuels, this will really motor once things have calmed in the Middle East. Meanwhile I’ve topped up on weakness & will enjoy the growth & dividends. GLA

Don't you mean..

https://www.youtube.com/watch?v=F5Sb9AoirSU

M&G bought 5.26% in Nov 27th when sp was about £14.

4.900034% + 0.362716% financial instruments (50758002 shares pre consolidation)

https://www.lse.co.uk/rns/DEC/holdings-in-company-5w7ei7h25ckz701.html