Member Info for Phoebus

Agreed. Hopefully BTC follows Q4 2017, the analogous quarter from the last BTC halving cycle. Having fallen from $5K to $3K over summer 2017, BTC broke above the $5K ATH in the second week of October and zoomed to almost $20K just a few weeks later. Chart looks like it could be building up to a rerun, and no doubt a lot of market participants are anticipating it. Obviously it's not guaranteed, but if it start to go it could happen very quickly. GLA

Very frustrating. This needs a boot up its AR.$E.

That would be great. The last few months have been quite stressful. GLA

Start of THE move higher for BTC? 100K end of year still on?

Brilliant lateral thinking there Soder. TOQAP which currently owns 25% of Orinduik is owned 60% by Total and 40% by Qatar Petroleum. If TOQAP buys TLW's 60% then Total would have 60% of 85% which equals 51%. Great spot.

This has already been discussed in more detail on this thread.

https://oilnow.gy/featured/tullow-looking-to-bring-in-partners-reduce-capital-exposure-in-guyana/

I think the TLW CEO's wording there is quite telling. 'The overall strategy is to allocate more capital to our core production assets, so what we are looking to do in Guyana for instance is to bring in partners and reduce our capital exposures.'

Note he said 'exposures' in the plural. TLW only has interests in two licences in Guyana namely Kanuku and Orinduik, so I reckon they must be looking to farm down both. They have a 37.5% interest in Kanauku and are the operator of Orinduik with 60% so their capital exposure on Orinduik is likely more onerous and is probably the main focus of their farm down aims. The fact they increased their Kanuku stake in 2018 from 30% adds credence to this hypothesis although the CEO's wording suggests that corporate re-organization has resulted in a change of heart there too.

Tullow has been maturing the Orinduik prospect inventory following Jethro, Joe and Carapa results. Now they are farming down their Guyana stakes after which drilling should go ahead. All looks to be perfectly normal to me. Just because things take time is no reason to get impatient and assume there's a special issue.

.

.

https://www.lse.co.uk/rns/WSBN/interim-results-1qobfj6xnuu156f.html

Talk about bare minimum.

Very interesting.
https://www.kaieteurnewsonline.com/2021/09/30/worlds-longest-subsea-cable-will-send-clean-energy-from-morocco-to-the-uk/

MacF1, many thanks for such a detailed response. I will take a look at the videos. To clarify, are you able to invest in stocks without margin and associated financing costs as I'm wanting to hold actual shares for the longer term? Thanks.

MacF1, many thanks for such a detailed response. I will take a look at the videos. To clarify, are you able to invest in stocks without margin and associated financing costs as I'm wanting to hold actual shares for the longer term? Thanks.

MacF1, I was wondering about opening an account with IBKR. Are they any good and is there anything to watch out for with the account opening procedure or operation of the account? Not sure if being a US brokerage has any ramifications. Also, their website and pricing model looks so complicated it's put me off a bit. I only want to buy ordinary overseas stocks for cash with no margin. Is that possible?

.

.

Stunning NPV. Tiny joke £8M market cap. Non rise of 3.8% on terrific news and some are selling. Seems ridiculous. Should this not be £20-30M market cap by now at the very least? What have I missed?

Only negative is the metals prices aren't looking great.

Thanks Harel.

Which now looks a stroke of Genius. Kaieteur entry next via Ratio and/or Cataleya?

.