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robortsmith: Shhh don't tell everyone ! We don't want these shares to rise too much before I've sold the mother-in--law .
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Mind, all that VAT the govt has made on rising prices, they might not have to borrow much of that £100B, as such.
Well my take is that economies are gearing up after covid and probably 2008 when capex was slashed on oil/ gas projects/ infrastructure and now things have bottlenecked somewhat. Plus the Keystone pipeline in the states never really got off the ground- thats a lot of stuff from Canada that didn't happen esp. from the environmental standpoint. Talking of environmentalism, a lot of cash went into renewables to the detriment of the petro industry. Again another reason as my first point, for a bottleneck. Lastly the Europeans started buying more futures contracts for their gas, the Chinese/ Indians and others are in competition. Guess what happens to spot prices !
I know folk from Invergordon- a rig park in N.Scotland. Why so many rigs lying around? I asked- well the environmental thing- they just ain't fashionable any more. More legislation didn't help either. Then we have the staffing bottleneck. Experienced staff have got bored and left or simply retired. One more? Folk cr*pped themselves when oil was in minus figures- crikey it might happen again ! The money went into real estate instead. Buy a dirty flat and let it to clean families- easy. Now the int' rates are rising and extra landlord legislation etc, we should see the bubble deflate, fuel /bills will compound it.
Also, the IEA IEA forecasts a 9% increase in annual gas demand between 2020 and 2024, significantly higher than the demand growth that would need to be maintained to stay in line with the target of net-zero emissions by 2070.
Still we are buying Russian gas via China for double bubble +. IF that gets stamped on (probably after winter- we'll do alright. Tolmont's a go.
In short great news for HBR. The big fish I feel, want in here and for some time too and the 'bots are making a meal of it hence our reputation as a traders share amongst some Premier hands on this BB including myself-before next year debt and hedges reduction. The reasons above are why I rebought (left it late, mind).
GL
We weren't making much headway on monday and end of last week considering the sheer amount of cash flowing through the pipes lol. The smart money was not adding more smart money until after PM announcement and action on bills.
Yup, sp couldn't sustain today but we were strong compared with peers. Maybe 'bots are keeping us down until those hedges and debt get sorted next year as laidback said. Meanwhile we accumulate all the more.
Nordstream 1 closed for repairs. BBC news 2 hours old, our sp rockets about that time !
https://www.bbc.co.uk/news/world-europe-62732835
Maybe folks are returning from hols and the vol is starting to rise. With the strength of this stock i would expect shares etc to make good collateral for other trades. We are still around 20p in old money and there is plenty to go here as thoughts turn to winter. Goldmans is looking at a much higher sp for us as are plenty of other analysts. I didn't think the energy situation would become so entrenched and i was expecting this show to end within a few months. Also a lot of production was shelved including infrastructure improvements due to the ultra low prices not so long ago.
In short, we are on a strong trend. Good sales and a rising shareprice.
We finished strongly after a bounceback from ~488. Can see £5 next week
Blue Nun on the cards tonight and a repeat of The Royle Family to celebrate. GLA
Well, I've just lost 1/3 of my already limited dough on IAG. 490 limit buy. .V. Cheeky but we'll see. Was here during the switch from Premier some time ago. Lost money then too. Now our product is in high demand money must be made now. GL Campers
I've had enuogh and throwing in thee beer mat. Lost 1/3 of what little dough I had here. I may return when things start to rise (properly) again in a year or so (regardless of much better passenger numbers). In the meantime i'm looking for a decent oily to get my lost third back- a whizzy aim or a big board company. I need every penny for a very expensive divorce one day so a currently rising sector is the way to go for me like petro..
All the best Campers PT
I have a Dahon fold -up bike.
Flexible enough to make some folding-stuff in the next year as air transport gets going again.
(Would love a Porsche like Robert Redford's old thing in the film Spy game, though !)
Ginger beer today, the 'bots have been trading this amongst themselves. 110 next week. Expecting limpness and flaccidity tomorrow just in case the weekend brings more glum news. May get a surprise if the ftse tide is positive. GLA
Todays Tip
A thimbleful of washing up liquid half an hour before hitting ones head against a wall makes a great alternative hangover but without the cost of alcohol.
fordm: Tuna mercury can be squeezed out by simply using a garlic press. Any environmentally conscious dentist will happily buy the resulting 'pulp'.
Trades have increased- maybe the sp is now due a light blue day now the flight cancellations news has been through the digester . We didn't see much above 120 for weeks due to those in the know waiting for the news to drop I guess.
Cheese on toast for lunch and a waggon wheel.GLA
Still calm-ish. Quite surprised given last time we had flight cuts the sp really lost ground over multidays. Maybe some shorts are covering/ new money arriving this week. The "Gatwick returning to profit" news may have given the airlines a little boost today. This certainly isn't a boring share like some i've held in AIM land with just a few trades a day. GLA
Some nice news. Aer Lingus and BA sustainable fuel deal in 'frisco:
https://www.flightglobal.com/airlines/aer-lingus-and-british-airways-sign-for-sustainable-fuel-at-san-francisco/149939.article
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Sp calmer today, so far so good.
So it perhaps wasn't the commodity prices, impending recession, int rate rises ..or the solar storm last week but..the cancelled flights and staffing issues instead. Phew!
Should take a few days to bottom then rise. At least the shorttracker appears silent. No Blue Nun today but Buckfast Leighs finest wine is looking good. Additionally, I'm disappointed at the SNP 'angels share' emissions row. I'm having an Angel Delight as a small act of rebellion as my last bottle of Glenburgie 1998 22y/o is hibernating. Nighty Night Campers