Member Info for r1234

I wonder if it has anything to do with this:

Britain announces biggest auction round in renewable energy scheme
https://www.lse.co.uk/news/update-1-britain-announces-biggest-auction-round-in-renewable-energy-scheme-96lw3i9z3288919.html

I think 82p is Liberum's prediction.
138p Berenberg
150p Peel Hunt

I take little notice or broker targets, they all have their own agendas.

The decision to the agreement with Navitas was deferred until the end of September. I'm expecting that can to get kicked down the road again.

I personally think Sea Lion is a no brainer and would be taking a punt at these levels if I hadn't already put in as much as I dare risk. Not many trading days to go until Harbour have to say something, even if it is that they are again deferring the decision.

On the first paragraph is says equities traded higher in premarket, then on the second paragraph it says the FTSE was down 0.71%. I'm confused!

RKH are the only bit of green on my watchlist today. Every cloud has a silver lining.

In other news, Neptune in possible merger with Harbour. I've no link to a source for that so take it with a pinch of salt.

I suspect Mr Market would know and the share price would tank. /Shrug

Who knows? No news is good news, right?

Some old info on OM (2017).
RKH were expecting to recover 25-40mbo from OM and were looking to receive compensation for lost profits of $200-300M. That was in 2017. What is the expected profit on a barrel of oil today?

They were expecting the case to close in 2019! :-)

Minute 19:
https://www.proactiveinvestors.co.uk/companies/news/308061/rockhopper-exploration-ceo-sam-moody-presents-to-investors-at-the-oil-capital-conference-8061.html

https://10isdsstories.org/cases/case9/

Obviously there are costs up front before you get a drop of oil.

250m barrels of oil at $60 = $15B
If you can't make a profit from that you are in the wrong business.
Then there is Phase 2 which will already have all the infrastructure in place from phase 1.

Up since the 8.63 you posted on Monday. Result!

Seems to me that since October the share price has been tracking the oil price. If I were to speculate I'd reason higher oil price means greater chance of FID.

Volume still small but shares are trading in chunks today (1000's rather than 100's).

Any idea which document that map is from? It's page 26 of something.

When does Europe close for August holidays?

According to the BBC the young are buying gold.

Gold attracts young investors trading online, says The Royal Mint
https://www.bbc.co.uk/news/business-57914322

C/O NOFEAR once more

I wonder what has them agitated?

[ Argentina seeks sanctions against oil firms drilling near disputed Falklands ]

By Agustin Geist

BUENOS AIRES, July 7 (Reuters) – Argentina's government has launched a process to sanction a number of foreign firms it accuses of illegally drilling for oil in a disputed area near the British-run Falkland Islands, over which the South American country also claims sovereignty.

https://www.reuters.com/world/europe/argentina-seeks-sanctions-against-oil-firms-drilling-near-disputed-falklands-2021-07-07/

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/070721-argentina-sanctions-oil-companies-for-drilling-in-contested-falkland-waters

Posted by NOFEAR on the HBR board
5th July 2021 - 16:05 gmt
Mexico chooses Pemex to operate Zama oil field.
https://financialpost.com/pmn/business-pmn/mexico-chooses-pemex-to-operate-zama-oil-field-document-sources

Many thanks