The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
SvS
I love Itchy & Scratchy! Anyway, nearly time to leave but I will catch up with you when the market reopens on Tuesday.
Maybe Tuesday will bring us something operational to get our teeth into - you never know!
SvS
It’s really the Stockholm Syndrome point. I agree that it doesn’t affect the company’s performance or the SP, it’s more about how this attitude affects such individuals’ buying and selling decisions to their disadvantage.
Just a thought, but are the posters who are most consistently wrong about companies like CEG not in fact the posters who most consistently refer to key figures by their first names (“Neil”, “Leo”, “Simon”, “Eytan”)?
This use of first names is arguably emblematic of an uncritical (and therefore unprofitable) attitude to such individuals. They are not your friends.
Starchild
Asking how $85m gross becomes £25m net is a serious question. Past experience tells us that we need to figure stuff out for ourselves as best we can with information we can rely on rather than taking everything the BoD says as read. Yes, the BoD know more about this than we do but people have lost money watching this BoD err on the aspirational side again and again and again.
Did you even know about the reduction in the T&T loss relief rate from the usual 100% of taxable profit to 75% before I highlighted it this morning?
in4cedros
Just to be clear, you are not prepared to say whether you currently have a position in CEG, whether you ever had a position in BPC or, for that matter, whether you ever had a position in CERP/LGO?
Starchild
https://assets.kpmg/content/dam/kpmg/us/pdf/2019/11/tnf-trinidad-budget-nov21-2019.pdf
Page 5.
Starchild
“$85m in tax credits”
Remember though that such tax credits have not been fully utilisable since the PPT relief reduction in the 2019 T&T Budget (from 100% to 75%) came into force. If you are going to paint a picture for your readers, paint the whole picture.
Doubled up this morning, same price as yesterday. Goes against the grain but there does seem to be an easy 10%+ to be made on the back of the ramping and exaggeration we will inevitably see as Saffron 2 progresses towards TD (newbies beware). I can only hope that CEG’s financial position remains unclarified, at least until I’m out.
That said, I remain confident that this will be 3p+ by the weekend.
Saffron 2 looks like it is make or break for CEG (though 200bopd is not exactly going to make it but failure would pretty much break it). After an only partially successful raise the state of the finances remains unclear to me and there is a massive overhang.
The CEG BoD are kidding themselves when they bandy YE2021 predictions like 2500bopd around. For a start, if they succeed with the current drill, what are the chances that they will raise again on the back of that success before they do anything else?
There is scope for pre-drill result excitement though - sometimes you have to hold your nose and trade anyway. I’ve taken a small punt this morning on the pump with the intention of being out before the dump (and in any event before the drill result) for a modest turn.
The CEG rampers have very little credibility left but they seem to have absolutely no shame - when it comes down to it I am basically betting on them leading the punters astray yet again (or, to be fair, more on the punters leading themselves astray yet again).
Gilen01
“Does it really matter?”
It certainly does when you consider the leverage.
Rog83
I used AJBell.
Given the number of posters on here making a bull case for 4D (and I mean a credible bull case, not the rampy nonsense spouted by e.g. The Stigologist), I am surprised to see so little mention of LBPSW and pretty much no discussion of the pros and cons of exposure to 4D via those warrants rather than DDDD.
Any thoughts?