Member Info for rossannan

SvS

Fair comment, I guess that teasing an apology out of the local rampers is more about the way they have responded to counter arguments and contrary opinions in the past (arguments and opinions that were then proved right). They have no need to apologise for being continually wrong about CEG but their conspiracy theories, accusations of bad faith and far worse? You would think that at some point they would feel slightly embarrassed by those behaviours. As should those on my side of the argument who stoop to their level, like Irene Krapp (I filtered her a long time ago and when I recently removed my filters to keep an eye on Starchild, I found that she had thankfully disappeared).

The worst thing I have ever called anyone on here is a ramper.

I guess it is possible that the license could be extended - I have never suggested otherwise - but if a major farms in I will happily apologise for having suggested that was rampy nonsense.

Saints88

It also shows for LBPSW. Still don’t get why folk aren’t more interested in LBPSW.

Saints88

It also shows on ADVFN.

Starchild

If it becomes clear that the Bahamas are a completely busted flush for CEG (which certainly appears to be the market’s view), will you apologise for all your posts suggesting otherwise?

This guy?

https://uk.linkedin.com/in/joshua-rowe-33195011

SvS

I’m with you. I would rather talk about CEG, but until more information becomes available there is not much more to say. I am happy to leave them to their argy bargy in the meantime. It is also becoming difficult to get sceptical posts to stick - they mostly seem to self-destruct in Mission Impossible style.

I expect that the FY 2020 results will not appear this side of the S2 result, which is probably for the best, but I do sometimes wonder if the BoD are missing a trick by not giving a current production update to steady the ship (as best you can steady H.M.S. CEG). My working assumption is that this is around 450bopd, which will be worth more than it used to be with WTI close to $70.

Today at least, Nano One won. But it’s all basically win win.

https://matthey.com/en/news/2021/nano-one-and-jm-joint-development-agreement

Buy JMAT or is there more money to made buying this Nano One outfit they are now in bed with?
(Disclosure - I have a shedload of Nano One)

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?

Starchild

How does the $85m gross become £25m net?

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?

in4cedros

Are you a shareholder too?

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.

Kevin55

“Just wonder if they can produce 1500 to 2500 bpd by year end.”

Don’t wonder. There is almost no chance of that.

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.