Member Info for senseman

imprinted on my brain is each offload nets HUR profit of (if OPEX $35 a barrel - cited by CFO at AGM))
$30 million - at $100 oil
$35 million - at $110 oil
before EPL is applied (much or most of which can be offset against new drill P8 costs)

iran nuclear deal not looking rosy, if at all let alone by us mid term elections. no deal will be good for oil price
https://oilprice.com/Latest-Energy-News/World-News/Iran-Nuclear-Deal-Moving-Backward-After-Tehrans-Negative-Response.html

i disagree schlemmy. so he retaliates. joint western economies are stronger than his - that will be the essence. russia barrel productions costs rise every time sales hence production falls. he can only offer discounts to other countries to offset the oil price cap for so long before production per barrel costs place a floor underneath russia price

I don't see any fear on here. Peeps know SP is drivel and those with cash are buying more.
Bernstein will be worried re SP and will see it being result of lack of proper company comms and marketing - a long term trend disturbing us all

question - if offer made (whatever SP offer is), does one sell some or all, or retain some or all (if buyer going to reap future benefits and their SP increase) if it's take the money or shares in new company offer?

careful - quite agree both points
i separate the 2 issues
CEO is not a talker. but Chair is (too) smooth as oil talker. Chair should have been front of camera and phone showboating to marketplace HUR's new phoenix cash cow status (+ soon to be revealed 'forward plan'). Why didn't he? You and I would have. Lot harder to run SP down had company been front centre news for past month
Forward plan - EPL clarity awaited (I get that). Against that, P8 been on drawing board for now 18 months, Benefit of doubt to Bod. But doesn't justify deafening o beating of drums silence since bods paid and $89 mill cash announced.
My concern is safe-salaried zero-risk Chair, CEO & CFO are trying to 'wait-out' CA, believing CA fund dec 23 windup target may induce CA to 'cut & run' as time elapses. 'doing nowt' and we'll survive in our jobs intact historically works remarkably well.
But CA have been down such road before. Instinct tells me they may decide that, SP being so persistently damaged, any short term hiatus is better than further ignored prodding of bad guys. I bet the farm CA are NOT happy bunnies today.
My own view - better to get rid of all 3 senior execs - if not, minimum get new Chair with the balls to (a) make CEO & CFO act responsibly (b) properly promote HUR in media.

In no particular order:-

BUY, not sell. If in doubt, do NOWT

US admin will till 11 Nov midterms talk oil & demand figures down + lean on US industry writers (read last few days). Post 11 Nov (if not sooner) oil will REBOUND in style.

Last 2 days' SP fall either huge tree shake or manipulation down to help entity conducting CA share or HUR wholesale sale. Either way, CA will be FURIOUS. No Chair, CEO or contracted comms firm on podcasts or media features to capitalise on HUR's new debt free & money making machine status - wholly wasted opportunity.

CA fighting (& beating) Allied Minds BoD for a year, sacked some. Last week Allied Minds BoD RNSd proposal to delist/go private. Most unwise. CA give enough chances. If ignored, they ACT.

CA may view HUR latest SP shenanigins as being enough is enough for one or more senior execs. 'Do not pee on me and tell me it's raining' - once too often. Question is - to what extent would PIs support BoD upheaval NOW? Views please....

reminds me of famous louis dega quote to papillon......"my wife assures me that she and my lawyer are doing all they can to progress my appeal, and i expect to be released shortly"
ps. wife marries lawyer & louis enjoys 25 yr enforced holiday

dont be shy daltry - tell us who the overly shy poster is - the forum likes to know which bad guys are immediately giving the thumbs up to each others posts

wrong again, daltry
i asked for it to be removed because it contained a reference to jokey reference to russia which i thought would infuriate the 'no politics on here' brigade and i thought the forum didn't need another handbags
you'll get something right one day!!
but it's nice to have confirmation that there are at least a couple of you working in tandem.......), what tiny lives you lead..

usa midterms are 8 November so likely heavy usa price pressure downwards till then
unfortunately this means hur october offload price likely affected. true oil price wont show till nov. till then its usa v opec+

just realised can comment on simples drivel without him pulling posts, he can't read 'em cos am on his filtered list.
today's drivel - ca don't have the muscle to oust any of the bad guys

Goldman Sachs Jeff Currie USUALLY gets it right. Here saying GS maintain their 2023 $120 - $130 oil prediction
https://www.cnbc.com/video/2022/08/30/jeff-currie-says-hes-bullish-on-oil-amid-global-energy-crisis.html

Current gas price is $450 oil price equivalent. Europe industry gas users to convert to oil wherever poss. Increases oil supply pressure

Dalt - no harm no foul, already forgotten. For differing reasons I would also like to see us back to 45p or as near as poss. Most unlikely to get there. But where there is hope..

"Do you really think Maris cares a toss about PIs."
don't pee on me and tell me it's raining. just stop it, there's no need. it's tedious for all

Dalt
Errr....no, I don't. I was cheerleader pre-AGM getting all to vote him gone. And emailing the BoD our 10 top questions
Conveniently forgotten? Or just gone completely gagga?
I've told you before - wind it in and stop having a pop at me

hi golden
no. a couple of weeks before the agm the SP had bled to 5.7 - 5.8. this is what i took up with CEO, cos it had been 11 a while before that and by agm we were in better shape
his comments were generalised and he did not say what he thought true value was (to be fair i didn't ask). just that the bod knew what true value was and would adopt that in any commercial deal. to that end whatever the SP was at any particular time time was irrelevant. and the people cratering the SP at any time were PIs, cos they were the only one's selling, not institutions. he said that the industry (ie any interested party) knew the SP was well below true value. i said they may know, but they would not admit so in negotiations. mrs minder stepped in then and dragged him away
i asked both chair & cfo why no bod share buying. both said no legal requirement to do so. i said that was not the point & standard best practice dictated there should be.

extremely interesting - the common sense wider picture
https://www.youtube.com/watch?v=h-fdRlC7OHE

In conversation after the AGM's conclusion I put it to the CEO that unbalanced RNSs were at least partly responsible for a low SP which left HUR vunerable to cheap takeover or disadvantageous farm-in. He disagreed, stating:-
1. The industry knew the disconnect between HUR's true value and SP. In any negotiations, the SP was immaterial.
2. SInce the only people trading the SP were PI's, a low SP was solely the fault of PIs.
3. The BoD knew the company's true value.
I disagreed, for various reasons. One of which was that, even on common sense basis, any interested party would utilise a low SP as negotiating leverage. A low, disconnected SP provided unnecessary hostage to fortune. We agreed to differ.

Brent today touching $105. The link below (worth a listen) reflects popular analyst opinion that supply shortage pressure allied to OPEC+ intent on $100 price floor will see oil rise and remain +$100 throughout 2003
https://www.cnbc.com/video/2022/08/29/oil-demand-will-be-strong-in-the-months-ahead-says-kplers-matthew-smith.html

I am not as pessimistic as Dive. But I share his concern

Being placed on asimpleinvestor's filter list. One of the fortunate.

My previous same subject post and Euston's congratulations were removed (after 'someone' complained to moderator). One wonders how, if one is purportedly on someone's filter list...or is one really...??))
It seems leopards still don't change their spots. Definitely not a good look.....

pk - quite agree - all handbags at dawn already forgotten
Blue - you're a condescending fool to be ignored

euston - yes. apology - crowded mind. onwards & upwards..)