Member Info for senseman

can anyone enlighten us further on the market maker question?

Dickbat
thanks, now locked in my braincell for ever. am sure others also appreciate
If and when you have time - a further question am sure all would appreciate answering if you can (or also anyone else if minded). Namely:-
Who (people) or what (institution) precisely are or form the 'market makers'? And how do they function?

i see. so in short - at high demand time market makers caught with knickers down without enough ready shares to complete a big buy or sell order and still get their wedge - so pause the market till they get enough to do so, plus a few more to open the market again with a spread large enough to get their wedge once it reopens?
have i got it right

putin lapdog defence minister lavrov press conference live from antalya 'peace talks'
sky news - 'why do you say the world is flat, not round?
lavrov anwer - 'because it is. mr putin explained why and we have many examples to prove it. why don't you listen?'
sky news - 'may i ask a supplementary question?'
lavrov - 'no. you may not you have got your face on television, which was your goal. next questioner please'

i feel sick

My sole book on shares is '100 Baggers' by Christopher Mayer. Paperback likely now 5 quid used on ebay.
There was a US multi billionaire who started buying buying shares in the mid 1900's when he was 20odd and a clerk somewhere and you got certificates and kept 'em for years, he wasn't a trader and stuck the certificates in a tin. when buying he used a few common sense parameters (set out in the book). he limited himself to 2 or 3 companies a year.
he sold his shares in one or two companies when thy made the papers going upwards but kicked himself when they kept on rising. to stop himself repeating, he buried his share box at the bottom of the garden and allowed himself to open it once a year - it was such a hassle for the common man to sell shares in those days, he also couldn't be arsed.
over time he saw that if he kept shares for 10 yrs, many failed, some he got his money back, but small proportion were 10 baggers and one or two 100 baggers.
even when a billionaire he never changed 10 year rule strategy. he never had a huge portfolio and after a while only allowed himself to buy a new share when he sold an old one (at least 10 years)
the book is worth a read simply to see reinforced the mantra - patience, ignore noise, fundamentals triumph, don't trade, don't sell.

i recall someone (maybe ADUK) posting unplugging cost circa 25 mill if can be done. serious money and hassle

gazelle - please can you explain what being in auction means? am sure all would appreciate. like many, i see it written and can never be bothered to find out
i agree 0161, just wish had 10K
the war, however long, is temporary
the real impact is russia will not be trusted for years if not a whole generation and west must become energy independent - high brent will stay as the demand supply equation will harden due to last 7 years exploration underinvestment

anyone any view on how today will go? apart from not having a clue (me), maybe uptick back to 10?

yes, and iran talks not going so well as of 2 days ago

i don't like the UAE - increasing production
https://www.bbc.co.uk/news/business-60680787

https://simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares/news/heres-what-hurricane-energy-plcs-lonhur-shareholder-ownershi
golden- here is link. it's in para 'General public ownership'. Surprised me was only 12%, knew it was smallish but thought was more than that. it's me which termed it 'free float'. means 12% total, not 24%

From 'SImplyWallStreet 22Jan 22 (private Investors hold 12% of HUR shares)

'General Public Ownership
The general public, who are usually individual investors, hold a 12% stake in Hurricane Energy. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.'

There is small (12%) 'free float' HUR shares available. There is no evidence of any fund or institutional investor selling down HUR. There has not been for a long time. Unless stupid, they will be awaiting the HUR news flow. This tells us that today's sellers are PIs. It also shows how much control PIs currently have over a 'small free float' SP. So we PIs have only ourselves to blame for today's selling. Whilst the the endearing moniker 'people should do what it best for them' is always true, it is a worthless platitude. Those selling at 11-12p will feel smug, those selling below 10p will regret doing so. If the point needs to be further proven here's a good idea - let's all sell our shares and crash the SP to 5p.
Talk about headless chickens!!

On another note - a shed load of posts between 11.30ish and 2ish have disappeared - anyone know where and why

Kami & Co - I fully agree, and hope my war cry is interpreted in the right war. It's underlying message is not to be seduced by market makes who will try to pull SP down with usual rinse and repeat tactics. Limited selling will restore confidence in HUR & remove it from penny share mickey mouse ' play with me' territory. Restored confidence is essential to HUR going forward

https://oilprice.com/Energy/Crude-Oil/Is-150-Oil-Inevitable.html

Cebo - I agree CA won't buy HUR, no chance - target will be oiler or equity firm reversing into HUR. Were I RB, I'd be waiting 3-4 months whilst sequencing a few more secure building blocks, then I'd be on the phone to BP or Shell etc. If don't ask, don't get. Odds are it won't work, but so what. Like you, I think mid tier or private equity. I think private equity most likely - but only with 2 baddies gone and fully aligned BoD

Hugely symbolic - will be noticed by tv watching older Russians who queued all night to visit the first one opened n Moscow.
Hugely popular chain throughout Russia - will get even diehard Putinites talking

It is not past last reserves assessment - which stated OK till Feb 25 minimum - with higher Brent economical till 2026 on do nothing further basis
Lucky go back to sleep

notrac - quite agree. but reading rubbish rarely wasted - helps the analytical process towards consolidating what what believes to be more accurate and valid

https://www.fool.co.uk/2022/03/08/whats-going-on-with-the-hurricane-energy-share-price/

maybe SH with oil experience can enlighten us? the old Bod tactically started the P & A procedure a few days before june 21 court hearing - they did so in order to be able to support their argument that LanFax had no asset value (and their substantive argument that SHs were already 'out of the money). I wrote to RB asking if CA Counsel could file emergency motion to be heard at start of hearing for work to be halted until court decided on scam-plan application - on basis that if scam plan failed, new BoD would not P & A but would tieback to AM. My understanding was CA Counsel unenthusiastic as wanted concentrate on crucial main issue and make easy as poss for judge to reject scam plan.
I think it difficult but possible - depends on skill P & A crew used in P & A technique. Have since read that sometimes easier/cheaper to drill new well right next to P & A well (on basis that you know oil will be there)
Whatever the details, new likely long tern high Brent profit prognosis would suggest worth revisiting the issue - $120 brent turns many cost analyses assumptions on their head
anyone know enough to enlighten us re pragmatics and cost of P & A the 10K well?