Member Info for simonlevert

Don’t think accelerating debt repayment is an issue. They always said 2023 for debt free. Warning shot across the bows to UK government on further tax.

I’ve worked in equity markets with MM’s and there are several ways around any restriction which are frequently used. MM’s from different firms often socialise with each other out of work.

I think the EIG shorts front run comment is bang on

Anyone hazard a guess as to when we might get another TU? January 23 or earlier?

and #IGAS!!

?BBC lunchtime news specifically mentioned Lincolnshire and Norfolk as two of the areas where drilling licences would be “approved and fast tracked” #UJO #EDR. Fill yer boots!?

?BBC lunchtime news specifically mentioned Lincolnshire and Norfolk as two of the areas where drilling licences would be “approved and fast tracked” #UJO #EDR. Fill yer boots!?

?BBC lunchtime news specifically mentioned Lincolnshire and Norfolk as two of the areas where drilling licences would be “approved and fast tracked” #UJO #EDR. Fill yer boots!?

The global rig count from Baker Hughes does not lie - neither do the IEA

https://www.etoro.com/news-and-analysis/trading/investment-opportunities-with-energy/

The global rig count from Baker Hughes does not lie - neither do the IEA

https://www.etoro.com/news-and-analysis/trading/investment-opportunities-with-energy/

The global rig count from Baker Hughes does not lie - neither do the IEA

https://www.etoro.com/news-and-analysis/trading/investment-opportunities-with-energy/

The global rig count from Baker Hughes does not lie - neither do the IEA

https://www.etoro.com/news-and-analysis/trading/investment-opportunities-with-energy/

Eric Nuttall - Senior global portfolio manager. A recession has never caused demand destruction in oil and will not now - a slow down in growth maybe. Structural demand supply imbalance caused by a decade of under investment. The largest landlord in Germany telling all its 1 million tenants that they cannot raise winter heating temperature in their apartments above 17 degrees.

https://youtu.be/G9Q0Me8VO7Y

Eric Nuttall - Senior global portfolio manager. A recession has never caused demand destruction in oil and will not now - a slow down in growth maybe. Structural demand supply imbalance caused by a decade of under investment. The largest landlord in Germany telling all its 1 million tenants that they cannot raise winter heating temperature in their apartments above 17 degrees.

https://youtu.be/G9Q0Me8VO7Y

Jan Stuart, Global Energy Strategist at Piper Sandler tells it like it is. Gasoline inventories up because output was raised in response to prices. All US gasoline retailers report demand higher or same as per-Covid. Saudis had a very weak Q2 output and the extra 100k bpd is a rounding error. The OPEC+ communique specifically states supply constraints. Biden’s SPR release has had a material impact in dampening prices but must end next month.

https://youtu.be/URdTh7frKGs

Jan Stuart, Global Energy Strategist at Piper Sandler tells it like it is. Gasoline inventories up because output was raised in response to prices. All US gasoline retailers report demand higher or same as per-CovId. Saudis had a very weak Q2 output and the extra 100k bpd is a rounding error. The OPEC+ communique specifically states supply constraints. Biden’s SPR release has had a material impact in dampening prices but must end next month.

https://youtu.be/URdTh7frKGs

On decent volume. Some people at least have woken up to the fact that North Sea oil and gas is alive and well and making money. Profit increases from most operators will dwarf the WT. I also read global equity strategists each week listing energy as one of their favourite sectors for asset allocation for the next 2 quarters.

Hi Nordell - JOG is in my portfolio

I read with some dismay at people putting 32% of more of their portfolio in a single stock. As someone who has worked in fund management that is literally the definition of insanity. Go to the casino instead - you’ll have more fun. I’ve been around long enough to know that a sure thing is very rarely a sure thing. I’m sure Jimmy has amazing knowledge and I have 8% of my portfolio in CHAR, in part based on his analysis. Sadly a lot of things can go wrong on the path to riches. The Moroccan government has a bogus tax case against Sound Energy right now (I’m also invested there). The oil and gas prices will probably stay high which is a positive. I spoke to a green investor last week who made the point that why would Europe buy from Africa and exchange one dependant supplier for another. It’s a valid point. There is diversification of supply of course but there is also an imperative for Europe to produce its own energy and not keep importing. It will take years but don’t forget Chariot under best case is looking at end of 2024 - a lot can happen in 2 years. 55% of my portfolio is in oil and gas right now but also with actual producers in the North Sea who are making cash now. CHAR still needs to get FID, funding and super majors have committed not to spend on new resources. Maybe CHAR’s biggest customers will be African. This is not a dead cert so diversify your risk. Any abuse to this post from rampers will be ignored.

Interesting piece with detail on some of the supply challenges

https://uk.finance.yahoo.com/news/natural-gas-prices-rally-g7-230000593.html