Member Info for Stupmy

Oh good, oh what joy!

Https://thedafty.com/politics/ed-miliband-blows-800000-climate-change-money-on-private-jets-to-save-the-planet-from-private-jets/

Thanks Hunbah and thanks Stevo for that matter. Useful discussion.

Well Stevo's accountancy based on the recent past is also projected into the future for 2026/2027 so in that sense, thee's still a gap between Stevo's ideas and those of Cavendish for example (being the 41p target.

I was going to make the same point Frac. Obviously you view Stevo seems to be different from that of Cavendish. Do you have a way of rationalising that?

That's funny 'diplomatic overtures..'

To Trump, it probably is diplomacy!

He's already sacked the SEC woman who tried to investigate him and his wider family for insider trading (amongst other things). Be interesting to see how long her replacement goes before he gives himself and his family and presidential pardon and swans off into the sunset a very wealthy 'self made' man.

"and use our advantaged UK tax position and operating expertise to execute a material UK North Sea transaction".

Assuming the EPL will be significantly modified at some point to the advantage of NS oil companies, would it better for negotiations on this transformative transaction, if the EPL is not immediately removed. I'm just saying that as I guess that would increase the value of whatever it is that ENQ management are targeting?

Looks fine to me too, but maybe worth balancing this comment "I think the key stat is production in march is abpve 50k" with the output of 32,429 Boepd to end of Feb. I just say this as it's clear that it's not an easy business and projecting future numbers can be particularly difficult in the NS. Fingers crossed it's well received

They're almost at agreement already then Mike. Bit surprised that the POO is swinging around like the dunny door with the plague in town with such different views on what constitutes an agreement.

Gold, silver NASDAQ, US500, DAX, FTSE flew up and oil bombed. What has he said now? He's giving me a thromby.

That didn't age well Strike. brent at 97 down from 110. Can't see the news yet, but something appears to have eased

If the UK government did put a cap on profits, I assume it would apply only to UK profits? If that was the case, then ENQ would be hit disproportionately to harbour for example? Does that make sense?

Interesting piece Frac

If Trump does go for energy infrastructure and Iran responds by attacking energy infrastructure, I'd have thought that we would very likely be heading into a situation in which aviation fuel will become very difficult to obtain. If that happens and planes are grounded we're talking about COVID like impacts on airlines.

It's no masterstroke. If he pulls out, he pulls out as a loser and unless he somehow negotiates with Iran the problem he has started is going nowhere. The US will have to pay reparations to cover this total disaster from the US/Israel. I don't get the impression that Israel want to back down even if Trump does. The Houthis are the only militia that have the wherewithall to help keep the SoH closed. They appear to have suggested they are readu to support Iran in this endeavour. If Trump pulls out on the premise that the US is a net exporter of oil and it's now down to the rest of the world to cover his mess with dock leafs that leaves the whole world in a right old state.

Asartra, having a 40% SH signalling they want to sell the stock down is something to be concerned about. For the moment, the selling is likely dampening the rise related to rises in O&G prices, but 40% of our stock potentially on sale is not peanuts.

No problem, of course the importance of it relates to whether I was asking sensible questions of it. As with everything trading/investing, we'll have to wait and see what actually happens.

"In my mind, this in no way explains todays OTT drop. Weve known BASF were selling for a while so why get the sh its today?"

If BASF are offloading their holding, it's pretty clear that will damp down any price rises, but you could also be right Mike that the drop is more than simply the sales of shares. Consider that HBR is 8% down, but Enq is down 5% and BASF are not selling ENQ to the best of my knowledge. Both HBR and ENQ came off at what could be considered to be significant levels (close you eyes Sekforde) on their respective charts that also co-incide with a 10 dollar drop in spot POO. So maybe you're right Mike, there's perhaps something else playing into the drops in share prices. Could it be lifting of sanctions (you have to laugh) on Iranian oil? If that's true, is that part of a wider agreement to calm hostilities down now that Trump has 'won' the war? I know he has because he said he has.

Something does explain it Sekforde, this is the bit of the markets you refuse to consider. You deal with the fundamentals and do it well and in depth, but refuse to think about trading and human nature. I don't know what explains the drop (doesn't mean that there is no cause for it). I'm guessing, it's profit taking and for me a drop to 293 was always quite likely. I'm wondering whether that, now we've achieved that level, we'll move back to upside towards 333. That's simply a previous high, which marked out an area where sellers previously stepped in. There's a reasonable chance they will do so again if we get back up there. The selling from the 320 area coincides with a previous level of resistance (you can just view that as an area where sellers have previously stepped in; a supply zone). Those who took that opportunity have locked in a 28p profit and might very well be buyers in the near future. It's simply trading and human nature. It's not related to the fundamental (longer term) view for the SP in the currently geopolitical situation. But believe me there are reasons for these moves up and down.