Member Info for Stupmy

POO seems to be recouping some of it's losses. I think people are assuming reasonably that the drop in SP of a number of companies in the Oil sector is due to the retrace in the POO. For HTG it could be hiding something else. Obviously they are doing very well, but something is troubling the market. Could they need to raise money to expand at a time of plenty? I have no idea, but it still looks likely that the SP will drop to 202 or below. I know that sounds mad and I have no idea what would cause the price to drop back, it's just what I see at the bottom of a tea cup.

I live in France currently but move around. I remember those arguments and would have said they were very much in vogue in the 70s and 80s. Nuclear technology has advanced since those times and if we build mini-reactors now, you'd hope that we'll have greater understanding/control over the difficulties. In France the widespread use of nuclear power has been continuous and although there have been a few accidents and the French Atomic Energy Comission ' has concluded that technical innovation cannot eliminate the risk of human errors in nuclear plant operation' the public has been largely pragmatic about this issue (to the best of my knowledge). France is now set to benefit hugely should nuclear energy become a more significant part of the domestic energy production of other countries as it has remained at the forefront of the industry technologically. We still have to consdier disposal of nuclear waste. France accepts the waste from Germany to process it and 'make it safe' , but Germany doesn't want it back once France has completed it's contractual obligations to Germany in this matter. Quite funny in a way.

For the wokery etc, I'm very much in favour of demonstration (it has 'demonstrably' led to positive change in many areas) and am even in favour of arguments related to wokery, although I think they should be part of student life where our young people need to learn to debate and decide. I remember watching a debate about whether Freebird should be removed from the Juke box and replaced with 'My Way' by Sinatra and oddly enough can see it was an important debate for the next generation of politicans etc to cut their teeth on. I'm less keen on having nonsense rammed down my throat in my day to day life and as far as wokery goes that's largely down to the media.

Minecheck, it's what I've been seeing on my visits to the UK and I agree, I don't see that else where. I do think thought that everything changes and this will also change. Maybe as this generation grow into better paid, more powerful positions with more responsibility and have to make more and more compromises with respect to idealism vs realism. Maybe that's it. One thing that strikes me as very similar and from the recent past is the arguments about nuclear power that raged 40 -50 years ago. At that time you'd have been given short shrift if you defended nuclear as you get now if you attempt to defend fossil fuels. Now, it's going to become an essential part of our energy mix again (France still generates 80% of it's electricity from nuclear power).

Human nature interests me greatly and at the base of that is 'self-preservation' , because of that, over time people will give up their idealistic views and seek a realistic and responsible way forward.

Clued, I touched on this previously. I spent some time recently talking to a few intelligent younger people about these issues and they were very clear and unanimous in their distaste for fossil fuels, excessive profits by OandG companies and were unthinkingly supportive of other green issues. They had not researched it on the whole, did not understand the timing of the transition and their view on excess profits was based on huge mulit-nationals and headlines. They had never heard of HBR or ENQ, knew nothing about the NS and almost without exception made zero effort to change their lifestyles. It made me angry to be listening to the rank hypocrysy. But, I have to accept the world as it is and I don't kid myself I can change it. I did try to argue that JSO were not doing anyone any good, that time was needed for transition and that oil would be part of our lives for many years. I argued that if we kill the industry in the UK, we'll import the oil and that will actually be worse environmentally due to the cost of importing and in some cases the standards involved in production and decomissioning. I did not get a single person to change a single bit in their entrenched view. A view based on headlines, a view that was demonstrably hypocritical. They just looked at me as if I was part of the problem, rather than the solution. You can run with how you'd like the world to be, but sooner or later you will have to start thinking about how it actually is.

I did wonder openly on these boards about that at the time of the imposition of the EPL, whether it was in fact legal. Very interesting.

I don't need convincing Kokomo. But the government will do anything they have to for votes, not for a common sense approach to energy independence or energy transition. Time is the key factor here, on many levels. The government doesn't have it and will be doing their best to change the polls in their favour. In this respect Starmer may very well help them out, but changing the EPL will alienate a large swathe of the younger voting contingent.

When you talk about an important juncture, that could mean different things to different people, my understanding from talking to the younger generation (millenials or thereabouts) is that they are firmly against fossil fuels. They're unswayed by arguments that in anway mitigate the basic idea that we're damaging the environment and fossil fuels are bad. They support JSO and their indiscrimate demonstrations. How can an unelected prime minster on a very short term 'caretaker' role reduce the tax burden on fossil fuels without losing voters as he moves towards an election that he's widely believed to be about to lose. I'll go for no change or something very moderate at best .

I think the price action is looking very encoraging. I think it's entirely possible that we've just put in the 2nd phase of a double bottom. If that confirms by a close above say 17.25, it could signal the start of bullish period for the ENQ SP. I added this morning.

FWIW, I'd say it's an important vote of confidence in CPI and it's management also. I'm guessing that the muted SP response relates to the detail of the agreements and also the timeframe for delivery. With long term contracts, much can change over time so the detail of those contracts becomes very important.

It seems the close only dealing situation on Foxt has been lifted. IG Markets now allow buys and sells.

I dropped 10% also around 500 on a limit I set a few days ago. I think the SP is likely to move up to 535-540 in the near term, then probably up again to 550 (probably on their results on Dec 6th). At 550 I think it'll make a decision on direction. If it decides on the upside, then 620 and even 632 come into play quite quickly. Interesting times.

It's often the case that a high finish one day, leads to further gains the next market day. I think we'll see further progress. I'm actually above b/e now for the first time in a while.

I'm watching with interest. Looks like it wants to close the day high after a period of consolidation. Possible push up next week? Still shy of 500 though.

Miles, just for context and in case others aren't aware

https://orcadian.energy/operations/p2244-pilot-harbour/

Clued, are you sure about your statement regarding 'China showing resilience'. Looks like it has passed the point of no return to me.

Looks like a rinse and repeat of Aug 25th and Sept 07. There's a good chance the drop here will finish above 221. I've been buying and will continue to do so.

Well, I explained my rationale yesterday for dropping my leveraged positions and to be honest, I'm stunned that the SP has indeed fallen back. POO dropped and I guess that's enough, spot oil, not expectations for future prices. Very surprised that I'll be buying back on leverage. Really thought it was a speculative move with a limited chance of success. As I said, mostly just management of risk

Oil is coming off WT, but HBR continued to rise. However, from a trading perspective I get you're point. I closed my leveraged trades at just over 241 (limit sells). I have retained the shares that I bought over the same period. Just a management exercise; if it goes down (entirely possible we see a retrace in the near term) I'll buy back, if it goes up, I continue to gain on my shares. Over time it looks like a no brainer that the SP will rise and since that's my view I have no qualms about holding onto the shares for now. I've no sign that it's time to sell, but speculatively I had 241-243 as a potential point at which some selling might drive a pull back.

GLA however you play it.

Martinen, I can't believe that this has been handled in such an inequitable manner. If it's not illegal, it should be.

I like tradingview but have to say I don't understand the chart Stix, at least it would appear that there's a rationale to it.