Member Info for TerryM1

Trisor

"If he gets this right, it’s boom time because a strong US means a strong UK."

Whether he gets it right or not it is situation that had to be dealt with for the good of the USA, whether it is good for the UK depends on Starmer. If he spends his time strutting around showing off with leaders of countries hit a lot worse in some vein attempt at solidarity and retaliation (as he is now) it will not end well for the UK, if he gets a trade deal and we can be the first happy days. However I think he cares more about his international image in the EU and the rest of the world than the people of the UK.

Jake1981

"Do Serica have a bottomless bucket of cash ?"

No, gave that away in the tailwind deal but they now have an almost bottomless junkyard of old/broken kit.

DennisThePennis

"I think the best course of action would be for UK gas producers to stop production and give this useless government a wake-up call. That might be one problem solved"

Or just do as other successful O&G companies have and move abroad, with Ed Milibrain and the rest of the Labour ideologues very little if any chance any O&G company will prosper in UK.

Trisor

Good info, explains the situation very well.

GoCPI

One thing that is coming out of this is that it is far easier to throw around insults than answer questions and deal with the facts.

Not twisting myself in knots, just keeping it simple and to the facts.

Like it or not tariffs were part of the Trumps manifesto, it is a fact, American people voted for Trump in a large landslide, fact and therefore the manifesto.

Please tell me how you know so much about what the American people think, have you surveyed them?

If they did not like what is happening Trumps poll rating would be going down and the democrats rising, it is not and the Democrats has fallen very badly, fact, again why do you believe American people are against the tariffs given this fact or are they all numpty economically illiterate shallow heads?

The main difference between tariffs being put on USA goods and those imposed by the USA are the tariffs on USA goods were put on bit by bit by many countries over many years when they found they could get away with these. Trump decided enough is enough and retaliated and put these tariffs on all in one go as the first move to put an end to this situation. It is a fact there are huge tariffs on USA goods far more than on goods imported into the USA. If you disagree please tell me why this is not the case?

The result of all the tariffs on USA goods has created an unsustainable trade imbalance where huge amounts of cash are flowing out of the USA, how would you fix this? The only other way I can see to fix this is to ban the import of goods into the USA, would you prefer that route?

Another result of the tariffs is a huge investment in industry in the USA, companies from all round the world are moving production into/back to USA, fact. Even you must admit this will result in lots more jobs and taxes paid in the USA, not good for us or the rest of the world but good for the USA. If you disagree please tell why this huge amount of investment is bad for the USA?

One of the huge new investments is chip factories being set up in the USA not only giving a boost to the USA economy but securing Chips for USA use. Think back to just after Covid lockdowns when new $50,000 cars we stuck in storage because they could not import a $500 chip. Does this not benefit the USA?

You can chose to ignore this, throw insults around or answer the questions and deal with the facts, it is up to you!

"Indiscriminate tariffs are a shiite way to take back control of your economic"

So tariffs put on by Trump are Indiscriminate but those put on by China, India, EU etc are not Indiscriminate but fine, in a nutshell tariffs put on by left wing governments are good don't inflict pain but ones by right wing governments in retaliation are numpties and economically illiterate and inflict pain on their own citizens. Trump was elected on a clear ticket to do this so I guess democracy is also for numpties and the economically illiterate where totalitarian regimes like China are allowed to put as many tariffs and regulations to stop imports while coping everything, breaking patents because they are not Trump, not democratic and are not right wing.

I see GG been on the sauce again, as predicted earlier the drunker he gets the worst his insults.

DARKBLUE

Well said.

DARKBLUE

Sometimes that is all we have.

JC01

It is difficult to know what has triggered the drop but there are at least 3 factors, the one I believe is causing the most effect is OPEC+ unexpected rise in production and the other 2 are Trumps tariffs and Chinese retaliation. Not sure why the tariffs would bring USA O&G prices down as the tariffs will mean more is made in USA so more energy required and where Oil is a global priced Gas is local so if anything will work in favour of gas.

The trade war was triggered years ago by many countries putting tariffs on USA goods and regulations to make it difficult to import while getting away with it, Trump wants to put an end to this and was elected on doing just this, you can blame Trump but the America people voted for this. America could not keep haemorrhaging money because of trade deficits sooner or later it had to be dealt with. The western world outside USA cannot understand what is happening, a western leader keeping his promises and doing the best for his own people unlike our lot's WOK view of the world putting everyone before people from your own country. However take a look at the EU 39% tariffs on USA goods and lots of regulation to hinder USA imports, look how they deal with poor African countries that can fight back, this is why these are dropping the EU and going to China.

One thing we do know is this is working for America, more investment USA industry since Trump in office than the whole of the Biden's term. JCB a British company just today stated it will be increasing investment in USA while at best no new investment in UK.

This is not the end game but the start of a set of negotiations, it has been said the USA cannot negotiate without these, any country they try to get a free trade deal with will say I don’t need one as USA tariffs already very low so why drop ours, not any more. If Stamer was looking after Britain he would be the first in the queue for a trade deal but he is off talking to other leaders of countries who are much worse effected, just wants to strut around the world stage showing off.

This is a bad situation for all of us here but the American people like it although Wall Street does not but they are a sperate breed, Trumps poll rating virtually unchanged but demarcates in the gutter so one way or the other stuck with this for a time, probably a very long time.

The real question is why is DEC dropping so much, could be as stated Rusty off on another buying spree or perhaps just a fragile SP with lots of share overhang caused by our Trusty Rusty, should soon know.

Savage_KeyboardR

Should have added If you would like to check the PNN board or SVT board you will see I have just taken my last set of profits for the financial year by selling my SVT holding which went up as result of this ciaos so don't have to wait until may. This is something you need to learn, do you research on a number of shares, spread the risk, it is not all about one or 2 shares or machine gun posting rubbish.

AlexHodler

It is always useful to hear alternative views and get information from people who know much more than myself.

The point I was trying to make is that a reduction in oil price will lead to reduction in oil production so a reduction is gas production which will help gas prices or just partly offset the fall, as I say I an not a expert (far from it) in this area but relying on what I have read.

Savage_KeyboardR

I have many shares, a lot of REITs and ITs either winding down or being taken over which I have been investing in for a time for this purpose, at present just waiting for the cash from AGR, BBGI and HEIT to come thought, may not be by May but a few months after when I hope more of these investments will bear fruit, recently got cash from takeovers of TELL, BCGT and API almost gone all nice profits. I researched these while you are researching and posting on shares you have no interest in.

For once I agree with Rrb1981, this could explain the SP drop far more than would be expected in these circumstance.

Would not surprise me with $440m burning a hole in Rusty's pocket and that acquisition itch to scratch.

"Look, I get it you've been sold down the river"

For someone sold down the river I have done very well over the years from investing without the need to tell other people what to do and they are getting it wrong when they clearly did not. Look at the facts not a biased opinion based on little experience, knowledge, hubris and know it all attitude, gone on double down on VOD, spend you time posting on shares you don't own or want to own and see how much money you make.

Savage_KeyboardR

This is not about " oversimplistic economic logic" it is about experience and flowing the market and shares over many decades helped by working for investment banks and going to trading clubs.

AlexHodler

I am not in the business so are reliant on others for information, the question is are these articles wrong when they talk about gas as a by product of oil. Most of the ones I saw were about expansion and how it would lead to more gas production.

Savage_KeyboardR

They are so utterly clueless as investment and companies are flocking to the USA, just look at the facts as they are not how you want them to be.

I am am a loser from all this but I can see the logic, a level playing field. America can no longer afford the cash outflows of these trade inbalances, this is the real world.

AlexHodler

Are you sure, I have seen a number of articles stating this, are they wrong?, does not less oil production mean less gas as a by product? it used to be flared but that stopped a time ago as far as I know, ESG etc.

"Lower oil means lower gas prices"

Not necessarily, low oil price means less oil production and less gas produced as a by product, this one is very difficult to predict. However lower oil prices are not to do with Trump, it is OPEC+ ramping up production.