Member Info for thehickster

A day that doesn't end red. Might put some numbers on the lottery later.
Seeing as Henry hub is showing up 7.71% I would hope so too.
I wonder if the market will suddenly remember that DEC is hedged and so a rising gas price won't have much affect?

That's probably more to do with the price action. People not realising that DEC is hedged way over that for the next couple of years.

With regards to the 11k bopd hedging, I queried this with Mitch and he has said that it was existing hedging in place with Tailwind when oil prices were a lot lower. So he's saying that they haven't taken on any more hedges I assume.
Was this mentioned when the takeover was going on?

Not sure I could find the amount and date but assume it's going to be late May like last year?

Surprised are you Mitch in disguise or something?

How you are supposed to make any profit on selling oil at $58 a barrel in a 75% tax environment? Who on earth would have paid any amount of money for that, let alone nearly $20 a barrel.

NewKOTB what about all those billions of supposed tax losses from Tailwind? Thought that was the main reason that Serica bought TW for...... Do you mean we will be paying silly tax rates still?

Very tempted to have a punt on this. Been on my watchlist for a while.
According to ADVFN the NAV is around 34 pence. Does that sound about right ?

Dividend here now. Not long ago you were lucky to get that in a year in a savings account.
Surely just a little bit more patience required and we'll be fine.
Unless it really is being softened up for a cheap takeover ?

Is that blue I see or is it a mirage ??

As that'll stop the rise in its tracks instantly and cause a reversal. Good to actually see some blue though.

Got some at 99 p a few days ago and thought I'd done well lol.
At least I kept some back knowing that shares usually tank seconds after I press buy.
When to get another tranche though, that is the question. At an approx 15.5% gross yield at the mo it's all getting a bit silly imo.

Thought it was supposed to be carnage everywhere today. Was an American bank causing all the trouble as well. Why does London always follow the yanks down but rarely follow up?
Or am I reading it wrong and the USA markets have crashed as well...

Got a top today for under a pound. Never thought I'd see that again. Apologies in advance as it will now probably tank even further. Have kept some powder dry just for that exact scenario though.

Dennis the only thing that could save the deal was the tax losses. Unless they are going to be used to offset most of the tax going forward then it was an even more shocking deal. When you look at what they paid per barrel, the only way you could even get your money back was with tax losses, let alone any profit.

As I'm moving money from premium bonds into my trading account. Should be there tomorrow. Once I've averaged up with my top up then we can carry on moving up.
Amazing how little I've won on premium bonds since they supposedly upped the prize fund compared to before. I swear it's a fiddle. Same with other family members who have the max amount or close to it.
Approx 10 percent yield here is just too good to ignore.

Looks like the great reveal is actually the great flop.
Are they still able to pull the deal or get a big reduction in the amount paid ?
Surely Tailwind aren't keeping their side of the bargain now....

85% of 2023 production hedged at an average natural gas price of $3.63.
With Henry Hub just over $2.00 at the mo that's a pretty good hedge.

just over a 14% yield in a SIPP or 12% in a normal account once you've filled in the W8 form.
At least that beats inflation. If they were so worried about dividend payments I can't see why they recently raised it but then WTFDIK?

If there isn't some amazing big reveal then who, in God's name, would actually defend this so called deal?
On all metrics it was absolutely appalling.
Tailwind was barely worth the debt it was holding, let alone actually paying anything extra for it.
To give cash as well as 29% of Serica is just so insane, if there isn't some amazing surprise forthcoming then shareholders have been totally and utterly sh@fted.