Member Info for TrekMadone

Txp - I am tempted with a bottom grab there Tro. I really think at t/o will come esp after Trin was grabbed. PB has made such a balls up of a great situation that investors would probable accept.

If it doesn’t get bought then a recovery next year to a significantly higher SP is pretty much unavoidable from 24p!

I just rounded up my holding on PXC and added some HEX.

Thankfully my bigger numbers are on LIO & DUKE where I seemed to have got the bottom and some big fat divi’s - for now at least! lol!

Usual caveats

Trek

Wsbn- ceo must have overspent on blackfriday sales! Another placing

Trek

Obvious POO link as I and others posted before.

Not sure I agree with his views on a share consolidation though…

He suggests a long on PTAL

Sign up then free to view

https://seekingalpha.com/article/4742482-petrotal-a-share-consolidation-should-help-this-big-yielding-oil-company

Trek

TXP sht show with more delays, but a traders dream if ya can get any at the bottom.

I’m still holding some as the story is in tact just gonna take longer!

Wouldn’t be surprised to see a takeover now, esp given how much they have spent on capex. None of it is in SP.

Usual caveats

Trek

No Dunder,

likewise on recent form I thought every time PB puts something out he decimates the share price! So I sliced some at 29.6p

I just didn’t sell the lot because I believed this time it just may be different as it would be impossible to fk up from 29p!

Now imo PB has really gotta go along with these NED’s.

I mean what on is the point of the NED’s let alone the CEO!

Can’t believe he’s wiped another 16% off today from what was already on its knees.

When will he learn, the SP is about buys and sells, not value at this level unless a takeover! And buyers need to see delivery!

He has done zilch to encourage buyers whenever he speaks or puts something out!

I would rather he just put us up for sale now, even for 60p which would be a bargain for a buyer with finance.

Usual caveats

Trek

The 25 exit forecast is sound.

Imo it’s the sitting around with inherent uncertainty up to the last two drills for 25 that’s the concern.

He’s kicked cas B into next year and there is no line of sight to the $10 capex requirement yet. All they have said is that they can use the existing lender but may not. Thankfully he has ruled out equity in favour of cashflow and debt.

Going on form will $10m be enough as I expect more delays and overruns. This BoD lost credibility with the Trin pipe dream and have now basically put out a holding RNS.

I will hold the shares I have and add on any dips. My expected 100p is still on but not until the last two drills.

Very disappointed that they haven’t started cas B and what looks now a longer journey, But I can wait.

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Trek

Russians abandoning Assad…

If true…

https://youtu.be/MeyEQXZbENA?si=FO71yG_Ae4XaAB2z

So Hez and Iran will they now fill the void if Assad and Damascus falls?

https://www.aljazeera.com/program/newsfeed/2024/12/6/syrias-evolving-war-shifts-balance-against-assad-regime-allies

What a mess, such blurred lines.

Trek

Seems to be turning. I have been thinking about adding more but my concerns are re the sunlight levels in November. It was a very unusually dark month. No idea how that will impact on results.

Don’t think we will find out until finals in June as interims only go to September. Just hoping it gets balanced out over the year.

Usual caveats

Trek

Defo not selling these now unless something unforeseen.

Seems like an age to get my price entry right and now at around 430 with the divi bagged I am well up here at last!

Trek

28.25 are buys, my 30k posted as a sell.

Trek

Meanwhile our biggest import expense by a country mile is for hydrocarbons.

Extra carbon footprint, missed opportunity of tax revenues, energy security and employment.

Also Shell are cutting back on wind investment, it’s not cost effective… Bloomberg today

“ Shell slows offshore wind spending, splits power business

Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy.

The changes are part of a company-wide review launched in 2023 aimed at reducing costs as CEO Wael Sawan focuses on activities with the highest returns. In many cases that has meant reducing spending on low-carbon and renewable businesses and increasing the focus on oil, gas and biofuels.”

Germany buying more LNG coz wind don’t blow

https://www.reuters.com/business/energy/germanys-weak-winds-trigger-record-surge-gas-fired-power-maguire-2024-12-04/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=120524&user_email=b2e8c97ccc6ddb76107c5b8c6d401963987d41317d2787d216d506bcf903729b&lctg=65d3a4d7962245101d037748

And then solar. November was a sht month for sunshine. Dark and cloudy most days…

https://www.proactiveinvestors.co.uk/companies/news/1060300/uk-wind-and-solar-power-generation-tumbles-on-freakish-weather-1060300.html

Then the 50% subsidies for renewables paid by us and then the 11 year delay to hook up to the grid. I posted before. I could go on.

And nom (tongue in cheek) it’s not a Labour issue, it was a Tory one. Labour are adding bells and whistles to a sht show!

Completely missplaced narrative led by eco warriors flying to the next tree hug!

LNG is the transition fuel until we sort out battery storage and grid infrastructure.

Oh an d UK plc can do it all! We are an energy autonomous island. How do we fk that up!

Politicians eh! Useless!

Trek

This sp volatility is the ‘bed’ of PB’s making.

Basically investors have absolutely no idea what to expect after the presentation.

20p or 40p. I think nobody would be surprised at either sp.

Instead of all looking forward to the event we have total trepidation. That’s what sentiment is.

Yes the SP could be 100p early next year and I am in that camp. But if it could be 20p in the meantime that would be an absolute sht show of a performance from the bod! And fear of that means many investors are positioning accordingly.

Value does not always out on markets. E.g London is cheap, keeps getting cheaper, like insurers with insane double digit yields. Why because it’s about buyers and sellers and that’s what we have here.

There is less appetite to buy because nobody knows what to expect next. And even long term holders like myself have reduced positions just incase.

I was a big fan of PB but actually I think after the Trin fiasco this is his last chance.

Anymore delays and he should go. A name change can significantly change sentiment and the SP.

It’s easier for me with a low average to call it how I see but the point is we need new money in and this is a big opportunity to do that given the incredible assets that we have.

I was led to believe we’d be drilling imminently! Let’s hope that is the case.

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Trek

Agree Johno, that’s one of the reasons I offloaded a few - like I said whilst there is liquidity. It’s often been NT to sell here.

I have been here since 13p days with a good pot and wished I sold em all over 120p. I still think 100p next year but I am concerned the cas drills will be delayed. If so I can buy the dip. If not happy days.

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Trek

I hope so Sturm,

I was 100% invested across my pf atm so makes sense for me to hedge a few here given past track record.

If it’s a good update I will buy back loosing a few shares.

Time will tell.

Trek

Well I just dumped 50k whilst there is liquidity here. Using my head as opposed to my heart I tried to figure when was the last time PB opened his mouth in the last two years and the SP subsequently went up!

I am hoping this time it does in which case I still hold some and can average either up or down or not bother. But at least I have options.

SP here is as much about sentiment as data and both are on its knees but that doesn’t mean to say it can’t go lower.

Would rather be paying more though!

Usual caveats

Trek

Good size NEd by £71k @80p

Trek

Here’s the gist my memory on the thresholds was wrong.

https://www.theguardian.com/business/article/2024/jul/03/eu-plan-to-impose-import-duty-on-cheap-goods-could-dent-shein-and-temu

Trek

Hi mick,

My point isn’t about physical presence. It’s about the importance of import tax on non domicile. Same goes for wine, clothes etc. level the playing field to benefit our retailers and it’s also an optional tax.

Missed opportunity imo.

Trek

Shein and Temu are volume cheap…and that is a result of yet another tax loophole which each govt has failed to close.

One where you can import up to from memory £240 without incurring taxes.

That makes it anti competitive imo for many tax domicile companies including the likes of BOO.

Hundreds of millions in tax revenues overlooked coz obviously someone else of whatever political persuasion benefits.

And quality is dubious, a friend bought golf gloves and binned them and another ear buds which were fantastic value.

Personally I wouldn’t download their app and hand over my data. Don’t use tik tock or x etc..

Anyways yet another opportunity to make tax fairer.

Trek

Out at 9am in case missed

Trek