Member Info for TrekMadone

Buys above the intraday UT trade is often, not always but often a good indication of direction of travel.

Hence I added a few this morning over several trades. May offload them, may keep em. Undecided yet.

HE1 has been good to me. But whatever I decide I am sure carrying some through the next drill!!

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Trek

Got back in early at under 460. Just bagged a 14p ‘divi’ on that trade and started to put the profit it into HE1.

PHNx just keeps giving!

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Trek

5.44 is also a buy.

Trek

He1 wide spread, low vols and buys now above early UT price. May be a clue.

I think it will move above 6 v soon.

Grabbed some to trade some to hold.

SAV….. we no of no reason…. Watch that one for a bouncer. Not yet though Tro. Let us know when it lights up cnbc. Could be a silly 1p to 2p that one! Beer money job though!

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Trek

6p close today or v soon. Stands to reason really. We will reach the placing price now volumes are low as most of the shenanigans are now out the way. Then for a reset and folk kicking themselves for not buying below 6 when all the evidence is sat in front of them!

Especially the majority that telegraphed buying and selling into the drill! Those that thought a mechanical delay was the end of the world and those who think the BoD are directed by aliens!

You really couldn’t make it up! Lol!

Loaded!

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Trek

So the market went up with news of an economic slowdown with inflation and bond yields coming down. Meaning rates are on hold.

Now the market has gone down on the same news!

Mmmm

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Trek

Was NT for +10k at the bell. 61p to buy yet price was meant to be 58p! Hardly an overhang!

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Trek

Matched by buys as well though. 51 trades so far is a lot for us!

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Trek

Took a bit of profit at 474. Still got plenty in. Gives me options!

Trek

‘ LONDON, Nov 2 (Reuters) - Chevron (CVX.N) is negotiating contracts to supply liquefied natural gas (LNG) into Europe for up to 15 years as buyers expect the region to rely on imports for longer than previously thought, an executive at the U.S. oil and gas company said.

The new willingness by buyers to agree on long-term supply deals comes after several European governments rolled back some green policies citing higher costs and economic concerns………’

More…

https://www.reuters.com/business/energy/chevron-talks-15-year-lng-supply-contracts-into-europe-2023-11-02/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=110223&user_email=0efa77677d2d65a2fe4b05824505f7fba5f55c0591a064d919c6eb8f89f42661

All adds to the bull case.

Trek

Good find MrB!

Marlborough bought in. They figure another $500m of asset sales to come. Must say I didn’t expect that on the shelf!

They also like the longer it goes the more debt is paid narrative that I and some others have discussed before.

I am in the blue now for the same number of shares. Will see how it goes from here.

Like Gav I added a few early doors. Only a ‘small’ amount as had to sell elsewhere first but it’s netted out better. So far at least!

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Trek

DEC what a move on Fed dovishness!

And still yielding 19% with xd due soon!

Blue at last but flipping heck it’s been hard work!

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Trek

Pesky MM’s have taken stock off punters in the 60’s and now telling them on low volumes that they have to pay 70p to get it back!

Likely new money is good money here!

This could be a good day to buy back stock if the objective is to lift the SP as buys could have a disproportionate effect.

My last buys are well blue now but I think like 4kandles this has more legs in it.

If the SP settles above 70p buyers may then return viewing the technical position as recovering from oversold.

It’s only been one day so have to wait and see.

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Trek

I had a double bottom below 70p. Didn’t get it exactly right but good enough.

Fortuitously the chart and macro comments below coincided.

My bets on SEPL and PHNX are also now looking good providing +12% income from just 3 companies.

SEPL could get an acquisition lift soon. It’s ops outlook is fantastic. PHNX imo has been completely mis priced by a market that has not comprehended its inflation hedging.

DEC well we know all about this one and whilst the risks have far from evaporated the Fed news has hopefully bought us time to the next set of results which should fingers crossed provide another sp lift.

US futures are up again today with nonfarm payrolls, the unemployment rate and hourly wages for release on Friday. Those are the next biggies.

Later today we get jobless claims, labour costs, productivity and factory orders. All could justify the rate hold position without decimating the economy.

That’s about as good as we, DEC, can hope for atm!

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Trek

Double figs rise today?

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Trek

Indeed the plan is to up production with new wells. That also derisks operations and improves cashflow significantly.

Look at SOUC today, thankfully we are now well beyond that scenario!

Once we add a couple more well then exploring we shall go! All primed and paid for!

I know we all try and picture a stock and it’s operations 3 and 5 years ahead. It’s all part of the investment psyche. But few conjure up as clear an image as TXP!

Once we get going it’ll be a steady climb back up!

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Trek

Fed dovish, rates on hold, us jobs much lower than expect. BoE likely to also hold. Even calls here for a cut.

Should be a good day today. I now only need less than 20p to go back to blue on my holdings here.

Bring on a Santa rally next! We could do with some luck!

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Trek

I don’t know about 10% Gav at least not yet. But it’s interesting to note that after clearing some earlier sells the SP has moved up somewhat peaked up by 1.35p as I type, now up .95p

It’s at least for now following the interest rate narrative that I have purported. I only need a tad over 70p now to be blue again and can then reposition from there.

This could go on to the mid 70’s in the run up to the results and then even beyond if the prod and debt glidepaths are favourable. That would be an incredibly substantial yield at this SP!

After all that they have done to attempt to support the SP it’s the Fed that has given us a lift back up!

The market may just take the view that no more hikes = DEC’s model is affordable.

Rusty will know full well that he has to make that next set of numbers do the talking! An updated amortisation guidance could give a significant SP lift putting us back to a paltry 15% yield! Lol!

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Trek

I always thought that if the test results and or well mechanics were crap then you just stop drilling and wasting more money.

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Trek

That’s interesting nom…

I use this site for etymological explanations of words. It really helps especially for those with roots in Latin.

https://www.etymonline.com

And well done ATISHA for already knowing! Especially for really knowing and not knowing in terms of familiarity or assumptions.. Does that make sense.

Whilst teaching today (hobby, I am not a pro!) whenever I use ‘words’ that I think people may know but I am not sure that they do know I ask an open question.

Today I used the word ‘allegory’. Not posh, high brow or particularly erudite and yet when you ask folk to describe what it means you’d be amazed!

So how can you talk about allegory if you don’t know if your audience understands what it means!

How do you check without embarrassing anyone.

I asked an open question and then basically filled in the gaps. Standard stuff!

Then one explains the difference between allegory, metaphor and idiom! All words you’d think, students would know.

But they are all words that folk thought they knew and yet couldn’t describe!

So well done those who actually knew what ‘doppelgänger’ meant coz o didn’t have a clue!

Perhaps I was ‘barking up the wrong tree’!

Is that an allegory, idiom or metaphor? Lol!

No Trek you just have a weird SOH!

Peace

Trek