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Something better than nothing, this has not been my finest hr or investment certainly
So what does this mean? good, bad? i guess any movement is now better than nothing, whether we ever get any money, our money back not sure.
The bit of interest was the interest payments, it’s changed, fed rates have changed, rates have changed.
the business model of leveraging guaranteed gas prices against the market to create divi makes sense it’s whether they can afford it
Https://youtu.be/ZGvu6M0qZ9s?feature=shared
worth a watch
Obviously you can draw a conclusion in any direction you wish, its impossible to know. interesting when someone leaves they actually have a succession plan and then share the promotions which is very unusual these days, especially to happen so quick.
is rusty putting "his" team that only does and says what he wants around him more or has the guy decided to change and move because he wants too? people do leave businesses obviously.
two years from now when oil and gas prices are busting through the roof and this may come sooner i think this will be forgotten. dec is an energy play for me.
The saudis are going to sell cheap oil any more, that’s not their role, why sell cheap oil for dollars that depreciate quickly.
the west decide! going fossil free by all means but some one will take it and they’ll pay. cheap energy is finished
I sold a few in aug, hold a fair holding and this looks now to be through good and bad times this next year or so. i believe copper will have a fantastic decade so no problem continuing to take a reasonable divi, chance we get a great announcement upon a new mine and the overall future is rosey
Texas has high elec prices, going through the roof. number rigs in the basin is dropping by some of the highest numbers ever. strategic reserve very low, russia and saudi reducing output, oil climbing.
going to be high demand, lower supply, higher prices. with recession coming no better, secure place to be
Shale is going out of business even as oil and gas prices rises. used cheap money to drill and produce, demand will never come down, going only one way so buying more assets obviously at a deemed good prices is well worth while if the debt is managed. I'm in, steady and happy to ride this period out. with recession, liquidity and highly leveraged equities and economics coming to a dreaded end i think energy stocks relatively will be ok
Everyone is now looking for tax, country wide relief to keep everything going in china, US etc. the economies are great, equities are ahead of actual so they all want relief to spur the market onwards. japan, eu, china all in trouble
As we watch the numbers start to come through showing the economies are starting to fail further markets go up as everyone sees the QE numbers coming. i'd say recession is now certain, does oil drop or go up in recession? its more than possible it increases as peak cheap energy is gone, demand continues to climb and recession even has less impact let alone a hard winter. so energy remains positive next couple months max before everything into 2024 starts to fall over. even expect dec to climb, good divi in the meantime
Oil consumption is booming, shale oil is collapsing even with the price pretty high due to liquidity disappearing. i think gas and oil with drive higher, recession or not the price of energy doesn't have to, wont drop lower and without shale inflation comes back.
i might drop out of copper more, iron ore more as this demand, price does drop but i'm staying in oil and gas and tempted to buy more. as inflation starts to reverse back up, oil shale in US starts to turn off we will see increase in prices full stop
Couldn’t agree more, top slicing is very worth while. at least a divi helps but true is still difficult against a very large sp drop. the utility, general gov investment will be high, they’ll increase anything to support infrastructure, productivity as we try to reduce debt. costain have conquered inflation by working out now how to pass it on
I think it’s highly unlikely the business will get taken over by gov, they need as much external investment from over seas as possible and snatching this won’t help nor how can they then fund
fxpo has stood by gov throughout, they’ll be encouraged and supported all the way back to full production whenever the war ends