Member Info for unvrkw

No one cuts their cloth anymore, that came to an end in the 1990s, lease everything !!

I assure you all in good spirit and just putting a view across.

Correct me if I’m wrong, cfo and ceo aren’t made of money, their rich but self made through dec, built business and have shares but these guys aren’t massively rich and taking cash out eventually comes.

Granted I agree I’d rather they keep it all in and take more shares but likewise maybe it’s not a house but a new boat? Maybe his family now has expensive taste?

I thought rusty on the last update given on here was very good.

I agree but somewhat clearly leaning in one direction when you choose not to balance with ceo and share but back in anyway. I guess like all shares it’s what takes your fancy and risk profile .

Like rusty you have no idea why the finance guy is selling, I’m assuming he accumulated most through company scheme at little cost so it’s all new money, maybe he wants a bigger house, is the expectation they keep until they die?

The sp drips and the no. Conspiracy theories multiplies

I follow him closely, Luke is very good

I added too, 23k shares, brought my average down slightly. It’s clear the market, macro economics is a mess however I’m in commodities for the long, energy run. I’m in this for the gas simple, when demand shoots back again everyone will forget these comments on the boards

That is a substantial buy by rusty, done everything in that many questioned. Gas is at 1990 levels, recession is here and demand dropping until the heat and then winter comes back when we reality check

Has dec already got recession baked into price? Most stocks are down, some exchanges raised by a few which certainly isn’t commodities. If this divi can keep going, dec can manage through next 12 mths opportunity and sustainment then strong position once again demonstrated, who can survive with less liquidity??

The big summary is debt and energy. There won’t be sufficient energy and debt is climbing to massive levels. I’d rather be in a commodity based business that actually uses hedging as a fundamental in its model, many use spot price, we assume dec will and is struggling, watch the rest

When recession comes shale gas will start to close down, I think dec don’t do shale? We will then see energy inflation!!

Https://podcasts.apple.com/gb/podcast/on-the-margin/id1558223079?i=1000614293150

I agree and did you see the gov has refused to only tie up with Russia and Belarus. Strong buy here just a question of falling knife and when? Bought some other day, now holding as they are pretty much lowest cost producer

I also bought solar as an investment 10% return a year at least and the sun shines, energy goes up. No debt, hold tight and good luck everyone.

There might be a top off as yet before a big crash hence the current investment??

I’m starting to wonder with this liquidity crisis whether I should have done more?

I’m 50% cash, own seven defensive, divi stocks, some physical metal as I don’t do shorts or treasuries and I’m starting to think I’ve not gone far enough!!

Dec slides with everything else, choose your risk profile and see whether you can stick to it. I’m comfortable, just starting to drip feed monthly cash into some funds but I think the market correction everything to come is still double digits

I think their in saving mode no different to any other business as times are getting overall pretty hard as recession comes. The debt ceiling is one aspect, suggest less so and more general economic activity leading to current position and benign weather meaning no one’s calling for that extra gas

When the heat comes for ACs or this next winter we might see prices increase and then sp. This recession will see Shell any big commodity producers drop off a cliff, they still own the assets just whether the cash flow to keep going.

There risk because of price guarantees protects hopefully the divi, whether this much currently or just a divi?

Many are going to go to the wall, not long term due to oil and gas but because liquidity tightening has removed the zombie companies and everything that comes with it.

I read with debt ceiling comes improvements in energy project approvals which reps wanted, no idea if it helps

Miss interpreted, actual assets don’t collapse let’s say disappear overnight. People will always need gas and oil just who’s?

Yes but all assets? What assets arent going to collapse relatively at the moment so which do you choose? Are you in banking assets at the moment? Commodities? Housing? Or physical gold?

It’s clear assets, risk and liquidity is changing so choose your profile! US Is heading into recession, rig count in US also dropping but they’ve got super low reserves actual.

Everyone still has their bullet proof jackets on but head shot to come! No doubt dec will struggle, who is going to be left?

There’s a long way to go, maybe a Talley short term but overall down, inflation to remain a problem

In this time of high risk maybe different business approaches are needed for us to spread our risk?

Buy backs are a terrible use of a companies money, rarely does the shareholders get back the same value as spent on buying them. I’d rather they buy none and maintain a divi around anything above 10% yield.

Judging a company on them now not buying back isn’t reasonable considering all risks. It’s clear liquidity overall is different and higher, love to see how other energy businesses are doing with zero hedge and banks calling in their cash. I’d expect them to spend as little as possible and wait to buy more assets. Gla

If the business can’t sell oil or gas then yes it will have a problem, if this doesn’t then it has a business model of buying assets others no longer want, making the margin better, leveraging and having a guaranteed selling price in order to enable stability.

I’d say this business is pretty stable, assets don’t collapse over night, there’s always more to buy and good price guarantees are exactly that. The bonus is gas and oil prices are naturally driven higher by demand helping the margin too.

I don’t think this is anything like an Enron. I think the macro market is very tight, liquidity is obviously tightening in every field and businesses are struggling. Customers are too but one thing we know as people get poorer they’ll still use energy, oil to live. Demand continues to grow

Not to say there’s anywhere particular to hide medium term as recession arrives, economy crumbles and we have a pretty hard period. I think they’ll be one more big push up beforehand including dec, macro is the easy winner at the moment, can’t fight the fed!

Absolutely 24 onwards, I think we have a big dip at some point first