Member Info for Wulbert

Thank you NigWit re; indicators. New information always useful.

Hmmmm....

DHC's presence has bad associations for me. Familiar name from a few stocks where I lost money very quickly. (WSG, VLS, FLYB...all dogs) Wasn't a "good sign" for me. My own fault entirely though.

However that's not to say DHC didn't make a killing. One lives & learns hopefully.

Just IMO

Can you illucidate Nigwit; "..a trailing indicator.."

What do you mean? An indicator that a share is attracting day traders? Or that something is trailing? The price? Please enlighten, I'm interested in your views, even if some find them heretical.

Thank you for posting the videos SIPPn00b.

How much rain does it take to make a river do that? Those workers looked a wee bit too close to the edge for my liking; rather them than me. Assume they were trying to mitigate bank erosion.
When you think that a cubic metre of water = 1Tonne, you can imagine the damage that a flow like that could do to buildings.
A flash flood in the driest place on earth? Nae luck! Even weirder weather than we got here in the February heat wave.
You got any nice stills?

https://www.youtube.com/watch?v=QGfHoPvOi3g

https://www.youtube.com/watch?v=ccjfSyO9ncM

"THE STREET 'N' JONESY SHOW! "

Synopsis:

"Street" rubbishes everything until he buys it, then waxes lyrical about how it's gonna boom.

"Jonesy" (Jonnah?) comes along and talks about how pish everything is because (secretly) he wants it cut price. They walk around a street market doing their double act creating many hilarious comedy opportunities.

I think it's "got legs"...

FFS fjones! Send me your PayPal address and I'll send you some cash to buy shares the now*. Save you waiting for your cheap buy and give us all some peace.

Wee tip for you; anyone using full caps in a post heading is usually regarded as either very untrustworthy, imbalanced or both.

*not really.

Thank you for all the replies, most informative.

Wellwell, I'll have a look at that Q1 '19 presentation.

We are guided that it will take about 20-odd days from hook-up to first oil on board the FSPO.
My question is; Is this process "simply" the gradual bringing on-stream of an already fully-tested, primed and proven system, or is the commissioning process partly suck-it-and-see and to some degree a live test?

I know Aoka Mizu has already proven her worthiness and suitability for this job and this type of hydrocarbon in a previous role, and has had a refurbishment & re-fit. She is clearly a well-proven tool for the job.

I'm just not clear to what extent the commissioning process can produce issues which need to be solved "in the field" as it were. For example, are last minute changes and fitting of replacement/re-designed parts a normal part of the process or is the system expected to work 100% as is?

"..but the US and global economies have paid a price ..."

Me too; I had a nice wee take over lined up with my NXP Semiconductor shares. $127 per share about to be paid by Qualcomm for stock bought at $67, then Trump announced his trade war with China. Chinese regulators spat the dummy. Game over. I'm still holding a grudge.

No, no all great reading to be sure since we will be a "sweet" producer.

However, is the value of our oil already in the SP or not?

Or, rather, I wonder to what extent HUR's oil assets are priced in already? Not much I'd guess, which allows for much more growth in SP than an already producing co. which had simply discovered more recoverable oil?

Although the HUR SP has been tracking oil price to some extent, it seems it has been more of a co-efficient of our value rather than an empirical valuation. I may be wrong ( I frequently am) but I'm hopeful of a good boost to SP once the taps are on and the bath is filling up.

An aside: Might some of our oil be used to make fertiliser, windmill parts, CCT scanners, solar panels, dashboards for EV's etc. or will it all go up in smoke? (trying to salve my conscience a bit)

I'm not letting me expectations get too high this time. I can't handle another emotional rollercoaster like last time!

Having said that, being Scottish, disappointment, low expectations and snatching defeat from the jaws of victory are all part of the package! No wonder I take a drink.

Yes thanks. And I slept well too.

Just to say, re; WW's post about L2.

I'm no trader, more of a thick plodder when it comes to shares. (Lost a few grand since October '18 duh) However, even I have been frustrated with my Halifax account at times when a share I'm interested in is moving up and down rapidly over the day. Annoying to not know what the actual price is at any given moment. It's all about accuracy.

I always buy the best tools I can because they give you more accurate results. Even as an amateur photographer and mechanic I buy pro-quality tools because I want my work to be as good as it can be. Plus, good tools save you money in the long run.

I'm guessing its probably the same with share dealing tools; you get what you pay for.

I heard on the radio recently that, in order to make sure they were investing in training the right men to fly fighter aircraft (being short of time and resources), the RAF managed to distill their initial recruitment process to just two questions;-

1) Have you ever owned a motorcycle?

2) Have you given up riding motorcycles?

If the answer to both questions was "yes", the applicant was moved onto the next stage.

The theory being, they wanted men who were brave/daring enough to have given motorbikes a go, but sensible enough to have packed it in once they realised the risks. As an ex-motorcyclist myself I kind of like this anecdote.

...been posted on this board recently by bored shareholders looking too deeply into matters they don't understand. Getting hold of the wrong end of the stick and then beating about the bush with it.

Clearly the problem with our hook up shenanigans (and much of what happens in offshore oil & gas IMV) is that the boats and stuff are on the SURFACE of the sea which goes up and down. A LOT. Especially in the wild, windy North.

The obvious answer (that is staring us all in the face, if only we would stare back) is to use a giant submarine for the hook up. Underneath the waves, all is calm and flat, green and submarine.

Our Mega-Sub would have all that pipe-work stuff for the hydrocarbons built into it, including the flare stack, but up at the far-end, away from the petrol.

The sub would simply glide into position, safely below the wind and waves, and gently lower itself onto the target, tucking the buoy into its belly, in a little hideaway beneath the waves. No winches, ropes or other tangly paraphernalia to get stressed about. ( IMV, The AM could be easily/cheaply converted to a submarine by simply welding bent metal sheets over the top of it and filling some of the storage tanks with concrete.)

Sometimes all it takes is a fresh pair of eyes to see a simple solution to a long-standing problem.

Legal Note: HUR are welcome to use the above ideas at no charge, fee or royalty.

Aduk: "Or come to think of it, they could be doing such dastardly deeds having been chartered by the SNP. In whose interest it may be to delay FoiL until after March 29th."

Funnily enough, there were rumours circulating in pro-independence circles that David Cameron's low-key (some would say "secret") visit to Shetland in June 2014 was related to keeping a lid on any publicity about the size of potential oil reserves in the area.
Around the same time Sir Ian Wood was reportedly warning that North Sea oil would run out in 10-15 years time (although I don't think that is what he actually said).

If one were able to lift the buoy vertically, right up to the sea's surface and then into the air, at what point would the buoy's anchor chains become taught?

I'm just trying to get a feel for whether the buoy's chains could ever be at full stretch, or anywhere near it, during hook up? Presumably not, since the AM's lifting gear would then be carrying a load equivalent to the entire displacement of the ship. Just idle curiosity.

Thanks skipsharer. Useful to know.

I'm clearly a bit behind on what "live" actually means.

"Has anyone a reliable website to keep watching live prices for free?"

If you have a Mac, you can set up a widget in the "dashboard" App which will pull live prices for any share you add to it.

Source data seems to be from Yahoo! Finance web pages, I've no idea how their accuracy or speed compares to others though.