Credit deflation and the reflation cycle to come (part 3)

[nirvana]

7 minutes ago, DurhamBorn said:

Anything happening

92% divi on Evraz now 

[JMD]

17 hours ago, Harley said:

...100% in cash!?

[Siggy]

1 hour ago, Democorruptcy said:

The pretty play

 

Looks like Poly will leave the FTSE 100 to be replaced most likely by the Scottish Play 

[Yadda yadda yadda]

Windfall taxes on oil producers also off the table.

[belfastchild]

15 minutes ago, HousePriceMania said:

Repsol, the share to own, good call DB.

 

Repsol SA

12.09 EUR+1.01 (9.10%)past 5 days

BME: REP

Up over 70% since I bought them!
Not investment advice but was briefly chatting to a guy from Iberdrola just over a week ago and meant to look them up when I got home. Have only done a quick google and have nothing to put in until next financial year so will look in more detail then.
In the meantime anyone else have a view or run the slide rule over them? @sancho panza @DurhamBorn @Cattle Prod

[Sasquatch]

18 minutes ago, DurhamBorn said:

Anything happening,im busy finishing off removing this hedge i started in September ,got a bit out of hand  big ladders out ,

 

 

Please be careful!

#savedurhamborn

 

[Castlevania]

13 minutes ago, Siggy said:

Looks like Poly will leave the FTSE 100 to be replaced most likely by the Scottish Play 

Possibly not the Scottish play given their share price decline over the last week

Endeavour Mining are apparently a shoe in to join. How does that work as I thought their primary listing was in Canada?

[HousePriceMania]

37 minutes ago, Metalheadz said:

Sberbank looks like a steal at these levels - get your calculators out gang!

I've not falling for that again

[Yadda yadda yadda]

Woooah. Take a peek at Gazprom this morning!

[Yadda yadda yadda]

[Noallegiance]

34 minutes ago, DurhamBorn said:

Anything happening,im busy finishing off removing this hedge i started in September ,got a bit out of hand  big ladders out ,

 

That's not a hedge.

[TNS]

2 minutes ago, Yadda yadda yadda said:

jesus, what happened there.

[Barnsey]

Microfocus worth a look given the extent of cyber attacks (that aren't obviously being officially declared so) past few days?

[Yadda yadda yadda]

Just now, TNS said:

jesus, what happened there.

Don't know. Polymetal all over the place but up this morning. My guess is that Russia is confiscating oil and gas. Just a guess. If no-one can buy the price goes to zero. Suspending purchases should lead to complete suspension.

[JMD]

14 hours ago, Cattle Prod said:

Invest in your North Sea gas business then.

I saw Kwarteng banging on about fracking yesterday, not a clue. There is a ton of gas still in the North Sea at the right price. I'd say most of it is run on economics of c. 50p or 60p/therm, and is marginally uneconomic. We know where it is, it's all been mapped, theres even a kind of brochure published every year with the top 300 or so targets, which no one touches. Current price is 350p/therm, but banks (or retarded CFOs) won't let us increase price decks. All Kwarteng has to do is put a floor on price at about 100p/therm, well below current prices. That would make pretty much everything economic. One stroke of a pen, and you'll see the biggest drilling campaign in decades, because it removes economic risk. And the govt gets domestic supply in return.

This would be possible politically if they had an honest conversation with the public, the only risk to the public purse is a crash in gas prices. Yeah right.

But it's not going to happen, is it? Fwiw I put a flea in the ear of some senior people about it today. We talk to govt regularly, but they just don't listen.

CP, can I ask which oilies might benefit most from a new dash back into the North Sea? Probably the ones owning the identified fields you mention? But do understand if you can't because that's company sensitive info.?                                                                                                                                                                   Coincidentally, on a related topic some commentators (traderferg etc, but most of his stuff is now behind a paywall) are saying that the specialist offshore oil platform drillers are a speculative buy, ok risky? but if you did have any knowledge of that sector it would be good to hear your thoughts. I understand that the big energy companies lease their platforms etc from the smaller outfits.

[planit]

2 minutes ago, TNS said:

jesus, what happened there.

no one can buy, it's sell only.

Thing that pisses me off is there must be someone who can accumulate the 'sales'

I tried putting an order in for a 100,000

 

 

My plan was to buy the shares, assassinate Putin and then buy a nice house with the proceeds.

 

 

[Majorpain]

7 minutes ago, Yadda yadda yadda said:

Meanies, i was looking forward to a gamble of a couple of £k on red for 1000% yield this week!

[kibuc]

7 minutes ago, Noallegiance said:

That's not a hedge.

When DB hedges, he hedges big.

[Majorpain]

10 minutes ago, planit said:

no one can buy, it's sell only.

Thing that pisses me off is there must be someone who can accumulate the 'sales'

I tried putting an order in for a 100,000

Russian government is spending $10bn of its rainy day fund on propping up stock market.  Or buying up bombed out Russian shares at a YRS level of price depending on your point of view.

[Siggy]

2 minutes ago, planit said:

no one can buy, it's sell only.

Thing that pisses me off is there must be someone who can accumulate the 'sales'

I tried putting an order in for a 100,000

 

 

My plan was to buy the shares, assassinate Putin and then buy a nice house with the proceeds.

 

 

I tried to buy OGZD yesterday on HL, wouldn't let me, said all Russian GDR can't be bought. 

[Yadda yadda yadda]

2 minutes ago, kibuc said:

When DB hedges, he hedges big.

I think he is sending a message. Trim back on your hedges and go all in.

[AlfredTheLittle]

45 minutes ago, DurhamBorn said:

Anything happening,im busy finishing off removing this hedge i started in September ,got a bit out of hand  big ladders out ,

 

Is that our first sighting of the legend himself?🔎

[JMD]

52 minutes ago, JMD said:

 

 

[reformed nice guy]

14 hours ago, reformed nice guy said:

Next Gazprom ladders:

0.25, 0.05, 0.005

 

I know its a bit gay to quote myself, but my 0.25 and 0.05 ladder didnt go through. I think it was the broker treating it as a cry for help.

I went onto interactive brokers and put a limit to buy 1000 shares at 0.017 but it came back with:

"No Trading Permission, Customer Ineligible; Ineligibility reasons: Margin concern/risk management: For risk management purposes, this product is in closing-only status. You may close existing positions but not open new ones."

If I was allowed to I would probably end up sanctioned myself as I would end up with enough Gazprom shares* to count as an oligarch

 

* technically not shares but bits of paper with "I owe you Gazprom shares, kind regards Putin" but in Russian

[Yadda yadda yadda]

1 minute ago, reformed nice guy said:

I know its a bit gay to quote myself, but my 0.25 and 0.05 ladder didnt go through

I went onto interactive brokers and put a limit to buy 1000 shares at 0.017 but it came back with:

"No Trading Permission, Customer Ineligible; Ineligibility reasons: Margin concern/risk management: For risk management purposes, this product is in closing-only status. You may close existing positions but not open new ones."

If I was allowed to I would probably end up sanctioned myself as I would end up with enough Gazprom shares to count as an oligarch

You could finance a war this way. Perhaps the only legal bid is Putin.