this is the 3rd time .. at the bottom.
at bottoms i always bought in 2 tranches ... first at 10- 11 gbp and second around 9 gbp. so it is time to buy some more.
as strange as it seems dec is my best investment , trading and divis included in the past year.
i just sell too soon at around 13. me being stupid and not riding the wild horse. |
I think it will get hammered in the US tonight. Its up 6% pre market - and that's what is calling the hammer there |
i know the shorters are going to hammer addition it sub 900 on derivatives like CFD's, spreads etc. But that is not to say the official short tracker will change, or not reduce |
Pretty week out there even with Trumps u turn on canada for a month. Not looking good here really guys. 900 looks very trappy which brings the next issue - its not 800s to look at when there. it's a lower price next |
There are things that people in government tend not to do because they have bad consequences. Lots of these things are being done by the Trump administration which faces difficulties with US fiscal policy and difficulties with starting a trade war with major trading partners. |
The Maverick deal closing early is good news reducing uncertainty, but it is a crazy market right now especially across the pond! |
Great they have removed the uncertainty over the Maverick deal. In addition it is expected to close earlier than previously anticipated ie Q1 2025. |
Maverick deal all on track to date towards closing, with issued shares not increasing with the now weaker share price . |
I think bountyhunter is right on this, the general downward trend in the USA and the suffering of the dollar from Trumps damaging approach to government is catching up with DEC.
The announcement today does not surprise me (that Maverick will be done at the announced figures). I would be really surprised if a deal was announced which could change with the share price movements.
Shorts now down to only two over 0.5% |
I don't kmow. Does seem more like gamble territory than investing territory at the mo |
Just about everything is down in the US right now, my take is that this one's just got caught up in those falls, but value should see this recover strongly with a decent yield underpinned by hedging being renewed at higher gas prices |
The reason Trump is on about oil etc, is because he wants it dirt cheap
The whole process of MAGA, depends on cheap energy and containing inflation during it etc
no matter what you do in the US as president, most of your legacy is gauged at the fuel pumps |
I agree. Trump loves gas and oil. But thats a problem too
Drill baby drill - makes it cheaper, and renewables keep getting built |
Dont know the share of market for coal reduction since but i doubt oil and gas got it all surely
Anyway, SMR's next |
the other risk is derivatives counterparty risk. a systemic one. |
And Trump is really keen on promoting renewable energy isn't he?! Clutching at straws there. |
jees its much longer ago than i thought lol. 1/10th but that was 2015
Regardless, it's going to be a lot of market share that did not exist as competition not so long ago
if you ask me, prices of crude and gas is stupidly high even at todays prices.
Wholly rigged prices |
I did see it was 1/5th of global supply before but not sure that is right |
A lot of renewable energy out there already from various methods. This was not a consideration a few years ago. Dont know what global usage is from renewables but it is a fair bit of market share already i suppose so it is a new factor for outlooks these days. |
On Monday 10th March there is a General Meeting to vote on a Resolution to allow the Directors to allot shares to enable the Maverick purchase. They need 50% of votes to pass it so seems highly likely to pass. I guess that would reduce some uncertainty.
Worse case seems to be that Maverick does not proceed and a fee of $50 million is payable by DEC. Or I think a lower amount of about $10 million payable if it doesn't proceed due to the Resolution not passing.
Doesn't seem a good reason for the share price fall on it's own. Perhaps the weakening of the Dollar as well as oil price weakness and potential slow down in world economy ?? And shorters being able to close seems a good reason as well.
I personally have been adding. Dividend is attractive now and must be quite secure with hedging and recent gas futures. Time will tell. |
You would think this would be going up given the gas price and new tariffs on Canadian O&G imports. Makes no sense at all. Just the US market rout and fear factor of what Trump may do next I guess!
Also the shorters have all been closing with the only two left having recently reduced leaving just over 1% when it was previously closed to 10%.. |
The rise did not make sense. The shorters did not make sense in the rise. nothing made much sense, and then it all clicked together |
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