Serica Energy Share Discussion Threads

[riot2] 14/7/2018 22:47

Agree Chesnuts,

Trump is a complete idiot.

I think SQZ will appease US OFAC requirements, to get the waiver. By any means necessary.

The Act of Parliament/hydrocarbon regulations are already in place to facilitate what is needed to keep the field operating. This seems to tie up with EU law.

Always good to consider both sides of any arguement. So thanks for pointing out robustly.

[chestnuts] 14/7/2018 22:40

Riot

When it comes to Trump any thing could happen, thats why he is a dangerous person

[riot2] 14/7/2018 22:19

The have been lots of news reports stating different things.

I posted one where Pompeo was saying the stancea could soften....

I place zero significance on that article

[chestnuts] 14/7/2018 22:09

Riot

Its in writing now

[riot2] 14/7/2018 22:04

Chesnuts,

They have had plenty of chance, not just now but ever since the US started mentioning sanctions.

Everyone has take their positions, and now we see how this plays out.

[chestnuts] 14/7/2018 21:58

Riot

Tell me how they could sell at the moment, the volume is very low and it would drive the share price down,

[riot2] 14/7/2018 21:44

I think the weak holders are already out.

Anyone with a significant holding has stayed put. Ie Hardys/Jeffrey Harris. I think that speaks volumes.

[riot2] 14/7/2018 21:41

If the ownership rights of the IOC arent violated, neither the income which would be held in escrow, then I wouldn't have thought it would be problematic.

[chestnuts] 14/7/2018 21:39

Riot

I know what it says, but alot of shareholders will panic on Monday

[sawney] 14/7/2018 21:32

Are the EU going to take action against them?

Nothing surprises me with the EU....but I wouldn't put it past them to take the UK Gov to the ECJ..???? for not following the EU policy line..??

[riot2] 14/7/2018 21:23

Sawney.

I agree, I think escrow is the way to go.

As I posted earlier this was covered by UK law, acted upon in 2013.

Does it matter what the EU say?

All the european companies are pulling out of Iran regardless.

Are the EU going to take action against them?

[bountyhunter] 14/7/2018 21:21

Re affecting National Security - especially as we might have to get that 5% from the Russians if lost and Trump has just been lecturing the Germans on NOT doing that!

[sawney] 14/7/2018 21:17

Replying to a June 4 letter from the European powers, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin wrote that the Trump administration would not agree to wide-ranging protections for European companies operating in Iran and instead would grant only limited exceptions based on national security or humanitarian grounds, the officials said

So BKR not "in Iran" and at a pinch, could be regarded as effecting "national security" re 5% + of UK gas.

...but the article implies that the U.S. wants to impose maximum financial pressure so only an escrow account could work. Trouble is, the EU doesn't agree with sanctions...so could insist that the IOC are paid..????

[bountyhunter] 14/7/2018 21:16

snap! keep trawling chestnuts

[bountyhunter] 14/7/2018 21:16

"...the Trump administration would not agree to wide-ranging protections for European companies operating in Iran"

[riot2] 14/7/2018 21:13

Dont think so Chesnuts.

It says 'Doing business in Iran'

But plse dont let that stop you shorting? Seems like picking up pennies in front of a steamroller.....

[chestnuts] 14/7/2018 20:52

This could spook the market on Monday

U.S. refuses European requests for exemptions from its new sanctions on Iran
“We will seek to provide unprecedented financial pressure on the Iranian regime," the U.S. said, rebuffing Britain, France, and Germany.

[riot2] 14/7/2018 20:08

Yes someone who is getting fleeced, buying TERN at 700-800% of NAV. lol

[fardels bear] 14/7/2018 19:46

It seems to be a reaction that comes from posters on the TERN thread who don't like riot2.

[captainfatcat] 14/7/2018 19:06

lol I wonder who the phantom thumbs down poster is?

[robo175] 14/7/2018 17:25

I hope Theresa May had a little word in his ear yesterday.

[riot2] 14/7/2018 15:47

As I read it, seems relatively straight forward. Not sure if thats my wishful thinking though...

Not sure if you guys agree/disagree?

[dunderheed] 14/7/2018 15:38

Yes thanks r2.

[pineapple1] 14/7/2018 15:31

riot2......thats a good find and interesting read.