Soco Share Discussion Threads

[emptyend] 25/10/2016 16:12

That language is usually used by those who are a parvenu themselves...... ;-)

[greyingsurfer] 25/10/2016 14:26

I've never warmed to Evil - I'm not sure we're supposed to - but people who talk about "parvenus" don't get much time from me.

Peter

[adam] 25/10/2016 11:45

hxxps://masterinvestor.co.uk/evil-diaries/vietnam-attractive-to-investors/

[emptyend] 24/10/2016 07:38

Re the bond issue, I'd view it as a high yield US Treasury. Pays a big spread over USTs....and a big spread over equivalent issues from major oil companies - and yet the factors governing Saudi ability to repay aren't much different.The bond issue is just "bread on the water" for the financial markets, ahead of the sell-down of Aramco - starting with a 5% sale in H2 2017 (by which time the Saudis think the oil price will have "recovered" - see recent link I posted somewhere). I think one can reasonably expect oil prices to be moved higher whilst tranches of Aramco are sold out over the coming 5+ years......Marginal relevance to SIA though, given it is a major medium-term macro factor.

[buywell3] 24/10/2016 05:39

Circa April 2017


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[buywell3] 24/10/2016 05:25

OIL has risen on talk

The talk was to get the bond issue away


SA Debt is set to double from 2017 level by end of 2020

OIL production will rise significantly within the next couple of months

Sub $40 early next year


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[nigelpm] 22/10/2016 23:25

Think you're right but still a positive target and not completely pie in the sky.

The only thing that's slowed development of electric cars is probably the trashed oil price and huge improvements in mpg.

[emptyend] 22/10/2016 21:55

Think you'll find the left-wing coalition in Sweden will get booted out in 2018 after the last two years......

[nigelpm] 22/10/2016 18:59

This is of course the kind of challenge to higher oil prices :



Bold but very positive for the environment if achieved.

Have to aspire to something.

[steve73] 21/10/2016 12:47

got my small div today (I-dealing).. makes a nice change as they're often a few days late.

[lauders] 21/10/2016 12:05

Perhaps people are reinvesting their small dividend in SIA too if they have received their payment? Mine takes a while to reach the account, but it certainly will not be going into SIA. Too much under water here already unfortunately and the amount of money received in dividends is getting smaller and smaller.

[sawadee3] 21/10/2016 12:01

A cracking day so far, my SIPP is overflowing with OIL :-)

SOCO primed for a good run!

Happy days chaps :-)

[emptyend] 21/10/2016 09:15

FWIW I'd guess (from the RNS timing) that there was a board meeting yesterday. Wonder what was on the agenda.......

[joestalin] 21/10/2016 08:18

There may not be an EU to leave in two years time.

Check out www.ttipalarm.nl

[fangorn2] 21/10/2016 08:15

May in Brussels to Tell EU There Is No Turning Back From Brexit
Here is the opening of this topical article from Bloomberg:

Theresa May will tell her fellow European Union leaders that the Brexit vote must be honored and there will be no second referendum as a way to stop the U.K. leaving the bloc.

Arriving at her first EU summit on Thursday, the prime minister said Britain is on a one-way track out of the EU after some leaders suggested Brexit might not happen.

“I’m here with a very clear message, the U.K.’s leaving the EU,” May told reporters in Brussels. “But we will continue to play a full role until we do and will be a strong and dependable partner after we leave.”

May’s comments to her fellow leaders, which she is planning to deliver during a working dinner during the two-day summit, will be her clearest signal yet that she isn’t seeking a close relationship between the U.K. and the EU after Brexit, a British official said.

While German Chancellor Angela Merkel is among those who have said the bloc must face reality on Brexit, the starkness of May’s message will quash any lingering hopes of a reversal and risks fanning speculation that the government wants a clean break from the single market.

EU President Donald Tusk said last week that Britain could ultimately decide to stay in the EU because the 28-nation bloc wouldn’t offer May any alternative deal to a so-called “hard Brexit,” which would probably mean the loss of tariff-free trading rights.


David Fuller's view
Theresa May will have to be very candid. She is sensibly doing this by telling the EU that the Referendum decision was final. The follow-up should be that the UK will be leaving the EU without delay. This is crucial because she will be at a disadvantage if trying to negotiate within the farrago of the EU’s delaying tactics, so obviously intended to prevent countries from leaving.

Conversely, she will have the upper hand in negotiations once the UK is out of the EU. Everyone knows that the EU will be weaker if it does not have close ties with an independent UK.

[flyinghorse1] 20/10/2016 20:48

So called board "refreshment" hxxps://www.socointernational.com/news_522

[emptyend] 20/10/2016 09:28

I'd expect an operational update next month - or perhaps earlier if the cash arrives earlier.

[mrwaite] 20/10/2016 09:20

We are due an update
"Preparation for future growth and rationalisation of the portfolio
·
Positive advancements towards formalisation of a Production Sharing Agreement over Blocks 125/126, offshore central Vietnam
·
2H2016 TGT contingent development drilling discussions underway
·
Cash inflow of $52.7m expected in 2H from Daqing Oilfield Limited Company, a subsidiary of PetroChina Co. Ltd., for the subsequent payment amount on our former Mongolian asset
·
Additional distribution to shareholders to be considered later in 2H2016
·
Ongoing focus on sustainable cash flow generation and commitment to strategy of cash returns"

[linton5] 20/10/2016 08:08

Come on Soco, time for breakout 2years is long enough

[fangorn2] 19/10/2016 15:13

Interestingly in context of yesterdays chatter...

"Batteries could be key disruptor to oil industry in "investor death spiral"

Oil producers such as ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX) and Royal Dutch Shell (RDS.A, RDS.B) must prepare for radical change as adoption of new technologies like electric cars could happen faster than originally anticipated, according to a new report from Fitch Ratings.

"Widespread adoption of battery-powered vehicles is a serious threat to the oil industry," and an acceleration of the electrification of transport infrastructure could create an "investor death spiral" as investors flee the oil patch, Fitch warns.

Tesla's (NASDAQ:TSLA) upcoming Model 3 will start at $35K before rebates and begin production in late 2017 and is aimed at a broader market, GM's Chevrolet Bolt starts at $37.5K before government incentives and will be available later this year, and other automakers are offering affordable all-electric vehicles, as Fitch estimates battery costs have plunged by 73% since 2008.

Fitch notes that some oil majors have taken steps to diversify their offerings, including Total (NYSE:TOT), which has invested in batteries via its $1.1B purchase in May of Saft Groupe and bought a 60% stake in solar panel maker SunPower in 2011.

[nigelpm] 19/10/2016 11:37

nigel - further to my previous reply, I see wiki quoting around 2 years energy payback for solar. I stand corrected..

Appreciated - saves me posting the link and arguing the toss ;-)

[steve73] 19/10/2016 10:33

nigel - further to my previous reply, I see wiki quoting around 2 years energy payback for solar. I stand corrected..

Another point to note regarding battery storage is the problems of packing too much energy into them - eg. Samsung Note7's exploding battery saga... Hydrocarbons remain at present one of the most efficient (per mass or volume) stores of energy, at least until we're happy to use nuclear powered family cars!!

[adam] 19/10/2016 08:54

Toyota are committing themselves to hydrogen fuel cells for that reason. Refill like a petrol car. Of course you need energy to make the hydrogen, but looks like one possible solution. Likely the solution will be a mixture of technologies. Electric cars I am less enamoured with when you consider the electricity will come from oil fired power stations predominantly and they are only 30% efficient. Then 8% transmission loss through the grid (which will need upgrading if we are all going electric) then loss on exchange to chemical energy in the battery, and the same away on the way out to finally get to the engine coils... I wonder if the electric car 'efficiencies' include those pre distribution, storage and distribution losses?? I bet not

[steve73] 19/10/2016 08:35

ee - I hadn't thought of the stagecoach analogy... LOL.
At least e-cars could be recharged faster than ponies.