This space is reserved for arkleseizure to introduce himself.
Selling oil forward can be a two edged sword.. what if there's a production hitch?; also, if the price goes up (a lot) do you pay tax/royalties/whatever to the host state on the market price actually achieved, or on your hedged income from the sales?. Is it worth the hastle and expense to exchange the POO fall risk for the POO rise/production problem risk?. IIRC…
I missed the last AGM. Were other AGM attendees given the impression that management believed the latest TGD failure was down to a mud (not completion fluid) reaction?. Did they cite any precedent for the mud they were using in that particular rock/hydrocarbon combination?. Were any other possible explanations put forward (other than 'lack of gas drive')?. What information do they expect to get from…
Thanks for your considered reply EE. I am not so sanguine about Cameron's fiscal prudence. I dont see any real possibility of the US defaulting-defaulting, it will simply print the money to satisfy government bond holders; in this sense perhaps Uganda did not default either on Ugandan dollar debt obligations. Nevertheless gold has become more popular than their dollars in that country. Is it remotely…
Out of curiosity, have any of you guys considered precious metals, as opposed to cash, as a hedge against falling stocks?. Is there unanimity that 1800 usd gold is a bubble?. Disclosure - the only bit of my portfolio that has done well recently has been the precious metal physical ETFs, the rest - mostly small oilers (SIA TLW NPE etc)- has been savaged. Beginning…
A contrarian view might be that we should be grateful to Soros for helping keep us out of todays Euro mess, and that he was trading off the inevitable outcome of politicians trying to buck reality (as traders are doing today). Equally the rioters were created by the welfare state, minimum wage and immigration laws that make the creation of an unemployable underclass inevitable. Again…
