Occupation: Company Director, Entrepreneur, Other
Interests: Derivatives, Oil, Stocks
Location: Hastings, East Sussex.
Stockmarket investor since 1964.
Buy and long term hold. Spreadbets. Sells covered options. I know the difference between a changed valuation and a profit / loss. I also know the difference between investing and gambling.
2008/9 was my best year for profits, ever.
Positive; (my opinion) Their cost of producing oil; low $20s /barrel Market was slightly positive this morning; up 1% after the 5.7% fall yesterday "conservative estimates of initial flow rates" from the TGT/H5 well. Oh yeah, Pull the other leg!that's the one that flowed at 27,000 bbl / day! Plus a lot more wells drilled since. Soco hopes to perforate levels in existing wells which…
I published a reply in the FT.com online forum this morning; Nice report, FT, but it would be much better if it was not 18 months late. We are in October 2014, not March 2013. I have invested in Soco International for the last 14 years, know the company very well and have a fifteen fold capital appreciation on my original investment. Plus a 40p…
I have sent this to Roger Lawson at Sharesoc this morning; I challenge the legality of the enormous increase in H-L's charges followed by even more charges for taking my business elsewhere. If enough people are willing to join me, I will; - make a formal complaint to the FCA on the grounds of bad conduct. - Make a refusal to accept the charges, in…
My wife and I attended the last Oilbarrel and enjoyed it. Sorry nobody turned up, the Italian meal was super. The best presentation was from consultants Rockflow, I will post it later when I have permission to do so. The most interesting was San Leon which is currently fracking in Poland and producing some gas; http://www.brrmedia.com/event/119363/partner/oilbarrel If anyone is interested, my contribution, 3 questions, is…
Well, here is a bit of guesswork to cheer us up a bit. Looks like the oil price is higher than it was so maybe they will have a divi increase. MD
Great; see you all there! MD
Thanks to both of you for your very helpful additions to our knowledge here. Does anyone know when our Vietnam licenses expire? MD
Minor correction; - See more at: http://www.stockopedia.com/content/soco-my-current-view-91170/#sthash.QP6yisB8.dpuf "Pull the other leg!that's the one that flowed at 27,000 bbl / day!" I am discussing the flow of the well, NOT the flow of my leg!! :-) In case anyone is wondering .... MD