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thought the shakesperian disguise had fooled you

oops judt bad luck

A little bit of a rise this morning !...

LNG
though not really on subject, i thought the following might be of interest with regards to the almost exponential growth for the use of LNG as fuel.

for those not aware, LNG is a very clean fuel to burn, with its obvious benefits to the environment ..... as a result, many vessels (and some truck fleets) are now being built or converted to run on this stuff.

it is very interesting to see that EU is now taking a very strong stance on the sulphur emissions from vessels ..... this means that the vessel owners will have to fit very expensive sulphur scrubbers if they want to stay with current cheap fuel (LSFO), though there is also a more expensive version (MGO) which gives out lower sulphur emissions.

almost de facto, it means that more and more (applies to industry heavy users too) will look much more closely at the economics of switching to LNG

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on the downside, LNG is expensive to produce and also has to be transported and stored in very expensive cryogenic tanks (highly sophisticated vacuum flask for ease) ...... being predominantly methane, it is also highly flammable, which gives other potential problems for its usage

Gibby , true i had forgotten how much support she has down there with her neighbours, but doubt it come to blows. Trouble may brew if a big oil discovery is made , as the Argie's will be naturally Jealous big time mate.

Nicely up today...more tomorrow as long as no oil slide....

Stock on Loan (eg short position) has increased rapidly on FOGL over May - which is not surprised given the share price fall - the stock has to come from somewhere to fill everyones buys (including mine of late).

A nice spike in the short position means they will be closing out before Stebbing results near - so at some point in the next 3 weeks there should be a strong rise upwards as the shorts close out.



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45 day stock on loan (short) chart for FOGL



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a valid observation for a change :-)
does that now mean you're going back into BOR too?

No, not entering back into BOR, sticking with just FOGL now for South Falklands exposure.

Anyone attending the shareholders meeting today ? I seem to have it in my calendar at 1pm today, May 22nd.

Completely bonkers shorting this !.......

certainly quite brave, but if the market heads sharply south once again, specific share logic ceases to apply

Better to short Facebook......

Facebook should come down to somewhere between 25 to 30.

FB is an easy enough stock to trade though these Nasdaq stocks are so lively, you really do need real-time prices and dealing facility

I can't understand why FOGL isn't navigating north of 100p by now...crazy....considering the numerous targets for an oil or gas discovery...

because it's currently all blue sky and no substance at all

I must have missed the link below, but anyway, the same as I have been saying, ONGC was not the party that signed the agreement ref farm out of 25%.

ONGC were looking at 35% stake but nothing formal.

The formal talks are with another party - soon to be unveiled ??


http://interfaxenergy.com/natural-gas-news-analysis/latin-america/falkland-oil-and-gas-deny-ongc-deal-talks/

17th May

.......A spokesman from UK-listed Falkland Oil and Gas has denied media reports that Indian company ONGC Videsh was in talks to buy 25% of two exploration blocks in the Falklands’ offshore waters. “They’re one of the companies that have bought a data set, but we’re not in formal talks with ONGC,” the spokesman told Interfax on Thursday. Falklands newspaper Penguin News reported earlier this week that ONGC was on the cusp of farm-in deal. ...........

A bit like the sun artical saying they had hit oil....not