Hedgewatch (Brevarthan Research) @Hedgewatch1 Twitter profile

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Hedgewatch (Brevarthan Research)

6 months

#PANR $PANR.L $PANR #PantheonResources Here are our latest thoughts on the recent Alkaid "topset" recompletion and broader considerations for the company as it continues its Alaskan oil odyssey. We remain sceptical (and modestly short).

Pantheon Resources: Redux! (PANR LN, PANR.L)

Opaque Transparency: More Data, but More Confusion

brevarthanresearch.substack.com

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@chigrl Its not over until the Economist put it on their cover...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@KTjuta @visegrad24 She certainly acted like one even if she wasnt. German military capacity destroyed, nuclear power decommissioned, massive energy reliance on Russia, mass refugee admission helped drive populism and Brexit narrative ....

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

$MSTR The beatings continue...Now at an 120% premium to its bitcoin #btc holdings. Pricing in over $140,000 a bitcoin. Currently acting as if 3 to 1 levered on btc when in reality it should be 0.5 to 1 at best given the premium. "The market can remain irrational longer...."

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

This is known as a corner @AlderLaneeggs

Kai

@Zhongkai_Zhang

3 years

Hwang owned 68% floating shares of $GSX at the peak. Jesus, he was not manipulating the market, he was the market! #Archegos

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@Keubiko She's a Russian asset. No doubts anymore.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@John_Hempton @INArteCarloDoss me too. Its part of my get poor quick scheme.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@RampCapitalLLC We are seeing Daniel Kahneman's book "Thinking Fast and Slow" playing out in real time... Its like one giant psychological experiment, loss aversion, anchoring, herding, all that jazz thrown into one monumental clusterf**k.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

@OzKaterji I wish the US govt had some genuine interest in ending the war.. Like by providing planes, apaches and atacms and giving up this daft Obama era obsession with the JCPOA and actually doing something about Iranian arms exports to Russia...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

$OXY comfortably delivering negative FCF post pref coupon.... Permian oil nicely gliding down by a further 10% qoq (goodness knows what the old Resources is doing). Admit Uri has a role here but....still bad...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR The art of the E&P press release . Crimes of omission - no break out of the split between condi (the valuable stuff) and NGLs (the stuff that will end up in the flare stack. No exit rate of current daily production....

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

5 months

$MSTR's current market cap values its bitcoin holdings at over $170,000 a bitcoin. Tulips squared.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

#SQZ #Serica For all those following, I am slowly putting together my thoughts on this deal. In summary - it is highly dilutive of Serica's equity, and takes highly discounted equity and purchases overpriced assets with it. I will vote against unless terms change.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR: Game over. Millions spent for a well which will never be commercial.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@andersostlund They've got $800bn of fx reserves. Its going to take more than a few weeks. And the chinese will happily buy the energy.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

$MSTR now reflecting a bitcoin #btc price of nearly $140,000 in its share price. That's an approx 120% premium to the bitcoin price. Currently the market is voting not weighing (Buffett).. @WallStCynic

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

Closed last of the $PANR #PANR short. Now (I suspect) comes the pump into the NSAI CPR and SLB reservoir model and all the related puffery. Hopefully there will be an opportunity to have another ride on this one in the coming months!

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@ThomasWPenny @TBraithwaite @FD He has certainly made the owners of the FT more affluent by making the FT the essential business newspaper investigating the truth without fear or favour along with @BondHack and @cynthiao and the team...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

$LPI chowing down in Howard County but notably already "upspacing" to 12 wells a unit from 15...in only their third package of wells @TomLoughrey_LFE

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

Pantheon Resources $PANR : Quick thoughts on Pantheon's well metrics for Alkaid etc. Pantheon Resources uses the Tarn field as an analogue, but later Tarn field wells never really generated an economic return....1/7

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

$SQZ.L #SQZ - Serica cash position is approx £ 2 a share. Serica now nearly down at £ 3 a share - so effectively you pay £1 for the business - 27,000 boe/d for a market cap of £270m approx ex cash. Thats not much more than $10,000 a flowing barrel...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@johnsweeneyroar I'm really not sure I want to go....

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR Et voila PANR expert tweeter Telemachus aka @EnergyHobbs gets his just reward for all his hard work with a place on the Pantheon board. Richly deserved indeed @oilmutt @truant2tb @John_Hempton @muddywatersre

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@RaisingTheBAR47 No DJ permits issued for 7 weeks now. $WES $OXY

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@PlainSite 4) Elon takes over Twitter with financing from opaque sources 5) Twitter flooded with pro Russian bots.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

We've gone through this report with a fine toothcomb, and cannot not find anything to fault its technical work. $RECO has little if any chance of finding commercial oil. The company will in all likelihood run out of money with little to show for it.

Viceroy

@viceroyresearch

3 years

Con Africa - Viceroy's analysis of $RECO's response is now live: ReconAfrica’s micro-response to our report contains zero facts, addresses none of Viceroy’s pertinent questions, & is loaded with promotional language #thread 1/

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@DrEricDing Do they get sick or not? And are they infectious?

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@StockJabber This reminds me of Woodford in the UK. Its duration/liquidity mismatch between ETF holders and the underlying. Only works if the Ponzi keeps building.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR - #PANR No farm out, we are going to develop it ourselves.....!!! 🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

Another day and the moronic inferno rages on: $MSTR adding in its new bitcoin and newly "in the money" converts.. 124% premium...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

Serica #SQZ - in brief Circular accretion assumptions are completely unreliable as the per share forecasts fail to take into account Serica's apriori massive cash balance, and Tailwind's net debt. Adjusting for that, the resulting combination is highly dilutive.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@conorsen @SadBillAckman What a long short pair that would have been. One for the ages...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@EnergyCynic @QuickDCapital If they had so-called multi decade inventory the npv of the acquisition for drilling npv's in years 25-35 would be de-minimus. So the acquisition is hugely value destructive on their own BS logic. Unless...there's not really that much inventory....

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

10 months

New Post: #victoriaplc #VCP Victoria PLC - Questions for the auditor

Victoria plc: questions for the auditors

Questions for Grant Thornton or any successor auditor of the company

brevarthanresearch.substack.com

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR. Death spiral time approaches - no money left, an uncommercial well, and imminent dilution through convert PIK repayment (lower the share price, the more shares PANR have to print to repay principal and interest). Further capital raises will get dearer and dearer.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@WolfpackReports @WillauerProsky What terribly sad news. He was an extremely kind and thoughtful man. RIP.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

Hurricane Energy #HUR : No way back. While restructuring of debt appears imminent, message boards are awash with hopium. Here's our sober look at reserves and production at the Lancaster Field

Hurricane Energy: No way back

The kerfuffle over restructuring is a red herring: the field awaits the last rites

brevarthanresearch.substack.com

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@MorrellGeoff @JavierBlas Why not call it Beyond Petroleum. Ahh no already tried that. Followed up with TNK BP russian purchase. And shale acquisitions. Remember the 5pc growth target? The 3pc base decline rate. Lies lies lies for the past 20 plus years.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@AndySwan 40000 in hospital in UK... Nearly 2000 dead today. Im afraid this is nonsense

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

My Serica #SQZ $SQZ.L update with thoughts on the deal. TLDR - I'm really struggling with it and think shareholders can get a better deal. As it stands I'm a "no".

Serica: Selling off the Family Silver

The deal with Tailwind dilutes Serica's equity and impairs its cash position. Shareholders can stop it happening.

brevarthanresearch.substack.com

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@KwasiKwarteng @Telegraph Perhaps you should have thought about the prosaics of securing more gas supply, investing in North Sea gas, securing LNG, and most of all maintaining our storage facilities like Rough. No amount of wind or renewables will provide baseload power.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@AlderLaneeggs @GlobalTrenton @JessKruchoski @opinion_joe Marc is right. Speaking as one who knows. But as JS Mill (no it wasnt Burke) wrote long ago: “Bad men need nothing more to compass their ends, than that good men should look on and do nothing."

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@HayekAndKeynes No, Zelensky is 10ft tall right now...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

@OSINTua Presume we are talking 1944 here and not 1940. Still would be nice to have the same air superiority the Allies had then...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

The $PANR Q&A resembles the Labour Party manifesto of 1983, for those with long enough memories. "The longest suicide note in history"....

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR #PANR . The P and A in the Pantheon ticker should stand for Plug and Abandon... 🤡🤡🤡🤡

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

Notable points. 1) Its not retrospective, so SQZ and HBR get to keep their winter 21/22 cash bonanza. 2) Previous tax losses are not deductible against new levy so folks like HUR and ENQ get whacked for tax. 3) Finance costs and decomm not deductible - bad for ENQ/HUR

Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

Crucial worked example for those of you poor suffering UK North Sea E&P investors, post bonkers tax shenanigans...Note that the tax relief is pretty generous despite the sheer craziness of it...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

For those that laud $MSTR's ability to increase its #BTC per share over time, and despite beneficial nature of cheap funding, post dilution 100 shares of $MSTR today buy you 0.97 #BTC vs just over #0 .96 at the end of 2022. A 1% annual gain doesn't eat much into a 123% premium...

Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

Another day and the moronic inferno rages on: $MSTR adding in its new bitcoin and newly "in the money" converts.. 124% premium...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR #PANR Pantheon Resources may soon reach its 1 billion target....No not proven barrels of oil reserves, or market cap, but shares...907 million after the latest share issuance to pay for the convertible bond quarterly payment... Thats up from 15.5 million at the IPO or 60x!

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@ChrisWe22382020 @ncitayim The 2m extra is just the maths from april. Theres no extra cut

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

@arny_trezzi Yeah a cyclical company trading on 100x earnings. Great timing.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@pickeringenergy It's not a cap per se. It's a price per kwh cap translated into the cost for an "average family home". Marginal prices remain at a fixed px per kwh.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR #PANR So much for a commercial Alkaid 2 well. Will be shut in. Move on nothing to see here. Onto the next pipe dream.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@KwasiKwarteng Now build some gas storage assets and incentivise gas development for strategic reasons and to avoid dependence on Russian supplies (indirectly)

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

@JehoshaphatRsch For context look at the collapse of Dignity PLC in the UK in 2018...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

11 months

If you are a Naked Wines #nakedwines customer with angel money on account, your money is probably less secure than in a third tier Nigerian bank. Read the Going Concern language in the FY report... GBP 40m of negative FCF in the year, GBP 50m mkt cap and a half drawn 60m RCF

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@BondHack Yeah, LSE makes the Vancouver Exchange look blue chip these days.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 months

@izakaminska No, it means that cohort of mortgagees that had to fix at a temporarily much higher rate because of medium term GILTS (which set fixes) selling off. That said, GILTS sold off again recently after trading up and you can't pin that on her.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

Makes the sell off in $HIFS make even less sense. The market is doing the voting thing at the moment and less of the "weighing" thing....to bastardise Buffett.

Young Bronze Age Charioteer

@ryanexpansion

1 year

Just noticed this in $HIFS annual report, infinite deposit insurance seems really really attractive given recent events

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@RachelReevesMP How is a windfall tax on UK oil and gas producers going to help reduce our dependence on Gazprom and Russian gas? Don't we need more UK gas to cut our reliance on the Russians? Thats not going to encourage our producers to invest in more capacity is it?

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@CSGNinety7 @LindyLawyer @RealTimeWWII Versus Hitler (or Stalin) I'd take my chances with Churchill. He is partly the reason why you can express your own opinion here.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@RaisingTheBAR47 $OXY I was wondering if they had hidden the financial statements because it was so bad! Permian oil % continues to fall as you say. Interesting that they felt they had to throw $100m capital at the DJ..limiting oil decline there to a mere 8%!...need to prop up WES??

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@ChrisCorney1 @RachelReevesMP @Jayoberoi2 What like PDVSA in Venezuela ? Or Pemex in Mexico? Which stunning nationalisation examples can you refer to?

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@chigrl Mild symptoms - why are hospitalisations rocketing in Guateng then?

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@IGSquawk sort your platform out. Its down.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 months

@bwhittle23 @implausibleblog Amazing how people think if you accelerate decline in the North Sea by overtaxing it, starving it of capex and losing half the workforce that you will reduce fuel poverty and increase Britain's energy independence....Rather than us having to beg Russia/Qatar to keep the lights on

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

@puppyeh1 Its absurd that its not tiered. How can you plan based on this?

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@NicoLongShort thats not where the Russian troops are. His whole speech was about wiping the rest of Ukraine off the map.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@RaisingTheBAR47 @crudegusher @mailboxmoney6 He didn't suffer fools. He rather made them the butt of his rapier sharp wit... Brilliantly grumpy, but often sporting a wry grin, as if sharing a private joke with himself whilst navigating the khaki-panted moronic inferno of countless conference hall breakout sessions...RIP

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@puppyeh1 Yes but as we discussed before why would you deploy the cash before knowing outcome of North Eigg (potentially transformational and needing capex) and or further windfall tax risk in upcoming Hunt budget

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

Fantasy land from @flight_useful ... $PANR see below... Assume our friend scot12312432432 is also on the pump train. Feels like the begging bowl is about to be passed around....

Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

$PANR Fantasy land strikes again. Apparently Pantheon pivoting from oil to gas! A $10bn pipeline will have to be built. In order for that to wash its face at 300mmcfd capacity the pipeline owners would have to charge $12/mcf in transport fees a year. Cloud cuckoo land.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@IGSquawk a little suspicious about the timing of this...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

Brevarthan Research is Long Transglobe Energy $TGA. #TGL . We feel the company's market cap doesn't fully realise the potential offered by the new merged PSC in Egypt, or its near debt free exposure to higher oil prices:

Transglobe: Eastern Promise

With a new PSC on the verge of ratification in Egypt and a debt free business with growth options in Egypt and Canada, this minnow deserves another look

brevarthanresearch.substack.com

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

Geoff Wilding really outdid himself with this latest #VCP #Victoriaplc release. Auditors won't sign off on accounts, negative FCF (net debt went up) , but he manages to name check Winston Churchill, Berkshire Hathaway and Charlie Munger all in the same release...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@PrestigeReFini1 @GaryNTrader #ENQ Just to confirm from the company - the guided production next year is WITHOUT the Suncor asset. Golden Eagle is 10kbd additive to that number. Magnus should be around 18kbd+. The new secured financing should repay both the vendor loan to BP and the Sculptor facility.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

@Birdyword Keto and water fasting solves this.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@jc_nothias @anneapplebaum @EmmanuelMacron You just don't get it. Russia is Putin and Putin is Russia. Only a total and utter humiliation of the KGB/Siloviki will shift that ever so slightly. For Russia to change it needs to experience its own self destruction. Otherwise it will always find a way to blame others.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

@davidfrum @liamdenning Over now to our Moscow correspondent, Tucker Carlson..."Well, here in Moscow the mood is upbeat, the metro is working and you can buy food in the shops at attractive prices.."

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

Another day in the moronic inferno.... #BTC down a fair bit, $MSTR barely down...because....I can't even.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@ValueStockGeek he has had his fair share of turkeys this year. Facebook, Paypal etc

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@ClarityToast A non-agreement agreement

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@EnergyCredit1 Tells you there's too much liquidity still slopping around the system. The beatings must continue...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

@WallStCynic The premium to #BTC grows everyday. 80% now roughly.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@agusnox @king_of_thougts there is a bizarre psychological dependency going on there, a sort of narcissistic neediness, with episodic machismo and grandstanding giving way to child-like vulnerability..

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

#SQZ #Serica Energy... Another total car crash investor call today. This has to stop.

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@BNODesk French and Germans taking a tough line with China here....(!)

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

Looks like even the Chinese balloonists were interested in the results from the Alkaid 2 well... $PANR @truant2tb

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@Hipster_Trader @EnergyCynic My Romanian builder texted me yesterday afternoon asking what oil etf he should buy because he thought he could make 5x his money. His previous forays into exotic crypto currency have not proved profitable....

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

1 year

$PANR #PANR Most amusing thing about the presentation was that while not discussing details of the Alkaid well, some were left it. Such as the water cut, which is considerably higher than the oil cut...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

$PANR #PANR Below are the flow rates (oil and water, LHS) for the original Alkaid #1 well 24 hr test - (n.b. excludes periods of zero oil flow and cleanup). Also the wellhead pressure (LHS) and choke (RHS). Note the decline before N2 injection, and again before choking back 1/

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@izakaminska @BondHack @murphyp @FD It was compelling lunchtime listening. Beats radio 4!

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

@Matt__Miller I'm not sure I agree. It just keeps the gravy train going by providing an exit route. Those boys will be back with a new entity drilling like billy-o in no time!

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@puppyeh1 I hope Mr and Mrs D Hardy have had a chance to read this. The exclusion of net cash/debt and EV calcs from Serica's circular are both evasive and egregious

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

@chigrl Yeah - what about this girl's life, killed as she was fleeing Irpin, near Kiev, from Russia mortars.. Have some perspective...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

6 months

So $MSTR's debt goes up as its Bitcoin holding goes up marginally. No change to NAV. Yet stock moons. Seems rational. Stock now discounting a bitcoin price of $77000.

Michael Saylor⚡️

@saylor

6 months

MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin . As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

3 years

Brevarthan Research: Serica Energy: Building cash. See the attached link for an update on Serica, where I see the company soon piling up more than half its market cap in net cash on the balance sheet.

Serica Energy: Building Cash

The company could have over half its market cap in cash in the next few months

brevarthanresearch.substack.com

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

10 months

Seems like Capital Group has decided to sell down its Victoria #victoriaplc #vcp holding, whilst 2 out of 3 ratings agencies (now S&P) have now downgraded the debt....1/

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

4 years

@GreekFire23 yeah he really sorted out the current account deficit and brought the jobs back home.... erm...got the debt under control...erm....fixed healthcare....erm....solved N korea...hmmm.....still he brought back the coal and steel industry to life...ummm...

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

2 years

I will send out some thoughts on Serica #SQZ $SQZ.L tomorrow morning at market open UK time. Bottom line - as it stands I don't see how the deal benefits shareholders. Follow me on substack:

Brevarthan Research | Anon | Substack

Fundamental research on energy, industrials and other problem children. Should not be taken as investment advice. Author may have position in stocks discussed. Do your own due diligence. Click to...

brevarthanresearch.substack.com

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

5 months

$MSTR The Moronic Inferno rages on.... Not even a down day for bitcoin stops its charge! Now you pay 2.4 bitcoin at $MSTR for 1 bitcoin anywhere else. Because why not....? @BenBrey @WallStCynic

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Hedgewatch (Brevarthan Research)

@Hedgewatch1

8 months

The fish rots from the head...

Aaron Sibarium

@aaronsibarium

8 months

SCOOP: Harvard today received a complaint outlining over 40 allegations of plagiarism against its embattled president, Claudine Gay. The document (available online) suggests a pattern of misconduct more extensive than has been previously reported. 🧵

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