Inderes Coffee Room (Part 10)

And apparently, OxyChem has belonged under Occidental Petroleum, and I initially thought it was just some unit of theirs, etc., but it was a real company, I guess. Although Occidental Petroleum was also unfamiliar. :sweat_smile:

Occidental is a company with a very colorful past. History seems to rhyme once again, and I’m not referring to Buffett or Berkshire now

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@Verneri_Pulkkinen, now here’s something that will interest you too. Quoted from the Wikipedia article above:

After the Russian Revolution, Hammer went to donate an ambulance to the new Bolshevik state of Russia. On that trip, he met Lenin and founded a pen factory in Moscow. Later, with the permission of the Bolshevik government, he engaged in mining in the Urals. This marked the beginning of diverse economic relations with the Soviet Union: importing tractors from the United States, oil cooperation, and most recently, assistance in the Chernobyl nuclear power plant accident.

and

Hammer negotiated oil deals with Soviet dictator Joseph Stalin. Russian oil was now sold at a higher price than Stalin himself could have sold it, because few wanted to buy oil from Stalin.

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I looked to see if this was some new thread:


But
 I remembered the “multilingual” feature
 :smiling_face_with_sunglasses:

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Model portfolio team’s morning meeting:

kuva

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It depends if student healthcare is included :grin:. Regards, someone who booked a dentist appointment a week from now. Luckily, I’m still registered as a student.

Edit. Moved to the kh thread.

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I waited for a month and a half for a non-urgent time slot, which was finally given. Before that, for two months, I was told nothing was available.

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Can that “multilingualism” be disabled from somewhere, there doesn’t seem to be a “use original” option. A somewhat annoying feature if and when it doesn’t work properly :thinking:

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Interview/profile of Jeppez420, i.e., Sampsa Tikkala, today in Kauppalehti, paywall: Sampsa Tikkala menetti kaikki sijoituksensa vain puolessa vuodessa – Sitten hĂ€n teki muutoksen ja loihti kymppitonnista yli 7 miljoonaa | Kauppalehti
Work history includes: “2017–2024 In Neste’s renewable products production management team, responsible for developing and optimizing production processes and operations for the Rotterdam, Singapore, and Porvoo refineries”

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Just in the news, the numbers seem to be wrong
:

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Neste: Block trade at 11:34. In the trade, 27,900 shares were sold for 184,625.00 euros per share, with a total value of 5,151,037,500 euros.

The block trade made with Neste shares corresponds to approximately 36.6 percent of the company’s outstanding shares.

There seems to be something wrong with the announcement if someone pays 184,625 € / share :smiley:

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The price is quite nice. Well, the stock market is always right :man_shrugging: And Neste isn’t valued, supposedly


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Neste’s total number of shares is 769,211,058, so 27,900 units also do not correspond to 36.6% of the company’s shares.

A Kauppalehti journalist has already written a news article about the matter. I don’t know if the news is produced by some artificial intelligence, or if the journalist doesn’t familiarize themselves with the topic they are writing about at all and blindly trusts the press release.

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Someone just saw the forecasts in the stock price wonder thread and anticipated a bit so they wouldn’t be left without shares.

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Yeah, it’s interesting that a few usernames appeared in the SSH thread (one after a 9-month break and for another, their first post on the forum) and with a few messages managed to sow an atmosphere of doubt
 in that ‘bought and sold’ thread, you notice how often a certain stock is bought/sold by several usernames quite consecutively, so at least I, being a doubting Thomas, think there’s some degree of coordination here (imo). Same old song on the neighboring forum
 well, there are perfectly valid reasons for an even bigger drop, so the ground is fertile for a >50% fall from the peaks (5.66) when nearly 40 percent has already happened..

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Now this is interesting news:

Neste to the moon😅

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There was so much incorrect information in that stock exchange release that a new release was already issued stating that the block trade has been cancelled.

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Share buybacks almost ceased when shares were cheap in 2020 and accelerated to record levels as prices rose to record levels in 2021 - 2022.

The stock market is indeed the world’s only store where people scramble for premium-priced goods, and when the sale begins, they run away (at least those buying back their own shares). It is also comforting to see that for some others, timing the market is even more difficult.

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