Evil Diaries: Oil Over The place

There is, it is said, lots of oil around but much is far from politically safe and therefore Chariot (CHAR) off the coast of Morocco is not as attractive as Pantheon (PANR) which clearly has a massive oily acreage in Alaska. But these things take time to be proved up and, although the management of PANR is regarded as well up to speed, the expected eventual bid (at comfortably above 100p) will not appear, it is said, before 2025. I sold 250,000 at 36.2p and regret this. But cash is needed for domestic matters and CHAR which I pocketed at 9.3p.

Cavendish (part developed from Cenkos) are still bullish but, it must be said, CHAR is taking its time.

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Yesterday Rupert Lowe (of Reform UK) in the DTel laid into the FCA, an organisation which strikes me as very expensive and, time and again, intrusive with its compulsory and insulting drivel. Rupert did not adduce figures but the FCA spends well upwards of £500m p.a. of investors money and wastes it on a gargantuan scale.

Some years ago I had to endure some fools at the FCA compounding Charles Stanley’s breathtaking caddishness which I presume was forced upon them by the FCA. I was so incensed by the FCA’s behaviour that I gave their enquiry officer a very brief piece of my mind and slammed the phone down. Of course, I did not achieve anything.

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DARKtrace reported this morning. I have been told to doubt the figures. But it is irritating to see the stock so smartly higher. However, patience is a virtue and, one day, I’ll bank my dividend.

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The weather at Liverpool is tending to the damp side but it ought to ease off. This suggests that Panda Bay may be the answer in the Grand National (4.00 p.m.). But I would prefer to see what the going is like at around midday on Saturday before plunging. I apologise for being so equivocal.