Strange coincidence. I've just posted the link to that programme over on the 'shareholders' forum site. Just found it while doing some idle research. It was initially aired on the Discovery channel back in August. A bit over-dramatised, but good viewing. I've a funny feeling it was the 'Emme' which came charging past us while I was on a jackup rig tow going towards Nigeria. Or was it somewhere else? Now I'm going to have to check through my photos. 'Slow steaming' indeed... Those blue ships move at a cracking pace.
I've refrained from the recent correspondence 'bashing' you. But now you've gone too far.
Personally as a private investor putting some hard-earned cash into an industrial outfit with a good future and outlook, I have absolutlely no interest in ensuring the MMs being able to 'balance their books', nor whether they lose their jobs, cars, houses, nor jump out of the eleventh-strorey window.
Your message has now disclosed your position, so let's have done with it. We (the PIs) are fed up with your negative rantings. Go look for shares on sale to 'balance your books'. You ain't getting any of mine.
'Risky'? You don't know what the word means. But you will.
There is always much talk about MM manipulation. Despite the shenanigans that go on the MM always like to balance their books at the weekend and rarely go into the weekend long or short on a stock. It's too risky for them. Just google some of the YouTube talks by them, or actually talk to them in person. Just look at the date where the SP fell from the 40's and correlate that with the corresponding news and you will find out why the SP has fallen to where it has stabilised. Only the much long for contracts announcement which will bring back more buying from all will shift the SP north. Bring it on!
Moneygrabber, distillates are not oil and gas, but are the more expensive derivative products distilled from oil, like diesel fuel, petrol, aircraft fuel etc..
Nimrod, MoneyG is correct regarding the spread. However, if QFI's royalty is variable with the price of oil or residue or HFO or msar, then the lower the price the lower the royalty - but remember it works both ways. There is always the chance that the royalty will be fixed.
The effect (not potential effect) of the oil price is that most of the shipping companies will be booking a massive increase in profits this year due to the near 33% fall in the price of crude. Carnival stated this last week. Cannot remember the figure but it is enormous. Just look at the recent SP chart for them. For QFI IMO in the long term it will be negligible because whatever the price of HFO, MSAR2 will be cheaper.
One thing is certain though, if the MM's are short of stock and any investor who's currently out of QFI is going to be sorry should there be a mad dash to buy the stock and find either they can't get the volume they want or at a price they want to pay. The AGM is Friday and in any case news can come at any time!
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