The recovery from Mondays low will be shortlived imo. The Kuwaiti oil strikes can't last long and Kuwait has already ramped up half of the production already. $20 oil may become a reality if that happens.
Legends Give me yer tak oh finance? Will it be the Hedgies that git it? Big oil? Small oil plus private equity? Complete take oot and by whom? I know once finance is done, FDP will come very speedy like? Knowledgeable oilfield investors invest Simples :-) Oh, and there wis that 1 million from statoil we still hae tae git that Rup told us he wisnnae worried aboot ie it's in the bank? That's whit he said wisnt it? Lol :-)
Who knows, finance sorted , FDP and heading for production, rising POO and II aboard could cause a massive surge. I didn't predict £4 in 2010 based on a simple flow test. Remember the rise the last time was just post low poo and post bank collapse. All the experts were predicting a 20p PoO and now they are predicting it rising throughout the year.
Does anyone know the actual terms and conditions of the bond deal? Legends you seem a pretty clued up guy, are you aware of the key points of that deal, have they been released for investor consumption? If not can we ask all parties to request that detail. This is not a idle request but one I believe is very relevant to this BB?
Any input on this subject would be gratfully received
wow that Telegraph article is preety scary stuff! Nice one TB. All points to Q3 big rise in poo if not earlier. Now that is what they are waiting for..... I do hope Rupert is up to this job? Would just over a quid a share be ok with you Rupert?
I must admit I am surprised how quickly oil has recovered after its sell off after Doha talks failed. If you read zero hedge website last night you would be forgiven for thinking oil would return to the 20s. It may be a few more months yet, but I can see a return to $60 oil before the end of the summer.
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