The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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U.S. crude oil inventories decrease by 6.4 million barrels
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.4 million barrels from the previous week. At 453.6 million barrels, U.S. crude oil inventories are 3% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 19, 2024.
https://www.oilandgas360.com/crude-inventories-4-19/
To me you wouldn't put out such a statement unless you were pretty certain that it was all over but the shouting and that the partnership will definitely get the go ahead.
I'll take it as a serious positive.....
Wintershall Dea said on Wednesday that the current management board will step down after the transfer of its non-Russian oil and gas assets to Britain's Harbour Energy.
CEO Mario Mehren, COO Dawn Summers and CFO Paul Smith will remain members of the management board until the transaction closes and will then resign from their mandates, it said.
Stefan Schnell, currently senior vice president of Group Reporting & Performance Management at BASF, will be proposed as chairperson (CEO) of Wintershall Dea as of the closing of the transaction, expected in the fourth quarter.
Larissa Janz, vice president of special projects at Wintershall, would then assume the role of deputy CEO.
Harbour Energy agreed in December to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with co-owners BASF and LetterOne that creates one of the world's biggest independent producers.
Upon completion, Wintershall Dea's main tasks will include handling claims related to the expropriation of Russian assets, the sale of remaining assets and the closure of the headquarters' units in the German cities of Kassel and Hamburg.
Some 850 employees work at the headquarters, it said.
"To implement the required restructuring and ultimately the closure of the headquarters in a socially responsible manner, the company is currently negotiating a reconciliation of interests and a social plan with the works council," it said
ISRAEL STRIKES 40 HEZBOLLAH SITES IN SOUTH LEBANON
Hormuz coming ........
Russian, Ukraine
https://www.newsweek.com/ukraine-russia-drones-oil-refineries-smolensk-1893541
So another good market day that we appear to be missin out on. FTSE has run to an all time high but HBR just gradually drops
Perhaps nudging 300 the other week gave the price a nosebleed - at least we are holding 280 (290 pre-divi). Hopefully the run up to results will generate some interest
Another risk for Zama.
https://www.reuters.com/business/energy/mexico-oil-firm-pemexs-debt-with-suppliers-rises-173-march-2024-04-22/
Pretty quiet here today, even the loonies are on holiday.
https://www.***************************/harbour-energy-plc-23.1-potential-upside-indicated-by-jefferies/4121152599
Strange harbour is up considering oil is down. Trading update on the 9th May. Maybe some buying ahead of good news.
That's probably why its quiet, we're all waiting for news and more towards the end of the year . When hopefully this share will finally deliver
Very quiet here these days.
Harbour knocking out approx 480k per day but both gas and oil down I thought we suffer a bit more.
Can wait for next month as expect us to get going them with multiple news fronts.
Onwards and upwards……
Https://uk.finance.yahoo.com/news/harbour-energy-plcs-lon-hbr-084128444.html
So we know Slim has taken control over one of the Mexican deep water developments from Pemex.
I would imagine this is mainly due to the fact they are potless.
What if our Slim has a plan to take over the partnership or running of Zama?
Could that be why his company are buying into Harbour and Talos.
Stranger things have happened……
https://www.upstreamonline.com/field-development/mexican-billionaire-takes-control-of-deepwater-gas-field-from-pemex-report/2-1-1629541
Https://oilprice.com/Energy/Crude-Oil/Big-Oils-Carbon-Capture-Conundrum.html
You not embarrassed Rookie simple solution pop the trade up it's not rocket science
Well unless your sat in an office with the other traders pretending to be investors then I suppose posting a trade from a private account would be difficult 😂
Or just paid to post like the other muppets that dont even know what a trade looks like
Back to you coco
Oh dear jefff, why on earth would I make up that I sold at a loss at 297 and bought back at 279? 😂 your heads full of magic mate.
The only poster who waffles on about multiple account posters and is infact the one with multiple accounts. 😂😂😂
What a loser.
Worth noting Pemex were due to finance Zama to the tune of 1.2$ Billion this year and then after a “Rethink” it was agreed they would only pay 74$ million into Zama this year.
Total capex in lifetime of project 45$ Billion.
Very interesting Kign.
Pemex don’t have pot to xxxx in which is one of the major reasons it’s been delayed.
Also Harbour don’t currently have any money to progress and don’t forget we will own over 30%.
We also won’t want to borrow any money that will damages our expected investment grade standing.
Where as Slim has major holding in many fields and the finance to progress these things.
Will we progress next year when we might have enough to finance, take the cash as Mexico is another case. We shall see…
Carlos looks busy: https://www.reuters.com/business/energy/mexicos-pemex-hand-over-natural-gas-project-business-magnate-el-heraldo-2024-04-18/
Taking your time there coco
Jefferies Financial Group Reiterates "Buy" Rating for Harbour Energy (LON:HBR)
https://www.marketbeat.com/instant-alerts/lon-hbr-reiterated-rating-2024-04-18/#google_vignette
Disney world in your head a bit like your so called investments
Up you pop coco 😂
course you are rookie only way to solve it pop your trade up it was only yesterday.shouldnt be too hard to copy and paste.as for me great fun winding you so called investor ****wits up.jeeze you must he the only so called trader that continually buys at the top fear mongers and sells at the bottom
come on sure the real investors would love to see a copy of your recent trade
coco 😂
I’m in tampa, Florida as it happens jefff/jackabe. Unlike you I don’t sit on this all day while on holiday.
Hey jefff, remeber when you missed the jump from 2.40 up to £3.10 and openly jumped in saying you hope it still has legs? 😂😂 on here playing the all knowing trader with me you little tool.