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Just watched Horizon about the Coronavirus, it to 5 years to find a cure Ebola, 3/4 months according to researchers is not going to happen re a cure fore this killer virus.
10 million barrels per day are to be cut by OPEC and another 5 million barrels from countries outside of OPEC is expected and possibly announced tomorrow from the G20 meeting ,plus shale decline from US, so we're looking at 15+ million barrels coming off the market for the next a couple of months.
I will help some in the short term.
Someone likes Tiziana.. up 20%+!!
Let’s hope for the world, they come good.
Agree the cuts of 10M bopd are insufficient to offset the falloff in demand esp with the reserves built up so far so there will be a pull back on Tuesday. The good news is that Hurricane withe their low debt and low production costs will continue to bank profits unlike many who will produce at a loss and risk damaging older wells with a lock in. Lockdowns will continue for most places around the world until May and there is unlikely to be international air travel before September and forget cruise ships until a vaccine to prevent/drugs available to treat the virus. On the plus side, several drugs currently being trialled around the world including by UK listed company Tiziana Life Sciences, so every chance a successful treatment for severe cases of Covid19 will be available within 3/4 mths. Also, assuming lockdown in UK relaxed by Jun, Hurricane will be able to hold their CMD with 12 months EPS data available which will hopefully enable Dr T to confirm the validity of the reservoir model and prove up the reserves associated with Lancaster which will be a major boost to the share price.
thestreet,
"Anyone got any news on the next drill?"
Nope.
Or if they have, I hope they'll post the link here.
I posted the flare news the last twice question is can I do it 3 times in a row?
Anyone got any news on the next drill?
Copied from Hur Facebook page yes I’m still here watching..
I notice that the Paul B Lloyd Jr drilling rig departed Olen, Norway on 29th March and has been anchored in the narrows at entrance to the Cromarty Firth for about a week now. Has this year's drilling programme been put on hold or is it just there to pick up supplies?
[https://www.marinetraffic.com/en/ais/details/ships/shipid:738026/mmsi:576364000/imo:8752934/vessel:PAUL_B_LOYD_JR](https://www.marinetraffic.com/en/ais/details/ships/shipid:738026/mmsi:576364000/imo:8752934/vessel:PAUL_B_LOYD_JR)
I think the only good thing about Mexico is the food.
Hope everyone enjoyed the blue day today
Market dont like cuts
Hopefully not a big nose dive