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yep, silence here beyond belief from the savp management!
This article says Trump could impose a variable oil import tariff to set the price of oil in the US to say a minimum of $50 and this could then, in turn, have a knock on effect to the world oil price.
https://oilprice.com/Energy/Energy-General/The-Cheapest-Way-For-Trump-To-Save-US-Oil.html
8pm please join in make some noise :)
End of quarter update is what has been touched on in post(s) here as a decent possibility and might well now be the Co's plan.. so next week at earliest for that.
And the longer they wait the more clarity they'll have on what's happening on the ground and what their revised operational plans are and any reworking of finances in light of CoVid 19 etc.
This is a very important update and I'd rather them take their time and be comprehensive in that update. ( and hopefully find/offer BOTTOM LINE TANGIBLE positivity too of course )
Again everybody’s up and we’re down.
What is this company doing exactly. Are they all on holiday or something. Presume no point calling as no one’s at the office.
Where is this ‘rns soon’ they kept saying in their email replies to some of the posters here?
I am expecting Niger operations to be postponed and possible payment issues in Nigeria. Hopefully those scenarios are already priced in. Once the virus retreats savp could be a great recovery play particularly if the Saudi Russian spat gets resolved
As if the company is determined to drag the sp lower and lower by saying nothing. Please management no news is seen as bad news.
Once again everyone else goes up apart from us.
So quiet for days have most of the regulars here sold out or what.
Keep safe everyone. Went grocery shopping yesterday around 5pm, it was calm and plenty of stuff available. Looks like finally panic buy has ended.
If this company actually exists. Communication, nil pointe!
Very best wishes cj and the value you add to the world is far far greater than I ever will ....and I'd guess perhaps many of the rest of us here too.
The Government and NHS seem to be doing extremely well in preparation towards giving our Health Service a good chance of not getting overwhelmed by this virus, so that gives great hope to me and I hope you too.
(ps Lombardy apparently had a uniquely unfortunate combined set of circumstances, starting with the virus getting there very early in a European context and spreading widely unknowns/semi unknown for a relatively long period ahead of lockdown...with a fundamental early problem tragically being infected GP's in their communities infecting on average approx. 10 plus patients - average is generally one person infecting just over two others apparently - a time, many of them old aged, when the GP's thought they were just braving a mild flu and had important work to do. Also optimal - cold - weather conditions for the virus to thrive and family structures involving the old co habiting and or socialising closely with significant numbers of wider family/friends across multi generations including a very tactile sociable orientation in large family gatherings in confined space environments. Also there are significantly more old people in Lombardy per head of population than the UK average too ( The average age of those who have tragically lost their lives in Lombardy, while coming down day by day granted - and I do of course get it's not a virus that just kills the old - is still between 78-79 years of age) Finally, the virus perhaps/hopefully seems to have peaked there over this weekend just gone too in terms of both deaths and infection rates, and Germany hopes to confirm similar on infection rates at least in the coming days and Spain within a week.
Thanks Kalan. No doubt it will be a terrible few months. From colleagues in Italy it's truly terrifying, 14 dead doctors, of those tested positive 8% are healthcare worker. Significant proportion of
hospitilized patients are under 50. I hope government go further with restrictions this week. Dedicated segregated areas in our A and Es and we are planning for mass admissions, mass ventilation 4 fold increase, likely to be 8 fold. Medical students will be drafted in, even vets, refresh training for me in ventilation (and my wife also a medic - different hospital). Likely no leave for half a year. Hope it's not as bad and would pray I'm proven wrong. Losing a bit money not that important, more annoyed no holiday in August most important we are healthy. All the best. cj
Agree 100% goldsmith - I would give them 9out of 10. Keep up the good work and thank you.
We should all be very worried. Panic no. Personally government I think are handing it well except for PPE supply shortages. Hopefully it won't be as bad as Italy. The hospital I work in have actually got good planning in place.
These two articles puts this 'panic' in perspective - well worth a read:
https://facts4eu.org/news/2020_mar_corona_spring
https://facts4eu.org/news/2020_mar_corona_italy
everything else up in the sector apart of course from this dog
: The extraordinary virtual leaders' summit next week will "put forward a coordinated set of policies to protect people and safeguard the global economy" : could that present the opportunity for Saudi to soften its price war strategy?
https://www.aljazeera.com/news/2020/03/saudi-arabia-urges-g20-virtual-talk-coronavirus-shuts-mosques-200318031540587.html
"Saudi Arabia plans to convene a virtual summit next week, bringing together the leaders from the Group of 20 major economies (G20) to address the coronavirus pandemic ......
The extraordinary virtual leaders' summit next week will "put forward a coordinated set of policies to protect people and safeguard the global economy"
https://www.aljazeera.com/news/2020/03/saudi-arabia-urges-g20-virtual-talk-coronavirus-shuts-mosques-200318031540587.html
Has a date been posted, yet, for our year-end results?
I see they were in March 2018 and May 2019.
Like I said a few days ago, I really hope that AK's deafening silence, still, is because savp is locked in sensitive negotiations in Niger, rather than a "hide behind the sofa" siege mentality. But somehow, with this covid-19 pandemic affecting North and South nations alike, I very much doubt now that any Chinese or Indian state entity is about to get into bed with savp in their Agadem blocks. And as for current cash payments on the Seven E business, well, others seem to have been satisfied with the silence on that issue as implying all is well.
Even so, these are the times when you sort out the real CEOs from wannabe ones.
Needed. On top of the much needed update on Niger, cash position and new Nigeria’s contracts, we need reassurance that the company is functioning well at this difficult time. Also the low oil price impact on Nigeria’s economy - will that affect our invoice payments/cash flow... though it’s world bank guarantee to some extent.
A lot of clarifications needed from the company.
A lot of companies (oil and others) have reassured their investors. Please management answer all these in one big rns. I’m sure you’re reading this board.
Hope all are keeping well. Savpers and all at Savp.
This seems to have been tried in a number of different places, for a while now and all of them claim positive results. What's surprising is that why they don't give it to everyone. After all, if the alternative is death there's no harm trying.
Australian researchers claim two existing drugs could 'cure' COVID-19 after patients they tested responded 'very well' to treatment.
....when the HIV medication lopinavir/ritonavir was given to people infected with the coronavirus in Australia it led to the 'disappearance of the virus'.
https://www.dailymail.co.uk/news/article-8115879/COVID-19-Australian-researchers-CURE-coronavirus.html
"Nigerian Minister of State for Petroleum Resources Timipre Sylva has designated 2020 as the “year of gas”, ........ While challenges remain, there will be opportunities for those companies that can find roles to play."
https://www.energyvoice.com/oilandgas/africa/228865/nigeria-puts-its-foot-on-the-gas/
no, he sold a few weeks ago and has been a total disgrace since then, in a time where we are all in fear for loved ones, jobs, investments etc, lets hope karma runs its course.
Kalan, the share price hasn't tanked because of this, where have you been the last few weeks "Mars"