Member Info for 34adsaddsa

This is probably easy for me to say because my average is low, but I think you should chill out. The route looks increasingly clear in my view:

Covid numbers continue to drop.
Vaccination numbers continue to rise.
Boris announces shops to re-open in early April.
Banks continue to waive the EBITDA covenant because CF is a good business with a serious temporary issue and doesn't require additional debt facilities at this time.

The main hump is the end of this month. If they waive the covenant then that's the tell they won't force card to issue more shares unless they actually run out of cash. That's won't happen on the above timeline.

Exxon went ex-dividend today.

People selling here are being very foolish. They will be soon be full of regret.

The Covid trajectory and consequently the likely re-opening date is all that matters to the share price at the moment. It's what their lenders will be looking at.

Having a German partner is somewhat reassuring. Reduces the chance BP have gone totally crazy.

They've already said they aren't going to do that. They're going to keep the dividend flat and do increasing amounts of share buybacks. At $60 oil they expect buyback expenditure between 2021 and 2025 to sum up to slightly more than dividend distributions.

The gunslinging days of Paul Welch trying to take on a "significant package" of assets from BP seem to be behind us but I wonder if SDX might have a pop at farming into Pharos' quagmire in Egypt.

Pharos are looking to farm out a 30% interest. Perhaps an SDX-Transglobe double act?

40p today