Member Info for AquaeSulis01

With a reducing Brent Crude price and increased water cut I suspect today will provide a buying opportunity rather than an opportunity to sell on a spike

Published today

https://www.*************.net/open-orphan-expect-some-quite-substantial-contracts-interview/

With your luck Daltry you'd probably end up with a male nurse

https://www.theguardian.com/world/2020/apr/20/oil-prices-sink-to-20-year-low-as-un-sounds-alarm-on-to-covid-19-relief-fund

US oil prices turned negative for the first time on record on Monday as North America’s oil producers run out of space to store an unprecedented oversupply of crude left by the coronavirus crisis.

The price of US crude oil collapsed by more than 105% to -$2 per barrel in a matter of hours, forcing oil producers to pay buyers to take the glut of crude which they cannot store, as rising stockpiles of crude threaten to overwhelm oil storage facilities.

The crash in demand caused by the Covid-19 pandemic also forced Canada’s benchmark oil price to plunge into negative territory for the first time on Monday.

Yes oil price is a shocker at the moment and difficult to see it recovering this year. Aussie Tourism Minister has advise their folk not to book foreign holidays this year as unlikely to be any international travel until 2021 so bang goes my dream cruise booked over a year ago for Nov 2020 :(

https://www.dailymail.co.uk/news/article-8215577/Australias-tourism-minister-issues-warning-international-travel-unlikely-resume.html

Key bullet points are:
- preparing the UK as a leader in clinical vaccine testing and manufacturing, working with companies already at the forefront of vaccine development
- reviewing government regulations to facilitate rapid and safe vaccine trials
Simplifying the regulations will benefit ORPH's development of a Univeral flu vaccine with or without Govt funding

Must admit I enjoyed listening to the yesterday's virtual presentation. I didn't agree with Cathal's analogy of flu-v being akin to a lottery ticket which you have a remote chance of winning with else no added value, it is more like a 10000 block premium bond holding which statistically will return a small uplift but may also result in the big prize.

Yes available here

https://www.youtube.com/watch?v=16jkylVOlLs

Ty for the feedback kajo

HUR not but dang interpretive text

But operating costs are $17 per barrel

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.

Notice this was Tom Winnifrith's "tip of the year" but can someone tell me what the company's very expensive ovulation tracker can provide that a Basel thermometer and free period tracker can't?

Breaking news "Merkel says tighter measures to slow virus likely unnecessary" all will help demand recovery

Should be another blue day tomorrow

https://www.marketwatch.com/story/opec-is-set-to-face-oil-challenges-head-on-in-thursdays-virtual-meeting-2020-04-08

https://www.marketwatch.com/story/opec-is-set-to-face-oil-challenges-head-on-in-thursdays-virtual-meeting-2020-04-08

I suspect they'll take the middle ground and suspend the dividend; after all Tesco along with other supermarkets have taken advantage of the generic business rate holiday even though they are one of the few businesses to have benefited from the current crisis.

It's a free podcast so worth a listen yourself spencer

https://www.*************.com/views/47892/free-podcast-*************-radio-edition-27-with-tom-winnifrith-cathal-friel-of-open-orphan-and-11-stocks-to-go-to-zero

deepjoy, you sound more like a day trader than someone invested in one of the few companies in the current environment with a sustainable future. Tom's comment today sums up the madness of the bearmarket bounce that is going on at the moment, go invest in one of them instead if you're feeling lucky.

"Shares in utterly bankrupt and worthless Intu (INTU) are up by 10% today. It is one of those days when folks just assume the best in everything. The worst recession since the 1930s, sod all earnings visibility, looming mass unemployment? Who cares? Just Fill Yer Boots! In that vein, shares in Cineworld (CINE) are up by 44% at 57p despite a dismal Covid update telling us nothing we need to know at all. Other than that the board are greedy bastards and you & I are subsidising that greed!"

Analysts forecast Tesco pre-tax profits will increase from £1.56 billion to £1.85 billion for year up to Feb 20 (s.ource Daily Express Cit and Business News Monday 6th April

Even if/ when an agreement to cut oil production is reached supply will still exceed demand for at least the next quarter. I suspect Brent crude will average in the high $30 for 2020 and high $40 s for 2021. International travel will remain severely reduced for at least a year and even road transportation will remain subdued now that people will have adapted to home working on large parts of the economy. Throw in a deep world recession and you have to be an extreme optimist to see oil prices reaching and holding a $60 average before 2022
https://uk.finance.yahoo.com/news/oil-drops-over-1-oversupply-023242192.html. https://www.bloomberg.com/news/videos/2020-03-25/vitol-says-oil-demand-is-down-as-much-as-20-million-barrels-a-day-video