Member Info for Beerbull

Which is why in my opinion, shale are having to run to standstill, more capital will be less forthcoming for new developments, unless debt can be paid down. If your not a big oily it looks very ugly.

Monetise Zama, the solution

Zama must be a duster & obviously Catcher is pumping H2O, Tolmount, Big P, surely figments iof the imagination. As far as the market is concerned the only truth is POO & debt.

Saw a similar message on Bloomberg, one of the big cheeses from Allianz said they weren’t currently touching oilies because of the volatility. Unforeseen consequences of a potus playing with his toys.

I guess it doesn’t help that the recent price increases happened when the UK market was closed.

I like your comparison with tobacco Romaron, just need Enq in time to be seen as a dull cash cow & income/value investors will come...

I bet Trumps insiders are long....

I’m repeating myself here, so apologies, a mate of mine with experience of AB, described him as a souk trader. The point I believe he was making is that AB drives a hard bargain/ great negotiator , maybe this is why although getting a great price for (Kraken came in well under budget) the fpso, has had can I say quality issues.. However, the point I’m trying to make is that AB is hard wired to get the best deal (aka Magnus), so if he is paying 20p plus ENQ shares that tells me that they are cheap!

Probably over simplifiying, but my house runs on kerosene heating oil, we are currently sitting on approx 2000 litres of the stuff. It’s great for keeping us warm, but useless for running my car or anything else in fact. Maybe this is the problem yanks have with all that light/condensed oil they are pumping & now storing.

I’m thinking along the same lines Pelle, if AB can buy Enq, on the cheap, now that all the costs & risks have been sunk, must have crossed his mind.

True shale growth has been phenomenal, based on economics of the madhouse. Unfortunately refiners are not set up for the light/condensed oil they produce. The more they produce, more opec/Brent oil will be needed to blend with it to make it useable. This is not a black & white scenario, unabsorbed Stockpiles & Inventory levels only tell part of the story.

You can bet that Trump & his compadres are making a mint out of his manipulation. Anyone who states that tax avoidance is smart is morally beyond the pale.

Kraken Looking very good, Trump will do a deal if he is to get re-elected. Soon be firing on all cylinders assuming oil reacts to trade deal.

Morning Epiphany, at this point in time, given the low WTL price, I think cash flow is the primary motivation, regardless of whether their is any profit for frackers. The lower the oil price, the more independent frackers will have to produce to prevent breaching covenants. Economics of the madhouse, which will ultimately hit a big wall, when finance won’t be available for sinking into new developments. In time hopefully this will force financial discipline as the big boys step up their operations. Interesting times, but economic sense will prevail in capitalist USA.

Just need a few broker upgrades. Personally I trust the opinions of this board, rather than Barclays etc, hopefully AB & all here will be proved correct... time will tell.

C’mon Members cheer up, it’s the weekend.

Looks like Opec+ have agreement on extending cuts into 2020, confirmation early July in Vienna. Should put a solid floor under prices.

Only £1.40 ...

Russia talking about increasing production, maybe posturing before next opec meeting...

Member, we can always depend on you to find the negative. Mate your going to make yourself ill. POO rising enjoy the ride back up, even if it’s not as quick as we’d all like, but maybe that will lower volatility.