Member Info for BigBear2

Imho it’s a disappointing appointment.
They. Needed a big name but what we have is someone with experience in the region trying to make a bigger name for themselves plus he does not start till July so no deals till
After then.

Hope you are correct but is he the big hitter hoped for?

New ceo

Needed tomorrow

I have not got a scooby why we are not getting our customary kick in the gonads.
Aside from the fact we have excellent hedging in place and and enviable portfolio of assets (since when has the mkt valued us fairly) why are we not receiving the usual 2 footed tackle?

Yup but still the gap in unprecedented

Almost at 14 staggering gap to Brent v surprised we are holding up so well considering the mkt loves to give us a huge kick in the nuts for even a minor blip in POO

Imho Brent will hit 20.
We are 30 mill barrels daily oversupplied cuts amount to 10 to 20 and have not kicked in yet.
The question we should be asking is what happens when storage is nearly at capacity.
I’m a holder at a higher average but am somewhat surprised to see the naivety at the pickle not just tlw is that n but the whole oil industry.
Add to that trump has artificially pumped equities and you have the perfect storm for the mother of all crashes

Nothing happens fast here and in the current environment any asset sale or farm down would be at a low price due to POO sentiment.
Having said that EXXON have just raised 9 billion so a farm in to our Guyana acerage and take over as operator is a no brainier

Back to sleep for another year
SL sanctum possible when POO back to 60 which is likely 12 months away

Overall take is cut needs to be double what it is to stop storage filling.

More likely these old duffers have been on the port again and have forgotten

From my understanding the deal depends on

US agreeing to cut
Saudis agreeing to cut based on before their increase

Still nothing

Need not to be the same old guff.
Hopefully as the cash is running low they will do something meaningful.

@.65 must have been a tough one to stomach.
I have a few of these in my sipp at what I thought was an ex excellent price of 1.5p!

the longs won't give a flying f*** about this meeting..

err if we open @ 15p the day the longs (inc myself) will be very concerned I would say.

Although I am v happy about the reversal I am concerned storage is filling up and there is no near term resolution for flights resuming

OPEC meeting on Thursday I am expecting a big swing either way of around 30 percent

These lot have likely nodded off and forgotten.
Meanwhile huge spread back

Why is this still at a premium to placing?