Member Info for Boyobach

Thanks astle - I missed that RNS. I see the overrides will resume with the February payment - they'll mark a significant boost to monthly revenue after a gap of 14 months. Presumably the override period will be suitably extended. It also confirms that reconciliation of the receivables is under discussion, so will hopefully be resolved shortly (although too late for the 2020 FY, of course). With Sarta in production the monthly revenue could start to approach 2019 levels and the sp regain the 175-200 range.

Meanwhile OP continues to inch upwards, making the prospects of back-payments increasingly likely.
https://invst.ly/td-pl

It's interesting to see the recent rapid recovery of GKP' sp - which appears to be based on continuing payments from the KRG and which are currently running at around 75% of the monthly revenue that G is achieving in net terms. Also worth noting, from their December update, that they had received a proposal to repay the arrears for Nov 2019-Feb 2020. They've provided no further update but it would be natural to assume that G are in a similar position.
In the long term, following the restructuring, GKP's sp historically ran up to around 10% above that of G - as per the old 'peak oil 2018' chart: https://invst.ly/td-hj . On that basis, GKP still has some catching up to do.

A nice contract win for Pipeshield (RNS).

RDSb seems to be following in step with Brent currently, with the gap-up of the 6th apparently having corrected for the earlier gap down on Dec21st: https://invst.ly/tdy7x
That isn’t to say that RDSb is necessarily constrained by OP - prior to COVID it was around 1900 at current levels of OP.
https://invst.ly/tdygq - however, I'm not betting on much further progress at present.

Ah! Well I wish you good luck with the trade DGR.

'but, this is the first time in 35 years the US did not have to import any oil.....'
Maybe not from KSA but I believe the US still has to import large quantities of oil as it does not produce sufficient amounts of all the grades it requires. In fact, in early December 'imports surged to levels last seen in July, US Energy Information Administration data showed Dec. 9.'
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/120920-us-crude-stocks-race-higher-as-exports-test-multiyear-lows-imports-surge

Among the many imports.....'American refiners have become the number one buyer of Russia’s fuel oil production. With Venezuelan crude squeezed out from the American market, Iranian exports kept at bay by means of a similar set of sanctions, Mexico remaining in decline and even acquiescing to a OPEC+ production cut, Russian fuel oil remains one of the very few USGC feedstocks that is still not too pricey and available in sufficient volumes.....'
(from: https://oilprice.com/Energy/Heating-Oil/European-Boosts-Imports-Of-Russian-Fuel-Oil.html )

I think 1400+ was a fair trading point today DGR, especially for those who had become overweight RDS during the buying opportunity presented sub £10. I am still overweight but halved the excess proportion as it touched 1430, even though it could well secure 1400 and continue upwards. The fact that BP (yellow in the chart) is lagging RDS on the way back up (despite performing better most of the way down) provides a potential second bite at the cherry if I conclude I've sold prematurely. It's never wrong to take a profit. https://invst.ly/td67h

..... pity about the gap. Maybe it'll be part of a continuation but otherwise expect the fill.
https://invst.ly/td0lj

Dollars out from the sky...the financials and 10Y Treasury yield now says inflation is going to be the result......
The Republican approach tends to be 'corporate socialism' - bail-outs and tax cuts for corporations rather than the population. This approach is defended by 'trickle-down' theories whilst ignoring the fact that it hides 'state intervention' (which Republicans supposedly eschew) and widens the gap between the wealthy and poor. US stimulus is currently running way behind many other economies and they could easily afford it if they reverse some of Trump's tax give-aways and ease military spending. The economic difficulties they face can either be addressed by hitting the poor or hitting the wealthy - I think I know which group can better afford it .

.........please copy and paste in full

I suggest posters should be aware of copyright rules. A relevant quotation from the article giving due credit and a link perhaps?

.... to see G break above the orange rising trend here that traces its highs since early September: https://invst.ly/tcyoa .
Also the prospect of breaking above the red falling trend that has marked G's upper limit since it reached £3 in 2018. A very long term view of the same chart puts this in context: https://invst.ly/tcyss . With Brent heading towards $55, the possibility of G recapturing key levels of 170p + becomes more plausible.

Re: Markhouse Dividend query:
I've not experienced anything similar (I'm not with IG)

RDS has outperformed my usual selection of peers since that fateful point in early June, when Brent was $41, which marked their mutual and steady decline despite a generally upward trend in OP that continued to September and then, after a volatile and negative spell, resumed in December:
https://invst.ly/tbqny
However, a longer term comparison puts this in context and shows how RDS has yet to catch back up with its US contemporaries and regain the kind of form it was enjoying pre-Covid at the very start of 2020:
https://invst.ly/tbr1q
Plainly, if OP was the only factor, RDS could be somewhere in the region of £17 today so, along with the others, it is lagging Brent by a fair margin. Even if the commodity hit $60, which most pundits do not seem to expect imminently, it seems RDS would struggle to regain £15 based on last week’s performance (and an increment of 20p per $1 of OP).
Of course, we must not forget that both OP and OIl Co shares reflect the market and each other but, nevertheless, Char’s prediction of £18 in 2021 seems a tad optimistic to me.

doh! - here's the Chevron comparison .....https://invst.ly/tas0-

...show how G has underperformed against OP since August. Bear in mind that most oil co's have performed worse:
https://invst.ly/tarwy
The most cheerful comment I can muster is that for G to be just 10p 'below par' given the headwinds of COVID, OP and KRG issues, is pretty remarkable. Just look at how Chevron (arguably the gold standard this year) has fared over the same period: https://invst.ly/tarwy

Thanks Bunks - I guess the RNS was late showing up on LSE although it's there now?
A slightly disappointing number for Taq Taq - lowest since June I reckon - whilst Tawke is the highest since January according to my notes . I make total revenue for the year to be around $170m and the current monthly income from production, which excludes overrides, to be about 50% of what it was prior to 2020. In addition to the lack of overrides, this year's income is missing four deferred months (for Nov19-Feb20 production inc) but benefits from $51.5m of payments that would ordinarily have been received in 2019 and which include overrides. Please DYOR research to confirm these numbers which are for discussion and should not be relied upon.
I see that Sarta income should be evident from next month onwards.
Mrs Klassic may have to wait a long time to see £3 again. Bizarrely, however, I'm probably doing better with G than at any time in the last two years, so I can't really complain.

Wishing JL, and all here, health and happiness in 2021.
Hopefully G will deliver good performance too!

Looking at G since Jan2nd against the usual suspects, it's done well overall, top of the bunch in fact:
https://invst.ly/t8znt
Just needs to start getting paid some of the arrears in order to make real headway.
Merry Christmas All!

Interesting to see the chats here over the last few days - although some posts are a bit too long and rambling to bother with. RDS, meanwhile, still leads the usual group as far as performance in Q4 is concerned, being about 40% up over the period: https://invst.ly/t8v9r
In context, though, both RDS and BP are bottom of the group for the year:
https://invst.ly/t8vil so they do have some catching-up to do.
Meanwhile, are the write-downs going to affect cash flow? - No.
Could write downs in asset values have accounting benefits? - Possibly.
Unless OP continues towards $60 - which seems unlikely at present - I doubt that RDS will make much progress from current levels.