RE: well well17 Mar 2019 20:56
Latest weather forecast at 2000hrs shows the weather window is indeed still very much open, and sea state decreased further. I would be surprised if BW do not go for it at First Light aiming to complete by early evening.
Hard to call what the SP will do first thing, but if the AM is still WoS it will IMO open higher, and will be very hard to buy below 50p if the FPSO starts to move over the buoy. I think and hope a successful hook up should or could see us testing 60p but the bigger fish will dictate this - some traders will take profits, some IIs may sell into the rise, I also think that a lot of declared and undeclared shorts may close first thing. Anyway, if we hook up it is another tick in the box no matter what the SP does.
I also hope that we will see the Leader move away from the Kraken in the next couple of days, into dock for maintenance and back out to Lincoln first or second week April
I do not see Foil being priced in and hope that First Oil and a successful appraisal well on Lincoln should send this over £1. All IMO and of course we need to get the bleedin buoy hooked up first.
Good luck tomorrow anyone buying or selling, it could be interesting.
All IMO