Member Info for chilting

Thordon
Its still worth considering top slicing, no matter how good the potential is - things can go wrong that are totally out of the control of the company and with a small company, that is far more likely to happen - I always aim for a balanced portfolio - there are plenty of other good prospects out there - spread it around a bit.

The constant need to, service debt, find capital for new drilling projects and purchasing new assets to maintain production levels rules out dividend payments unless the price of oil stays high for an extended period - it really would just be the cream from the very top.

You may well be right Tom - maybe after being disappointing so many times by this equity and mainly loosing, I am becoming over cautious - its the constant problem of matching Enquest's performance with Brent - as was so well demonstrated today.

Kraken
Yes, the US are doing well but it will need the whole world economy to at least start to get into gear to push us into an oil shortage - at the moment OPEC+ isn't even breaking a sweat to keep up with demand.

WTB is a safe bet for any portfolio as we head out of Covid with the promise of bumper bookings this summer, boosting profits.
The very fact that our European neighbours have handled Covid so badly seems set to turn us into an island fortress from the continent this summer - meanwhile with the US and Asia also getting Covid under control we could see a good influx of tourists from further afield into London.

I don't quite see a buying opportunity yet. Not because of Enquest but because of Brent. If I was still invested, I would certainly hold.

No doubt Brent will rise, and it could rise substantially, but the root cause of all our problems still remains and the problem is that so many Governments around the world are are making such a hash of handling Covid and the vaccine roll out that the recovery has stalled.

Not that you can just blame Governments, people are just failing to take basic precautions that could make all the difference.

For once the UK has got things right after a shaky start, not just with the vaccine roll out, but our Health Service at all levels has been magnificent - as this story apply demonstrates, sometimes you have to cut corners to make things work.

https://www.bbc.co.uk/news/health-56508369

Certainly a strange situation at the moment with the bid and offer both at 6.3p - it will be interesting to see that that develops.

The Directors are certainly best placed to judge the amount of new business that is likely to surface as a result of Covid.

Anyway, it looks like the buyers are back - around 19p seems to be the bottom.

PYUECK
You are referring to the standard regulatory garbage that appears for transparency at the bottom of all annual reports.
Please don't confuse investors by overemphasising its importance.

Nothing to surprise or scare the market in today's results - Brent looks to have found a new level for the time being - it could be that the SP doesn't respond much today and then continues its steady rise over the next few weeks.

Ceres appointment of William Tudor Brown MBE as a NED.

Tudor was Chief Technology Officer and Chief Operating Officer at ARM Holdings.

The inevitable conclusion then is that John Lewis doesn't have a future in bricks and mortar, other than maybe as an add on to Waitrose. The department store chain will simply fade away.

One thing to note, the Basingstoke store was only built in 2015, it has a Waitrose attached - the Waitrose will remain open and the John Lewis will close. if they are closing modern stores - what hope?

As Neil points out, even Waitrose has lost its shine along with Ocado Retail, their overall sales must have taken a big hit last September despite their reported surge in sales at Waitrose.com

Does the John Lewis Partnership have a future online? - the website is doing well now, due to their high profile, take that profile away by shutting stores and customers will simply migrate to Amazon.

Even seemingly small shocks may have large effects. Can they help explain a spike in oil prices?

In February Venezuela cut off oil sales to ExxonMobil during a legal battle over nationalization of the company’s properties there.
In late March saboteurs blew up the two main oil export pipelines in the south of Iraq—cutting about 300,000 barrels per day from Iraqi exports.
On April 25, Nigerian union workers went out on strike, causing ExxonMobil to shut in production of 780,000 barrels per day from three fields.
Two days later, on April 27, Scottish oil workers walked off the job, leading to closure of the North Forties pipeline that carries about half of the United Kingdom’s North Sea oil production.
As of May 1, about 1.36 million barrels per day of Nigerian production was shut in due to a combination of militant attacks on oil facilities, sabotage, and labour strife.
At the same time, it was reported that Mexican oil exports had fallen sharply in April due to rapid decline in the country’s massive Cantarell oil field.
On June 19, militant attacks in Nigeria caused Shell to shut in an additional 225,000 barrels per day. On June 20th Nigerian protesters blew up a pipeline that forced Chevron to shut in 125,000 barrels per day.

Each of these events clearly registered in the spot market. It is not implausible to believe that, arriving in quick succession, they contributed heavily to the rapid acceleration in the spot price of oil.

Is this fact or fiction - if it is fact what happened to Brent.

BBC News said it had been cleared on their lunchtime bulletin - seems they made a mistake.

A good lesson in how quickly the market can change this morning.
What seemed a sure fire blue day looks like it will end wiping out yesterdays gains.
There is always tomorrow.

I am hypothetically much happier being a shareholder with M&S than I would be if I was a shareholder with John Lewis - they don't have shareholders of course.

M&S seem to have laid good plans for the future and although they may be rather slow acting on them, I am content to wait.

John Lewis on the other hand seem to be making it up as they go along, the CEO doesn't have a retail background, she was a Civil Servant, seems out of her depth and is frankly a snowflake.

They just seem to have rolled over with their legs in the air. The big idea now is to tag on small John Lewis departments to their Waitrose stores - more of a case of rebranding homeware in Waitrose with the John Lewis logo.

Now cleared.

I think that it already has reversed Aquaesulis - should be good news for Ceres along with the news that the Government is to fund hydrogen production - jointly £10 billion with industry.

https://www.bbc.co.uk/news/science-environment-56503588

mrc
Look on it as an engineering challenge - get it sorted with the help of Government funding and it could be very lucrative.