Member Info for chilting

Its not that clear what they budget for Kraken is because that include Catcher in the same calculation but the total budget for both is around $10m. I am not sure what percentage of Catcher they own.
This is what Cairn say -
"Both fields are expected to enter into their natural decline phase during 2021, and our focus is therefore on arresting the underlying decline rate and potentially extending field life by maximising FPSO performance efficiency, process optimisation and maturing further drilling opportunities. The next step on Catcher will involve a new 4D seismic programme in 2021 to better define reservoir targets and potentially unswept oil, prior to a potential infill and satellite drilling programme incorporating some of the deferred activities from 2020. Additional potential in the Kraken field lies in the western flank where work continues."

The latest update says this about Kraken -
" Kraken continues to offer further near-field opportunities through the evaluation and development of the western area, which holds an estimated 70-130 MMbbls of STOIIP and the Group will look to develop these prospects when oil prices are supportive."
So. it seems no commitment to new drilling yet - fingers crossed for the production forecast at the next update.

I think that there must be some underlying institutional buying here that is supporting the SP.

Regarding a rights issue - they only need working capital - so I guess an accelerated book build is more likely, as JDW have done, at a fairly modest discount to the SP - this would be a reasonable outcome for long term holders, especially with the current SP.

This is the link that explains my las post about the US subsidies.

https://www.eptrail.com/2021/01/17/it-is-time-to-update-fossil-fuel-subsidies/

Regarding US shale - it will be interesting to see if Biden makes a move to stop these stealth subsidies for US fossil fuels - he would have get through legislation in Congress with some Democratic Senators representing oil states.

Nice to see Brent holding the new years gains - there are bound to be peaks and troughs but the bottom line is that Brent is up $4-5 dollars - good steady progress towards recovery with $60-65 possible by Easter - far better than things looked in the Autumn.

The volatility is bound to increase - simply more share value in more investors hands as the SP rises - less sticky hands now.
The true value of ITX will only become apparent when we get the next update - then we can asses the market cap - until then its all driven by potential and sentiment.

Cairn seem to indicate that a drilling program in the western sector of Kraken will be necessary in 2021 to maintain output as they expect the field to naturally decline. I guess this brings development of the Bressay field closer.

Honda has been a development partner for quite a few years - I guess this is a development of that partnership rather than as the FT states a new partnership hence the lack of an RNS - any development has to be good news.

https://www.londonstockexchange.com/news-article/CNE/pre-close-update/14833036

Equity raise at Wetherspoons by accelerated bookbuild representing around 6-7% of share issue - the second since Covid.

elliott and Valueplay
To gain access to the password protected items all you need to do is to provide an email address and password then confirm access when you receive an email invitation - that's all.
I had a quick look through the other documents - they provide much more insight.

Its certainly a good idea to top slice your profits at some stage, then invest in something completely different.
The aim should be to have a balanced portfolio of around six to ten different shares - not that it always works out that way.
If you can just leave profit in an individual share as a long term hold that's great - especially if they pay a dividend or are likely to in the future.

Most of the info can be found clicking the blue Paper no 1 on the link.

Here is the latest in a long line of legal challenges - if you use the quick search on this website and type in Ocado you will see what I mean.
I guess those who understand all the legal jargon and have access to all the links know what is going on but its all beyond me.
The main thing is that apart from the when we got the first news there doesn't seem to have been a major impact on the SP, so I guess that we can conclude that this is all a storm in a teacup.

https://portal.unifiedpatents.com/ptab/case/PGR2021-00038

More good news for oil shares - it has to trickle through to ENQ eventually - especially with the strong link to Brent.

CREDIT SUISSE RAISES ROYAL DUTCH SHELL PRICE TARGET TO 1,815 (1,715) PENCE - 'OUTPERFORM'
CREDIT SUISSE RAISES BP PRICE TARGET TO 380 (365) PENCE - 'OUTPERFORM'

And a Valentine from HSBC

HSBC RAISES MARKS & SPENCER PRICE TARGET TO 170 (155) PENCE - 'BUY'

That was back in the Revolymer plc days - that UK business was sold and they brought the US business Itaconix.

Lots of people will remember Revolymer as a nicotine gum manufacturer.

That's it lse, you pile in - OCDO is one hell of a honey trap for shorts! - news today - burnt today - DYOR.

Its actually a solid breakout based on the underlying financial performance of the company combined with the suppression of the SP for a long period due to - the large corporate customers being slow in new product development - also, the fall of Woodford, who had a large holding here - and, a delay in funding last year due to the pandemic.