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Rough weather tomorrow would seem to rule out a hook-up but by Wednesday and into Thursday there is no problem.
Wednesday would be 13 days since the last tanker left.

Its simply up to Ceres plus gaining market approval if they want to move from AIM and be quoted on the main index - there current market cap would mean an inclusion in the 250 index.
My guess is that they will when the business transforms from a growth stock to a fully commercial and profitable company - maybe in the next year or two.

Its simply up to Ceres plus gaining market approval if they want to move from AIM and be quoted on the main index - there current market cap would mean an inclusion in the 250 index.
My guess is that they will when the business transforms from a growth stock to a fully commercial and profitable company - maybe in the next year or two.

Ants
It might be worth doing your calculations again - you may get a pleasant surprise?

BERENBERG RAISES CERES POWER PRICE TARGET TO 1060 (790) PENCE - 'BUY'

The point is that little has been done to combat climate change so far but as some point that will change.
The younger generation are clambering for action at any cost, they don't consider or even realise the practical and financial implications.
Politicians will simply follow the votes regardless of the consequence's, everything is current topic for them and with the Biden presidency pushing green issues and the UN Climate talks in Glasgow in the Autumn, I can see that 2021 will signal the start of a concerted effort to combat climate change.

Value to Ceres from 2021 to 2023 is around £23m - that's just the scaling up period to produce an initial aggregate 200MW capacity in 2024.
This is a massive leap!!!

I am not saying that Johnson would give into pressure and cancel the licencing rounds, but with the UK hosting the UN talks he will certainly be under political pressure to do so. Its likely that the Opposition will also push a bid to cancel the licencing round to gain political capital. The net result somewhere down the line could be negative, especially with regard to tax.

Biden is also likely to adopt the same sort of policies in the US to curb shale exploration - putting more pressure for other countries to follow the lead.

Likewise, with its green agenda, Norway will come under similar pressure.

Also it pushes the green agenda in the EU and makes adoption of renewable energy alternatives much more likely.

Navion Oceania is now just under 17 miles to the south of AK with the hook-up likely to be from the south.
The weather is problematic with a storm forecast overnight Monday into Tuesday so the hook-up could be delayed until Wednesday or be in two sessions with the first on Monday. The other option would be hook-up today but its getting late for that now. Monday would 11 days since the last tanker left.

Talking of the green lobby - it seems that they have scored a victory in Denmark - Denmark have cancelled the country’s next North Sea oil and gas licensing round as part of their plan to be rid of fossil fuel extraction by 2050.
Demark are the EU's largest oil producer.
There will be pressure on the UK to follow suit ahead of next autumn's UN climate talks in Glasgow.

Talks have resumed and Monday evening seems to be the new deadline.
This report from Reuters gives us some idea on how far things have progressed regarding fishing rights. Which I guess is the compromise area that the whole deal that has been manufactured by the UK lies.

https://uk.reuters.com/article/uk-eu-britain-france/france-tells-britain-our-fishermen-must-have-access-to-your-waters-idUKKBN28F0VU?il=0

Talks have resumed and Monday evening seems to be the new deadline.
This report from Reuters gives us some idea on how far things have progressed regarding fishing rights. Which I guess is the compromise area that the whole deal that has been manufactured by the UK lies.

https://uk.reuters.com/article/uk-eu-britain-france/france-tells-britain-our-fishermen-must-have-access-to-your-waters-idUKKBN28F0VU?il=0

Rate returns have to be based on the impact on turnover - that is reason they were offered in the first place - the pandemic has clearly affected M&S's turnover adversely, therefore, there is no case to return the subsidy.

Going forward, Brent at $50 for the start of 2021 rising slowly throughout the year to $65 by Q4 would look to be a useful and achievable working assumption.
It certainly makes a investment in Enquest and other oil companies that follow Brent, worthwhile.

All looks very good to me and rather more reliable than my guestimates - that are just basically done on the duration of the hook-up.
The main thing I look at is the time since the last load - usually about 12 days but this is weather dependent in the Autumn and Winter - and hook-up duration - usually about 26 hours for a 500k load.

We should get some more news by the end of next week or soon after about how long the USITC investigation will take.

https://www.usitc.gov/press_room/news_release/2020/er1102ll1667.htm

To me the OPEC+ deal turned the outlook for Brent from negative to positive and created a reason to buy into Enquest again.
I think this time around though, I will trade out on the Brent peaks rather than holding for the very long term.
Also I have committed a much smaller percentage of my capital this time around.
I am not sure how long we will have to wait to get back to last winters highs, it may take all of 2021 and into 2022 but its inevitable that we will eventually, simply because oil supply problems will eventually become an issue.

Yes the monthly meetings are a good insurance especially if demand for oil starts to fall again.
The Covid situation in the US is extremely serious and will more than likely lockdown the whole country - the death rate is now on average one per every 30 seconds. Add to that Trump is showing no leadership and welfare payments are not being made. The next few months could be tough.
Statisticians are now comparing the current wave in the US Covid pandemic to the UK WW1 Flu pandemic.

As Therapist said yesterday Navion Oceania seems to be on her way to Kraken for a hook-up possibly on the 6th or 7th December. She is due at Scapa Flo on the 8th.
A hook-up on Sunday 6th would be 10 days since the last tanker left.
The weather is quite lively today but settles down nicely for the weekend and next week.

I am not sure you can read that much into their motives - this was essentially a fudge.
The main thing is that OPEC+ will be meeting every month, so they will be micromanaging POO, therefore I think that they will slowly walk it upwards.