Member Info for chilting

Back in this morning.

A strong rise in the SP today would mark the first stage in Enquest's recovery.

Stock out on loan according to Euroclear was as follows -
September 8.97%
October 8.62%
November 8.31%

Going in the right direction, but rather slowly.

Total stock out on loan according to Euroclear was as follows -
September 7.66%
October 6.8%
November 5.5%

A good trend and one that seems to be continuing this month.

The problem is that they will be meeting every month so as their greed increases any rise in POO will be met by an increase in supply - I think that pegs Brent close to $50 for the foreseeable future - on the plus side it also means that POO is unlikely to fall.

https://uk.reuters.com/article/uk-oil-opec-kazakhstan/kazakhstan-confirms-opec-agrees-on-oil-output-rise-by-0-5-million-bpd-in-jan-idUKKBN28D2PW?il=0

https://uk.reuters.com/article/uk-oil-opec/opec-working-on-compromise-for-2021-oil-policy-sources-say-idUKKBN28D1WB?il=0

The only good thing that would result if a network of charging points was installed would be that the electric power needed for plug in hydrogen electrolyser systems would already be present - just add water.

https://uk.reuters.com/article/uk-oil-opec/opec-discussing-rolling-over-oil-cuts-into-january-then-gradual-rise-source-say-idUKKBN28D1WB?il=0

There is an interesting piece here about convenience stores at service stations - with its link up with BP, M&S is particularly well placed to capitalise on this market - they point out with the move to electric vehicles customers will have time to do their shopping while they wait for their vehicles to charge.

https://www.lse.co.uk/news/MKS/insight-the-new-black-gold-big-oil-bets-on-retail-networks-in-an-electric-era-wl33b5e6sagyy5h.html

jimjam
I think that it will be more difficult to use interest rates to combat inflation this time around because so much money has been borrowed by most Governments around the world - they wouldn't be able to afford the interest payments.
I certainly agree that inflation is very bad news for the poor and fully agree with your conclusions.
A freeze on public service pay in the UK would also seem to be a bad move and could end up causing considerable strive.

New revenue streams will come online as international CFC's become operational.

The main consideration is that countries around the world have reacted in the same way by throwing money at their economies - basically printing money to solve problems - the inevitable consequence will be increased inflation - therefore, high Government borrowing isn't a big problem because it will be cancelled out - so yes go for it and push money in to give the economy a big kick start.

Volume was higher last week.

Another one bites the dust - I doubt M&S will be interested in the brand.

I think that the bounce back will be even stronger this time around.
If anyone visited Boscastle a few years after the floods that destroyed the heart of the village you would have seen the invigoration that can only come from real adversity - we will see that when the black swan eventually flies away.

To prove that the existing gas mains network can deliver a carbon free alternative has to be a good investment.
Rather better I think than spending billions on charging points for electric cars.

https://www.supermarketnews.com/online-retail/kroger-plans-10th-ocado-automated-warehouse

The actual picture here is not nearly as bad as some contributors to this board would let us believe.
I see Enquest in a sort of limbo at the moment.
On the plus side - costs are under control - output is fairly constant - cash flow is not an issue - a rights issue isn't necessary.
On the negative side - debts cannot be repaid quickly enough to allow the company to move foreword.
AB must be very frustrated at the moment, he has done everything he can to put the company in a great position but the fall in demand for crude due to Covid has destroyed profitability.
The situation will change very quickly as some point but we need to see Brent move strongly over $50 before that happens and there is no indication that this will happen any time soon - Enquest remains in limbo.

I was looking at an interview with an ex-chairman of Debenhams on the BBC news today explaining the complexities of High Street trading, he also reckoned that his competitors could put a website together in three weeks - I think that says it all really...

It looks like it will be Mike Ashley and Peter Cowgill fighting over the scraps - that could be quite interesting because Ashley reportedly owns 19% of JD Sports - it all looks like a house of cards to me.