Member Info for chilting

You only have to look at the map to see the non compliance areas and no its not just about cities - London, Southampton, Plymouth, Brighton and Plymouth are far lower.

NO is on her way to Kraken - hook-up looks likely on Friday - her ETA has now been brought forward to early Sunday morning at Scapa Flo for the STS - Friday would be 11 days since the last tanker left.

The market has already priced in a recession - the next step is up - when it can see the light at the other side.

Apparently its estimated at 70% for herd immunity - vaccines contribute to this percentage.

https://www.mayoclinic.org/diseases-conditions/coronavirus/in-depth/herd-immunity-and-coronavirus/art-20486808

Hi Jan - yes thanks just staying close to home at the moment - no holidays.
I hope you are right about the herd immunity - I guess the R number reduces as it kicks in.
We could have a vaccine in the next few months if the stage 3 trials continue to go well and National Governments are satisfied to underwrite safety to protect the pharma companies from litigation.

Hello Jan
Yes, that is all perfectly true but it will take a while for the world to pull its self out of recession and with demand lower than normal the balance of probability is that supply capability will continue to exceed demand - my guess was throughout 2021 but as you say I could easily be wrong.
The point when the oil supply chain becomes strained again will be a good entry point to invest back in Enquest.

I totally agree that it is demand that is the main factor that is keeping the oil price at current levels.
We have seen what happens when supply exceeded demand this year, with SA flooding the market last March - now OPEC+ are simply balancing supply to demand and apart from the short term wobbles, the oil price is flat.
OPEC+ is reigning back supply - they can clearly increase production anytime.
Also China probably has a vast amount of oil in storage, therefore, we cannot rely on a sudden increase in demand from them to suddenly create a shortage.

I am yet to see a convincing argument as to why this new demand led status quo will change as we go into 2021.
I think that the oil price will simply continue to flatline until the worlds economy recovers from covid - maybe 2022.

Yes, some good has come from adversity - all we need now is a good news RNS for a new contract - that would also confirm that the patent issue is nothing to worry about.

Someone is really playing the market - this is the second time this has happened - the SP had been very static all day until just before close - the poor volume makes it possible.

As steelwatch reported earlier Navion Oceania is due back at Scapa Flo for a STS - this is around lunchtime on Sunday, therefore, the hook up will probably be on Friday or possibly as late as Saturday, provided things go to schedule - Friday would be 11 days since the last hook-up. NO is currently on her way to Wilmshaven with her previous cargo.
The weather is still very calm in the North Sea throughout this period.

WOW!!!
M&S Chip shop scraps are free on Ocado - they are included with the fish.

https://www.ocado.com/products/m-s-beer-battered-haddock-scraps-516297011

Road traffic has recovered to almost pre virus levels - 91% on the 5th October.
Its public transport use that is still poor - only around 50%
So service station sales must have recovered and with town centers quite and big supermarkets a "hostile environment", it stands to reason that customers are choosing online and convenience for their groceries.

It would be interesting to see the figures from the convenience stores - especially the ones connected to Service Stations - I would guess that they are trading well above last years levels - customers need fuel - so its only to be expected that they will grab a basket and impulse fill it with all sorts of high margin goodies.

"A fracking binge in the American shale industry has permanently damaged the country’s oil and gas reserves, threatening hopes for a production recovery."

Thoroughly deserved and it has to be said totally predictable.

Short term, I think that you are right - the SP will just continue around this level.
But, longer term I think that we can easily expect a good rebound as the country returns to normal.
The problem is that no one knows when that will be.
The market cap certainly doesn't reflect the true value of what is still a profitable company, therefore, I think that at 1.50 your investment is still safe and probably a better bet than many other 250 companies.
As for the board and CEO, they seem to be doing a good job, although they have to get on and reduce the High Street presence.

Its all macro today with unemployment for August coming in coming in higher than expected and general corvid woes - not good for anyone.

https://www.bbc.co.uk/news/business-54513629

There is loads of info to read following these links.

https://www.sdcexec.com/warehousing/press-release/21197822/logisticsiq-warehouse-automation-market-post-covid19-opportunities-worth-30b-by-2026

https://www.thelogisticsiq.com/portfolio/order-fulfillment-system-next-big-opportunity-in-warehouse-automation-market/

https://www.thelogisticsiq.com/research/warehouse-automation-market/

The way all counties have handled the virus is reflected in their national characteristics and leadership.
The Chinese have been successful because the people do as they are told and have a genuine commitment to their country.
The Brazilians have done badly because of their macho mentality.
The South Koreans have done well because of their use of technology and testing.
The Italians have done badly because of their convivial nature.
The Germans have done well because of their sense of organization and order.
The Swedes have done badly because of their open society.
The US has done badly because of Trump.
We have done badly because the population is unable to follow simple rules - especially in the North - and testing has been a shambles.

One thing is for sure, if Enquest announced that it was branching out into a renewable energy project the SP would absolutely soar - the 60p party would be with us in no time!