Member Info for chilting

No, but as it has been moored at Scapa Flo since the 24th April there must be a strong possibility that they have chartered her for the two loads.

It looks to me that Enquest have pulled a blinder here - they chartered a big tanker to store load 65 while Brent was very low and now Brent is improving they have filled the tanker with load 67.

By the time the tanker reaches Singapore maybe Brent will be even higher - plus they get the bunker fuel supplement as well.

Totally agree Valueplay.

Another very good example - that has been around rather longer than Ocado is AHT - their long term holders have been rewarded handsomely for their loyalty - I see Ocado in the same light.

When the sentiment improves so will the momentum and the SP will then begin a steady rise - don't expect fireworks.

There is life in this old Dinosaur - but it may take a while to wake up.

The hook-up has finished - it looks like NO took less than the normal 500k but cannot confirm because the draught has not changed.
The interesting thing is that NO is heading for a hook-up in Scapa Flo with Eurochampion 2004 - this is the tanker that took load 65.
Europchampion has remained at Scapa Flo since the STS for load 65 but her destination of Singapore has always been recorded on the Orkney Harbour website - she is a particularly large tanker.

I guess both loads 65 and 67 will be worth considerably more by the time they reach Singapore than they would have been when load 65 was transferred on May 4th.

It might be a distasteful thing to say but corvid could well be the best thing that has ever happened to Ocado - simply because it has demonstrated the full benefits of online shopping - don't sell now - the best is yet to come.

We have a hook-up - it looks like around 06.00BST this morning - that's just 10 days since the last tanker left.

The main thing to remember with Ocado Retail is that the potential for growth is extraordinary - it is totally unlike the rest of the M&S business empire.
We have all watched Amazon grow over the last ten years or so - the Ocado technology is far more advanced than Amazon's.

Navion Oceania is just a short distance to the south west of AK only 9 days after the last tanker left.

It will be a surprise if she hooks up immediately - but we will see.

The weather is flat calm.

It will come right when the world starts using crude again and supply and demand balance - until then its just down to market sentiment - Brent will ebb and flow and Enquest will move with it.
I have a very low holding at the moment - as heardy says there are a lot of recovery plays out there at the moment - but the time will come to average down - eventually.

Yes, I just brought some as well Gioviano - they look undervalued to me and with a change of sentiment they could do well, especially if the institutions start buying as well.

M&S will be a spectator as we watch a consolidation in the number of out of town large superstores - this will probably be as a result of takeovers or mergers but off course the first attempt at that failed with Sainsbury and Asda.

More immediately I think that we will see the demise of some of our main high streets with chain retailers moving out in mass.

This will leave just the main High Streets and centres across the country as destination centres and enable M&S to consolidate their store network. Maybe as few as 50 locations where M&S can operate a full line store will be left in 5 years.

Yes, back above the years high again now - it will be interesting to see if it sets a new high at the close.

There are so many recovery stocks now that it is only to be expected that investors will sell OCDO to look for other big gains.
Not that they are right to sell - we could see £24 in double quick time - especially on contract news.
MKS though are worth a punt now, with the Ocado Retail deal and their apparent willingness to slash back in the High Street.

Maybe the Swiss should stick to their Cuckoo Clocks -

https://www.youtube.com/watch?v=s3AVCdt7cxA

Falling back now.

The fundamentals simply don't support a market cap of £1,458m.

I sold some yesterday and took my profit out and left the original investment - there is no way that ITM can continue to rise like this - it must fall back any time now.

Playing devils advocate here - what happens to Enquest when its three main assets start producing less crude - does the company just simply fade away?
An unexploited asset like Hurricane might be just what AB needs and if the price is right.
Also Enquest Explorer could be deployed to another part of the field to bump up production.

I was just looking on the Hurricane board - there is lots of talk about a takeover - maybe desperation - maybe well founded - who knows?
The market cap at the moment is just £135 million so it would probably value at well below £400 million for takeover?
Maybe AB should get out his cheque book?