Member Info for chilting

The bridge to profitability gets stronger

L3
My concern is Brent rather than Enquest - although it looks like we are over the worst now I cannot see Brent allowing Enquest to prosper in 2020 because of the supply situation - so I still haven't averaged down and don't intend to unless Brent looks like it will go above $60 again. Also my other investments OCDO, CWR and ITM are performing much better than Enquest at the moment.

SS is on her way to Scapa Flo with a healthy 13m draught - looks like another 500k + load.

She is heading for an STS.

A good long hook-up - 29.5 hours so far.

24 hours and counting.

Room for optimism this morning - demand for crude is increasing world wide - the Fed is ready to do more to stimulate the US economy - WTI is strong ahead of the end of the June contract tomorrow.
The Black Swan will be flying away soon.

Luke Johnson is hardly neutral in his stand point - his interests are mainly in the catering industry - to me he is the prat who didn't see the fraud at Patisserie Valerie.

https://www.bbc.co.uk/news/av/world-us-canada-52622037/coronavirus-the-lost-six-weeks-when-us-failed-to-contain-outbreak

Looking back in hindsight the lockdown response in England was probably just 2 days late - this is measured on the point where there was one death per million of the population.

In most of Europe similar outcomes were reached but some counties fared rather better getting lockdowns in place ahead of the one death per million - Cyprus for example has had just 17 deaths so far with just a few daily cases now being reported.

In the US the Trump influence has had a devastating effect - Democratic states got their lockdowns in place on a similar timescale to Europe but in republican states the average was around 7 days longer - hence the higher death toll.
The true death toll in the US is apparently much higher than is being reported???

Tuesday sees the end of the June contract for WTI crude.

After the shambles at the end of the May contract its very important that we don't get a rerun for sentiments sake.

So far the signs are very good with WTI closing in on $30 - lets hope the demons are buried.

SS is just closing in for a hook-up timed at 8.00BST.

I guess the High Street stores of the future will be based around virtual reality and catering. With product being delivered directly to customers via home delivery.
A sort of consumer theatre with plenty of fuel for self indulgence.

https://www.youtube.com/watch?v=xb2CLOkQTpw

They need to get their Chinese Dealers selling big time.

Just like the rest of the world economy - the recovery has to start in China - US cannot be relied on yet and Europe will stutter into growth sometime next year.

Brent follows prosperity - we need prosperity to see $100 Brent again - but it will come - 2021-22.

I am not so sure that M&S is a buy - sure the home delivery will be a big success - but will it simply prop up the rest of the company that maybe would have been in big trouble without the Ocado deal.
What M&S need to do is to ditch the High Street and just concentrate on Home Delivery for all their product range but I cannot see that happening - offering a combination of Ocado, Boohoo and Wayfair to all comers.

Aston Martin crashed - was a write off - sad, nice car.

No action as yet and with SS now not expected at Scapa Flo until Tuesday morning - it looks like hook up will be late on Sunday or even on Monday. We are still within the normal time frame of about 12 days.
The weather is a bit unsettled over the weekend but OK.

Another reality check day with Enquest faring better than most.

SS is just 32 miles to the south east of AK and slowly heading for a hook-up - probably later tomorrow morning - she is due for a STS in Scapa Flow early on Saturday evening.

The weather is set fine.

Why not 60,001