Member Info for chilting

The more I think about this, as gkb put it - "This could be a very expensive peeing the highest up the wall competition by 3 mentally deficient thugs" - the more pessimistic I become - this could take years to resolve rather than months.

The thing is that all three probably think they can win - SA with cheap to produce oil - Trump with cheap oil for the US economy at the expense of a few shale companies going bust and being taken over by the oil majors - Putin because he enjoys a fight, especially with Venezuela in the mix, and doesn't care about his people.

He's the man with the cash.

Presumably that interview was done last week - everything has changed now - prudence will be in charge.

No sign of a hook-up today.

The hook-up needs to happen tomorrow because the weather window closes late on Tuesday.

The trouble is that this time the dispute involves the US and Russia not just OPEC - that means that politics rather than economics will be key to its resolution, therefore, logic flies out the window and anything could happen.

Yes, but will Trump bail out the shale industry in the US national interest - he won't want the US to be dependent on imported oil again.

No hook-up yet - the waves are still quite high as the overnight storm clears away - should be ok for a hook-up this afternoon -then there is a good weather window.

Reuters comparison with 2014 is just horrendous.

https://uk.reuters.com/article/uk-saudi-oil-prices/saudi-arabia-slashes-april-crude-oil-prices-after-opecs-supply-pact-collapsed-idUKKBN20U0Y6

Maybe Putin isn't playing ball with OPEC because Trump is having a go at his countries assets in Venezuela?

It will be interesting to see how this develops.

Trump looks like he is set to have a go at the Russians by crippling the Venezuelan oil industry - that Russia controls and supports - even more than it is now.

https://uk.reuters.com/article/us-venezuela-oil-chevron-exclusive/exclusive-u-s-discussing-non-renewal-of-chevrons-venezuela-waiver-moves-to-cut-oil-trade-sources-idUKKBN20T30X

If it does drop to around $30 that would more than likely only be for a short period and it would probably return to $45 - $50 in 3-4 months - steady nerves needed I think - best to hold and not even be tempted to average down.

Yes, agreed - HUR will just have to sit on their hands and be careful with the cash - doldrums and all that.

Enquest will be ok but it will knock the shine off the stock for a fair time again - it will be a recovery stock without the means to recover until the Brent rises again.

Tullow look very vulnerable, PMO look over exposed and Hurricane will have to wait it out.

The oil bears have never had it so good - looks like a retest of January 11th 2016.

Town Gas!!!

HK is in position 18 nautical miles to the north east of AK ready for a hook-up from the north east when required - no sign that they are ready yet - it's possible that the storm forecast tonight could delay the hook-up until tomorrow afternoon.

Today is eleven days since the last tanker left.

Credit to Modestus - he found the Seeking Alpha link.

If this drug is released it could be given to the elderly and people with underlying health conditions in the early stages of infection - that would make a massive difference.

https://seekingalpha.com/news/3549482-gilead-up-3-ahead-of-expected-covidminus-19-drug-data-readout

The important link
https://www.gilead.com/news-and-press/press-room/press-releases/2020/2/gilead-sciences-initiates-two-phase-3-studies-of-investigational-antiviral-remdesivir-for-the-treatment-of-covid-19

https://www.gilead.com/

https://en.wikipedia.org/wiki/Remdesivir