Member Info for chilting

Hello MO

Woodford has never invested in O&G - at least when he has been running his own funds - he doesn't like the volatility caused by POO.

Another Woodford company in its death throes this morning - RM2 International.

Lots happening at the G20 meeting at the end of the week -

OPEC+ meeting with Putin and Mohammad bin Salman

Tarrifs meeting with Trump and Xi Jinping.

So its great news that POO is on the rise - hopefully EIA will continue the trend.

Anyone care to guess where Brent will be this time next week ???

The bigger draw on Gasoline makes sense after the Philadelphia refinery fire - latest reports are of a big hike in gasoline prices in that part of the US.

https://time.com/5613174/gas-prices-explosion/

One very big important factor to consider was underlined by Jupiter - the many attractions of the investment.

As soon as SM is perceived as relatively risk free these attractions will extend to all the institutions and investors - SM will be the darling of the Pension Funds and private investors.

This single factor - sentiment - will I think propel the market cap far higher than any realistic valuation.

Going for a conservative valuation of £5 billion in 5 years would give a place in the FTSE100 and an SP of around 70p - not bad for a start.

Yes, that's another 505,287 shares to AB's charitable trust - great news!!!

The SP is fairly flat this morning on low volume - it is probably better if it stays that way until the bonds issue is successfully resolved.

Hi L3
Yes - just to confirm - all the dates below are when the tankers hooked up.

Right then L3 here goes -

Load 34 - 6th April
Load 35 - 18th April
Load 36 - 1st May and 8th May - split load but total was around 525k.
Load 37 - 19th May
Load 38 - 31st May
Load 39 - 12th June
Load 40 - 23rd June

So from time load 34 completed we have had six loads [not counting load 34] over a period of 78 days of production.

If we take the six loads as 525k each - a reliable average - we get 3150k = 40.38k per day.

From the time load 37 completed we have had three loads [not counting load 37] over a period of 35 days of production - 1575k = 45k per day.

Load 40 hook up concluded at around 18.30 BST - 26 hours - NA has a healthy 13.2m draught indicating a load in the region of 500-550k.

Woodford based his investment choices on stocks that he thought would bounce after Brexit - his philosophy was that Brexit would have little effect on the UK economy.

Unfortunately for him, and us, the delays to Brexit went on for too long - he ran out of time waiting for the bounce and allied to that he had some bad luck with Provident Finance and a few others.

He is yet another victim of the political incompetance surrounding Brexit - Eton Mess!!!

The uncontrolled antics between NA and AK continue - 25.5 hours and counting.

Well done splatted - thanks very much - its there.

UK confirmation -

24 Jun
Barclays Capital
Underweight
20.31
11.00
19.00
Reiterates

I have made two purchases in the last week or two but neither of them have been recorded as trades - has anyone else see this?

Or - Barclays have simply taken the average price for the last six months and copied and pasted it.

So that's to 19p - not exactly useful but an improvement.

Exactly - attacking confidence by pushing the SP below 15p and blowing out stop losses that would have inevitably set just below 15p - a very effective tactic.

But now we must move on - but the question is what support can we expect to move the SP forward - with many waiting for the outcome of the bond sale it could be a long summer.

It looks like we have a candidate for the STS in Scapa Flo - STAVANGER TS