Member Info for chilting

With all the due diligence that the Qatar's sovereign wealth fund must have done before they took a 3.3% stake in SM, I think we can be more than reasonably confident that the bond issue will be a success - especially as their investment is so recent.

But we could get the news that all the bonds have sold long before October - who knows.

Simply range bound at the moment ahead of confirmation of the sale of the bonds - after that we should get a very good rerate.

The bus project with Weichai Power uses compressed natural gas as a fuel source because natural gas is freely available to bus operators, however it would be easy to switch to hydrogen.

If the Chinese decided to manufacture hydrogen and make it freely available at service stations it would be logical to use it as a substitute for diesel to power all larger vehicles.

The Ceres fuel cell has more than double the fuel efficiency rating compared to a diesel engine.

https://www.bbc.co.uk/news/world-asia-india-48650505

Thanks Trump

When the J curve is renamed the SM Sentiment Curve the whole outlook for SM changes.

In five years we see SM approaching full production - the darling of the Pension Funds - a new Angel of the North - sentiment will be bubbling.

The point is that its not just hard economics that determines the SP - we see it time and again - look at Diageo for example - yes we will have a £2 party and probably many more - maybe even a £5 one.

Invest with the sentiment - you cannot go wrong!!!

The J curve needs to be re-named for SM - it is the SM Sentiment Curve.

I am beginning to think that the only thing that can get the SP moving in the short term is if the US and Iran have a bloody good go at each other - but that's not very nice is it? - bad person !!!

Yes, that seems to happen most of the time with this stock - my purchase last week didn't even get listed.

As to the volatility here - there are so few shares in free circulation - most are held by Woodford and a few others - that it only takes a few buys or sells to move the SP.

Of all the investors in SM I think Qatar is maybe the most significant - simply because they are doing what most of us are doing - investing for the long term.

The Qatar fund invests in companies all around the world for long term gain - the fact that they have chosen SM is one hell of an endorsement.

John - sometimes these after hours trades are actually trades that took place earlier in the day and weren't reported at the time - therefore it is impossible to know is they are buys or sells.

SN is heading for Scapa Flo after a 26 hour + hook up with a probable 525-550k of crude for transfer to ATALANDI forward bound for Pascagoula, U.S.A. - Pascagoula is on the Mississippi.

News on the Chinese bus trial is due very soon.

SN hasn't been picked up by AIS for 24 hours now Londoner - at that point vessels disappear or it states they are only available to view on the premium version of Marine Traffic via a satellite link..

She will probably still be hooked up to AK at present - now 25 hours and counting - we will see her again when she moves away from AK and is picked up by AIS again.

Hello MO

The interesting bit is what we cannot see - the US Navy rendering assistance to the tankers.

DUBAI (Reuters) - U.S. Naval forces are assisting tankers in the Gulf of Oman after receiving two distress calls on Thursday, the U.S. Navy’s Bahrain-based Fifth Fleet told Reuters.
“We are aware of the reported attack on tankers in the Gulf of Oman. U.S. Naval Forces in the region received two separate distress calls at 6:12a.m. local time and a second one at 7:00 a.m.,” Joshua Frey of the Fifth Fleet said.

More here from shipping website confirms tankers - one Norwegian - involved and mentions torpedo attacks.

https://www.tradewindsnews.com/

Aljazeera reporting - one tanker on fire - crews are all safe - possible torpedo attack.

Main stream media starting to pick up news -

https://uk.reuters.com/article/uk-mideast-tanker/uk-maritime-group-warns-of-shipping-incident-in-gulf-of-oman-idUKKCN1TE0ME?il=0

Brent is shooting up - over $62

and Brent is back above its London close yesterday.