Member Info for chilting

Dracula.

The analysts seem to think that we have seen the top now and risk aversion is setting in with regard to general worries about the world economy and I guess no news on US China sanctions.

The supply situation is still tight so nothing has changed there but I guess we might see a dip towards $62-$65 again.

HK is now moving towards the south east of AK at a good speed ready to turn for a hook up hopefully later this morning or early afternoon.

The weather is getting better all the time with the wave height set to drop below 3m by midday.

The logic would be - regarding acquisitions - to diversify into other businesses that could use the port facilities and needed to transport by bulk carrier.

But anything could be considered with a Teesside base - all that wasted space at the moment and one of the few places in the UK where there is no labour shortage.

Hi KOH

Yes, totally agree - no idea on the timing though - I don't think anyone could have predicted that Ocado could go from £2.50 to £12.50 in 16 months - no reason, as you say, why SM cannot do the same. Especially as SM has the potential to become a stock market darling when it has been producing for 5-10 years - low risk, high dividend.

KOH
This is the problem with so called experts like "Fool" they can get under investors skin and panic them - the trouble is when that happens the sentiment goes with them as the SP falls.

Potential and sentiment - totally unpredictable !!!

HK is close to AK now but no indication of a hook up today.

The weather is getting better all the time so first light tomorrow looks possible now.

Looking to the north east Viking Sky looks safe now - she is being towed into Molde - a Norwegian ferry port - by a rather large Oil Support vessel - the Ocean Response.

I would say that its almost impossible to say what will happen to the SP before production starts - we should get a good boost at stage 2 providing there is not too much dilution - but after that is all depends on how the market views the potential and that is all down to sentiment.

Take Ocado for example - supercharged by potential for its warehouse systems - up from £2.50 in November 2017 when it was out of favour and heavily shorted to around £12.50 today - potential and sentiment.

Take a look at the video report at the top of this news item.

https://www.bbc.co.uk/news/world-europe-47680055

121 - Certainly - 12 noon forecast is still for wave height at 4.8m - too high I would have thought - we will see.

Keep an eye on Navion Oceania at Alvheim - she is also waiting for a hook up.

The near disaster with the cruise ship on the Norwegian coast - not far north east of Kraken - gives an idea of just how bad the weather has been this weekend.

Yes, I think you have hit the nail on the head Dol03 - all they see is flaws - no positives at all - unless it is one of their darling companies that pays big dividends such as Lloyds Bank.

Thankfully tomorrow won't be quite as bad as today and maybe HK will start to make a move towards Kraken.

But the waves still look to high for a hook up until Monday afternoon - the rest of the week looks much better - especially from Wednesday onwards.

24 hour forecast -

Wind - Westerly 6 to gale 8, veering northwesterly 7 to severe gale 9 later.

Sea state - Very rough or high.

Weather - Rain or wintry showers.

Visibility - Good, occasionally poor.

Any business that the journalists at IC cannot get their tiny brains around is regarded as a hold or a sell

Take is one for example - "It is impossible to assign a traditional price/earnings valuation to the shares, and it’s arguably inappropriate considering Ocado’s growing technology platform. However, based on our own calculation, an enterprise value to sales multiple of four still leaves little margin for error when it comes to successfully executing these new partnerships. We are inclined to watch from the sidelines. Hold."

Ocado SP is up from £7.50 at the end of December to over £12.50 now.

AIS on AK is now thankfully back on after a 10 hour break.

AIS on AK off.

The weather is winding itself up for the weekend storm with this forecast for the Kraken field over the next 24 hours -

Wind - South-westerly gale 8 to storm 10, backing south-westerly 7 to severe gale 9.

Sea state - High or very high.

Weather Squally showers.

Visibility Moderate or poor.

Monday afternoon still looks OK for a hook up - HK is moored at McDuff.

Sorry it should be load 33 not 35 - wishful thinking!!!

HK is just arriving at McDuff and she looks likely to stay there until later in the weekend.

The weather forecast is still stormy for Friday and the week end but the good news is that Monday now looks much better - so a Monday afternoon hook up looks possible.

I think that today has proved that Enquest is a good investment and an undervalued investment.

It will I think take a period of weeks or even months before we regain par with the rest of the sector - I can see a steady upward momentum - anyone who thinks they have missed the boat, think again - this is just the start of the recovery.

The day traders can clearly see the potential and will I think do their bit to keep the momentum going - for long term holders - we still have some way to go yet - hopefully it has been worth the wait.

Well done Enquest that's 20p smashed - now 22p - second target !!!