Member Info for chilting

https://uk.reuters.com/article/uk-oil-opec-saudi/saudi-arabia-discussing-proposal-to-cut-oil-output-by-up-to-one-million-bpd-by-opec-and-allies-sources-idUKKCN1NG050?il=0

Its looking like a Wednesday hook up - Heather is moving at 13knots+ and is due at Kraken late on Tuesday afternoon.

The weather forecast is good.

I don't think the delegates have any real power to make a decision at this meeting - I seem to remember that their role is just advisory ???

Someone please correct me if I am wrong.

Right we have a result !!!

Heather Knutsen is due to leave le Havre at 6pm this evening Kraken bound.

https://www.havre-port.com/show/129

Hispania is now starting her STS in Scapa Flo so could be at Kraken for Tuesday.

Heather Knutsen is still unloading in La Havre.

Also it could be Oceania - moored outside Roterdam - empty.

Not good !!!

The weather seems to be playing its part at the moment pushing all schedules back a few days - the wild weather looks set to clear on Sunday morning.

If Hispania is due to return to Kraken she still has to do a STS in Scapa Flo.

Heather Knutsen will be available after she finishes unloading at Le Havre.

Stena Natalita is Alba bound.

With so many shares with private investors any potential buyer would have to pay well over the odds for Sirius - they would more than likely realise this and look elsewhere.

nomlungu
I am still holding at around 70% down but remain cautiously optimistic - at least there is potential here.

This may help - news expected by Christmas - maybe leaked today ???

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ITX&ArticleCode=7i5ke7ck&ArticleHeadline=Joint_marketing_effort_defined_with_AkzoNobel

I first invested here in July 2017 when the SP was around 20p - since then we have has a suspension when ITX ran out of cash.

ITX is still basically in the development stage with little income, this development stage has gone on at least a year longer than anticipated - hence the cash problem.

Around 75% of the shares are held by big investors, notably Woodford, Henderson and IP and also the MD.

The portfolio of new products is excellent with several large players lined up as potential customers - these players may well strike licencing deals with ITX - ITX could become something of a cash cow.

I certainly agree that the Saudi's and Russians wont let oil drift too low without agreeing cuts in production but it does seem that Brent will now inevitably drop below $70 to maybe around $68 before it bounces.

If POO drops back too much the Saudi's decision to shelve the Aramco IPO back in August may have to be reversed to raise money to fund the state - the last thing that they would want.

We may be waiting for Hispania again - she is due back at Scapa Flo from Glen Lyon tomorrow morning for a STS that would probably free her up for a load from Kraken on Monday.

Also it could be Stena Natalita - she has been moored at MacDuff for some time.

Sullom Voe is expecting the NS Consul - a good candidate for a STS - in a few days.

The announcement in the budget of investment for South Tees shows Government intent.

It would seem logical that the Sirius development will underpin the regeneration in the area and kick start the project.

Government backing for Sirius would therfore seem much more likely.

With open political warfare likely to break out in Washington following Trump's actions tonight it becomes increasing difficult to read the political situation and to know what the fall out will be with the world economy.

Our best hope would seem to be that the Saudi's and Russians take on the role of quietly regulating oil supply to maintain a good balance between supply and demand.

Maybe the dollar will also slide in the turmoil - that should give POO a boost.

Comments today that OPEC and Russia are prepared to cut production in 2019 come as welcome news despite a big draw on the EIA inventories.

Hopefully that will keep Brent above $70.

Not mad at all when you consider who else is investing here - between them Woodford, IP, Henderson and a couple of others own around 70% of the shares issued. Add to this that the CEO has recently invested heavily and the other directors are also buyers.

https://www.hl.co.uk/shares/shares-search-results/i/itaconix-plc-ordinary-1p/director-deals

EveryFool

That was back in 2011 and 3 of the 4 accused were later acquitted so it is hardly relevant now.

I think that demand in the early days will largely depend on who Sirius choose as their European partner.

The agricultural and horticultural world is very open to change, we are always looking for new inovation, but new products generally come from established suppliers, it is always difficult for new suppliers to get a foothold and that does also take time.

So who would give Sirius the best boost into the European market ?

ICL is probably the market leader but they have their own product and could not be trusted. Haifa are very much second best.

So it has to be a company on the rise with impeciable credentials - my prefered candidate would be Yara.

Sorry scrap that - she has a load - not awake yet this morning.

Its a bit of a longshot but keep an eye on Navion Hispania - she may be on her way to Kraken soon - she is expected at Scapa Flo in a couple of days and there are a couple of tankers already at Scapa Flo that are suitable for a STS.