Member Info for chilting

Hello MO Looks like its another 500k load to me - AK seems to be getting a bit faster. If it is Concord she is bound for Houston so that would tie up as well - Yanks seem to like 500k loads.

12.9 - much better - could be 600k ???

Scrub that 12.2 - this idiot looked at AK

Draught 12.2

AS is on her way to Scapa Flo - loading finished at around 21.45 BST. Ballast has not been changed yet.

The offload is still probably going on - AIS is out of range for Kraken but it is much better to the south, so AS should be picked up within half an hour or so of leaving AK. - so 26.5 hours and counting.

We have an AIS problem at the moment - data on Amunsden Spirit is way out of date. Therefore, we cannot be sure if she is still hooked up, however if she had moved away I am sure the AIS would have picked that up - therefore we are 22 hours and counting.

A good company with a good strategy and product will generally come through in the end. I have every confidence that ENQ will prosper over the next few years. But the big problem as always is POO - that adds an extra dimension of risk. However the greater the risk the greater the reward. Looking around the market their are plenty of opportunities that the big boys wont touch, identifying and concentrating on these companies will generally be a good strategy for long term investment rather than joining the bandwagon for flash and bust companies.

Offload continues - 17 hours and counting.

I think today can be considered as something of an escape with all the uncertainty re G7, trade wars etc Hopefully things will be looking better on Monday morning and we can start to move ahead again.

It looks like hook up was about 15.45 BST - not easy to be sure so it may be safer to say 16.00 BST.

Totally agree. The good thing now is that the products now seem to have the industries approval. The main problem is the cash situation but with the large shareholders like Woodford and IP on board I think we can be confident that we have a good safety net - so just hold and wait. Given patience this could be a very lucrative investment over the 5-10 year term.

I guess it is to early to say if this news will have any impact on ENQ but it should go some way towards holding up POO. If the Saudis do choose London over New York that has to be positive for all the UK oil industry. https://www.bbc.co.uk/news/business-44410784

All it needs is for OPEC and the Russians to stop playing ball by increasing output and anything is possible. I don't think they will, but they are rapidly getting to a stage where they control the oil market again, simply because of lack of investment elsewhere and increasing demand from Asia. While oil traders have been navel gazing in the US things have moved on elsewhere - hence the growing gap between Brent and WTI.

From Iran ahead of the G7 - Iran's OPEC Governor says it is crazy and astonishing that the US asked Saudi Arabia to cover shortfall in Iranian oil exports, adding that oil could reach $140 over US sanctions on Iran and Venezuela #OOTT

Hello Kraken I think today was always going to be the worst of the week with all the main action at the G7 coming after London is closed. The real test is Monday when hopefully we are in "things are not as bad as they thought they would be mode". The WTI graph looks a bit like Trump's brain wave monitor at the moment - totally mental !!!

Excellent - that means that AK is ready for her - no pratting about !!!

It looks like the hook up will be some time around mid afternoon - AS is a modern shuttle tanker and will come in quite quickly if they are ready for her.

Predicting where POO is going now is a bit like trying to predict Trump's next move. We have trade tariffs, Iran, Venezuela, strong arm tactics against OPEC, a bit of manipulation and a whole lot of uncertainty and it is all down to one individual out of a population of 7.6 billion. Its great to know our investment in ENQ is in such a safe pair of hands !!!!

A few positive broker ratings would make all the difference.