Member Info for Deeko19

100%. A lot of companies will have excess cash to spend on building out a larger portfolio.

Yeah getting silly now to be honest.

The games being played to manipulate oil price is crazy. Seen an article this morning titled ‘Iraq signs deal to restart oil exports via Turkey pipeline’… yes, a whopping 250,000 bbls. No mention of the remaining 3,250,000 that is still offline

Hopefully it’s postoned. But equally, at least the final offload will be in the $100 range

Hopefully PenMal drops the same crazy flow rates from last time.

Dusteringmong - have you ever worked in the industry. Do you know how long restarting 200+ oil wells in a field takes?

Do you know how long it takes for wells to clean up after shut ins - it can be months.

Do you know how long pipelines take to rebuild and test?

How long it takes for a tanker to fill

This is going on for a very long time.

Hi Legache,

Sorry I might be just half asleep here but I don’t understand what you mean by the delta is getting higher between 90-100 the longer this goes on.

The delta is always $10. Do you mean something to do with futures prices. Or the revenue between them? I’m not sure

They also have to refill those reserves. It’ll also take weeks to restart most of these fields across the ME, that excludes the issues they’ll identify when starting back up. Honestly this situation is a complete mess.

Image thinking this would end in a week. We’ll see oil at $150-200 per barrel before this is resolved. Iran holds all the cards IMO

Tehran says it’s not over

https://www.aljazeera.com/amp/news/liveblog/2026/3/10/iran-war-live-trump-says-conflict-will-be-over-soon-40-killed-in-tehran

Well done Darton, as I said yesterday I don’t understand who sells when oil is having the best period it’s had in years.

You are one of those people. I still struggle to see why you would hold out for an extra 2p vs the several times it’s hit 25p in the last 6 months.

Oil still in the 90’s and the strait of Hormus is still closed. I’ll reassess my investment based off the facts not whatever garbage Trump says is true

I think you’re missing my point.

Time to sell was 2 weeks ago surely. Not as it’s about to have the best years in decades for the oil industry

Interesting take but very light on the details.

What stocks are you talking about?

TLW seems to be doing well with the price increase. Yet net debt of $1.4 billion, Jubilee declining from 100 mboed gross down to 50ish over 2/3 years despite huge drilling campaigns. TEN all but abandoned at 15 mboed gross.

88e maybe? Seems to do nothing but drill wells with a never ending view on whether the assets are even worth producing

ENQ? Most producing in the NS and taxed to oblivion

SQZ? Same as above and infact same for Harbour and the rest of them in the NS.

Maybe we are talking about majors? Well half their production is now shut in since they are all heavily invested in the ME

JSE seems very well placed for me at the moment. Even Stag will be raking in $40-80 per boe profit soon enough.

Just to confirm - 4 years at an average of $110 2010-2014

2008 -$140

I agree Gold Mine,

Legache, the Iraq war spiked oil, I recall oil being well about $120 in the 2000’s/10’s. That price is what sparked the shale revolution. Add in inflation and I’d wager we were paying well over $180 a barrel for years in today’s money.

Again, difference is that Iraq was producing a few million barrels, the straits is 20 million barrels offline. This gets worse before it gets better but I don’t think for a minute this is a flash in the pan. Iran will want to create as much economic pain as possible and I think this will trigger a series of pipeline developments across the ME

Yes please!

Iraq war sent oil to $140 a barrel. Difference is Iraq is a country at the start of the straits of Homuz. Iran is a gateway that blocks exports from Iran, Kuwait, Saudi Arabia and the UAE. 20 million barrels a day stranded.

Similarly, Iraq was a war fought against pockets, Iran is a war fought against the country that has been preparing for this war to eventually land on their doorstep.

Oils going to $150 and staying there for a while IMO.

Worth noting too, that OPEP - despite saying they will increase production - can’t increase production because it can’t actually be exported.

Honestly this situation is 10x worse than the invasion of Ukraine. Oil’s reaction ismuted because of denial IMO.

Again, my only concern with BP is that half of our production is from the Middle East

Guys… what are we all arguing about. The US spent 2.5 trillion and took 20 years to replace the taliban with the taliban.

They have no plan for Iran and Iran is on the back foot and backed into a corner. During Iraq the Us was fighting mainly gorilla warefare, they are now fighting a country that has watched its neighbours get invaded and done nothing but prepair for this day.

Stop being gullible in assuming there is a plan… there is no plan

Windfall tax will have minimal if any impact on BP’s GLOBAL operations. The reason the SP isn’t moving is because BP’s Middle East fields are shut in, Kuwait, Iran, Oman etc. massive chunk of the mix is offline and likely staying that way.

The only way the straits of homuz is opened within a month is if the US physically take the area. And I don’t see them being able to hold it without taking massive casualties. What a ridiculous war to start.

Personally I don’t see any way America can win this war.

Yes especially to China. Suspect that if the US gov p ur s in place a government tied to US interests then China will need to scramble to the SE Asian and African nations for energy security. Could see companies such as CNOOC moving into the region