Member Info for Dol03

https://www.cnbc.com/2020/03/10/oil-prices-russia-hints-at-further-talks-with-saudi-arabia-and-opec.html

OPEC Russia not doing themselves any favours, they would have been better off aiming at about $ 50 oil price. they need to come back to the table to arrange an agreement to stop Trump taking control. Thats a dangerous situation right there

I think it’s related to debt Chilts, Enq have made a huge effort to lay down there’s already and that was an amazing strategic move at this point. Enq are not in the same ballpark as Tlw, PMO they are in a much better position to whether storm with cash in hand

https://www.proactiveinvestors.co.uk/companies/news/914555/premier-oil-and-tullow-oil-plunge-as-saudi-arabia-starts-crude-price-war-914555.html

Think they may be living on a different planet
https://en.brinkwire.com/news/oil-heavyweight-unveils-plans-for-significant-north-sea-activity-amid-crude-price-slump/

can we just agree that oil is going to roughly $20 and most long termers will probably hold in there. Then we can hope to stop this irrelevant rubbish in favour of informative chat?

would he really pay out of pocket knowing that it is so much cheaper with the Saudi's slashed prices ;)

Think the shale situation is different this time round as they may be unlikely to get finance again, many are struggling already

I agree Chilts, very interesting, there is more to than than meets the eye

Think Hur may be OK because of lack of debt

https://gulfbusiness.com/saudi-aramco-slash-oil-prices-in-asia-as-virus-causes-demand-shock/

hmm, it seems they are cutting price except for their Arab heavy which would remain the same. It did make me wonder with our heavy oil if we would be protected somewhat from the price collapse?

I misread that YOY as 'hold on to your E's :)

https://www.reuters.com/article/us-opec-meeting-russia/russian-source-says-moscow-wont-back-opecs-call-for-deeper-oil-cuts-idUSKBN20T1B5

I was going to add to my 1£ share guess that it may be a factor of 10 out ;)

Just read a Trump Tweet Modestus and apart from him just itching to close borders, he says the same as you. China cases decreasing.

I may buy more Enq though.downside is minimal producing 70,000, reduced 1 billion debt end of year

I thought it may go back up during the rest of the day. I think there is not a point from my perspective looking in anywhere until the hysteria of the virus pans out. Hysteria is a good thing for a potential quick rebound but could take a few months.

Completely agree GG, lot of 'potential' we really need to see something solid now, don't know how often I can read the same thing again and again.

£1.00, hell, this fits the positive mindset :)