Member Info for epiphany121

FS Cygnus is doing her bits next to AK prior to the load. Hook up should be after Cygnus leaves later today

Morning Romaron,

I'm not sure how shuttle tankers operate and if they can store different grades in separate holds - I suppose the answer would be a yes. What this little episode with the latest tanker offload highlights is the inherent danger of speculating on the health of the FPSO purely based on tanker offloads and extrapolating success/failure and Buying/Selling (marking up and down the SP) on the basis of this stand alone event alone. The reality is that the FPSO's uptime has certainly been a lot better just in the past couple of months and DC4 has been helping. How long this DC4 boost can be sustained is an unknown, but the longer the better obviously.

KO - I'm trying to make sense of what you wrote and I can't seem to. Put that down to my limited comprehension abilities, but are you saying that NH will pick up a 550K from AK now and fill up MA and then do what with the rest? And what is GK's role after this given that AK should be empty after NH supposedly picks up this full 550k load? Will the failed offload be set aside in a failed offload section on AK?

I would suggest the latter, Chilts - a top up. Where would NH store any additional crude that it 'could' pick up given that Kraken crude is different to other Brent crude types? This is the downside of getting a new shuttle tanker to pick up Kraken crude - better for Teekay to send in one of the tried and tested shuttle tankers - HK/NH/AS/SS/NO.

Morning P,

Paying off RCF by 2020 is great, and that's certainly possible if Brent averages 70 or higher over the next 18 months, indeed opens a lot more doors for ENQ around dividends/repurchases/additional acquisitions & investments. $680 mill repayment is certainly do-able.

I'm done with my tax-free ISA topups of ENQ for this year in my and my partner's accounts from this year's quota and it's a wait and see for ENQ (and Brent) execute now.

L3 - your take on Magnus is right, IMO, in that it is indeed the more plausible scenario for ENQ to be at 20+ kboepd there and hence 67 kboepd for Jan/Feb, rather than Malaysia over performing. After all, ENQ did state BOEPD and nor BOPD in their April release.

I don't understand what you're saying WRT 11 days drop. Brent has been remarkably stable in spite of multiple headwinds in the near term - US Stockpiles and Production, some economic uncertainty - but there are many more bullish factors in the wings in the upcoming weeks - Brent will break out into mid 70s again, IMVSO. ENQ will have plenty of time/opportunity this summer to hedge at more favourable levels (and terms).

Nice one Yh...Great teamwork on here to keep us all informed.

Permian's lost 1 and is just up 1 rig over last year. Williston, ND is also down 1.

Oil rigs up 2 this week...

At least Brent is up a buck and half from today's low and is above the 71 handle. US economic data today has been positive and dollar is weak and voila, we have a good end to the week for Brent.

Drop of 5 or more oil rigs will be good. Here's hoping!!!

The over production there is killing WTI,/Brent

Morning Whiteace. Beloware details as to how you can request online to attend an AGM (or you can call customer service. If you want me post here a scanned copy of my AGM Letter of representation, I can do so - just so you can see what that looks like.

BARCLAYS STOCKBROKERS
https://bank.barclays.co.uk/olb/authlogin/loginAppContainer.do#/identification
To arrange a proxy vote (where Barclays vote on your behalf), please call us on 0800 279 3667 or send us a secure email as follows:
? Login to your account online
? Select ‘Contact Us’
? Select ‘Contact us by email’
? Select ’ General enquiries’
? Select ‘Other’ in the primary enquiry category
? Please fill in the ‘Your enquiry’ box with the name of company, date of meeting (if known), proxy vote or attendance(yes/no), account number where holdings are held & quantity of shares held.
? Finally, Click ‘Send enquiry’
As the proxy vote needs to be lodged with the company registrars 48 hours before the meeting, please allow at least 7 business days notice to ensure we have enough time to arrange this for you.

Tom - production reductions at the end/beginning of the year isn't unusual, tbh. We know US refineries aren't setup to process the West Texas Light (WTL) grades that comes out of the Permian in abundance and stockpiles keep piling up. WTL was a couple of bucks lower than WTI a few days ago and that may widen. That's about the only way I can see this oil being taken up Asian customers. They're already trialling WTL as a substitute for Iranian light.

Nice one, GKB. Yes, my numbers align with what you have. Malaysia must then outperforming and ENQ's share must be north of 10 kbopd at this time.

You're quite the dreamer - $73 tomorrow....

This time around, its the American shalers shooting themselves in the foot. Record production yet again at 12.3 mmbbls a day as of last week, from the weekly EIA record. Differentials will continue to widen and Brent may stabilise once there's clarity on the trade war situation.

Someone on AK or GK or with the ENQ team would know.

As long as you're a shareholder, yes. You need to request a physical vote from your stock broker.

Do you have a online stock trader account?

Whiteace - Date is 23rd of May. Location is Sofitel hotel St.James in London.

https://sofitelstjames.com/en/

Thanks, Romaron. I'll sure keep that in mind then - although they may have already seen mine and they certainly weren't googlies.

I hope I can make it that day and if yes, we'll have a chat.

Best