The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Chinese and others will be buying....just not from USA.. probably from alternate routes like Iran, maybe why a "glut" has apparently appeared in the US stocks in few weeks as they have lost clients with Don's trade antics.
Expect Russia cuts and a spate of mechanical failures causing production disruption in Saudi shortly blamed on the lack off investment during the last several years of low prices
Mcap now lower than the 12 month profit pmo will declare?
Surely you meant to say.. they go and do that project and sell the other two... What a difference 6 weeks makes.. impossible to predict this. I thought the bottom was 85 then 78 then 70.5 today, bought on all occasions , so where is the bottom ? Any ideas? Again pmo tanks referenced to its peers.
Mmm Solan was an expected game changer. SP currently at levels Nov 2017 prior to Catcher on stream, market seems to be ignoring the large production from that asset and resulting cash generation, where would pmo be without it. Next game changer Zama , agree with SK they need to sell it. Pretty clear sea lion needs a big oil farm.in partner to progress. Tolmount interesting low capex project there.
Mr Al-Falih says the kingdom can ramp up output from 10.7 million to 12million barrels a day (b/d). "This I can assure. But if 3m b/d disappears, we cannot cover this volume," he said. Mmmm I would like to see them try SA has never produced 12M.. from my experience of SA they are already close to max. In April 2015, the Saudi oil minister Ali Al-Naimi said that Saudi Arabia produced 10.3 million barrels per day in March that year, which was the highest figure based on records since the early 1980s. The previous peak was in August 2013 at 10.2 million barrels per day.
You are probably spot on Ros 1
Well in a recent interview with proactive inv Tony CEO did suggest 400M paydown this year and next, thats 6 months entire Catcher production revenues assuming it stays at 60K till year end and there has been little or no paydown thus far, personally I would expect there is a token paydown in the tu rather than none, anyhow nice to see a good rise today maybe its gaining some weight.GLA
Sk i dont post here generally but i have been invested here since 25 before suspension, I am very happy to sit it out for a good while yet and plan to exit at 250, i dont need to deramp or ramp whether i happen to be in or out , champage bath maybe in 2019 we will wait and see.. enjoy your sunday afternoon
With oil off peak already large production increases (even if they retain such capability to increase after a long period of nil investment)are likely to be of lesser importance to whats on the nopec opec meeting lunch menu. Why would they wish to savage the oil price at early point of recovery of their oil and gas industry, a token gesture increase at best Imo