Member Info for HeavyMallard

AK and NO are now less than 1 nm apart. Could be hooked up in less than an hour

TL now shown on MT as 'Moored' 1.1 NM from Enquest Producer

AS now underway at 13 knots towards AK eta 1:30 pm BST

Oops - has stopped 27 NM short of AK

I have to say I am disappointed. Tanker frequency suggested a K output above 40k bopd and this should have meant an upping of guidance. Also guidance and production are level with a contribution of only 21.4k bopd from K because of shutdown in March, but hinting that higher production for rest of year is possible based on 36k. All in all, not sure we are much the wiser than after the last update on the 20th Mar. A small amount of debt reduction is good news for both the equity and the 2022 bond.

GK is now sailing to Glen Lyon west of the Shetlands. Any other candidates for the next offload Shuttle Tanker as I can't see one?

Now moored at Kraken

The bond has just had its highest weekly close in 3.5 years at 92.88. Not sure if this is just related to Oil or the improving prospects for ENQ balance sheet from increased production and better cash flow. Either way there is a chance that the bond will start paying cash and the PIK will be dropped. I have both ENQ1 and ENQ btw