Member Info for Heid

Bloomberg :

'Europe’s Energy Crisis Is About to Get Worse as Winter Arrives
With the prospect of blackouts and fights for supplies, there’s a growing sense of foreboding before the cold weather has even really hit.'

Ooops a Daisy. Over to you Greta Bla Bla Thunberg.

MuckyBee muck spreading.

You sound like you have been to spoons.

My words are how I speak and no one will change that.

You are very pedantic.

First time ever I actually visited a spoons on Friday night. Proper working man's pub. I am pleased I went but I did feel a bit out of place.

Please explain to me MickyBee what delay there is with Wressle ?

The only delay we have had was the stupid councillors going against planner's recommendation and which ended up a win for the operators with costs. We have had the same play out with Biscathorpe which in my mind will go through the same process. Very pleased to see West Newton moving forward last week too.

Back to my favourite for the moment, for obvious reasons, which is Wressle. Call me what you like but the money David is banking from this asset is a huge winner. What he will do with all those millions..with out the need to pay for a side track at Biscathorpe for now..well ! Over to David to decide. I go share buy back.

persimmon, what is this delay you speak of conveniently avoiding mention of Wressle, our main producing asset.

I am more interested in what way Brent oil price will go after the massive over reaction on Friday to a new covid variant with little know about it. As far as I can tell the algos took over an let's see what happens when the humans are at their desk this week, because to me Brent looks very cheap indeed.

OPEC+ won’t have enough data either on the virus but it is obvious that their decision will now be quite different when they meet this week . We need OPEC to put extra supply on to the market if the new variant is a false alarm, as I suspect. OPEC an it's allies are already running out of spare capacity because of insufficient investment. Global inventories are at pre pandemic levels and we don’t have investment in to shale anymore with buybacks and dividends. The cold weather has arrived and it is now expected that a switch to oil from gas will accelerate. Gas prices as we know are at an all time high. It is fair to say we are looking at a tight market where we need opec to add more.

It will take decades, not years, to displace oil. I anticipate news from Wressle by Xmas and I also believe that once the choke is opened and we let that pressure go Wressle will be a fantastic earner for all partners in what I see as a multi year bull market.

That's £70 please David. I will invoice you later chick x

After seeing Mark Abbott's makeover I wouldn't mind him pushing the button to get that choke open and the oil flowing more...

https://www.youtube.com/watch?v=oJDGcxAf9D8

Pair of C*CK Roaches arrived.

Hamilton Pete could do a leaflet drop an crowdfund to send me packing here :

https://www.youtube.com/watch?v=L8XCkgfWD3s

Be in my element.

Something for next weekend that may be interesting ..pro oil or protestor.

I am not interested in tanker photos. I go by community notes, RNSs and interviews.
Why do I need a photo ? They bore me now.

It's like going through a photo album.

https://twitter.com/Heid_oil/status/1444201526390624256?s=20

That's a good one of ..

https://twitter.com/Heid_oil/status/1444390637881675795?s=20

Dear Councillor Birch,

Happy Christmas.

Gas prices skyrocket as Putin plays 'game' by 'turning screw' on EU's energy market.

European gas shortage will push up fertiliser costs and food prices

Love Heid Oil xxxx

Goldman Sachs and Capital One are both saying that today’s oil’s price action is allowing for a 4 million BOPD hit to demand when the travel bans announced are looking at a 10,000 BOPD hit in a 100 million BOPD market. This means the new strain is priced in at ten times worse than the delta variant ! It will take two weeks before we know if the vaccine will work, with the worst case scenario now baked in the oil price. I would also add that OPEC meet next week and will be keeping a strict eye on the oil situation. It is likely they will pause more oil coming back on to the market which covers the SPR from the USA an other countries. I believe we are in a multi year bull market for oil and will see 100 Dollar oil next year.

With the income Wressle is and will be generating for Union Jack Oil makes a very strong balance sheet. We could see meaningful dividends or share buy backs in the future. At the moment UJO is trading at a deep discount to what true value is. Will we see more director’s buy in at this cheap price ? I anticipate an update before Xmas for Wressle.

It was great also to see the West Newton planning update RNS which was a sensible approach by Rathlin. They put a revised application in satisfying the 'concerns' of the Planning Committee in tandem with the legal review and possible appeal of the original application. This was a similar approach that Egdon took with the Wressle refusal. It means that should any appeal either not be granted or refused by the Planning Inspector, the process can continue for additional wells at West Newton A. If the application is refused a second time after addressing the concerns of the committee’s original decision, it gives better grounds for appeal and that the committee may possibly be acting unreasonably.

GLA

Good to see you posting jndavid490

I appreciate your comments.

Good night.

It is ten o'clock at night and you are all still speaking and thinking about me.

Well... I have made an impression.

Please rest now... we have plenty of time together to come...

Next week I have a feeling OPEC may pack a punch .

100 Dollar oil next year..? Yes.

I got to know Chris a bit, an he was an interesting nice man when he left.

There we go...up ya bum.

Ciao.

Shame on me hey Chitty ?

Not those who tweeted the leak then ? Nope...shame on Heid.

Anyway...as I said. I am holding. Wressle is a stunner. Just like me.

Will OPEC play a blinder next week ? Pause the 400

This is just a blip. Oil will rally big time over the next few years,

Wressle will be a mega banker.

Yes Lyn.

MickyBee would like fawning over a few pussies.