Member Info for January2

As my good Uncle romaron said
"Build it and they will come".
Looks like they are begining to arrive.

With the 25p L3.
Hope you get it. However we only have around 6 trading days left . Lloyd's share dealing platform has a cut off date as 15th July to reply to the "corporate action" and fund your account. I assume most other platforms will have a cut off date around the same time. I guess they need some days to do all the admin .

It's Mice.
The mice have eaten them.

Trafigura's - Saad Rahim said on Bloomberg that "we have only had backwardation of more than $1 twice before and both times it lead to over $100 oil".
"We now have backwardation of over $1 again".
Needless to say he is calling $100 oil during 2022.
The interview went out on 22nd June 2021 .

Interesting, if true. Maybe we can get $100 or more. Here's hope-in.

Many Thanks E121, MrC and gkb47 for your replies.
The extremes of the spread seem to be the current sub $1 to $10.
I guess $3-4 is more the normal level. Maybe we will see the spread widen again over the coming months.
If US shale does begin to increase production then that will hurt Wti more, widens spread.
These Iranian barrels of oil. I'm assuming that they are closer to wti, therefore will negatively effect wti more.
Anyway thanks again.
JAN

In the last couple of years the spread between wti and Brent has been up as much as $10. Today its the closest its been in years at around just $1.
If the spread was $10 today then Brent would be $86 now.
E121 or anyone, why is the spread so narrow today ?
Cheers JAN,
Ohand will it stay this narrow ?

Yep OPEC meeting finished !
NO extra Oil for the market. $80 incoming !
Makes you wonder if there are games being played here.

Pelle,
Snap - great minds think alike ! lol

Hi Mr C,
Just looked at "Your Boulder Picture" again.
With my " Engineers Hat On" I can see that the main weight of the boulder is actually on the sea bed. If you look you can see the boulder is sitting on the sea bed with it just resting on the pipeline. Looks OK to me.
I also can see in the picture L3 smiling in the background, even though he has some form of scuba equipment on, I wonder if he put the boulder there ?

Mr C,
That boulder looks good to me ! Seems to be holding the pipeline nicely in place. The damn thing won't move with that "On Top Of It !
I would leave it there.

Ministers are holding informal talks first (now) . I guess this means the negoiations are "in progress". This is before the main meeting, which has not yet started.
Looks like mini meetings amongst delegates negoiating the fine details. Then they will begin the main meeting to "Ratify" everything ! hopefully will be concluded today.

Gkb47,
Your keyboard is not working.
Just churning out rubbish.
Pretty much same as normal then ! Lol

Therapist,
Only joking. Trying to get a laugh out of a strange situation..

Therapist,
Sadly I think you may need some therapy yourself. What are you on about ?
A boulder on the pipe ! Let me guess a large boulder just rolled itself along the seabed - yeah right !
Or maybe a football match was being played underwater by sharks. Yes that's it ! The Great White vs the Hammerheads. The football they used was a boulder. The Great White's scored and the goal was marked out with their shark coats layed against our pipeline. That's how it got there then !
Next you will be telling us that there is a nest of robins in AB's waste paper basket under his office desk !

Would be a clever game plan to "fake a disagreement" between members , too then do nothing as NO agreement reached.
That would mean that NO new barells for the market. Oil spikes over $80 and beyond = OPEC make lots of money !

Hi L3,
I don't focus to much on the odd problem. As you say " they happen". They also get fixed.
I expect the production forecast from Enquest allows for some production problems. They have been in the industry long enough to understand this and include it in their forecasts. I stand by my 47k for H1 and min 50k for the full year.
I work 'top down' and not bottom up.
What do you have for full year revenue L3 ?
I posted mine at $1.277B
I also have full year FCF at $483m , let's call it $500m

The last data I read shows the average for POO year to-date is $67.
This is an interesting number for me because it was my guess for the average of POO on Romaron's win a bottle of bollinger competition. That's right lads, at the half way stage the bottle is mine !
Sadly though I have POO averaging $70 for the full year. Yes if POO can average $73 during H2 then we will see $70 as the average for 2021. Who has $70 in romaron's bollingercompetition ?
With The GE deal I forecast production to average at just over 50k bpd for 2021. The full effect of the GE production won't be seen until 2022.
In summary then I have revenue for 2021 at a nice $1.277B

Averaged 46,158 for the first 4 months of this year. With production issues at Kraken and Magnus to be sorted during this time. Indeed 3 days was lost at kraken.
I am expecting May and June to raise the average to 47,000.

Thanks for your reply L3.
While I see things more positive than you.
I have respect for your calm polite manner and attention to detail.
All the best
JAN

Sorry L3,
One final question - I quote you
"AB had had enough of being woken up with the news that more stuff had happened with them".
You mentioned a few times about AB being woken up in the night !
My question is -
How the heck do you know this ?
Are you sharing pillows or what ?