Member Info for January2

Chilting
I was just trying to be funny
I think the work you have done on this board over the years has been superb. Thank you for that.
All the best
Jan

Chilting,
Do you have an Uncle ? Is his name Joe ?

romaron,
Can you give me their number ?

Chilting,
You ask "what then ?"
Well that's the question you get to answer when you are the boss ! Let me assure you AB will have choices, he just needs to choose the best one. Chilting you are talking "Strategy". Thinking Strategically is AB's job.

Yep KO,
A good day for flushing-out the Meek and Weak.
A good day for buying-in for those looking to invest !
IMHO of course.
The board have done a great job with what they can control over the last few years. Hedging could have been better.
However bad luck with numerous issues outside of their control has held us back. Bad luck does not last forever. Our turn for good luck will come.
With higher Oil prices the company must eventually 'Write-back" the value of it's assets. Our Oil in the ground is worth more !
NAV must improve greatly and thus our share price.
Great to see E121 back on the board. Great to see the board today not being "Swamped" with MrCcc's and Ddd's.

E121,
Great to hear from you.
Excellent post, totally agree with your projection of $80 oil this summer. Been justifying that on here for the past weeks. I think good old Pelle is a $80 man too !
I just prey that Coronavirus does not have any nasty surprises ! Although I read last night that our boys at the "Oxford Lab" are working on the next vaccine already in case we need it ! They believe the current vaccine will be good for the current strains (UK,South Africa and Japan strains) But are getting ready for variations to vaccine should they be needed !
Good to hear from you E121
All the best
JAN

Mr cc.D
Flip flop,
But in this case sadly Mr C. Flopped Flipped

Tom,
Tanker frequency shows NO weakness yet. They spent 2019 and 2020 sorting all tech issues. Kraken Oil is in the ground, too.
I think 2021 should be fine, with some capex spent . Maybe a small variation on 2020 production levels.
Magnus will be interesting for 2021 though. Could surprise !

No Dodger !
Don't word it like that.... You will start him off again !
I think he has sold out again, hence the crafty negative post.
I don't trust those who are inconsistent !
I don't trust those who harm birds !

You just never know what it's going to do !
Now 56.50. Who would have thought.
Some were calling 50 or 52 and what happens. Brent gives the market the middle finger and marches up to near 57.
80 in the summer is my forecast, as explained in my post a few days ago.

gkb47,
The current coronavirus has done it's worse. As you are aware coronaviruses are not new, they have been around for ages. The 2019 one was abnormally bad. These viruses naturally mutate over time. I understand that they get weaker and weaker as they mutate and time goes bye. It will take a bit more time yet but the end IS in sight. Hopefully the next bad one is another 100 years away ! Like the last. So yes I celebrate that Brent prices bottomed last March and the cycle now is an "upward wave" and our Share Price will follow! No need to scare the old folk. We have seen it all before!

Hi Spin,
Yes I did smile. You mentioned in your last post - "burying their heads in the sand.".
I smiled Because when we get old we realise that we are Mortal. We then start useing words that relate to it !
Words like ;
Burying ..........
Grave ............
The SP has died or fallen off a cliff !
All happy stuff !
60p this year Spin ?
I am hoping to see 60p before I get to 60 years old !

Pelle,
I think markets gi in cycles. Sadly I purchasedon the way down ! Cycles seem to be 10 - 12 years . We have hit bottom on oil when prices went negative. I think we are on the way back up. The question is - How steep is the curve up ?

Primetime,
No not really as they are selling it now anyway. Iran is selling plenty of oil today. The US knows it but can't or won't stop it. Under Biden their oil sales will just appear on the radar, where now they are under it.

Hi HMH,
Great post !
Post of the day. I could not explain it as well as you have. My thoughts too !
All the very best
JAN

Hi Pelle,
Ok IF your demand figure is correct at 94m then supply must be 92m based on your earlier post.
Demand at 94m is going to grow slowly at first then rapidly as people start moving and holidaying again. Demand is lekely to go from 94m to 100m during 2021.
Supply is currently 92m (your figures) . Shale production forecasts are saying shale production will fall down seriously from qtr2 2021 (once all ducts used) I have see figures of nearer 8m, however around 9-10m seems where most see it going. Thats 4m bpd off the peak in 2020. I see OPEC struggling to replace that ! OPEC and the rest of the world have their own "depletion" issues (like we at ENQ do) Compounded by seroius under investment for many years in "new" Oil supply. If OPEC can only fill the gap of shale decline then supply stays at 92m .
We have up to -8m bpd problem ! In reality it could be atound 5m bpd shortfall by late summer ! What Oil price then ? $80 or more ?
My views Pelle
All the Best
JAN

Hi Pelle,
Thanks for your input.
Not sure I agree with the numbers !
Consumption 95-96m. Oil demand only 4% down. Seems wrong. What was the source Pelle please .
Not sure it's possible for OPEC+ to add 7m bpd either. That's a very very big ask Pelle. I am sure I read somewhere that they could only add 2-3m bpd max.

I sounded "rampish" in my last post. Let me explain.
I see US production falling below 9m bpd in the coming months. Loss of 4m bpd. I believe we have lost 8m bpd from the rest of the world. Even ENQ have lost some over last year. Total world loss 12m bpd minimum.. Therefore max world suply is around 88m bpd.
I see demand being in the 90's by Summer and a little panic from the market about not enough oil.

I sounded "rampish" in my last post. Let me explain.
I see US production falling below 9m bpd in the coming months. Loss of 4m bpd. I believe we have lost 8m bpd from the rest of the world. Even ENQ have lost some over last year. Total world loss 12m bpd minimum.. Therefore max world suply is around 88m bpd.
I see demand being in the 90's by Summer and a little panic from the market about not enough oil.

Dodger,
Agree with your forecast on Brent.
However I can see 80 during the summer.
All the best
JAN