Member Info for JiffyBag

Boobird,

I have already started to take Vit D supplements, we all need it given the lack of sun in the UK.

This is what we should be doing, forget 'Herd Immunisation'.

https://www.channel4.com/news/thats-not-going-to-delay-the-epidemic-its-going-to-escalate-it-says-professor-of-global-health-anthony-costello

Calamari,

What a fantastic answer, brilliant, so funny!

Science V Politics?

https://www.channel4.com/news/we-are-in-a-grave-situation-says-professor-dr-john-ashton-as-he-says-the-uk-are-a-couple-of-weeks-behind-italy-in-the-coronavirus-pandemic

At the end of the day, you and only you and your family, will be the ones to make a choice as to whom has your best interests at heart.

This is scary S---t, without a doubt, seriously considering moving to the Outer Hebrides :O)

AK,

Best you live to play another day rather than succumb to a real threat ? that would be my thinking.

Stay safe.

Absolute F----g disgrace, when folk panic over a piece of paper :O)

I am sure my Grandad used Newspaper in WW2 :O)

SG2,

Agree and cannot disagree with your conclusions, roll on the CMD.

Just need to keep an eye on the Paul B Loyd Jr rig movements I guess, as AK has alluded to.

If no movement before the end of March. I am anticipating an extension of P&A for LC.

My guess is that the 'Donald, Oh Great Orange One' will exert a behind the Chinese Wall pressures, that effectively translate into a KSA importation tax, so neutralising a $20 price, the $20 scenario will not be allowed to continue.

AK,

Good on you , BB is a Pain in the A---e, for sure!

'In total, 11 people have died with the virus in the UK, while the number of confirmed cases rose to 798 on Friday.'

https://www.bbc.co.uk/news/uk-51882897

Wheras Italy is :

17. 660 cases, and 1,266 deaths, why are Italy's stats so much higher than the UK, this really bugs me?

Does the UK have a better chance of minimising cases and fatalities compared to Italy?

LW,

I am going to add a few Shell to my curent holding, purely because of the dividend to try and offset some of my paper loss on HUR.

They do say however, one should never sell Shell etc, but these are very interesting/scary times.

Also, read the BP RNS today about mass organizational change to meet carbon neutral targets by 2050., so that eliminates for now, any takeover of HUR fields by BP, imo?

The big issue for us HUR holders now is simply this, where are we at $20 a Barrel?, my understanding is that the BEP is about $35.

Of course I am expecting the KSA/Russian conudrum to be broken within the next 6 months, I am also expecting Dr T to update us all on Lancaster reserves via a new CPR?

If not,then expect the current SP to carry on in the same vein.

FL,

Of course you logic is 100% correct, and world oil storage has but a 'Limited Storage Capacity' , however the $20 scenario is likely to continue with vast amounts stored until such a time that KSA/Russia have had enough at playing games.

I cannot see future Oil prices changing until one side eventually capitulates, imo it will be the KSA whom fold their cards first, for both political and domestic reasons.

'OPEC lost when they pumped at will as lower oil prices destroyed their finances, and now they are losing their hard-earned market share as a result of cutting production. Shell’s declaration that they can “make money in the Permian with oil at $40 a barrel, with new wells profitable at about $20 a barrel” is an indication that Shell is here to stay, whatever the price of oil.'

https://oilprice.com/Energy/Crude-Oil/Shells-New-Permian-Play-Profitable-At-20-A-Barrel.html

Question: Would you buy Shell now at £10.83, even if oil were to go to $20 a Barrel, and given that dividends are protected?

https://www.sharesmagazine.co.uk/article/rare-chance-to-buy-shell-cheaply-and-get-11-yield

Looking at 'Doom and Gloom' $20 per barrel looms?
https://www.telegraph.co.uk/business/2020/03/13/oil-prices-set-sink-supercontango-storm/

It's all a dream isn't it? wake me up!

AK,
RNS -06/02/20
‘The GWA Partners have agreed to continue to build all the previously ordered equipment. If the GWA Partners are unable to obtain approval to extend the suspension consent, the Lincoln Crestal Well will be plugged and abandoned by the Paul B Loyd Jr rig in March 2020, prior to the planned start of the Lincoln Commitment Well.’

Maybe , still negotiating with OGA /Spirit? or P&A has been pushed out to October?

Also, the last Transocean Fleet Status Report, 14/02/20, has the following 3 booking entries for Paul B Loyd Jr rig.
My comment in brackets.
https://www.deepwater.com/investors/fleet-status-report

Hurricane Energy PLC Feb-20 to Mar-20
Hurricane Energy PLC Apr-20 to Sep-20 (Drilling, Lincoln Commitment & GLA 8????.)
Hurricane Energy PLC Oct-20 to Oct-20 (LC P&A???)

Thanks mover123, that's excellent news, just wish it was permanent :O)

Only applies to Italien and Spanish stocks?

Bottom line:

The CMD can be Skyped for all, reckon it will be.

What value will the CMD add given the current enviroment?

For me I will looking for an updated CPR and nothing less.

AK,
RE: Just to add, CV is a larger threat just now , so can blame it on that."

I beg to differ with your opinion.etc

AK, my respone to JTD was wholly in relation, in having to explain to one's Spouse etc, to which I am currently resisting for the time being , :O)

As for, 'The bigger threat is 'government responses', which is busy cratering the world economy. And with a bad economy, how are proper health-measures going to be effected?'

Agree, the NHS in the UK ,is going to be more than overwhelmed for sure, that is without doubt and a real certainty.
'
Re: Over on my side of the channel, the President has just announced that all educational establishments in France, from nursery-schools to universities are going to be closed from Monday onwards. Effin' great. So who's going to take care of the kids?'

And that is indeed, a very serious dilema.

I have Grandchildren and a Daughter who is a Nurse, if schools are closed, I will be the one to look after them during the day etc, as have already been doing so etc when they are ill.

Now then, the real issue is this:

If schools are closed, then the understaffed and already over stretched NHS, will face a very real and large crisis in managing the number of cases to be treated, also many health workers have kids etc, so this is all about balancing the overall risk to society at large I reckon.

But, the most alarming issue, is that most folk have not yet got their heads around ,as of yet, is that Old folk like myself are going to be put at the back of the queue when it comes down to who should and should not, have intensive care.

That is the most scary scenario part of the overall equation.

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