Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And that includes beginning of 2016 and March 2020. Should not take much positive news to bring some buying with that positioning.
https://www.zerohedge.com/markets/hedge-fund-oil-shorts-hit-record-high-just-physical-demand-surges
Subsiduary 1pointfive plans on 70 projects by 2035, each storing 1 million tonnes per year.
https://www.forbes.com/sites/ianpalmer/2022/07/25/warren-buffets-big-money-bet-on-occidental-petroleum-company/?sh=104373e743ab
It is early innings and I an not sure how to make comparisons, but looking at Aker Carbon Capture ASA, there seems (not unexpextedly) to be another logic to valuation. Would there be a better way to bring that value across, for example putting it in a separate company and listing it?
https://m.marketscreener.com/quote/stock/AKER-CARBON-CAPTURE-ASA-111381617/
Given the total lack of buying interest with just over 1 million shares trade in Sweden and GB combined today, just imagine the effect from buy backs and or director buys… even small share holders like us could have big effect if we just block out all negativities and buy more tight now with a holding horizon of a year…
I would argue that buy backs are better use of money and give better value to (remaining) shareholders than dividends at these levels of stock price. It would only take small amounts to stop share price from going down and instead rise. A no brainer if they have any skills in capital allocation.
I also noted the gap full. Key now should be for oil price to reject this area immediately in which case next stop should be a test of 87 again within a few weeks time. If we stay more than a couple of days at 79 or below, it would be very unconstructive. Lets hope…
What is the latest on Unite strike?
The dates were set to 24-26 april. Is there an ongoing strike and if so, what is the effect on Enquest?
https://www.unitetheunion.org/news-events/news/2023/april/unite-announces-major-48-hour-stoppage-as-tsunami-of-industrial-action-set-to-hit-oil-and-gas-operators-in-massive-pay-dispute/
No, according to FI (Finansinpektionen) Enquest shorts are 2,29 % now , which is up from yesterday number. Unclear if addition was made during yesterday and publicised today or if shorts are added today. FI shows a total aggregate of shorts, also those under 0.5% each. The other sources only add together those over 0.5% each. See link.
https://www.fi.se/sv/vara-register/blankningsregistret/emittent/?id=2138008LJU6WFQWOXJ73
Yes, the difference I ett pressmeddelande I think is due to that FI lists total shorts and ST only those over 0.5%, at least to my understanding. ST might then soon show 0% onwards until someone gets to at least 0.5.
A bit difficult to follow as there is no history only current status. Only those with at least 0.5% are named, and Citadel has been adjusting around that level back and forth for a while. Total was 2.2% when I last checked on March 22nd.
Here is link:
https://www.fi.se/sv/vara-register/blankningsregistret/emittent/?id=2138008LJU6WFQWOXJ73
Putting in a floor via amendment of finance bill makes sense, but Enquests FY report is due the 5th. Will amendment be time or will report have to factor in EPL as it is, or will FY report be postphoned again? Thoughts?
Sorry, there was I paywall. Here i the gist of it from OilPrice:
North Sea Oil Driller To be Sold. UK-based oil company Neptune Energy, backed by private equity groups Carlyle and CVC Capital and boasting a production portfolio of 135 kboepd mostly focusing on the North Sea, is reportedly seeking a full sale for more than $5 billion as talks with ENI (BIT:ENI) stalled.