Member Info for mattwales

unemployment to soar across multiple industries from airlines to travel to oil and financials imho causing bad debts to multiply across all commercial banks.

once the dust settles and it could be a year yet then takeover possible.

some hedge funds/banks would have been on he wrong derivative position on oil and commodities.

We could yet have a Lehman style event and repeat 2008 because of the volatility.

American oil production is political. Trump will prop up the US oil market with tax incentives etc.

Not a chance the likes of exxon and chevron will abandon Permian basin.

I think ur kidding yourself this virus is panicking normal sane people to stock up a war room of food and not travel anywhere.

the psychological impact will last a lot longer than the virus itself.

in the meantime oil will continue to slide down.

https://www.bbc.co.uk/news/world-middle-east-51787238

https://www.bloomberg.com/news/articles/2020-03-07/italy-to-impose-virtual-ban-on-entry-to-lombardy-corriere

northern Italy lock down 16 million citizens

https://www.bloomberg.com/news/articles/2020-03-07/italy-to-impose-virtual-ban-on-entry-to-lombardy-corriere

northern Italy under lockdown to 16 million citizens isnt going to help either

oops typo 30%.

you get the drift cheaper oil means jet fuel prices are 25% down etc already if the slide contines airlines cut prices.

its not how long the Virus lasts its when people stop panicking shrug it off and as soon as airline prices and hotel prices fall or travel companies give 300% off a holiday demand for travel will rocket again.

Think 9/11.

Gary, like anyone saw a virus that shutdown China and manufacturing that has spread worldwide and has people not booking travel.

Its a massive demand shock.

yeah but we'll still need oil for plastics and a multitude of other products.

Of course bluemoon oil prices continue to slide like this they will obviously limit capex.

On the opposite scale if this slide in the markets carries on every Government will have massive stimulus programs.

Tullow expects to generate underlying free cash flow of at least $150 million from 75,000 bopd at $60/bbl.

bluemoon, if tullow average $52 for everything they go cashflow negative.

8 x 75000 x 365 = $219m off the $150m positive cashflow = $69m loss

brent down almost 9% without a deal oil heading much lower.

bookings have fallen off a cliff and that cash pile of $500m will dwindle....may need a rights issue.

FED under pressure to lower rates again at their next meeting.

UK interest cuts will decimate bank margins already under pressure from too much competition.

end of Q4 is likely to be much worse Q1 due to worsening margins.

the only shred of comfort is u'd best hope these morons invested in US treasuries.

Uk interest rate cut will be the final nail it needed to cut costs a long time ago as management dither.

net debt more than trebles, cash down 80% in a year. rights issue or bust imho.

however, I think that portal is full of ****.

if u go far to the right u see block 4796 owned by Kazenambo Kazenambo expiry 22/11/2014 pending renewal.

As of dec 2014 he was bragging he still owned it.

https://www.namibian.com.na/index.php?id=124377&page=archive-read