The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Ita a start
The target got to be $50+ any lower just will not cut It....How long it takes to get there is anyone guess?
Ted Cruz interview today on CNBC....Watch towards the end very interesting insight of Americans staunch on oil price KSA and Russia.
https://www.cnbc.com/video/2020/03/30/sen-ted-cruz-coronavirus-relief-package-oil-prices-airlines-squawk-box.html?&qsearchterm=ted%20cruz
Indeed Romaron !;)
Good find Pelle....someone’s gotta give, just who and when?!
Agree squif and can I say a big thanks for your well balanced and informative post lately...much appreciate !!
And as they say ...‘Owe a million is your problem, owe a billion is the banks problem’
Stay safe all!!!
P :)
I must say there where several minutes chopped off the Luckock interview ( as I watched it live)...he did go on to say they only see this bottom Bent price for a couple weeks, to bring balance back to the market....he also went on to state they are still bullish on oil and see 40’s by year end.....Doomberg at it again!!!
Also worth a listen.
https://youtu.be/yAg_fDOg4CA
Oil Needs to Drop $10 to Match Demand, Trafigura's Luckock Says
https://www.bloomberg.com/news/videos/2020-03-27/oil-needs-to-drop-10-to-match-demand-trafigura-s-luckock-says-video
So what does this all mean for Enquest?....so many unknowns :(
Spin my wishes to you and your family for a healthy recovery.
Like all on this board tired of seeing Neil’s filtered box last on every topic....it’s time to gather together and get this man off this board.
This is Ian woods reply to my email some days ago:
These are difficult times for many for sure, so appreciate your concerns. Given the low oil price environment and no line of sight when it may recover, we are looking at what we can do with our operations (cost and capex) to lower our cash costs - this work is currently ongoing. Thankfully, in the meantime we have no bank amortisation payments due in 2020 (as we repaid early), our bond interest will be settled via the issuance of new debt (Payment in Kind, or PIK) rather than cash at these low oil prices, and we have hedged c4MMbbls (2.9MMbbls at c$65/bbl and 1.1MMbbls at c$52/bbl), we have less liquidity stresses than may otherwise have been the case.
As you Londoner....they are holding onto the cash.
Trumps stated there’s been talks, and that he’s getting personally involved with negotiations, as he is not happy with these oils prices and is speaking with KSA and Russia to find a happy medium. Trump the mediator
As they say ‘owe a million is your problem, owe a billion it’s the bank problem’.
I’m in line with that itsaponzi
Yeah saw that....that’s was base case....if we go into super contango....but at this rate you can’t argue against it
How can they give a downgrade a week before earnings......gangsters!!!!!!!
Do they give a base case of the Brent
Price in that rating?
They’ve absolutely got it in for ENQ