Member Info for mrc_mrc_mrc_mrd

Large draw

U.S. crude inventories fell by 5.82 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a draw of 1.67 million barrels the previous week. Gasoline inventories rose by 1.88 million barrels and distillate stocks increased by 4.43 million barrels

Ah you say his name and he appears lol.

Buying back in GKB?

This guy sounds just like ammu

At current estimated realised oil prices (averaged over the next 9 months) ENQ will have a $2million shortfall.

However will they come up with that sort of money?n?

They keep this level of cash buffer fairly consistently if you look back at the RNS. It is there to be used. Not saying they would need to, or should use it all.

You seem so certain they need to refinance? Not sure why you bothered asking opinions?

Lol

Lol L3 has graced is with his magnificent presence.

Must be January.

Get the feeling this guy is not invested?

On the Capex front you are correct. Once the debt is repaid they need to start spending on near field wells at kraken, magnus, and malaysia. There is a pipeline of rapid payback wells to be tied back to these assets.

The assets which ended their life in 2020 we're all high cost barrels so not a great loss.

If they can repay debt and get equity back to a sensible level then we might need a small raise to put cash down on BPs assets, though I hope we can do it without a cash element (vendor loans and production sharing as per magnus deal)

Hello slift

There is $195million non ring fenced cash available.

Production assumed to be FCF barrels of 40000 bbl/d. The rest goes to others (BP, Sculptor).

There is also an estimated $5-10 kraken premium to brent so assume a few dollars extra realised per barrel across the 40k daily production.

The company has forward sold barrels in the past and could do this again should oil price not remain favourable.

As to the Baron...the whole investment community seems to be getting on board with the ENQ story.

Ariel - ENQ likely to rise sharply - just look at the volume today. At some point the sellers will dry up and this will rocket. Just need to get rid of the stale bulls lol.

All IMVHO of course!!!!

Feel a bit sorry for GKB and Chilts who seem to have missed a good part of the rise here. Still time to get in perhaps before the next leg up?

Or will we gap up?

https://www.spglobal.com/platts/plattscontent/_assets/_files/downloads/crude_grades_periodic_table/crude_grades_periodic_table.html?utm_source=blog&utm_content=plattspto&utm_term=editorial

I always liked this . Kraken near bottom right

Quite an old paper but it confirms sulphur content of 0.8 for bressay and also talks even then about premiums where cargos sold for fuel oil

https://www.google.com/url?sa=t&source=web&rct=j&url=https://itportal.ogauthority.co.uk/information/papers/spe54623.pdf&ved=2ahUKEwj2pbeZ7JbuAhWnyYUKHd1HBMMQFjABegQIBRAB&usg=AOvVaw0vmsNbIO9OKTAGqpEq_2GJ&cshid=1610470103957

I believe bressay is sour but struggling to confirm thay

Highest volume since rights issue in October 2018

Yep this is a switch waiting to be flicked. Once the debt payment is looking nailed on this will bag up.

ROFL aye - same as that other clown that is the master trader - BTFATH

She's off lads!

She is almost at vinegar strokes IMVHO

Gla

Therapist - how many days will that be since last offload?