Member Info for ocelot

And from the BBC's coverage:

... On Sunday, Iraq's Prime Minister Adil Abdul-Mahdi denied "what is circulated on social media networks that its territory was used to attack Saudi oil facilities with drones".

The Washington Post newspaper said the US government believed that 15 buildings at Abqaiq had been damaged on the west-northwest sides, not the southern sides facing Yemen...

Middle Eastern markets down but not dramatically so:

https://uk.reuters.com/article/uk-saudi-aramco-markets/saudi-gulf-stocks-fall-after-attacks-on-aramco-oil-plants-idUKKBN1W005C

Hear, hear, Mirasol!

Secretary of State Michael Pompeo blamed Iran for attacks on a massive Saudi Aramco oil facility, saying there was no evidence the drones originated in Yemen...

https://www.bloomberg.com/news/articles/2019-09-14/pompeo-says-no-evidence-drone-attacks-on-saudi-came-from-yemen?srnd=premium-europe

It's SO complex!

In the week that Trump discarded Bolton, is this, in some way, Iran's hardliners trying to scupper any improvement in relations between Trump and Rouhani?

8% = about 8m bopd.

If they lose 20% that is still 1.6m bopd.

Deeply worrying development.
The assumption seems to be that Iran supplied the long-distance drones to the Houthis.
But Iran has other proxies in the region.
Israel must be very concerned, too.

PS: wouldn't want to be their insurers!

Oil price will have to rise because of:
1/ the immediate cut in Saudi Arabia's oil output;
2/ the need to build in a higher risk premium:
Saudi Arabia's key oil infrastructure has been shown to be vulnerable to this kind of attack.
But how can you guard against a concerted attack by 10 long-distance drones?

Oil price will have to rise because of:
1/ the immediate cut in Saudi Arabia's oil output;
2/ the need to build in a higher risk premium:
Saudi Arabia's key oil infrastructure has been shown to be vulnerable to this kind of attack.
But how can you guard against a concerted attack by 10 long-distance drones?

No idea if the Bloomberg headline is accurate, but half Saudi Arabia's output is about 5m bopd.

It'll be worried about supply if Saudi output really has been cut in half!

"Saudi output cut in half ..." is the current headline on Bloomberg.

"Saudi output cut in half ..." is the current headline on Bloomberg.

This week, I'll forecast where I think the stock should be:

Broadland 203
bunks 207
ocelot 350

£ closed yesterday at $1.25018, so the currency market has begun to anticipate a deal with the EU (or, at least, the absence of a no-deal).

UK domestically-orientated stocks (FTSE 250, etc) have a long way to rise should the currency market prove to be right.

From Citywire's round-up of the morning press:

Financial Times: Boris Johnson’s team has drawn up a detailed plan to force a new Brexit deal through parliament in just 10 days.

£ closed yesterday at $1.25018, so the currency market has begun to anticipate a deal with the EU (or, at least, the absence of a no-deal).

UK domestically-orientated stocks (FTSE 250, etc) have a long way to rise should the currency market prove to be right.

The Lincolnshire gas field represents very good cash flow so they will not need to fund
raise. (From note 11 of the notes of the Community Liaison Group meeting of 28/08).

Rather an odd comment. Is it possible that Saltfleetby is progressing quicker than one had been given to understand?

https://balcombeparishcouncil.files.wordpress.com/2019/08/angus-energy-clg-notes-28-aug-19.pdf

E_AL,

Agree that the spread is often wide.

Today, it was both wide and "skewed", to give a mid-point considerably higher than the price at which trades were being done, (hence all the trades classified as "sells").

Re your last point, am not as pessimistic as yourself: the stock has come down a very long way and is overdue a bounce, let's see what happens when the Balcombe application is made and hear what they have to say during the update on 30/09.