Member Info for ocelot

Thanks, hasiba.

I noticed this re Canada:

Canada’s overall rig count decreased by 44 rigs as well this week, to a total of just 54 rigs. Oil and gas rigs in Canada are now down 34 year on year.

.

https://uk.reuters.com/article/oil-opec/wrapup-1-calls-mount-for-new-opec-deal-as-oil-prices-and-demand-slide-idUKL8N2BK4T9

... Now Genel Energy is valued at approximately 0.48x Enterprise Value/Earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX), as the market priced in not only the Kurdistan risk discount but also the oil price downturn and the coronavirus-related gamut of risks. EV/2019 EBITDA (unadjusted for impairment), a more familiar metric for most investors, stands at 0.54x. Levered free cash flow yield is even more impressive, equals to 37%. This makes it one of the cheapest oil companies in the world on a relative valuation basis...

https://seekingalpha.com/article/4334591-genel-energy-courage-and-cash-to-maintain-dividend-amid-tumultuous-times?utm_medium=email&utm_source=seeking_alpha&mail_subject=gegyf-genel-energy-has-the-courage-and-cash-to-maintain-the-dividend-amid-the-tumultuous-times&utm_campaign=rta-stock-article&utm_content=link-2

https://uk.reuters.com/article/us-global-oil-saudi/saudi-says-no-talks-with-russia-over-more-opec-countries-or-joint-pact-idUSKBN21E22S

Good volume: 46m shares, per advfn.

https://uk.reuters.com/article/oil-opec-russia-rdif/russias-rdif-new-opec-deal-possible-to-address-demand-if-others-join-idUKR4N2B4012

“We are in contact with Saudi Arabia and a number of other countries. Based on these contacts we see that if the number of OPEC+ members will increase and other countries will join there is a possibility of a joint agreement to balance oil markets,” he said.

MOSCOW, March 27 (Reuters) - Kirill Dmitriev, the head of the Russian Direct Investment Fund (RDIF), believes a new OPEC+ deal to balance oil markets might be possible if other nations joined it and that countries should cooperate to mitigate the economic fallout from coronavirus.

“Joint actions by countries are needed to restore the(global) economy... They (joint actions) are also possible in OPEC+ (group of the Organization of Petroleum Exporting Countries and non-OPEC members) deal’s framework,” Dmitriev told Reuters in a phone interview...

https://uk.reuters.com/article/oil-opec-russia-rdif/russias-rdif-new-opec-deal-possible-to-address-demand-if-others-join-idUKR4N2B4012

LONDON/MOSCOW/NEW DELHI (Reuters) - Saudi Arabia is struggling to find customers for its extra oil as demand plummets due to the coronavirus and freight rates surge, industry sources said, undermining the kingdom’s bid to seize market share from rivals by expanding production...

https://uk.reuters.com/article/uk-saudi-oil/saudi-struggles-to-find-buyers-for-extra-crude-as-demand-dives-sources-idUKKBN21D2W1

LONDON (Reuters) - Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at lower prices not seen since the aftermath of the Asian financial crisis of the late 1990s...

https://uk.reuters.com/article/uk-global-oil-crude-prices/in-oil-markets-its-back-to-1998-crisis-pricing-idUKKBN21D2OO

RNS - Sir Michael Fallon has bought 9,000 shares.

You're quite right, Phil390, it was reversed immediately - I missed that.

There's been a trade of 5m at 0.35p these last few days, but the one I spotted wasn't it!

just gone through.

Small additional purchase by Bilgin Grup.

Small additional purchase by Grup.

The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude prices crashing to their lowest levels in almost two decades.

The U.S. wants Saudi Arabia to hold back on a plan to supply a record 12.3 million barrels a day next month, people familiar with the situation said. It’s asking for the Saudis’ help in bringing oil prices back to where they were before the market cratered in early March, one of the people said...

https://www.bloomberg.com/news/articles/2020-03-25/u-s-urges-saudis-to-rise-to-the-occassion-in-oil-price-war?cmpid=BBD032620_OEU&utm_medium=email&utm_source=newsletter&utm_term=200326&utm_campaign=openeurope

Ceased normal store operations, because of Covid-19.
Quite a sharp improvement in sales in the last month: -3.1% over 12 weeks v - 5.5% over 8 weeks.
In terms of cash position, reassuring message: interim dividend "not expected" to be paid this year.

https://uk.reuters.com/article/us-global-oil-distress/ten-signs-the-oil-industry-is-bent-out-of-shape-idUKKBN21D0GE

In these troubled times, maybe he's found something more important to do.