Member Info for oiluser

I think that very correct, balance quickly and shortage 3 to 6 months later

I think that very correct, balance quickly and shortage 3 to 6 months later

I agree shale isn't finished, bit the low production tier 2 or 3 acreages will struggle big time. The finance just wont be available as previously. That money will go elsewhere. Shale will likely become swing production as its perfectly suited too. Short cycle.

Shell dumped Marcellus, Gas acreage I believe.

PAD004 filtered

Yeah yeah tanya, just another 1.4billion to go.

Crap, the first lock down strategy has been a disaster and it wont be repeated.

Brilliant post, the notion that China was been paid to take US oil does bring a smile to my face although I know it's just not true. But if it was it would rank as a top carlsberg moment

I just took a few shares here, wishing everyone gains whatever their up to.

More interested in earnings, every 1$ is 30k more per day, for the unhedged oil. Almost 11 million a year. That's what matters most now, this eventually reflects in the SP

I dont think half a million shares is a lot considering theres 1.4billion shares in issue.

Can anyone advise what the impact of the OPEC + cuts will be, I calculate that they will remove

Phase 1. 582 mbo from market to end June
Phase 2. 1.4 billion bbls between July and Dec
Phase 3. 2.82 billion bbls between Jan 21 and April 22.

That without the figures for US and other peoducer cuts.

So OPEC have been approved by the US etc to curtail production to the tune of almost 5billion barrels of oil in a 2 year period. 50 days of precovid world demand or more than 2 times worlds storage capacity.

These are massive numbers, even without additional cuts as are happening daily from non opec

Enq blue, must have been 7 trades on it this morning.

It depends on timeframes I think, the markets are over weighted with FANG and equivalents, these or some of them will get bludgeoned in 2nd qtr updates. Money will move to what's been bludgeoned already. Energy is going to benefit, to an extent that depends on pace of recovery in oil demand. For sure aviation will struggle but all indicators are pointing to more car trips as people remain cautious about mixing.

What are you saying about the market, its 13% off all time high and was bloated then. Let's have some details with the assessment messi

Is up and down not going somewhere?

If trump was told it came out of the lamp with the genie he would believe it.

Didnt gasoline drawdown in the US last week

Well sonny, the only company I know that doesnt include its finance costs in BE calculation is Enq. PIK, ie capitalized interest payments magically disappear from BE simply coz the interest isn't being paid off. But you knew that I suppose. Why dont you write an email to relevant IR and specifically ask is the interest on bond debt included to the BE numbers your bladdering on about here.

For the uneducated gamblers, TLW with hedging, average guidance of 75kbod, and unhedged oil receipts at the unlikely low of $25/bbl tullow will earn approx $43.15/bbl over the year. These are simple calculations as we have been provided with opex cost, capex+decom and we know the cost of the money & the M&A.

BE has nothing to do with hedging, are you that bad at this ammu. BE is all in costs of production per unit. Including opex, capex, financing, admin etc all based on average production guidance.

TLW approximate earnings of 1.2billion 2020 with hedging, and unhedged oil at a average price of $25bbl assuming oil doesnt exceed $57 / bbl in 2020 and production averaging 75kbod.