Member Info for oiluser

Sorry to hear that harry,

ITALY, think about it. 25/30 souls per hour. Mostly in Lombardy. Flu mortality rate is .2% on a bad flu year.

Lets see what happens marcel. I'm not so sure anymore that this wasn't intentional.

For instance, travel will be disrupted. There will be huge impact on airlines and barring a quick cure this will continue for years. Isolationism is coming back, China will become a pariah. The dependence of nations such as US for medicines developed manufactured externally is gonna change. US had already started down isolationist path, this is going to provide huge impetus. I would like to be wrong, but the dire situation developing in Europe and US is a threat to a way of life. This virus is going to become an excuse to reverse globalization entirely and the EU response has been nothing less than appalling

I hardly think the Russians give a chit

If anything is to blame it must be the US, they have distorted the energy scene with sanctions and environmentally disastrous oil and gas production for several years now. It was always going to pop at some point. Nows as good or bad a time as any depending from which window you look through.

I doubt it very much, but everyone to their own opinion.

Most shale has API of mid 40,s, it's not intermediate oil. Shale has to be comingled with heavy oils before it can become feedstock for the majority of refiners. Hence the need to export it.

To my mind the industry wont come back as it was probably ever. Air travel wont be the same again. Isolationism is coming back. Yes there will be a massive rebound but where oil fits in remains to be seen. The world as we knew it is gone , what's coming remains to be seen. PS. The big losers here are US and EU including UK.

Yes Confucius, whatever you say,

A brilliantly detailed analysis that's akin to something I would expect from a chatty parrot. I must put you on my follow list. :)

Does the yacht come with the girls that were a feature of the conversations here a month ago?

Everyone who counts is waiting for trump to lose election, which in my opinion is imminent. People don't wait to hear what he says, they wait till his carers provide the correct interpretation of what he said because he doesnt fully and in some cases partially understand the briefs he gets. Simple enough really. Trump can support shale all he wants, but in the end its market manipulation. The reality is that investors had run out of patience with shale at $55/60, they are not going to come running back with check books to an industry that is always running on empty.

Paying off voters is a 1 off stunt, which will wear off as soon as the body count goes through the roof in US, and new unemployment figures hit.

Russians must be shaking in their oily boots, US sanctions over past several years has prepared them to out last SA and Shale. US is conjuring up 2 trillion in debt to bail themselves out of this collapse, that's surely gonna end up having to be added to the 23trillion debt. All magic, quantitative easing / printing money generally weakens a currency but no. The dollar is stronger. If there were ever a clue as to the corrupt nature of the ponzi scheme that is US inc surely this is it. Or is it hot air.

Your witnessing a seismic shift in control. Let's see who the successful scavengers are.

Trumps a laughing stock. Big white ships with red crosses. Grow up, he,s not making any decisions. The administration shivers every time he stands a a podium, and spend days correcting his ramblings.

CV starting to take hold in the US and like everyone in Europe has done too little too late.

I wonder what SA or Russia will say, like maybe US should reduce production as it was all their increases that caused so much issues. Or indeed, let's let the market determine the price:)

What would the dilution be at 23p? Not enough 0,s on my calculator for that? I remember we discussed 100p and 115p here and had figures of between 300 and 350 million new shares. Then there the dollar strength now to boot.

That will work:). Russias superior submarine fleet will put pay to any attempt to block their shipping movements. Maybe the senator meant to say sanction or tariff. Just goes to show the idiots running US.

Now that is a real possibility, not ww3 but definitely taking out of the Saudi supply chain. Maybe UAE too.

Looks like market setting 15p price for dilution, which would be a staggering dilution based on 500million cash raise before costs. If the court rejects the acquisition pmo will fall further, if it wins and proceeds the upside potential of pmo will be reduced significantly by the amount of shares in issue.

Have been wondering about the potential for a asset swap, re Zama with provisos re the final demarcation assessment re boundaries and potentially any success of north slope as it's considered appraisal. BP have major interests in both areas. Time will tell but I feel certain that transactions are postponed for time being even if outcome of court case is green light. Hear what your saying loud and clear re BP. I was thinking £2 is a great entry point.

The more tests performed in South Korea resulted in significant increase in infected people and a significant drop in mortality to .2%. https://www.worldometers.info/coronavirus/