Member Info for oiluser

Lets see what oil does:)

One gets the impression that with the waft of regurgitated articles that are being paid for by arcm that they must be very concerned about the SP.

Block what? The road?

I hope they are looking at different lending options

Its not pmos responsibility to disclose it. Its the guy taking the position and regulators to enforce it.

There is no word of interest in FD. So going it alone is an option even after refi, tolmount FG? Just wondering if thats an option.

I think they announced the SL strategy in july. Separate entity. 400mil vendor loans. 800mil export finance and balance from balance sheet capex. The farm down will be very unattractive as pmo will want to pass on the rkh carries prorata. That deal was done when oil was +100. Personally i think that pmo should delay any decision until post refinance and cleaner BS. Or that they tell RKH that the deal is no longer viable. Not sure why we havent eaten rkh but i guess we cant. Then farmdown would be much more attractive to others

Cant think any reputable banks turning down 5% now. What puzzles is why not unwind unless they have insider info on export financing conditions

I stand corrected.

Get on short tracker and check it out. It was 15 or 16

These guys got out pretty quick last year from 15% to 3 or so. They will do it again this year if oil rises to 70. Were dependent on debt reduction and company mo indicates the same.

TD answered already. Sale of Zama and Farm down of SL. Too many on here need soothers.

I thought debt was 2billion. Where is 2.55 coming from.

They have been doing this for almost 3 years. Their position dropped to under 4% last year. They reduced as oil climbed and started adding again as they watched oil fall. They have failed to notify but seems to me the main street know all about the hedge. Which is how its been termed by all parties. They had a huge position when debt was 2.8billion, seems to me that with debt dropping that pmo is less at risk. But not without risk all the same.

Thanks redwine. I think the reason people are miffed is that it wasnt disclosed as it would normally be. Can you explain why all of a sudden it was disclosed. Were they hoping for some downward impact with it coinciding with the ST article which was regurgitated bloomberg article from september

I thought that too but they started the position long before the refi was agreed.

Why is it such a big issue. Their into pmo since feb 2017.

The article in question is from september. Its not new news.

PMO have to get approval for projects from lenders as per agreement in 2017. This is about SL sanction and development.

I think its all notified as this relates to cfd,s that ms and gs have been issuing for months or longer. I think article is timed to scare pi,s and has nothing to do with any problem with pmo. Likely pmo will reduce debt considerably after zama sale. Or lenders worried about additional risk with SL. Im worried about SL and have been for years. It was bought too high. All exposure is to pmo side