Member Info for Pelle

I agree Cairn+Enq would be a strong couple.
Capital strong, tax credits, big production.

Some is so stupid

https://www.google.se/amp/s/amp.tmz.com/2020/12/19/man-dead-dies-united-flight-covid-coronavirus/

Romaron, i am with you.
Picture will look a lot different in 1-2 months. US will vaccinate 100m people in next 100 days. 1/3 of population.
Europe I assume around the same.
Add to that seasonally effect with decrease numbers in spring-summer.

Hello L7,
No, I just follow oil price now:-)
With OPEC+ in driver seat now, I think they can control what price they want over next couple of years. It will take long time for US come back to 13m production if they ever can.
And OPEC will not need to worry about a call from Trump if oil goes to 70-80.

About SVT, thinking about it and it’s difficult make any conclusions of it.
Maybe a share of that tanker was Magnus oil and payment was in November.
Maybe one of the reasons AB could promise the big FCF for last 2 months of the year.
Too much guessing:-)

Hello L7,
When was this 1,5m tanker at SVT?

Enq IR department already answered your question this morning

Hello Sven,
Can you follow up the dialog and ask what they will do with all the money after RCF is paid?

Haha Hitman, If we still at 12p and 60 oil I might go look for empty PET bottles.
Exchange rate is now 1-1. Lol

I was also looking new car early this year.
And thinking back and forward about selling 10% shares for a car.
I never bought, but that car would been better investment this year. Lol.

Let’s hope for new cars next year

Looks like we will start 2021 at 60 oil

Thinking about it, and the oil fields that’s up for sale in UK.
Some of these assets on debt free bases could be nice input for a new Enq.
Let’s say one of the Majors have 20-40k field without tax credits.
Enq could incorporate this in exchange of a % holding in Enq.
Something like that sounds good to me

I have not listen to this PMO but based on Hitman post.
Of course they will market their decision as the best way to go. And they were forced to go this way even, if I get it right.

Result of PMO and ENQ different way to go
remains to see depending on future oil prices.
With a high oil price ENQ will clear winner with 3b tax credits

Middle way could be for AB find a more equal partner 50/50.But with more cash on hand and bit less production

If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it's not.

Good morning Hitman

Cash in bank / Ring-fenced
Isn’t non-ring-fenced around 190m?
And could theoretically be used to RCF?
Of course need some cash in bank.
But around half that amount I would say can be safe to use specially if the hedge up so they sure fill it right back in next months.

Total cash and available facilities were c.$268 million, including ring-fenced accounts associated with Magnus, the Sculptor Capital facility and other joint venture accounts totalling c.$81 million.

Ammu, that didn’t take long for you to be back

Hello L3,
[42.5,60} 1K ESK for me if BRENT averages below $60, 15K SEK for you, if above?

You give me 15k SEK If Brent average above 60 next year?
And I give you 1k SEK for below average.
I take that bet!

The big difference 50 now and 45 in autumn.
I think they really get 50 now as they run out of the panic hedge.
Autumn I think they got maybe 35

They really do their best to tell people oil will not be needed:-) with such headline

IEA: Demand for oil is expected to be even lower in 2021

The expected increase in oil demand after the corona pandemic will take longer than expected so far, according to a monthly report from the International Energy Agency (IEA).
Robert Triches • News Agency Direct

Published: December 15, 2020, 1:52 PM
Global consumption is estimated at 96.9 million barrels per day next year, which is more than the forecast for 2020 of 91.2 million barrels, but around 200,000 barrels per day less than the IEA's November forecast for 2021.

https://www.di.se/live/iea-efterfragan-pa-olja-vantas-bli-annu-lagre-2021/

Hello Jan
Agree, Late next year can be it if oil normalise bit more.
Then both RCF and OZ is out.
We lost more the one year on the timeline due to poor non hedging and corona but we will get there.

60p party spring 2022

They all been the same, Neil,Itsa, etc.
Its a good buy signal when they around

Ouch, and now AstraZeneca teamed up with the Russians.

Can’t wait for put this behind us in spring/summer.
Will be like whole world get a jail free card