Member Info for Pelle

Romaron, i read the article now.
Strange comment about free time.
I imagined he worked harder then ever in such a crisis now.
Guess I was wrong

But why did he not put more hedge If he saw it coming already early in the year?

Can someone put copy in full text here?

Good luck next week

https://www.thesun.co.uk/news/11529766/britain-us-trade-talks-next-week/

Hello E
I think this can work out nice in H2 and next year if not global economy dont colaps even more then projected.
Even US will need more then 60 Brent to re-capitilize their oil companies after this.
They already had big problems before corona at those levels.
It will be opec sitting on power to control the prices, and what price will they want next year? 80?
Think even Trump will not complain too much about 80 oil next year if he now is re-elected and just started his second period.

I am more and more optimistic about next year

Hello E,
Trump likes to mention Sweden as bad example in all kind of things.
Because democrats like mention Sweden as good example

Yes, Looks like they increased 1%

Lol Therapist
Yeah, I heard about it.
Didnt smell it, its 20 km away luckily
The world have a lot to learn:-)
Maybe can get passenger rates down in subways also

And I thought world follow Sweden
Think I saw 2 people with mask during entire time

Is that you Neil?

Trump can send the dividend directly to shareholders to save some admin cost at least

E, didn’t you explain before that many US company had some 3 way hedge and if prices fall through second floor they were not so protected?
Maybe I got it wrong

Evening E,
Art Berman estimated 1,5-2 mill production reduction in US in May.
If we see numbers like that, you think it’s enough lift oil prices 10 usd in May?
Or you still expect hoover around these levels?

On Swedish news they interviewed pawn shop owner ( no not Chumlee).
They said a lot oil production closed down but he didn’t understand why oil prices so low

Chilting, I think completely different and say oil shares will be first to recover.
In some months supply demand will look bit better and it won’t need much to lift oil prices from these levels.

Hello Runner,
I already put my email here few days ago.
Email me and put some code in email and here also and I know it’s you:-)

Art says us production will fall of a cliff in May, normal / shut in Trajectory.
Either way, it will fall of a cliff. If storage runs out in few weeks they need act with shut in production now

On demand I believe more in this Rystad picture, it will improve from now on otherwise Romarons ox-cart vision will become reality.

Last week I also listen to a telefon conference with SEB bank, they said GDP will fall 3% this year and next year +6%
That will need alot oil next year.

https://www.artberman.com/2020/04/27/game-over-for-oil-the-economy-is-next/

https://twitter.com/RystadEnergy/status/1253578768687468544/photo/1

https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD

per_L57@msn.com

Thanks

Hello E,
Do you mind email me?
It would be easier ask some questions

L7, think you can be right also:-)

Hello E,
Think your right, otherwise misleading with the date 8 th April.
So in practice like a day today they get 22 usd?