Member Info for Pelle

Londoner, a lot of questions:-)
We will see in 1 month or so if strategy was correct.
I heard one expert say about 1 million (10%) already have or had corona already here.
And expect half population get it next months.

Even if shops,restaurants,bars open with table service its so few people from economic sense maybe better close.
But total isolation is also not good for people.
Restaurants in Europe switched to Take away, company I work for supply this so its booming and we try supply as much as possible.
There are some flight I guess but most is closed.
One politic man got fired, because he went to Thailand vacation two weeks ago in middle of crises. haha.
Think most cinema closed, even if few open I imagine its only handfull people.
I heard 1/3 of the old people facilities had corona cases. And its those that should have been isolated directly and just now its not allowed visit them I think.

You know we in Sweden are good at social distance , specially in winter and now we just extended few more months.

It bit strange feeling, you read all these news but if I go outside its almost like normal in parks and streets with cars.
Just much less people in the very center of city.

Haha Hitman, not so much with a million shares last months.
If I made the switch back 1 hour earlier would have been able got 80k extra shares.
Lets get back to these SP targets, was it 40p if I remember correct

Boom, added back all shares +25k shares and got 5000 SEK left for the 60p party.
Lucky I was in front of computer

Then is must be AB and hedge guy who likes roller coasters.
Anyway, Trying to increase 300k shares now after 30% ride in Lundin

RNS, did JS need to pay anything for those shares now?

Not the last two months, but I cant sell at 20 year low now.
Still belive we will see 100+ oil in 2-3 years

E- another wait and hope period. Bit tired both times Enq started to look good they miss hedging:-(
Anyway, Now I finally have a portfolio still almost 100% oil but included Lundin and Tethys now also:-)
Trying trade some different companies also
So far after 1 month I can buy back 10% more Enq if I would like

GKB, I start belive so also

Good idea, can I keep them in forest?

GKB, think you need start super computer figure out how all this ends.
US accuse China-Iran cover up corona. They seen number death urns in Wohan
US hangar ship have corona
Oil rigs have corona
Western hospitals already at breaking point
SA pumping as much as possible to bankrupt US oil
Probably forgotten many things

Not sure america first, was a good strategy.

Demand is down 20%, it could be that 20% production is wiped out in 1-2 months due to corona and shut in.

Did they forget take the 8,5m coffee money?

https://breakingthenews.net/Article/Trump-to-meet-oil-execs-on-April-3-report/51730532

RUSSIA
Russian President Vladimir Putin works from home after meeting with Corona-infected hospital manager (Finwire)
2020-04-01 14:04
Last week, Russian President Vladimir Putin met with the head of the country's hospital, where coronary care is mainly concentrated. This manager named Denis Prosenko later tested positive for corona. Putin has subsequently decided to work remotely from home. That's what Yahoo writes.

Denis Prosenko stated yesterday that he is infected but that he is well.

Dmitry Peskov, spokesman for the Kremlin, says that everyone in the president's company at the hospital is now tested daily for coronavirus, adding that everything is fine with Putin.

Lars Johansson
lars.johansson@finwire.se Finwire
News Agency

Maybe Saudi told trump to cut production first. Talk to the Russians also and Opec will follow shortly with cuts.
Everyone happy again.
It will take too long time for market rebalancing itself without help from Opec+.
I think it will happen

Modestus, just joking.
See now GKB posted the script of the call.
Lol :-)

Modestus, can you please send skype link?

Check now Squif

Squif,
Do you have email?

Squif,
March, you said oil average 35 and I used the 65 hedge at 50% volume then I got realised oil price 50.
And FCF 3 mill at my excel in March it’s basically +-0.

I am surprised few here even comment the lack of future hedge.
With a normal hedge position 50% 6 months we could have continued with very good FCF as opex/capex will come down in the next months.
SP would also not fall as much as now done.

My guess is AB felt safe before oil crashed just like he did autumn 2018.
There been several possibilities hedge at 65 but they didn’t do it.
65 would have made this excellent investment.
If oil would have gone to 80-90 we could have looked forward to even better future hedges.
I would not be angry that they did things better safe then sorry.

https://twitter.com/JLCauvin/status/1242515702688485376