Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
They are going bananas ”over there” haha
” BREAKING: According to GasBuddy data, Monday US gasoline demand rose 19.9% from the prior Monday to a level that rivals Friday- the busiest day of the week at pumps. Monday's demand was 18.5% higher than the average of the prior four Mondays.”
Great analyst saying we will see the biggest shift upwards in history now Q2/Q3....
"https://www.bloomberg.com/news/videos/2021-05-10/goldman-s-currie-likely-to-see-record-largest-oil-demand-shift-video?utm_source=flipboard&utm_medium=bd&cmpId=flipboard"
Big rise in US incomming!
”BREAKING: SATURDAY SEES SURGE... according to GasBuddy data, Saturday US gasoline demand rose 9.1% from the prior Saturday, *setting a new pandemic high for a Saturday*. With that, weekly gasoline demand jumped 3.0% to the second highest week since the pandemic began.”
Yes maybe India is one or Max two months behind US/UK. But the recovery IS comming!! If one whant’s till gamble and w8 one more month to buy in it could be right but I think the rise will be swift and quite unexpected. Therefore I am in big time right now in various oil companys, ENQ by far largest position.
For thoose of you who feel the pain now I know the feeling but just W8 for Q3. It will be a firework recovery!!! :)
Chilts man?!? Is that really fair to say??
” Enquest needs Brent at $70 + for a sustainable period for AB to do his deals with the Banks.”
I mean on what numbers are you making the calcs?? Do you really need FCF at +50% of net debt to make a deal??
I had respect for you in the past as a balanced man but you are off my trust-buddy-list. Sorry! Get out of my face! You are really pulling this swedish-viking-leg of mine and I do not like it!!!
Then we should have the same reaction around $35 now. But instead it’s $75 or even higher? LOL
There will come a correction here! I will sit on my shares untill my dying day if we don’t see 60p at least!! :)
A deal is extremely far off imo! Both Rep n Dem Wanna se a better deal than Obama made (inc Israel n SA etc). Iran want a better deal as well so we have them sooo far apart here!! I highly doubt this deal i comming in 2021! But we will see. As many here have pointed out, they are allready pumping n exporting alot atm...
I agree 100% to that logic Pelle. I’ve added more shares today! ENQ is now my largest holding once again! Gonna hold absolutely still now for at least 6 months to se how this recovery unfolds. I have a good feeling. Also ENQ does not need more than $60 Brent to deliver great value for us now!!
Good luck boys!
They are Driving like crazy ”over there” ;)
” BREAKING: According to GasBuddy data, Monday US gasoline demand was up 4.8% from the prior Monday and 10.0% higher than the average of the prior four Mondays. Week to date, gasoline demand is up 1.9% from last week (Sun-Mon)”
Jan I think you have been listening to Art B, he is way wrong here! With fracspreads at 200 and rigs climbing upwards why should production fall of a cliff??
But I do think US will start to flatline soon, around 1,7-1,9 below it’s peak. At the same time demand is back to precovid levels so they are carrying their part when it comes to draw down stocks LOL
GL out there!
API/EIA
Verry hard to draw big conclusions there right now. You really must look closely on imports/exports theese weeks becouse US is importing ALOT now! I think gasoline imports alone were up by more than 0,5Mbpd vs 5Y avg last week. Hard to draw down and at the same time drain the world of inventories LOL
GL out there! As for me I have bought plenty over the last 3 days! Think this is so cheap now given resources, OP and FCF! If we come out of 2021 with net debt below $1b (Inc GE) at this MC i’m all in here ??????????
Interesting assumptions! But one extremely important thing they miss when looking at new oil production per rig is the DUC count! If you constantly dwindling down your number of Drilled but Uncompleted rig Count then you don´t need many rigs to support high new production. All you need is a few FRAC-teams opening them up. But I think they will run out of good DUCs by the end of 2021 and then things will get interesting for real =)
I wish you all best luck! As for me, I doubled my holdings in ENQ yesterday and feeling great about it! =)
Now US really hits the road ;)
”BREAKING: Weekly US gasoline demand reaches pre-COVID level (seasonally). According GasBuddy data, US gasoline demand Saturday rose 9.5% vs the prior Sat, closing the week with a 5.9% rise, & officially the first week of demand that exceeds the pre-COVID week of 3/8/20 by 0.18%.”
Ye the Numbers from EIA will be confusing theese weeks. We have to look att oil + products + imports + exports to get a good picture.
What we do know is that gasoline demand is very close to pre-covid now. And since gasoline demand in US equals totalt demand for World Wide filghts its a big deal! I think we will Continue to see big draws in products short term. Then we will se the drawdown in oil as the refiners will try to make up for this during the spring!
Good times ahead for oilers in general and aspecially ENQ :)