Member Info for ValueS

Https://www.axios.com/2026/04/17/iran-us-deal-20-billion-frozen-funds-uranium

It is open for as long as the ceasefire holds in Lebanon, which expires 26/04/2026! US blockade remains according to a tweet from POTUS

https://www.telegraph.co.uk/world-news/2026/04/17/iran-war-latest-news-trump-israel-lebanon-ceasefire/

"Let’s just hope that the drilling will start in the North Sea asap"

Why? If the BOD planning to increase capex, given the unexpected extra FCF, I'd rather see it spent in a jurisdiction where the tax rate is only 23% and the extraction cost is only $12/bbl rather than the NS where the tax rate is 78% and extraction cost c. $30/bbl. The difference is HUGE, especially when the spot price is $140+.

Best Regards ValueS

@Auson, time will tell. POTUS himself admitted few days ago that POO may remain high for the rest of this year. Many analysts agree. I think Iran will insist on controlling the SOH as a way of getting compensation and hostilities may resume! Let's hope not, and sanity prevails though I can't see how with a war criminal seems to be in charge. Furthermore, Japan will lose its short IMO and that will be another financial catastrophy for them even though they do have a large SPR to cushin the blow.

Best Regards ValueS

The deadlines are getting close.

https://oilprice.com/Energy/Crude-Oil/Paper-Oil-Blinks-While-Physical-Supply-Tightens.html

Tic Toc....

It is worth noting that Japan tapped into its $1.4 T currency reserves to put huge shorts on futures contracts as reported c. 3 weeks ago, what a gamble!:

https://www.reuters.com/world/asia-pacific/japan-shifts-focus-oil-unorthodox-scramble-talk-up-yen-2026-03-26/

Best Regards ValueS

"why the paper Brent oil price is just over 100 bucks but Brent oil is actually selling around 140?"

The "paper oil" can be 50 times or more larger than the actual "physical oil"! So, lots of gamblers and speculators money is at stake. The 'casinos' need to make sure they don't go bust!

Unimpeded by placings, may I add. ☝️

Does not look like the ceasefire going to hold.

Not only thr vital Saudi pipeline droned, but also Lebanon is hravily bombed:

https://youtu.be/fFMwcanjO9s?si=CRlKlB1FAQIpRdse

Best Regards ValueS

I disagree

In 2009, world oil consumption was ~ 90 mbopd. Currently it is ~ 105 mbopd and the trend is a contineous rise of c. 1 mbopd per year. All the while, investment in oil infrastructure in traditional oil feilds was very low because of the unrestrained competition from shale oil, despite the large difference in extraction cost. Shale production is currently at saturation level and the outlook is down. Alternatives to fossil fuels proved to be inefficient.

Best Regards ValueS

Definitely a day to hold on to every share and add if possible. If POO at least maintains its level, with x-div fast approaching, there should be nice rises next week. May be a gap up.

Best Regards ValueS

I did not think that was LLOG, now I know. Thanks

*No RNS ....

There is RNS saying they crossed the 10% threshhold.

"Who could even do a block sale?"

LLOG. They still hold more than 10% of HBR, no RN

@Stupmy

No, it is the other way round. @grinleyboy, is the one looking at the Brent Spot Price, which the immediate contract and the oil is delivered ASAP. Usually, the further you go into the future the lower the price. Needless to say, futures contracts although binding, they are pure speculation.

Best Regards ValueS

@grinleyboy

You are correct, it is Brent Spot Price, which could also be obtained from here:

https://www.google.com/finance/quote/BZW00:NYMEX

However, it is usually the 3 month future's contract considered by the wider market.

@Tokugawa, remember the famous adage:

"One picture is worth a thousand words"

If you want to believe the tweets of a lying orange buffoon who got himself wrapped around the little finger of a war criminal, that is your problem. I'd rather watch videos of interviews with heavy weights to learn about what is going on. Here is another interview with another heavyweight:

https://youtu.be/CxwzzS5K2o0?si=trkc-8uFWl1nLamn

Good luck to you whatever the case.

@Tokugawa, I suggest you watch this video:

https://www.youtube.com/live/k4ubfo93V24?si=fupboye5N-aOpkCb

Trump's tweet is just another TACO!

"Iran lives from selling oil as well"

Yes, but not as heavily dependant on it as GCC countries, and is still selling freshly produced oil while others are not. Not only that, but Iranian ( as well as Russian) oil became 'temporarily' un-sanctioned by the USA! Which allows her to sell c. 140m (130m) barrells of oil floating on tankers. The USA had to do that in order to reduce the impact of the shock as much as possible, all that 270m barrells of oil will vanish soon, if it hasn't already!