Member Info for YOY25

Fracking can be banned not only on federal land but indirectly through anti waste regulations.
Flaring of over 5% gas may be banned. Oversupply is considered wasteful as well.

https://rrc.texas.gov/about-us/commissioners/sitton/news/041320a-commissioner-ryan-sitton-statement-in-advance-of-hearing/

OK, maybe not tonight....
Give it a few days.
I can wait a few days.

Nothing wrong with an evening of delusion.
Yes, it could be the distancing. I was OK with it for a while but now more than ready for any good news.

I am expecting $45 oil tonight then!
ENQ 23p on Tuesday
PMO 60p

US will cut on their behalf.
It is getting a little murky now, no legally bounding output cuts from the US or Canada.
https://twitter.com/Amena__Bakr

Mexico and US can lift it... its up to them now
Assuming Canada joins cuts.

I like PDL, mulled over it a few days ago at 1.2p. Being a coward, didn't invest. It went up 114% the very next day... ******

Jan, I don't get companies with just a few millions in assets, income or market cap when CEO and BOD pay themselves in millions. All profits go straight to their pockets.
(less than 2years investing so WDIK)

Yep, back to September 19 levels, Half a year growth undone.

12400, down from 13000 tbpd
Good start
https://www.eia.gov/dnav/pet/pet_sum_sndw_a_epc0_fpf_mbblpd_w.htm

It may happen.
ryansitton
Just had a great conversation with Alberta energy minister @SonyaSavage about how an international deal could get done to bring #oil markets closer into balance. Alberta, like #Texas and other states, has authority to limit production to match supply w/ demand.
https://twitter.com/RyanSitton

Here is WSJ article.
All according to people familiar with the matter.
Chevron and Exxon Mobil Corp., are adamantly opposed to oil-market interventions but some policy analysts have suggested shutting down production on federal lands or mandatory curtailment of oil production in Texas.
BP and Shell are down today.

https://www.wsj.com/articles/trump-administration-discussed-shutting-oil-production-in-gulf-of-mexico-11585923887

Nation Oslo due at Kraken 05/04

A deal would be useful for the future thou, when poo will go up and shale will restart.

Ryan Sitton
Several have asked where
@txrrc
is on holding proration hearing. We're working towards an open mtg on 4/14/2020 where we'd hear from experts about the implications of instituting production restraints. Need global cooperation to make limits meaningful. #COVID19 #energy

https://twitter.com/RyanSitton

Coronavirus Business Interruption Loan Scheme (CBILS) is for companies with a turnover of less than 45 million, Covid Corporate Financing Facility (CCFF) is for large and mid companies.

Tom, they also wrote that

'The government on Thursday sought to ensure the scheme was available for midsized companies by allowing lending banks to also judge a company’s credit worthiness'

'This is judged by the Bank of England on criteria set by the Treasury. The decision will come down to whether companies were in sound financial health at the start of March'

so not just rating agency grade

All that CV relief money floating around, some should be going ENQs way.

Well thats not good!

Looks like ENQ will not be forced to sell oil at really low prices if they have SV to store it and have enough cash to survive till Q4 and the next year.
Just trying to convince myself there is no chance of insolvency...

For companies that were in sound financial health at the start of March. ENQ was so might be eligible. Could be useful if poo stays low for a while.

https://www.ft.com/content/ab76001f-df0d-4f87-8ac5-07ec9f263946