Member Info for YOY25

Texas is thinking...
https://www.wsj.com/articles/texas-weighs-curtailing-oil-production-for-first-time-in-decades-11584646724?redirect=amp#click=https://t.co/hCuQ3tWx8n

US, OPEC and Russia, all will agree to cut oil production by 10% each for the rest of the year. Simple.

£330bn of guaranteed loans:
'Any business that needs it will be able to access a loan on attractive terms.
To support liquidity amongst larger firms, he has agreed a facility with the the Bank of England'
Well, looks that ENQ is in no danger of going under. Probably could get a loan on better terms that existing ones.

Lol, no, I am not pushing that. Neil definitely should let it go.

Bloomberg sees it as a start of a price war. Bumpy ride ahead... Hold on to your £s.

https://www.bloomberg.com/news/articles/2020-03-07/saudi-aramco-slashes-crude-prices-kicking-off-price-war

Epiphany, thanks, yes that is what I am trying to work out. It looks like an oversell to me as well. Panic will be over soon. Market behaviour, I noticed it acts forward, pricing in, on rumours etc. but I just can't see the logic so still a bit bemused. Probably won't hurt much waiting another week.

Romaron, thanks, that is my long term plan, return of 6-10% but I sell on a hint of trouble. Gave up on trying to make >50% return and waiting for that to happen for years. Can't resist making the most of the crisis thou. ENQ should be good for short term with trading, I hope. Lloyds is my parallel choice. Thinking about Ryanair/easyjet, they should recover later in the year, maybe...

Spindok, I don't see any logic in markets. When China announced cash injection/easing into their market, it went up to Dec level, nearly negating CV caused drop. When US announced rate cut + cash interventions, markets dropped like a stone. Where is that pin, I will need it.

Roman, I read comments, not only on LSE. So many are bragging about huge gains, investing right at the bottom, I rarely see that or have a courage to take the risk. Thought I will find good advice here, number crunchers helped enormously with making decisions but clicking buy/sell at the right time still a daunting task.

Not sure the peak is today. WHO pandemic declaration and BoE rate cut can send markets and oil further down. Picking the right time to invest now is a headache...

OU had drilling planned at Kraken/WF in Q2 but later info was: the contract, expected to start in February 2020, is a two-well, 90-day term, $185000/day.
offshoreenergytoday.com/exxonmobil-enquest-hire-stena-drillship-and-semi-sub/

Thats great! So drilling at Western Flank will start soon, maybe even ahead of plan.

NMC Healthcare ratings under review for downgrade.
Now waiting for Barclays downgrade...

Here is a link to official statistics. Graphs are quite useful, we are still in exponential phase in both cases and casualties of CV. No sign of a lag yet.

https://www.worldometers.info/coronavirus/

The site gets updated around 11-12midnight.
Real numbers may be 10x higher thou.

GLA

Petroatlantic is booked for Kraken then STS in SFW. Already in Lerwick so not far to go.
https://www.orkneyharbours.com/port-authority/info/shipping

I am waiting till China starts recovering from the virus problem. Hope that will happen within the next 2 weeks, before the next RNS.

Stena Natalita this time. No ETA yet.

What a day! Best to see it as buying back opportunity for profit takers. Santa well and truly departed...

GLA

Thanks Spin, in daze I have to stay to stop me from taking a profit. I was hoping for 10% rise to beat savings rates but everyone is so positive I have to stay on this rollercoaster for long(er) term.

No, not horses, enquestrology! This site keeps autocorrecting.

Just a diligent (mature) student of Equestrology, learned loads from this site, thanks to All.