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Ann: Rising oil prices - Hedging Update, page-41

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Quest09

1,011 Posts.

137

02/10/23

12:16

Post #: 70128515
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Originally posted by Quest09: ↑

Ongoing tightness in oil supply, while US stockpiles plunge to critical levels. The US will have to start buying up soon, hence further increasing demand, resulting in even higher oil prices.

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Originally posted by Quest09: ↑

Oil & Gas prices continue to show strength in overnight markets.

CE1 margins must be looking increasingly good.

Also, we should be seeing some more news updates from Pisces 10 drilling campaign soon. As per below timeframes, its been about 20 days since Pisces 10 spud date, and Well Tie In would be just about due. Spud date for Pisces 11 & 12 already passed. Drilling completion news for 11 & 12 should be just around the corner too.

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Looks like a good time to enter IMO.

W

CE1 Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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