Ann: Operations Update, page-8

Seems like the shorters are back while oil and gas prices are down. All indications are that oil and gas prices are about to reverse in a big way! Northern hemisphere winter is starting to get extremely cold, Ukraine power capacity is now less than 50% after recent Russian infrastructure strikes. This has a huge flow on effect to the rest of the EU. Then there is the Russian seaborne oil sanctions happening December 5, plus oil price cap imminent. As we have seen in recent history all sanctions or attempts at sanctions/talk or attempts at price caps, have only resulted in higher O&G prices, and from these lows it’s inevitable to launch much higher IMO. Shorters will be exposed in the next week or 2.