OmniChart

GKP ValueSeeker8 19 Feb 2020

Supply Risks From Rosneft to Libya Push Crude Back Toward $60 (Bloomberg) – Oil jumped back above $58 a barrel and was set for the longest run of gains in more than a year as U.S. sanctions on Russia’s largest producer and conflict in Libya shifted the focus to supply threats from virus-driven demand concerns. The U.S. sanctioned a unit of Russia’s Rosneft PJSC for maintaining ties with Venezuela’s president and its state-run oil company, threatening to crimp the nation’s ability to export crude. In Libya, fighters loyal to eastern military commander Khalifa Haftar shelled Tripoli’s port, forcing a halt to shipping and leading to the suspension of cease-fire talks. Oil is extending its longest rally since January 2019 after surging last week on optimism that the worst economic impacts of the deadly coronavirus had been accounted for. Any disruptions to global supply could go some way to offsetting the demand destruction from the outbreak, just as China and other nations in Asia roll out stimulus packages to cushion the blow. Rosneft’s sanctioned unit has been “Venezuela’s primary conduit for brokering cargoes, which find their way predominantly to refineries in India and China,” Stephen Innes, Asia Pacific market strategist at AxiCorp, said in a note. “Throttling this Asian supply channel will provide some support for oil prices.” Brent for April settlement climbed 62 cents, or 1.1%, to $58.37 on the ICE (NYSE:ICE) Futures Europe exchange as of 17 p.m. in Singapore after gaining more than 8% in the past six sessions. West Texas Intermediate for March delivery added 57 cents, or 1.1%, to $52.62. See also: Glencore (LON:GLEN) Enjoyed a ‘Stand Out’ Year in Oil Trading in 2019 Rosneft Trading, the main exporter of Venezuelan crude, was targeted by the U.S. for helping to sell the commodity that bankrolls the regime of President Nicolas Maduro. The sanctions come at a time when markets are waiting for a response from Russia on OPEC+’s proposal to deepen output cuts due to the coronavirus. The sanctions are the toughest in the U.S. Treasury’s arsenal and render Rosneft Trading effectively untouchable to international companies, including shipowners, insurers and banks. Global tanker rates surged after a unit of China’s biggest shipping company were targeted by sanctions in September for violating restrictions on handling and transacting Iranian petroleum. The sanctions against COSCO’s Dalian unit were removed last month. Meanwhile, the latest attack in Libya forced authorities to evacuate tankers carrying gasoline and liquefied petroleum gas before they had unloaded, according to an official from state-run National Oil Corp. The nation’s crude output has dropped to around 123,000 barrels a day from 1.2 million barrels before a blockade of the country’s ports by Haftar’s supporters started in mid-January. “Sanctions will only provide temporary respite, it won’t structurally change the oversupply in the market,” Jeffrey Halley, senior market analyst at OANDA, said by phone from Jakarta. “We have seen the best of the corrective rally. At the end of the day, there is still far too much oil in the world.” Sanctions on Rosneft Unit Threaten Venezuela’s Vital Oil Trade (Bloomberg) – U.S. sanctions on Rosneft Trading SA threaten to hit Venezuela’s ability to export oil, choking off the main source of cash for Nicolas Maduro’s regime and potentially threatening supplies to Asia, it’s dominant market. Rosneft Trading, the main exporter of Venezuelan crude, was targeted by the U.S. for helping to sell the commodity that bankrolls Maduro. The Swiss-incorporated unit of Russia’s top oil producer accounted for about half of the Latin American country’s 874,649 barrels a day of exports in January, according to shipping reports and ship-tracking data compiled by Bloomberg. The bulk of deliveries last year went to buyers in India and China. “With sanctions, refiners will be more reluctant to buy Venezuelan oil and shipowners might not be willing to do business with Rosneft Trading,” said Fernando Ferreira, a director of geopolitical risk at Rapidan Energy. Venezuelan oil production may fall to around 600,000 barrels a day by the end of the year, from 850,000 in January, he said. The sanctions imposed on Rosneft Trading – the toughest in the U.S. Treasury’s arsenal – make it effectively untouchable to international companies, including shipowners, insurers and banks. In September, global tanker rates surged after a unit of China’s biggest shipping company were targeted by sanctions for violating restrictions on handling and transacting Iranian petroleum. The sanctions against COSCO’s Dalian unit were removed last month. “Good luck getting shipping insurance, good luck getting financing,” said Brian O’Toole, a senior fellow at the Atlantic Council and who previously worked in the Treasury Department’s sanctions unit. “For Rosneft as a whole there shouldn’t be too much interruption. Rosneft Trading SA I think is largely kaput.” India, the biggest destination for Venezuela’s oil exports, took about 39% of all shipments last year, according to data compiled by Bloomberg. Reliance Industries Ltd. and Nayara Energy Ltd., the main Indian buyers, weren’t immediately able to comment on Wednesday. Meanwhile, sanctions on Rosneft Trading will directly hit its business of bringing Venezuelan crude to China, the world’s biggest overall importer, where it’s mainly used by private refiners to produce bitumen, according to four traders in Asia with knowledge of the trade. While other key Russian crude grades such as ESPO Blend and Urals are sold by different Rosneft units, and therefore not blocked by sanctions, it’s possible banks and insurers will become more cautious supporting such deals as they determine affiliations between Rosneft entities, they said. The potential loss of Venezuelan shipments because of the sanctions helped push oil prices higher on Wednesday. Brent crude, the international benchmark, rose as much as 1.3% to $58.41 a barrel, set for the longest run of gains in more than a year. “This is a measure against the Venezuelan people and PDVSA workers, and against our ability to produce and sell more oil to have bigger earnings,” Jorge Arreaza, Venezuela’s Foreign Minister, said in a Caracas government rally on Tuesday. Rosneft and Petroleos de Venezuela SA are long-time partners. In 2010, the parent Rosneft PJSC, controlled by the Russian government, bought PDVSA’s stake in a group of German refineries. The company is also a partner in oil ventures in Venezuela and loaned $6.5 billion to PDVSA in exchange for payment in oil. “Every layer of cost, of difficulty that this adds, means less cash flow for PDVSA,” said Francisco Monaldi, a lecturer in energy economics at Rice University’s Baker Institute for Public Policy, and an expert on Venezuela’s oil industry. He estimated Rosneft Trading is making more than $1 billion a year on the Venezuela oil trade, because PDVSA has to sell its oil at a steep discount. “By sanctioning a Russian company, I think the clear message is for the Russians to sit at the negotiating table,” he said. “I wonder if this is an incentive enough for the Russians to have a more constructive role for some kind of negotiated transition. It might not be relevant enough.” Best Regards @ValueSeeker8

BRBY stutes 19 Feb 2020

Hong Kong Hong Kong is in technical recession - the coronavirus and the protests have not helped B in Hong Kong. Hoping the fallout from Apple will mean the City have already priced in the hit to B’s trading figures.

SXX icebilly 19 Feb 2020

Sirius Very correct. I already aware. and for anyone willing to risk a NO vote.

GKP MikeyAdmin 19 Feb 2020

Opening Prices FTSE100 . . . 7,382.01 . (-51.24) . (-0.69%) Brent Crude . . . $57.29 . (-0.86) . (-1.49%) GKP . . . 75,821 @ 180p . . . . . . . . . . . . . . . . . . . . . . . FTSE100 . . . 7,425.05 . (+43.04) . (+0.58%) Brent Crude . . . $58.03 . (+0.52) . (+0.90%) . . . (15mins delayed) OP . . . 91 @ 180.4p 2,000 @ 177p, 10,000 @ 176p, 15,000 @ 175 & 171p, 20,000 @ 174 & 170p = 82,000 20,000 @ 183, 186, & 191p, 15,000 @ 183, 186p, 20,000 @ 186 & 191p, 25,000 @ 192p, 40,000 @ 200 & 204p, 12,000 @ 249p = 247,000 Book at c. 8.03am 193,410-----275,471 36----43 Down to Level today ???

SRES Ripley94 18 Feb 2020

MULTI BAGGER SRES… XXXXX Four days from 0.11 placing and now pleased the 0.15 limit sale of 15 days ago did not lift . Up 83% at 4pm ( messing with Amelia Lincoln ) What profit for the placing group and what a buy it would of been for those buying the drop towards that placing price.

SXX Will 18 Feb 2020

Sirius The share price is now below Anglo American’s bid price of 5.5p. This looks like an opportunity for bondholders to buy below the bid price, vote yes and even make a small profit on the share price.

FRR the_old_trout 18 Feb 2020

Frontera Public Statement Meanwhile back in Kakheti it seems that FRR have been trying to do another lifting of oil from storage but are being blocked by their redundant workers:[link]

EUA Totally_Wired 18 Feb 2020

Info Palladium, the ‘Tesla Stock of Commodities,’ Smashes Record Again Luzi Ann Javier and Joe Richter BloombergFebruary 18, 2020 Futures contracts for the precious metal surged as much as 8.1% to a record as Wall Street fled stocks. Investors are searching for safe havens after Apple Inc. warned that the virus and efforts to contain it would have its sales missing forecasts. “Palladium has been unbelievable – it’s like the Tesla stock of commodities,” Edward Meir, an analyst at ED&F Man Capital Markets, said by phone. “Prices are caught up in the rally in precious metals. Whenever these metals rally palladium tends to move as well, but by a greater magnitude.” The rally in metals gathered pace around 10 a.m. as gold advanced above $1,600 an ounce. Over that full hour, volume for palladium was more than six times the average in the past 100 days for that time of day, according to data compiled by Bloomberg. Palladium delivered a 77% return over the past year, the biggest among 45 raw materials on the DCI BNP Paribas Enhanced Index. Palladium futures for March delivery climbed 7.8% to settle at $2,497.60 an ounce at 11 p.m. on the New York Mercantile Exchange. Prices kept rising after the market closed Tuesday, touching $2,504.50, the highest in records going back three decades. The market was closed on Monday for a U.S. public holiday. In the spot market, the metal also reached an all-time high. Gold futures for April delivery rose 1.1% to $1,603.60 an ounce, the highest close for a most-active contract on the Comex in New York since 2013. The tally of outstanding contracts for the metal is more than 30 times the size of palladium. Palladium’s stellar performance has been driven by expectations that stricter Chinese environmental standards will spur higher loadings of the material in cars, draining global supply that’s already struggling to meet demand. Production will trail consumption by 1.9 million ounces this year, wider than the 1.1 million ounce-deficit last year, Anglo American Platinum Chief Executive Officer Chris Griffith said in a presentation. [link]

GKP ValueSeeker8 18 Feb 2020

Transactions in Own Shares RNS - Transaction in Own Shares Best Regards @ValueSeeker8

KIE Thunderjack 18 Feb 2020

Zippy, the Motley Fool writers are not familiar with Kier. They haven't done detailed assessment; instead they look at a few metrics and then spout an opinion. Their articles are riddled with mistakes and misconceptions. For example, they don't seem to understand the difference between the group's net debt and its average monthly debt. They don't understand what brought the Kier share price down in the first place, and they certainly don't understand where Kier is now in terms of its volume of business, ranking and capability in UK construction, nor the sector as a whole. My view is that the business isn't even severely damaged, despite the fact that the last finance director allowed accounting schemes to give the impression of greater cash availability, and consequently far too much was paid out in dividends, and not enough done to maintain a healthy cash balance. The CFO has gone; money has been raised through a rights issue; cancelling the dividend altogether (saving about £60m in payouts); cutting costs and selling assets (property, a business in Australia). My view is that Kier will get back to about £6 by the end of this year, and much higher next year when they start talking about reinstating a dividend (a very small one, I hope). I'm not saying what you should do; I'm just saying that I've got my own plan and it involves holding Kier at least for the medium term and maybe even longer. My target is £12, but that could be some way off.

GKP MikeyAdmin 18 Feb 2020

Closing Prices Close . . . . 181.20 Open . . . . 180.00 High . . . . .182.80 . . . 08.00.28 . . OT Low . . . . . 178.00 . . . 10.54.34 . . AT MD Auc . . 806 @ 178.4p LSE Vols . . . . 611,273 . . . 329 trades AT trades . . . 253 . . 76.9% OT trades . . . 76 CP . . . 75,821 @ 180p FTSE100 . . . 7,382.01 . (-51.24) . (-0.69%) Brent Crude . . . $57.29 . (-0.86) . (-1.49%) . . . (15mins delayed)

BARC stutes 18 Feb 2020

HSBC and zBarclays If you look at both Barclays and HSBC they need to cut cost and reposition for digitization of retail banking. They also need to sort out their IB. Why not merge the IB of each bank and if after 3 years spin off the business?

GKP ValueSeeker8 18 Feb 2020

Todays Buy Back Trade

KIE zippys007 18 Feb 2020

Re: KIE Stream Log Thinderjack - You seem to have done your research on Kier. i worked for Kier during their boom days when i left in 2017 ish i sold my shares for £14.50. I seen Kier crash and was absolutely gutted, they have some talented people their and I can honestly say was the best company i have ever worked for. Reason for my post - i bought £8k in stock my first ever purchase when they were 91p. I kept shorting them and making a few hundred pounds a time my stock is now worth £11k. Do i keep my money in ?? of take it and run. Everyday i read conflicting reports to buy and stay clear. What i have noticed is that certain websites such as the motley fool issue warning about kier shares then their shares slump - can you advise on why they are telling people not to buy. when you speak so highly of them?

GKP MikeyAdmin 18 Feb 2020

Level 2 Close . . . . 181.20 Open . . . . 180.00 High . . . . .182.80 . . . 08.00.28 . . OT Low . . . . . 178.00 . . . 10.54.34 . . AT MD Auc . . 806 @ 178.4p Full 188,465-----272,445 37----45 LSE Vols . . . . 279,250 . . . 173 trades AT trades . . . 146 OT trades . . . 27 . . . 12.42.15 Spread 178-----178.8 . . . Mid 178.4p