RE:RE:RE:RE:WaitingKensho
Interesting view, a plausable scenario also I think.
My own perspective on the oil price is that it will bounce around anywhere between $30 and $50 per barrel until the Autumn. This is a wide range but there is nothing other than trader sentiment to drive the price higher until supply convincingly starts to tighten. From the Autumn we are likely to see the oil price move upwards more steadily and consistently.
I would have thought that a buyer would try to move before Stella first oil otherwise they would lose the chance to acquire Ithaca at a relatively attractive price.
Larger oil producers with the potential to acquire ithaca will have their contacts within Petrofac. They will know with far more than us about the likelihood of Stella fist oil before this Winter. But as you say, once FPF-1 leaves Gdansk expectations will be high, there will be a lot of interest in Ithaca both from buyers of stock and from potential acquirers.
Doug