Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Upcoming OPEC Meeting

[Hudsonhawk]

One has to wonder what will come out of the upcoming OPEC meeting later this month. I would assume that the oil ministers are talking on a daily bases discussing various options and what can be done to increase the POO. Should they not agree to a production cut I think you could see the price of oil price drop to the low 30's before any type of recovery next year or the year thereafter. 

If this were to happen I'm sure that a few countries would go bankrupt which in turn could cause a civil war. Rather than having the POO drop by nearly 30% they would be better off by not only freezing production but rather cutting production by at least 10%, this would surely raise the POO by nearly 30% to the $60 level. It only makes sense to cut production and save your reserves and receive more money for doing so. If a country were producing 10 mb/d at $45 and cut their rate by 10% down to 9 mb/d at $60 they would bring in 90 million extra dollars a day, it only makes sense but then who's going to police everyones production rates as one or two countries can't do it alone. 

On a separate note it's interesting to see the US buying/producing more oil than they require, could it be that they want to keep the POO low oil to bring the Saudi's and the Russians to their knees as the oil industry in the US only accounts for approx. 4% of their GDP which is a fraction of most OPEC and non OPEC countries.

mjh9413, the Stella reserves may be at 53,000 plus p/d but the FPF platform has a flow rate of only 45,000 p/d and IAE has indicated that they only intend to produce 30,000 p/d...... for now. I'm hoping that once the POO moves upwards so will our production rates as they secure additional reserves.

I really don't think that Delek will buy us out as they could have done so before now, I think that they were brought in for 2 reasons, to protect against a hostile take over and as an investment play, they could double or possibly triple their invest in a rather short time period. Perhaps going forward they will help find a buyer for IAE as it would be very difficult for them to sell 60 million plus shares on the open market.

Just my thoughts and are open for discussion.

HH