RE:I see Chevron is buying Hess Yes, it's all about Guyana.For now they are talking of about 11 billions barrels.
That's about 110 days of today's daily consumption.These fields have upside
discovery.It would be interesting to know what are the cost of these barrels.
In any event,these finds are knowed and are just changing hands of ownership.
In the mean time, based on my calculations, the overall profitability on a quarter to quarter
is improving.
On Oct. 10th, we were substracting 16 cents to SU EBITDA based on 2-1-1 spread and WTI prices.
This morning we are substracting 9 cents.
We are less then 1/3 done for the quarter so this will change but for now, we are heading in the right direction.
Market our loussy and this will or could have a short term impact on most sectors but i am
confidend that the O&G sector will outperform the overall market.
Will Su go down in the short term, probably but it will created new good entry points.
Right now , the interest 10 years % going over 5% seem to be scaring many.
Since TINA is gone,this will continue to have some competition for equity in the short term.
Here is Guyana discovery
Gross discovered recoverable resources for the Stabroek Block are currently estimated at more than 11 billion barrels of oil equivalent with multi-billion barrels of exploration potential remaining. Based on the discoveries on the block to date, six floating production, storage and offloading (FPSO) vessels with gross production capacity of more than 1.2 million gross barrels of oil per day are expected to be online by the end of 2027 with potential for up to 10 FPSOs to develop the discovered resources on the block.