Post by
MLEWICKIMBA on Apr 16, 2024 2:47am
Temporary Outage
If they can't go to flare for the natural gasthey have to shut in that production.
If the energy regulator allows them to flare they can restore production.
Or reroute the gas perhaps.
They will sort it out.
ML
Comment by
MLEWICKIMBA on Apr 16, 2024 3:58am
This is when they step up and show how good of engineers they are.
Comment by
Ogre03 on Apr 16, 2024 9:26am
More of a logistial problem then engineering as the fire was at a CNRL site. Not shocking I as constantly suprised that Horizion has not full on exploded. Today will be a hard day to watch for the first few hours I reckon. On the brighter side shorts are down about 2% overall on oil.
Comment by
MLEWICKIMBA on Apr 16, 2024 9:36am
Yes if you only have a daily or weekly time horizon. Let the goofs trade. The impact will be negligible when. they manage tge logistics done usually by engineers but not aways.
Comment by
BigJake on Apr 16, 2024 11:12am
Completely agree short term pain, doesn't change the direction of where this headed, over the next few quarters. Some analysts enjoy being drama queens