TOT Slides

[Palm]

Wu does not want that info posted back over here for the reasons you state. He was attempting to provide useful info and it was misused and abused. He has stated to myself and a couple of others verbally that it will be the last time he does something like that. Just let it drop.

[Getitrt2]

Well, Stavros, it appears that you will never be able to reverse or make up for the damage you have done to all of us. You need a muzzle or something.

[Stavros]

Well, Stavros, it appears that you will never be able to reverse or make up for the damage you have done to all of us. You need a muzzle or something.

I'll take the "something" Getit

Send me a PM and I'll respond with my address.

Have a great weekend.

[ebster123]

Well, Stavros, it appears that you will never be able to reverse or make up for the damage you have done to all of us. You need a muzzle or something.

I'll take the "something" Getit

Send me a PM and I'll respond with my address.

Have a great weekend.

Maybe I missed something, but I do not believe so.  STP, Hemi or someone can you please tell this individual that personal assaults like this  are unacceptable.  Give me a break.  I just don't get it...in more ways than one.  Get it, I too would be happy to PM if you have an issue with my posts.  I feel your recent comments are not appropriate for this MB.  Oddly I appear to be the only one.  So with all due respect please clam up, change your topic and move on.

[Putncalls]

That note about $ 60 per barrel oil post 2017 is meaningless for this slide. In the presentation, Patrick Pouyanné used that figure several times when he spoke about TOTAL's ability to pay their dividend from organic cash flow ... see slide 13 TOTAL is convinced that Oil price (Brent) will be measurably higher than $60 per barrel post 2017

With respect to 60$. 60$ oil may also be a "go no go" LNG price point of ~10$. That doesn't seem like a natural price though. At that point there is no new competition.

[Stavros]

You're right Putz

The typical oil-linked LNG price has been an S-shape curve where the straight-line diagonal portion goes by the formula:

$(Japan Crude Cocktail Price) x (0.1485) + $0.50

So at $60 oil, LNG comes to ($60) x (0.1485) + $0.50 = $ 9.41 ===> Not a natural (healthy) price, as you say.

There were a lot of gesticulations in the past, of course, by BUYERS who were paying $14+ when Oil was over $90.
Now, SELLERS are whining that their sunk investment costs are not being covered.

SO ... now there are on-going LNG price negotiations to modify the price-setting formulas with higher floors and lower ceilings to enable all parties to share the risks and benefits equally.

AND ... if Oil price stays below $60, we'll see Oil Supply stop growing due to lack of E&P spending in high-cost areas around the world. If we see Shell pull out of Alaska, we'll know they bit the bullet and concluded that Oil price will not rebound this decade.

[Li'loilady]

You're right Putz The typical oil-linked LNG price has been an S-shape curve where the straight-line diagonal portion goes by the formula: $(Japan Crude Cocktail Price) x (0.1485) + $0.50 So at $60 oil, LNG comes to ($60) x (0.1485) + $0.50 = $ 9.41 ===> Not a natural (healthy) price, as you say. There were a lot of gesticulations in the past, of course, by BUYERS who were paying $14+ when Oil was over $90. Now, SELLERS are whining that their sunk investment costs are not being covered. SO ... now there are on-going LNG price negotiations to modify the price-setting formulas with higher floors and lower ceilings to enable all parties to share the risks and benefits equally. AND ... if Oil price stays below $60, we'll see Oil Supply stop growing due to lack of E&P spending in high-cost areas around the world. If we see Shell pull out of Alaska, we'll know they bit the bullet and concluded that Oil price will not rebound this decade.

Well, I don't know if oil prices will recover this decade, or not, but Shell did pull out of Alaska.

"Shell says scraps controversial oil exploration in Alaska

London (AFP) - Anglo-Dutch energy giant Royal Dutch Shell said Monday it had scrapped its controversial offshore exploration in Alaska after failing to find sufficient quantities of oil and gas.

Shell announced that its Burger J well in the Chukchi Sea, off the northwest coast, failed to warrant more exploration, adding that it "will now cease further exploration activity in offshore Alaska for the foreseeable future." "

[Gator]

Shell pulls the plug on Arctic exploration for now Oil company Royal Dutch Shell is pulling out of exploration in Arctic waters off Alaska for the foreseeable future and could take a hit of up to $4.1 billion after failing to find enough oil.

I'm sure if they found oil, they would still be drilling.

[admin]

Maybe I missed something, but I do not believe so.  STP, Hemi or someone can you please tell this individual that personal assaults like this  are unacceptable.  Give me a break.  I just don't get it...in more ways than one.  Get it, I too would be happy to PM if you have an issue with my posts.  I feel your recent comments are not appropriate for this MB.  Oddly I appear to be the only one.  So with all due respect please clam up, change your topic and move on.

It looks like you missed something. The reasons the post, which many found very useful, was retracted by the author of the post was because of the reasons Getitrt stated, unfortunately.

[ebster123]

Maybe I missed something, but I do not believe so.  STP, Hemi or someone can you please tell this individual that personal assaults like this  are unacceptable.  Give me a break.  I just don't get it...in more ways than one.  Get it, I too would be happy to PM if you have an issue with my posts.  I feel your recent comments are not appropriate for this MB.  Oddly I appear to be the only one.  So with all due respect please clam up, change your topic and move on.

It looks like you missed something. The reasons the post, which many found very useful, was retracted by the author of the post was because of the reasons Getitrt stated, unfortunately.

STP, I understand that and did not see the post that was retracted but I did see Getit's post.  That is what I was referring to.  The slam was inappropriate and should be retracted and apology given.