Could We see 20s?

[Putncalls]

I didn't think 30s was possible?

[admin]

I didn't think 30s was possible?

Anything is possible. We have two problems (which are interrelated). The Chinese slowdown and the state of the oil and LNG markets. The first is the most immediate problem (more especially the speed of Chinese forex depletion), which will give direction to the financial markets.

The second, more fundamental problem is related to the first, it's the oversupply on oil and LNG markets. Basically we need oil to recover and many new LNG projects not reaching FID, the latter is actually less likely if oil recovers, so it isn't an easy situation, it's a bit like a game of chicken.

But before we talk ourselves (or, myself) into a depression here, let's not forget there is a lot of fundamental value, especially by means of the Total payments, most of these actually don't depend on FID.

[Stavros]

If we see the twenties I win a tall cold one from an acquaintance.