@SLORocker@grace_2e The trains and cars kill far more red legged frogs than the pipeline (which kills none), which provides refuge for wildlife burrowing next to it. $SOC
Is this a photo of Gaviota State Park? If so, you missed the train tracks running right next to the beach. The expressway running through the park. The septic system in the park. And you don't even likely know where the pipeline is. It took me hours to find it. Hint: from the beach, it is on the other side of the train tracks and expressway. Hint: the grass is a very slightly brighter shade of green above it. And no, there are no monuments to Gavin built above it. $SOC
@CraterLukenda@c_MANANA_ Agreed. No bank in their right mind would loan the money with this many legal issues potentially causing it to become worthless. Only answer is $XOM extension, because they lose a billion either way, but might get paid if $SOC prevails in court.
@Woirble I am now seeing the california legislature launched an investigatin into $SOC, regarding all commications between $SOC and $DOE. Brilliant. Firing on all cylinders. Just when you think california is fighting with all agencies, another mole pops its head up.
@BDC_Analyst Thanks. This all seems true. Appreciate the analysis. I am not ready to take a short position in $MRNA though. But I might unload $MRK. Who knows.
@COMETcapital But $SOC dropped in the market. Hmmmm. I assume a democrat will be elected, but this might just be best case. As long as there are no oil spills between now and the election. Does anyone know of there are fewer tarballs yet on the beach due to sable pumping?
If 84% of people have a reaction to pembro, and a whole ton of people have a reaction to vaccines, I would be suspicious if few people had a reaction to the combo. That is like saing the apollo moon landing was staged because the astronauts aced like geeks (supressed emotions) when interviewed on TV later. $MRNA
@TaylorStCap Very sadly from the perspective of $SOC, the SPR is still half full. It has months of oil left in it. Anyone holding oil company stock shoud wish the SPR were almost empty. This article makes it sound like it is almost empty, but it is not.
@Megatron_ron Sadly, there is still months of gas left. This is way to much for anyone holding oil company stock, who wants the price of oil to go sky high. $OXY $CVR $XOM . This post is very misleading. It makes it sound like it is almost empty.
The PV10 in the presentation doesn't say clearly, but I think it is like all PV10s, against proved reserves. Previous PV10s out of sable stretched thinthings a little and went for potential reserves. If I recall correctly. So this PV10 may be conservative. That is why I thinnk the keep talking about drill slots $SOC. I guess they are allowed to talk about that.
Maybe the point of the call was the softest way to say "no federal financial help". Just trying to keep the stock price as high as possible. No rationale bank would refi, because it could all go away when the DPA ends and court cases are not favorable. But $XOM has nothing to lose by extending. If they do not extend, they lose $1 billion. If they extend, they get $150/million a year for an indefinite number of months going forward. 15%, $SOC I am using round numbers. A call inducing confusion is better than an 8K saying no federal help, I think.
$soc if I am reading this right, $soc pipeline is providing wildlife habitat for a sustainable ecosystem. Is California saying they want the pipeline removed and the wildlife to be made as homeless as million of California humans, driven there in part by high gas prices, which pipeline remal would drive higher?
Here is what gemini says. I don't understand how there can be shortages if there are still lots of reserves. Gemini: No, the IEA is not saying that strategic petroleum reserves will be completely emptied. While the International Energy Agency (IEA) recently issued a stark warning that global oil inventories are depleting at a record pace due to the conflict in the Middle East and the closure of the Strait of Hormuz, they have not forecasted that reserves will hit zero. Instead, the IEA emphasizes that the buffer is "substantially consumed" and that markets will face severe supply shortages by summer if disruptions persist, prompting member countries to manage their remaining finite stockpiles with extreme caution.