09-02-26 savo
merlino... it did not materialize because the Trump kleptocracy wanted to have its deal in place first to replenish the SPR depleted by the most stupid war and in the process enrich their friends and family.
Once that was sealed... other companies were allowed to make their moves. |
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09-02-26 Merlino
What matters is the broad picture... various reputable international companies are planning significant increases in production...
.......................................
I would venture to say that what is happening now is what us and most everybody else was expecting to happen only a few months after Jan 3rd and that for whatever reason did not materialize in size at the time...a 4-5 months delay |
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09-02-26 savo
these deals are private contracts...between a sovereign entity and a private companies... hence details of those contracts are private and we know what they want to tell us.
If those contracts go through veni AN... we may get more details... but that won't be now.
What matters is the broad picture... various reputable international companies are planning significant increases in production... that is all we need to know.
The market is slow to accept this as Leo says while some investors make be happy with their unrealized gains and may choose to realize them.
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09-02-26 spal
More grandchildren coming?
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Yes Carib - this clan will do what it can! |
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09-02-26 carib
Morgan Stanley's report on Tuesday stated that the U.S.-Venezuela Oil Agreement strengthens the outlook of?Venezuela?s sovereign debt restructuring, and encourages higher oil production, though key details are still unclear.
Last week, the U.S. announced an agreement with?Venezuela under which North American Blue Energy Partners would be granted a concession for 100 years covering 17 oilfields estimated to have 65 billion barrels in reserves.
The U.S. government will receive a 35% stake in the parent company, as well as the right to buy 20% of the future output at cost, and the first refusal on the remaining 80%.
Morgan Stanley has maintained that it is assuming a production of?about 1,5 million barrels per a day by 2027. This level, according to Morgan Stanley, would allow for a successful restructuring of the massive amount of defaulted government debt.
Since the U.S. deal was announced last week, Venezuelan sovereign bonds and those of PDVSA (the state oil company) have gained about 3.5%. This reflects a more positive economic outlook in advance of any restructuring talks.
Morgan Stanley analysts say the importance of the oil deal lies less in its specifics and more in the commitment it signals to Venezuela and other countries in the Western Hemisphere.
The report stated that "the announcements are positive for sovereign bonds, even though more details are needed. Especially on the fiscal impact." |
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09-02-26 carib
More grandchildren coming?
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09-02-26 spal
"son's wedding"
Congrats Spal!!
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Thanks Panas - this will be the last one - 3 out of 3! |
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09-02-26 leopardo
Venezuela Saudita 2.0 Carib ….
The term “Saudi Venezuela” refers to the period of remarkable economic boom that Venezuela experienced in the 1970s, when massive oil revenues made the country as wealthy as the oil-rich monarchies of the Persian Gulf. |
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09-02-26 carib
| PDVsa/Sov gap.. still around 10% |
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09-02-26 carib
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09-02-26 carib
| PDVsa 2022 (12,75%) last transaction 1MM+ 43,75 |
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09-02-26 carib
| PDVsa 2021 last transaction 1MM+ 46.875 |
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09-02-26 leopardo
Pricing dirty
Bid 58.481x 100'000 20:42:33
Ask 60.323x 100'000 20:42:33
Vnz 31 |
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09-02-26 leopardo
Pricing dirty
Bid 58.481x 100'000 20:42:33
Ask 60.323x 100'000 20:42:33
Vnz 31 |
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09-02-26 panasonic
"son's wedding"
Congrats Spal!! |
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09-02-26 leopardo
| Junín-5 currently produces around 12,000 barrels per day. However, the new governance structure aims to accelerate and streamline the ramp-up phase in order to reach production of 400,000 barrels per day by the end of the decade, supported by annual investments of approximately $1.5 billion to be funded by the joint venture. Taking into account all of the Group’s oil production assets, Eni could eventually reach output of 1 million barrels per day, according to market sources. |
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09-02-26 victor
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09-02-26 Merlino
....heading out to Amersham on Friday for a son's wedding
..............
Have a good trip. Compliments, Spal |
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09-02-26 savo
| a good news would be exxon and conoco retaking the oil fields they were exploiting before Chavez developed his coke addiction. |
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09-02-26 carib
Italian oil major Eni was also poised to sign a deal on Wednesday to take control of another huge oilfield in the Orinoco belt, Junín-5, which contains as much as 35bn barrels of oil in place but is at present only producing 12,000 b/d. A person familiar with the plan said Eni would spend $1.5bn a year on the field, taking production to 400,000 b/d.
Eni said at the end of June that Venezuela’s increase in oil production this year had improved its chances of recovering an outstanding $2.7bn in unpaid revenues from gas sales from PDVSA.
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09-02-26 carib
America is a name, and the royalties should belong to the heirs of Amerigo Vespucci.
;-) |
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09-02-26 victor
carib :-))
change the name, though.
"strait of america" solves the problem.
gulf of america
lake of america
strait of america
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09-02-26 spal
they.... for the moment Spal's AI
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LOL ... a backhanded compliment, but I will take what I can get.
Greetings from London, BTW - hellish jetlag, but heading out to Amersham on Friday for a son's wedding. |
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09-02-26 spal
ALVOF
ALVOPETRO ENERGY LTD
7.9 (+4.22%)
Obeying orders and justified - $9 is a short term target.
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09-02-26 leopardo
| Vnz\\Pdvsa plices stable\\\\\on the upside... |
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09-02-26 leopardo
| Vnz\\Pdvsa plices stable\\\\\on the upside... |
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09-02-26 carib
Is passage from the TRUMP strait subject to payment of a royalty to the Trump Organisations?
;-) |
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09-02-26 victor
| Now that we have it under U.S.A. control, should we change the name Hormuz Strait to TRUMP STRAIT??? Like America itself, it would be “hotter” than ever before! Thank you for your attention to this matter. President DONALD J. TRUMP |
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09-02-26 savo
the more the merrier... but it is from there that our bonds will be repaid...
The NABEP portion is for the US kleptocracy. |
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09-02-26 carib
| But Wright in CCS said.. 2MM B/D by 2030... |
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09-02-26 panasonic
"I care more about the barrels per day target."
Makes sense, but timeline weighs more in my decisions. |
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09-02-26 carib
| Savo: 50% claim haircut.. into new bonds with step up to 6%.. might be worth 40% of claim, if it includes some warrants. |
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09-02-26 savo
pana.. i pay little attention to "investment" numbers... new money? reinvestment money? local money? foreign money?
I care more about the barrels per day target... |
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09-02-26 panasonic
| Savo, Wirth's interview was key, but investment of $7B over next 5 years (pretty shy) most probably is related to political mine field, private money could take time and my question, how long is too long? |
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09-02-26 savo
Separate deal
the US deal is for the benefit of DT's friends and families...
Chevron, BP, Shell, Eni, Repsol.. are the ones that should pay our bonds.
Imagine 3mm barrels by 2028...at 80 would be 87 bn dollars...
If veni keeps 40% of that...almost 36 bn dollars..
I would imagine enough to service a debt haircut 50% with a coupon of 6%.
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09-02-26 panasonic
CVX plans to produce 600K barrels a day over next 5 years, $7B investment.
Separate deal, private and nothing to do with US Gov. deal. |
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09-02-26 carib
Chevron said Venezuelan crude, which can often be heavy and difficult to extract and transport, would incur total costs of less than $20 a barrel. Its new acreage sits adjacent to existing joint venture holdings.
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09-02-26 carib
for digestion.. I guess we need a few more details..
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09-02-26 leopardo
| The latest agreement hasn't been fully digested yet, Carib. |
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09-02-26 carib
| Veny bonds up again today, probably on the tail of chevron news. |
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09-02-26 leopardo
Need a little more patience Savo.
Prices will retest recent highs and push higher in the not too distante future. |
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09-02-26 carib
I suppose the US strategy is to stabilise Veny, milk her long term, whilst holding firmly by the balls.
The outstanding debt can be dead weight .. or a tool. |
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09-02-26 carib
Raúl Castro en estado grave por un accidente cerebrovascular
La información no ha sido confirmada por el Gobierno de Cuba |
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09-02-26 savo
| they.... for the moment Spal's AI |
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09-02-26 savo
| leo... i think so.... but markets seem to think otherwise |
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09-02-26 carib
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09-02-26 leopardo
| Savo I don’t think they want… |
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09-02-26 savo
| why do they want to screw bondholders? |
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09-02-26 leopardo
I’ m optimistic regarding Venezuela.
It will take time but it is in its WAY to recovery
in all senses economically and politically |
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09-02-26 carib
| Chevron = good news, IMHO. |
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09-02-26 leopardo
| 3/5 mln barrels per day within reach in Vnz.. |
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09-02-26 leopardo
The American oil company Chevron has announced that it has secured new oil fields in Venezuela’s Orinoco Belt and plans to more than double its oil production in the country compared with 2026 levels.
According to a company statement, Petroindependencia, in which Chevron holds a 49% stake, plans to invest more than $7 billion over the next five years, with the goal of producing approximately 600,000 barrels of oil per day. |
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09-02-26 carib
Russia secretly aiding Iran in development of supersonic cruise missile technology
The program, codenamed C430L, began in 2023 and was arranged by Russia's state arms exporter, Rosoboronexport, in coordination with the US-sanctioned NPO Mashinostroyenia.
Unsurprising. |
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09-02-26 savo
| answer 2: when you leave them alone and mind your own business... |
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09-02-26 carib
| answer to DT: what you provide them with the required tools.. |
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09-02-26 victor
| I’m not trying to force Iran to the bargaining table, as ABC Fake News reported. I couldn’t care less if they sign a worthless, to them, agreement. I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing. They are just playing out the inevitable. When are the Iranian people going to rise up and fight? President DJT |
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