Agreed, its suffering from perma bear syndrome, they don't want to let go till its ripped from their hands.
But, that time is coming, ER not a long way off, winter as well and higher LNG prices and even this Saudi news is somewhat good, for MR not the region.
We do sell what 18-20 mil barrels a Q and it will be taking a ride north and with this I think bears will not be so arrogant in future, last winter got them a little to big for their britches, this woke up the world, doesn't take much to really cause some serious damage with drones.
I was telling someone I trade with on twitter after the first one just missed the pipeline, I said if they practice enough the scary thing is they can get very good at them. And there are numerous places they can do this too in many countries in the region, crazy world.
But anyway 2 Billion ft a day NG is also halted with this event, and as long as work, grinding/welding going on in the area it will be shut down totally as that type of thing can not be going on with NG flowing in the area.
Will just have to see, maybe this is the real kick starter as we head into the winter months.
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