Fendley Consultancy Pty Ltd in Gold Coast, Queensland | Business service

Fendley Consultancy Pty Ltd

Locality: Gold Coast, Queensland

Phone: +61 7 5598 2493

Address: 1/28, Palm Beach Ave., 4221 Gold Coast, QLD, Australia

Website: http://www.fencon.com.au

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23.01.2022 How to create a 500 billion dollar financial reserve (Start with 700 billion and wage a war of attrition with major Oil producing nations for two years) After creating more than two years of pain throughout the world Oil Industry, it appears that Saudi Arabia may have thrown in the towel. This No Mas admission has come as somewhat of a surprise to the majority of Industry pundits and speculators, and will without doubt create some serious angst in the world of Oil hedging ...over the next six months (depending on which side of the curve you are on!) OPEC will display a unified front in the coming months, talking up the merits of a market balancing initiative designed to assist struggling cartel members such as Venezuela, Nigeria, Algeria, and Libya get back on their feet again. Noble in gesture perhaps, but lacking in actual substance when put under the microscope. The reality is that Saudi Arabia is in the midst of their own domestic crisis, guilty of stepping on the accelerator like a lead footed seventeen year old on economic transformation at home, when the prudent approach would have been applying cruise control in the 60 km lane to give the local population a chance to absorb and adjust to long overdue social welfare and fiscal reform. So where do we go from here? In Australia, probably not very far until Operators get a chance to build up cash reserves and pay down a substantial portion of their increasingly suffocating debt load. Perhaps a steady oil price in the upper USD 50/bbl range will provide an opportunity for some of Australia’s onshore operators to obtain additional equity funding, to hopefully fund increased field development while Contractor rates are still attractive. Of course none of this will happen in states like Victoria, NSW, and the Northern Territory; as State government intervention has effectively destroyed any chance of the Oil and Gas industry providing employment and much needed tax revenues to these regions for the foreseeable future. A second option could see cashed up investment funds now jumping in to snap up some of the region’s midsize to smaller players, providing further emphasis on building value via the drill bit. If this does not happen sooner than later, expect an exodus of locally available modern rig spreads to regions where the demand / supply curve is more attractive. What is the short term outlook for Fendley Consultants? At this stage we don’t expect to see much uptick in our local onshore market until 2nd quarter of 2017 (provided that OPEC does indeed manage to implement an effective production cut), and in fact expect other regions to rebound well before we see increased activity here in Australia. We certainly expect North America to have a marked increase in activity over the next 2 quarters, in addition to other Non-OPEC nations. This may provide potential overseas opportunities for Australian resources meeting ever tightening immigration criteria for expatriate workers?

18.01.2022 So long 2016.. and good riddance! While 2016 has been a year that many of us already prefer to forget, certain events that took place over the past 12 months may well have far reaching implications. Most people will probably consider the election of Donald Trump as the major event in 2016, but perhaps what resonates most is not his actual appointment, more so the overwhelming response of middle America informing traditional government that they were no longer prepared to acc...Continue reading

11.01.2022 As we enter the third year of a historic Industry downturn it is becoming fairly apparent that we are on a collision course that will induce even greater pricing volatility to what we are currently experiencing. We can paraphrase that famous spaghetti western the Good, the Bad, and the Ugly with regard to our current predicament as follows: What we know Crude stockpiles are continuing to maintain historically high levels, as Producers able to pick their low lying fruit in...Continue reading

09.01.2022 This week we are going to have a crack at playing Myth-busters! The global oil industry decided to get out of the right side of the bed on Thursday the 26th of May.with strong indicators that we would (and in fact did) break the USD50/bbl mark before the end of the day. Now, before we pop any corks, we need to remember that this basically gets us back to where the price was in November 2015 The big difference between now and then are the leading supply and demand indicators...Continue reading

06.01.2022 Finally, as we head into 2017 we would like to wish you all a very Merry Christmas and a hopefully prosperous 2017. As we reflect back on our Christmas greeting for 2015, we note that unfortunately not much changed in the year that followed. This being the case we have decided to simply update our 2015 greeting as follows: