Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It's bonkers
I give the share 12 more mths then I'll exit as this is depressing
Well, the genders of those involved probably tell you all you need to know. Dignified exits, so no smoking gun but enough noise to warrant some churn.
I can only see this simplification as good news...
Jsb, the problem that we have is oil and gas companies are seen as bad companies to invest in because of misunderstood climate change causes , hence valuations are low. Clearly that provides opportunities for people who think differently.
Can anyone explain, most brokers price target is between £5.50 - £10.00, some say a fair price is between £7 & £8 but we struggle to stay above a fiver,
The Looney picks going?
Change in strategy or change in focus?
Morning Slights
The temporary inventory build is nothing to worry about neither is the temporary pull back in oil and SP.
I posted the following two days ago...
Oil market fundamentals this year have been healthy, but we are entering a short-term lull due to global refinery maintenance in April coupled with stretched financial positioning means that the headwinds are building for oil prices. I expect to see inventory builds continuing over the next few weeks coupled with the weakness in refining margins that will pull back oil in the short term.
However, this short term pull back should not distract from what is to come later this year. I think as oil pulls back in the near term, opportunistic investors and traders will continue to bet on higher oil prices going year end and 2025 being aware of the deficit data.
Additionally oil with head north on any Isreali response.
Sideways for a bit then onwards and upwards
Have a great day.
Mark
Seems a bit dramatic a 3% drop.
When
“ In gasoline, the authority estimated an inventory draw of 1.2 million barrels for the week to April 12, which compared with a modest build of 700,000 barrels for the previous week”
“ In middle distillates, the authority estimated an inventory decline of 2.8 million barrels for the week to April 12. This compared with a build of 1.7 million barrels for the previous week.”
My simple arithmetic says 4 million drop in products,
Against a 2.7 million build in crude.
So total inventory went down
Https://oilprice.com/Energy/Crude-Oil/Oil-Moves-Down-on-Crude-Inventory-Build.html
Called Fool for a reason . . .
That's laughable. So, he bought yesterday on a 2% fall - but if he really had foresight he should have bought on 4 Feb at 453p or really anytime up to mid-march when we were ~475p.
Https://splash247.com/woodside-energy-taps-argeo-for-calypso-survey-off-trinidad/
Worth a read
Particularly noted
“ Sustaining Production
Birrell doesn’t rule out exploring for more oil and gas, or acquiring companies for their reserves. That’s a change in tone for BP, which under former Chief Executive Officer Bernard Looney set out a plan to radically embrace decarbonization and renewable energy. ”
Https://oilprice.com/Latest-Energy-News/World-News/Traders-Place-Bets-On-250-Oil.html
Goes down quicker than a brass this one,another buying opportunity emerges
Meoryou have a lovely time with your granddaughters.I have 2 granddaughters and 2 grandsons .
The best ever. What would we do without them
Enjoy the sun and your lovely family
Hi Spights
Promise will pack some sun and drop off over England and Wales on way back.
It’s interesting seeing how much the 2 granddaughters have changed since holiday a year ago.
Clued
My purely personal view is there will still be some value attached to BPs stake.
I assume politicians and media,will crusade against BP ,but the amount of money there is bigger than some not very small countries have,so think BP will come out one day with something..
Unless the west put Putin into a position of retaliation if west take Russian assets in the west.
It’s a big game of poker, with unfortunately many lives at stake
Mark, I realise you've headed away for the day, but per your "BP's reserves currently lack depth due to Rosneft ' exit ' at 8.7 years at present but Rosneft is a write-down not write-off. Rosneft dividends for BP are still being paid and held on account. Wars come and go. Companies are more perpetual. I expect BP's near $24B stake - excluding dividends $6B - to return in value sometime in the next few years."
do others think these Rosneft dividends and investment will populate BP's A/C's again, as that would really add to its value ecen in a few years time ?