Not quite so fast. Maersk and QFI are partners. 'At the mercy of' Maersk is a very strong term, and I feel possibly misleading.
In the short-term (or let's call it mid-term) Maersk's great avuncular presence is in regard to MSAR2, and the marine side.. Sure 'Maersk Oil' exists, and they own drilling rigs, and also work as Operators. But Maersk oil is not a GoM (yet).
I very much doubt that Maersk have much to do with negotiantions nor further anouncements in respect to KSA, power-plant MSAR use, not that branch of things. Which are not insignificant parts of QFI's future business portfolio.
For me the last sentence of this paragraph is very interesting!. Might an oil major seek to led change by bidding for QFI?. And finally those who've been invested in QFI long enough will like me see the current share price as a real opportunity as I honestly believe it's over sold. DYOR
The Global Oil Major may also be a potential supplier to the global marine fuels supply programme in several bunker hubs. Completion of the LONO programme is expected to accelerate serious enquiries for Marine MSAR® supplies from ship owners who continue to face challenging market pressure both on cost and environmental performance. Traditionally the oil majors respond in such circumstances and seek to lead change
Don't mind if it sticks around here a few more weeks, it will give me a chance to get to the magic 500k shares at reasonably (make that LOW) cost. I've got some short-term cash in UKOG and REM, specifically to try to make a bit to top up QFI. Not quite there yet on either of them, but getting close!
Most investors on AIM (myself included) are too impatient and want big gains asap - but with this share I think there will be an amount of SP volatility until the expected re-rating comes along. And whilst I hold shares in a number of companies and trade in them, this is not a share I feel comfortable trading just in case I get my fingers burnt by missing out. Anyway, time will tell - GLA Now if the SP can just get to 29p my top up will kick in - lol
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