This is starting to get very interesting indeed, the level of change that this company is now going through, removing more and more links with the past, rationalising our assets and consolidating our core business in Trinidad. Could it be that there s someone in the wings driving these changes. It does feel that this was the job Rory was brought in to do, but the question is by who? It seems evident to me that he was not brought in by the old guard. I have seen this in other companies where someone young and sharp like RSR is brought in to make wholesale changes but once that job is done the role of CEO is handed over to an older head to run the company long term. Just thoughts and speculation on a Monday morning but it does feel as if we are being groomed by a major.
I was I a new CEO, I would not ask my chairman to step down when it was he who had the strong relationship with Trinny. I'm sure Sir Sam had influence over RRL getting St Marys block. I'm not a happy bunny as feel more exposed with Sir Sam gone for this reason alone. RSR, we need positive news soon.
In fairness, a lot of trading platforms were quoting different closing prices on Friday due to the two trading extensions. Some hads already closed after the first extension with a closing sp of 0.89 and didn't catch the second drop to 0.86. LSE, bless its cotton socks, was still quoting 0.72 as a closing price.
This is not about Citation, most oilers traded up on Friday as a result of a recovery in the price of oil. Our interest in CTR is now only through LAR in any case but the real reason for our rise I believe is that we were over sold, the recovery would have happened earlier if the oil price had not dipped IMHO. The news from Somalia on Thursday wont have hurt either.
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