BP. I don't know what you're drinking, smoking or otherwise ingesting these days, but it's obviously doing you the power of good! Like many others here I'm so far under water now there is nothing for it but to adopt a positive attitude. Either way the damage is done. What will be will be.
Lets not forget that QFI have stated that MSAR is economically viable at an oil price of $40. Of course the higher the oil price the better for returns to QFI.
RE: Re: Disappointed
I echo Colin's thoughts. The continuing delays and time-slips are frustrating and disappointing, for sure. But I still don't understand people saying they're 'losing money', unless they have actually sold at a loss. In the RNS and the message from IR, I was heartened to note that IW has actually 'come clean' and stated something which personally I find quite obvious, but has been downplayed until now. That being, despite the fundamental win-win aspect of MSAR is essentially unaffected by fluctuations in crude prices, QFI and their forward planning are not. The last few months have caused a lot of companies to pull their horns in, re-think investment strategies (especially in terms of introducing new concepts), and so on. And this influences not just the QFIs of this world, but is pretty much across the board in the O&G sector. Both here and on 'the forum' (before I was given the bum's rush from there) I was noted (if not infamous) for my optimistic, if not downright enthusiastic posts, but I feel forced to rein that in. Because such sentiments were based upon early 2014 forecasts. But the tone of those forecasts has changed, and so has the world. The problem with delays, and forecasts such as the latest, is that they're based on an assumption that the world as a whole is going to be rather the same as it is right now, politically, economically, and so on. And that's a fairly big assumption, and a murky crystal ball to consult. In any honest casino, you can get up from the table, leaving your poker-chips where they are, go for a meal, have a drink and a smoke, come back, and your chips are still there and your place still free. You don't have to cash in, then come back later to find your place has been taken. So this is what I'm doing. The crude price has directly affected me, which is a shame, because otherwise I'd dearly love to top-up at these prices. But discretion is the better course of valour. Of course (to continue the analogy), if the casino burns down while you're away from the table, well then you're in trouble! If IW had announced that the new MMU construction had been put on hold due to current circumstances, or that the services of the new management appointees had been cancelled because they had no work to do, for instance, that would be a different story, and I'd be running for the hills. But he didn't, and there's no reason to believe anything like that is on the horizon. My QFI shares are in my piggy-bank, and that's where they'll stay!
I will do my best and stop going on a Panic Mode as it does not good to my health so to speak.lol
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