Sure it can only be the administrators of Snr? Hasn't he got 10% of them? Reckon there selling them on open market? :)
I;m a financially embarrassed holder of LOGP. I doubt if the current weak oil price will influence negotiations. Both parties will have entered the ring with their projections, probably developed by actuaries and it is unlikely that a weakening of prices will not have been included. After all, shale oil is no surprise and people have been factring it in for long enough. I worked on the Shell Tern project in 1995 when they steamed ahead even though the price of oil was sub$10 a bl. The had the cash and this was a great time ot invest. Subsequently made lots of money. It's the perception of oil price in the next 7 to 20 years that will be the more influential. Keep the faith!
I cant see any deal being done until "stabilisation", if there is such a thing, of oil price happens. Valuations are out the window with such uncertainty. Back to the waiting game then...
Me too. Financially. I wonder whether the fall in the oil price has complicated the company's negotiations.
15 Oct '14
I can honestly say I'm embarrassed at owning this share.
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