You were trying to imply that somehow Blackrock were involved in some manipulation of BLVN stock for the benefit of their bedfellows.
BLVN stock to BR would be almost insignificant merely a figure on an end of year report.
As for the Lukoil deal as a whole, i posted a very long explanation on the other board at the time explaining why i believed after consideration that the deal was the best of two scenarios and that the alternative would leave a sour taste.
Both myself and Wshak at the time agreed that although we had switched in favour that we believed that new blood at the helm was needed as although Hart is one hell of a brilliant M&A guy he is a mathematician and from what is apparent easily swayed as the 9 months Bomono discussions with the NOC showed with them twice moving off the table like a spoilt child as they wanted part of Etinde to secure the investment.
My retained bullishness now looks at the now more secure part of a whole in Etinde which will be taken through to FFD backed by a company who have a reputation for breaking down geopolitical problems to fasttrack to production and who have the added advantage of being able to kick SNH and even Biya hinself up the backside using the blackmail of the historical steady flow of Russian money into West Africa.
Secondly my retained bullishness looks at the cash balance on the completion of the deal pushing forward Bomono and Kenya specifically with the BoD being able to dust themselves down from the last 2 years of suspended animation and get to do what they do best.......... Exploration.
I may get side lamped for this but not only do i agree with Paul's sentiments which he wrote in an extremely good post and i add my thanks for that interview with kevin, but i believe that when the board are free post deal to go merrily exploring again, the market the risk-on money will start looking at BLVN as a target and likewise the short spec traders will move in resulting in sustained volumes along the path of early reporting on both areas.
As everyone knows i never recommend either a buy or sell with a rare sell only if it is vindicated but i am still extremely content to be a shareholder and i look forward to some good old fashioned exploration by a BoD who (and never forget this) gave us a 2 year exploration campaign which had the industry salute it.
Good luck to anyone who believes that these days the only sound is the death knell for BLVN as they could not be more wrong.
JPMorgan Chase & Co. (JPM ▼ -0.34% 61.11)’s U.S. research unit, which was overseen by Noelle Grainger when the survey was taken, scored the largest number of highly ranked analysts, making it the No. 1 firm in U.S. equities research for the fifth consecutive year. The bank’s analysts were No. 1 in picking stocks for regional banks, commercial and consumer services, health care equipment, health care distributors and telecommunications.
Maybe next year they will be no 1 for picking oilers?? Lol
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