From the RNS 24 th June Farm out agreement Other Transaction Details: • The effective date of the transaction is the completion date, which will occur 15 business days after the satisfaction (or, where permitted, waiver) of the conditions to the transaction. The longstop date by which all conditions to completion of the transaction must have been satisfied (or waived) is 31 August 2014. Well the new extended date is 31st Oct, So the longstop date is 31st Oct , and giving 15 days before that makes it about the 16th Oct where the deal must be done. So not long now then.
I was, I know the oil majors haven't been hit too badly at the moment but if Germany goes into recession, China finally hits these long standing problems then we may well have some big macro issues to deal with. It doesn't change my opinion though, I'm invested in small caps and companies that I believe are growing / going through a material transformation. That way it doesn't really matter what the market is doing...
i think so too.......but my point is the oil price fluctuates constantly and the fact that the majors are only small off of their highs proves the point.........i haven't looked but i'm sure oil prices have been lower in the last year......don't panic
For once I agree with you, the wider outlook is decidedly shaky at the moment and yes, I'm very hesitant to go chucking money into any company that will follow the wider market. I am however pretty comfortable here, there's enough of a fundamental change in circumstances that it's still worthwhile. The only caveat to that is with oil tanking and the "risk" money running scared we may not hit the heights many of us on here would like, however this will still re-rate nicely.
On top of all I have been saying ,you can now add pressure on shares from european markets. Now is not the time to be investing your hard earned cash. You have heard it here first. Experience counts for more than charts,hope,bulletin boards,enthusiasm,luck,etc,etc,etc.
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