The 40m+ traded 6weeks ago is a god indicator of things to come. I emailed hq regarding this trade and pointed out that it was nearly 2% of the market cap. I also asked if it breached any reporting rules. They said that it did not. I take this with a pinch of salt and think it will be hidden in some fake nominee account.
To break this costly reliance on a single supplier and import route, the EU draft paper proposes several long-term measures in order to develop new oil and gas sources as well as reduce the EU’s dependency on fossil fuels.
The plans include developing domestic shale oil and gas reserves as well as investing into import routes that could bring central Asian and Mediterranean gas to Europe.
In North America, a gas production boom from underground shale deposits has ended U.S. dependence on imports and caused a sharp drop in energy prices.
The proposed EU import projects include more LNG capacity in order to tap supplies from North America, Africa and the Middle East, as well as plans to access newly discovered fields in East Mediterranean waters of EU member Cyprus, as well as Israel and untapped resources in EU Black Sea waters.
The draft also said Europe needed to reduce its reliance on fossil fuels by switching towards renewable energy and by improving energy efficiency to reduce overall fuel consumption.
The draft paper’s findings will be discussed by EU member states this month for presentation at the European Council meeting in October.
Maybe that will help?!lol SJ, agree with rerate first as whichever way you view its current value is well down on what it should be. Sentiment will eventually change...actually it might just have started
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