not that I care..no longer being a shareholder but.. the oil price drop is a very nice piece of capitalism..Fracking in the the usa? ..well lower prices would stop that revolution. It also hurts the Russians the bolshie South Americans and iran..Lower prices will not last too long imo... Bit of middle eastern trouble and pop goes the weasel..I suspect the price will recover nearer the $100 barrel mark next year..besides gas is cleaner,more efficient.The contracts were set to encompass oil price vagaries..VOG will get there in the end imo but I no longer believe in the multi bagger potential.The last lot of dilution put paid to that .Shame.KF ,has made too many poor decisions,not least failing to contract the pipeline out in the first place.nad where the f... is that audit result?..
There are a few people on here that know the score such as voger and a few others, they know that Mr foo's Job is not to run our company for shareholders value but to part us from our Money with promises of wealth and success. Unfortunately we are foo's fools and we have been led down the garden path, the people that defend Mr foo are the ones that are to arrogant to admit they have been duped. I will admit that I have been deceived and in the process spent a great deal of money following this company for many years and my only hope is that I can sell my 115000 shares and recoup a £30,000 loss. I am then leaving aim shares and going back to Premium Bonds there's not so many crooks there.
dan I dont think blvn will stop drilling this dip in oil prices wont last and the drilling what blvn are doing should give them good long term investment , As for them treading on VOG`s toes isnt likely to happen but may use VOG`s pipeline as i very much doubt the Cameroon govt will want another large pipeline going around VOG`s map , i also think they have their customers at hand and VOG has theirs . as for both Supplying Big Power well it could happen as there is enough for both companies to make very good profits ., VOG could also offer very good prices even if blvn did , but end of the day neither companies will give it away .
blackpuss very true but we have gas and customers , very easy to talk VOG down when we all know the big scuffs will be in 3 months time , ii`s will jump in on Big Power on contracts imo , get in on the lows , UM thinking about it whats BP are yes Big Power .
AJ Well when VOG was getting contracts for gas sales the Cameroon govt had big fuel subsides for all in Cameroon , though the fuel prices have dropped the Cameroon govt have stopped all subsides on fuel , so bit of even stevens so to speak . to much scaremongering going on . i think you will find also the oil price at the pump wont come down like it does to the barrel , just look over here at prices it`s like that all over the world ,
I thought my 18.13 post would flush the old boy out, lol. Has it occurred that with the price of oil dropping so much, it is unlikely new customers will be queuing to take vog gas in a hurry? What would the differential now be for those paying $16 for gas? Expect some sabre rattling from any of the bigger users imo. There is definitely something nasty in the woodpile. If some start using more oil it could even mean scuffs may drop
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.