Way for XEL. The budget didn't worsen the situation, minor improvement, XEL are implementing the Wood Review in all its glory and the SP keeps sinking. Before anyone says this is a one way bet imagine if those things hadn't gone XEL's way this might of been the end of the road. It's looking mighty rocky still even with the Avalanche of good news plus MOU's. Scary to think what might have been. No wonder the BOD aren't buying in, still on the edge of a precipice could go either way is how I see it and you get the feeling the lack of buys from the BOD they aren't convinced either.
Say they have but take a moment here. Oil is crashing and the NS has 9 billion barrels of heavy oil that this IP can supposedly help be extracted at robust rates even in the face of more headwinds that oil may face. Yet none of the companies who are involved in Bentley or even a outside NOC has bid for this IP. Over 2 years since the Well Test. What exactly was the IP that Rupert spoke about because right now it has added zero vale to this company in terms of its Share Price? He didn't even throw it into his presentation that I saw. Enquest reviewed the data they havent bought it as I write this. So factually what is the IP worth because it sure has been promoted as something valuable?
Hard to see how many high cost offshore UKNS o&g projects are going to be incentivized by this Autumn budget to proceed, though hopefully Bentley remains in a relative comfort zone, might give it added attraction. About all the others can hope for is a rapid retrace of the Brent bbl oil price to $100 plus. Did these buffoons in the Treasury give any weight to industry concerns that must have been made to them in the consultation period.
Perhaps once I am older I will learn as you have to be more conceited in my insults.
I know enough about this stock to be relatively happy but I still maintain a healthy scepticism and I have not yet seen what I consider to be a good enough reason but I have no desire to continue to give oxygen to this fruitless debate.
PS - A real sign of maturity would have been to have substantively addressed my points rather than condescend. The witch hunt on here when someone is critical of the company is reminiscent of the behaviour of a cult. Ironically that kind of behaviour has quite a lot more in common with the myopic repetition of the likes of Rowman & Scott.
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