for oil so i certainly wouldn't be selling up today. I wouldn't be topping up either as there's no indication it might not fall further. like most shares out there, when the going gets tough you need to forget the stocks for a while and go enjoy the snow. Oil will turn around eventually, just needs patience i think.
"" ...Chevron announced Wednesday it will work with BP and ConocoPhillips Company to explore and appraise 24 jointly-held offshore leases in the northwest portion of the deepwater Gulf of Mexico.
By collaborating across several prospects and discoveries, and incorporating the technologies and experience of the three companies, we expect to develop these fields in the most cost effective way and shorten the time to final investment decision and first production....""
One of these years we'll get a similar RNS for BresBent .... But how many PI's will be left ........ ??
yep, imo many p/i's will be in the same boat having listened to CLC in 2010/11 the value, production or no production remains completely in the toilet. With the BoD bailing in part at 3.80 range then, failing to fund, despite their likely paper losses at the current sp with all the delay sure most would after all this time vote for a sell off of the company. Management's had it's time, pass the baton to someone else who can sustain this 50 years production run, starting in 2018. Jmo.
I sold up completely at £1.25 on 27th March 2013 and its not been back there since. I started to buy back in last year and have an average of 70p which didnt look too bad not long ago. My mate has around 45000 shares with an average around a pound (ouch)
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