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Starchild
It is an opinion and therefore hard to prove, but the way that you post certainly suggests to me, and I would imagine to many others, that you are trying to, and indeed think you can, influence sentiment in this share. And that, I think, is and has been your mistake. You should continually be asking yourself if CEG is a good share to be in and whether this is a good time to be in it. Instead you seem to be pre-occupied with continually persuading others (and yourself?) that CEG is a good share to be in and that this is a good time to be in it. My point is that even if you are to any extent successful in this, it will not really affect the outcome here. It does not change the nature of CEG, namely its assets and the people running it. And I would argue that because you are preoccupied with this cheerleading exercise, you keep missing red flags.
You need to take a hard, objective look at the horse you are backing.
Rossannan: you allegation is offensive and implies manipulation on my part. PROVE what you state applies to me
Starchild
Starchild
“the posters who think that their posts can somehow make that anticipation happen”
That’s you, that is.
Flash correction to my last post in case it effects CEG’s SP at 0800am Monday based on a rare research error on my part.
I can’t believe it’s not butter, although a margarine, is not made from crude oil chemicals………. It’s made from vegetable oils………..such as coconuts.
I trust this post avoided you making a catastrophic trading decision to double your CEG holdings. DYOR, but perhaps wait until the Saffron result this week until doing so.
Have a nice Saturday. GLA
Starchild
Although our focus is currently on the Saffron 2 result, let’s not forget the potential interest in a Bahamas farm-in.
Refer to https://oilprice.com/Energy/Energy-General/Its-Too-Late-To-Avoid-A-Major-Oil-Supply-Crisis.html as It puts forward some interesting opinions shared by other experts. I quote key points:
• ‘The level of drilling and by extension capital investment [by majors] is insufficient and has been for a number of years to sustain oil production at current levels’
• ‘[Super-Majors are] all prime targets of the anti-oil movement, have reduced their capital allocation toward petroleum, exited businesses or converted petroleum assets like refineries to renewables, and sold assets that a few years ago might have contributed to oil and gas inventories.’
• ‘As the well inventory ages, production rates will decline, and without new wells to replace them, the overall output must go down’
• [At $70+ PoO] Drilling will likely increase, no doubt. But the industry has changed in the last couple of years and the ability to field 1,100+ rigs, and 450 frac spreads just isn't there. Thanks to capital restraint, billions of dollars of equipment have been written down and scrapped. Employees have found new careers, and are reluctant to return given the turmoil in the industry.
• ‘Planned investment in oil supply globally falls about $600B short of what will be needed to meet projected demand by 2030’
My take: The majors have NOT experienced a collective epiphany and decided never to drill for new offshore mega targets again. I’m 100% in favour of green energy but the world needs oil for chemicals, fertilizer, clothes, and plastics. I’m not aware of any tech that can provide these using solar panels. I can’t believe margarines such as ‘I can’t believe it’s not butter’, can be produced with wind turbines.
Key points: Subject to gov license renewal and the Percy-1 autopsy, I have made arguments over the last few days in 4 connected posts, how and why majors could benefit from a CEG farm-in. Or at least seduce them into the CEG/Gneiss data room. IMO, the above article reinforces the case. Last time a major did so in 2018, the MCap hit £156m (= c20p SP today). And this was without ex-CERP assets’ potential or PoO plausibly hitting $100b+. Refer to https://www.lse.co.uk/profiles/starchild/ for this research.
DYOR. GLA.
Starchild
PS Thebhoys: Respectfully, the ‘size of my coconuts’ ie wealth or lack-thereof, is my business. I note you still hold CEG shares. So do I, approaching 5m as four separate but interconnected virtual investments. Why attack a fellow shareholder with snide comments, repeatedly doubting my motives and integrity? Is it not like having a bad day in the office and taking it out on your family? I believe this link is applicable: https://www.youtube.com/watch?v=olGim6tf6tc&t=42s Have a nice day.