Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Nice to see this breached. Pension funds are doing their clients no favours by the posturing over oil.
Given all the chat in the press today about the fact that low fuel bills, conversion to a green economy and security of gas supply are not mutually compatible and that the UK only contributes to about 1% of global emissions - there are going to have to be some grown up conversations with a dash of realism.
At this point, recognising fossil fuel companies are part of the answer, not the enemy, hopefully funds and institutions will be forced to reconsider their ESG policies to reflect economic reality rather than continue the green illusion to the cost of their members.
Despite a few doom and gloom posters and non-investors who pop onto this bb.
Many investors have been upbeat ....looking forward to the 2000p+ range & quarterly dividends.
ATB
1.ARMANI As a patient shareholder I’m delighted to see £18 again generated over relatively short surge
Thanks to Boyobach and Neversellshell22 on this board too for their consistent technically well thought out and supportive analysis
Hi Barrieprov
I certainly wouldn't argue with anything you've mentioned.
ATB
If Brent holds firm or marches on as some ‘experts’ believe, then mid term SP growth will follow….. To £20 again…. Why not?
https://www.reuters.com/business/energy/shell-hand-over-deer-park-refinery-pemex-next-week-sources-2022-01-13/
Shell to hand over Deer Park refinery to Pemex next week - sources
MEXICO CITY, Jan 13 (Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.
Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels per day (bpd), to Pemex (PEMX.UL), its long-time partner in the plant, for about $596 million.
"Next Thursday, the payment and transfer of the asset will happen," said a Pemex source, who spoke on condition of anonymity. "The refinery will then be operated directly by Pemex". read more
Pemex has reached an agreement with personnel already working in the refinery, the source added.
The operators would be the same to guarantee stability, but they would no longer be working for Shell, the source said.
A Pemex delegation, including Chief Executive Officer Octavio Romero, will travel to Texas to finalize the deal on Thursday, a second source added.
Pemex did not immediately respond to a request for comment and a Shell spokesman did not immediately confirm the delivery date.
A third source close to the talks said there are still final transition activities pending, but added that he expected the deal to complete in the next few days.
Mexican Energy Minister Rocio Nahle did not confirm the Jan. 20 date in an interview with local television network Milenio, saying the timing of the process was being managed between Shell and Pemex.
"It is very risky to give a date ... but this process is already underway," Nahle said. "Hopefully soon."
Conversations had accelerated in recent days in order to complete the entire purchase operation before Feb. 1, the third source said.
Neither Shell nor Pemex have detailed what volumes of refined product Mexico will receive from the Texas plant nor how much crude it will be able to supply from now on.