Predator Oil Share Price (PRD)

time to find a bargain in the sector
15/08/2020
https://tinyurl.com/yx9udswx

I made a good pile out of BPC years ago when the real ramp was ongoing. Thanks for your efforts but it is no longer worth a punt with my cash.

You were doing OK there, then you just had to go and spoil yourself..

Good morning all. The Trinidad and Tobago election was on Monday 10/8. It was a close result and as I type, a recount is in progress. (refer to various local news sites) The PNM party are expected to win. A key pledge in its election manifesto is to create jobs and to…. ‘increase the threshold for the imposition of the SPT for small onshore oil producers to $75 per barrel for fiscal years 2021 and 2022 in the first instance.’ Source: official PNM party website https://pnmtt.live/manifesto/recovery-and-the-way-forward-for-the-next-5-years/energy-industries/ (BTW, I think the music on the home page is quite cool…a sort of calypso reggae combo!)

A punitive SPT tax rate currently kicks in when PoO is $50/b. Assuming the election promise is kept, the threshold will be increased to $75 in just over 4 months. This is good news for BPC as it plans to expand operations and revenue in the region. And good news for PRD.

One polite request: it is pointless that some PRD posters bombard the BPC forum with reasons the BPC BoD should accept the PRD $1.75m offer. We are not the BoD to make this decision.

I wish you all the best with PRD. I may even have a long-term flutter at a lower price.

Starchild
(From BPC/CERP BBs)
xxx

Hmm, just noticed the time,...that should read, - Been increasing here "yesterday"myself -.

BW