The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I think the predators are circling to acquire us. There appears to be a lot of consolidation going on in Clearwater.
Are you sure they’re buys?
Tony
Thanks for your thoughts. Much appreciated.
The political stability and low costs of extraction must add to our attractiveness.
I didn’t realise we were organic oil producers. Happy oil is great!
Tony
Who do you think might be interested in acquiring us? Are there any likely suitors operating in the areas or do you a new Co might come in?
Yes WTI nearly $79 a barrel. Very nice!
One a Buffets main metrics for investing in a company is good management. As a result he wouldn’t touch I3 with a barge pole.
Some nice early buying this morning. Do some know something?? Whispers about a take-over abound.
I see XKudu has suddenly turned positive on Advfn and thinks there could be some positive news about to break.
Stas
I did copy and paste the whole post but the bottom bit didn’t show for some reason.
Thanks Tony
Here is the post referred to by 1Knocker. Slightly concerning when you view objectively.
“Delay producing accounts beyond a date on which the shareholders and market have been told they will be produced without any deferred date being announced is obviously a matter of concern.
If the previous CFO was working until he resigned, or the accounts department was operating effectively despite his illness (as one would hope) even if he himself was not doing much work, the accounts should have been about ready by the date of his resignation. If that was the case, and there was no reason to doubt the skill and integrity of the previous CFO and his department, it should not have taken his successor long to satisfy himself that the work done on the accounts to the date of his appointment was in order and to complete the accounts. The accounts department should have been working to the announced March date and the preparaton of the accounts should have been a straightforward, routine, matter which the illness of the CFO should not much have delayed, provided that the primary accounting records were in order.
A delay of over 6 weeks now, without any new date being announced, is unusual. The explanation could be that the primary accounting records are not in proper order and need to be sorted out and checked before any accounts can be produced. That would be a matter for serious concern. Another explanation could be that there have been accounting irregularities, the chickens came home to roost, and that was the cause of the breakdown of the health of the previous CFO. That would be a cause for very serious concern. The longer the delay without a new date being announced, the greater the legitimate concern.
The ultimate red flag though is the departure of the CFO combined with a delay of the accounts and the RESIGNATION of the auditors. That suggests that irregularities have been discovered which extend to the accounts for previous years which the auditors HAVE signed off, the wool having been pulled over their eyes, Think SNP !!”
I think Metro will go bust soon. I can foresee a run on them in next 2 weeks.
Great Q1 results. We couldn’t really ask more than that.
Edit. Got pubs on my mind. Challenger Banks I meant.
Yes, I’ve also heard that from guys down the pub in the City. These smaller challenger pub are spooking many customers who are leaving them to deposit money with the larger more established banks like Barclays, NW and HSBC. It could be the start of a bit of a boom time for the more stable less fashionable banks. Good stuff.
Great post Tony.
Probably someone off-loading for tax year purposes.
The opec cut in production will cause a big increase in oil price tomorrow.
The Reducer
I notice you’re on your A Game when looking back and quoting stuff that has already happened.