RE: Price vs Value1 Mar 2022 09:04
As always Dick said it much better than I ever could.
My original point was if the UK and EU are pushing for more home produced oil and gas (which they obviously are) then JOG is suddenly in a very strong position. It is very possible that the oil and gas coming from Russia may suddenly stop and if that happens the oil that JOG owns will be even more valuable than it already is.
Common sense tells me that unless something very unexpected happens in Russia (decapitation) resulting in a full withdrawal and peace talks, then even the worst management team can make money here.
Also possibly related, BP and Shell are suddenly looking elsewhere for partnerships given their pulling out of Russian companies.