Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I'm actually out of the red for the first time in many years on the rock. Happy days.
I'm not sure about sea lion though, I'd expect sanction to cause PMO to drop a bit (just because that seems to be how the market works!)
He's such an idiot. If you want the price of oil down, manage the comms better. Still all the better for us
It's interesting that they announced after 3pm yesterday that they were considering it and by the next morning had changed their minds. Their shareholders must love the board. Why annoy ce in the first place. They could have just said we had a chat over a coffee and crossiant, then decided against
Probably spooked by their share price dropping 6% yesterday
I'd be surprised if Eutelsat could afford it looking at them but there's nothing wrong with a bidding war look at SKY.
He does seem to be conflicted, very negative and wanting it to drop but whilst saying he needs 140 to get his money back
I was lucky enough to be a new investor, bought at the end of May thinking it was a value proposition, so I've been lucky this time.
I agree, they won't sell catcher, it's their cash cow. It will pay off a large part of the debt and then fund the other projects. I see Sierra are looking to farm out a plot near same, no idea if pmo are interested but it's good to see activity there, gives an indication of what pmo could do later. They need to look at solan and work out why it's a basket case. It must be possible to recover it somehow.
What everybody needs is a stable oil price. It's difficult to sanction a project if you expect the price to vary by so much. Sea lion is viable but if it drops it's not. I hope to see the $70-$80 range become the norm. I don't want to see $100, it'll cause a supply glut and the $40. This is an industry where you can't rely on the "free" market it just causes a boom bust cycle
My long term belief is £2 in 18 months time. I sold 20% back during the collapse from £1.30 and bought some back at 99p. I still have some left in cash waiting for the right moment but if we knew when that was we'd be millionaires
I'd see 99p as an opportunity. If your thinking long term it's a no brainer as long as catcher holds up. Russia and Saudi Arabia want oil above $60. If the act together they can control the market.
I took into account the 40% oil hedges at $58 and by my rough calculation 46 BOE/Day of oil.
The difference to Premier of $70 compare to $75 is only about $50million per year