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No chance of any bid with so many shares held by captive investors. The price to be paid to overcome these obstacles would be unsustainable , unless 100 dollars for oil, but then that puts the bid price up anyway. Cant see it personally.
Anyone know how many of the unwanted creditor shares have been off loaded to date since April 1, and what the balance is, if any. I think the total was 3bn, so no small task. Enlightenment, appreciated. NF who has been following trades daily, might know ?
Morning Potty, we will know when we have cracked it when you announce you have swapped out the asti and blue nun for krug and chateaux laffite. Hope this is not too long, trading update day at end of June perhaps ?
Big Oil Hikes Dividends After Blowout Quarter
By Alex Kimani - May 03, 2021, 7:00 PM CDT
Crude oil futures have rallied to their highest finish in six weeks, days after OPEC+ stuck with plans to gradually ease production curbs, signaling confidence in the demand outlook. The optimism has coincided with a breakout season for the S&P 500, with the Energy Sector (XLE) being particularly impressive.
Indeed, Credit Suisse has issued an upgrade for the entire market, boosting its 2021 S&P target to 4,600 from 4,300 points, good for 10% upside from the current levels and a 24.3% gain for the full year. The analysts have also hiked their 2021 EPS to $200 from $185 and 2022 to $215 from $210, even after factoring in a 4-5% hit on 2022 earnings due to an expected tax hike.