George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Brent low point was April 2020 of 16 USD. Feb 2021, 59.50 USD. Another 4.50 USD rise and that is a 400% rise. This will filter through in terms of new contracts.....
Irritating thing about our BOD is they periodically sink the SP by some shocker RNS, then they come out with a positive RNS Andy the damage has already been done. Still, I bet HUR BOD were bind sided by SA production cut and POO at 60 USD by FEB 2021!!!!
What do ratings agencies, analysts in the city and BB posters have in common? Most of them are hindsight merchants.
Miles - reading your posts, you raise good points, but you come across as an intelligent gentle and oh so subtle deramper. Having predicted a 1000% increase in SP in 3 years....in January, forgive me for suspecting motives!
PS - we would need a reserves upgrade to be valued at the equivalent.....so all eyes on the CPR...and Brent ....
Oil and gas explorer EnQuest is acquiring Suncor Energy UK’s 26.69% non-operated equity interest in the Golden Eagle area, comprising the producing Golden Eagle, Peregrine and Solitaire fields in the North Sea for an initial $325 million.
325m USD...for 10ks a day.....and 18m 2p. shows how undervalued HUR is. ENQ deliberately made purchase to use up their tax losses.....DYOR.
Slift has been giving great research here, but trolling the HUR BB. Give it a rest Slift on HUR
Continued
The remit of the SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples company and puts 15,000 people out of work leaving Oil services with no support"
Feb is going to be an interesting month.
Armchair investors Stateside have bloodied the noses of short sellers.
If we see this occur here then we can expect a HUGE re-rating with immediate effect.
Without it, I still expect to see a steady climb to from whence we fell on 15th January (£1.70)
The stock was building momentum at that point and heading to £2.00
We have UK Tech week 16th - 18th Feb
Oil and Gas conference 18th - 19th Feb
Both of these alone will generate interest and very likely improved share price.
Results are scheduled for 24th Feb and it will be first time for Sami as CEO to captain.
In August 2017 the SFO started investigation into BAT (British American Tobacco)
Earlier this month they announced the investigation was closed as they could not offer evidence to support a realistic prospect of conviction.
The SFO have their fall guys from PFC and on the 11th February will see David convicted. That will in essence draw a line under those part of the investigations
Pay your money, take your side.
All i see is an overwhelming compelling argument to buy as many PFC shares as one can afford. To me this is a no brainer.
Whites 123 post
Not sure how many of you call and speak to IR or anyone else at PFC.
I generally call them a couple of times a year just for a "Catch up".
I read someone saying they could have to raise funds to pay any fine... LOL...
Sorry, that isnt going to happen.
But what is on the table is some high power meetings to try and sort this mess out without any liability being accepted.
Sami had only held his position for 2 weeks when the latest SFO announcement hit, and it landed on their desks at 4.30pm on Thursday.
Sami was scheduled to be flying out to UAE that very evening and was going through customs when it landed.
They knew they had to respond and they did so.
Suddenly the agenda for his visit was changed from "Business" to ensure shareholders were onside..
The SFO threw a curveball.
Shareholders are resilient though and this is demonstrated by the fact there have been no reduction in disclosable interest.
The only changes have been in short sold positions, and until this week that was to increase shorts.
As for comments regards doing business with PFC, again to suggest that companies are holding back is to be frank, quite laughable.
Tenders for contracts have grown despite the economic slowdown and secured revenue is just 200 Million below comparative pre-covid times.
Covid has been the factor the world has had to deal with and consider the average oil price for 2020 was just a few cents above $40 per barrel.
As we enter 2021 with vaccines and industry clambering to get going again we currently sit with an average price of oil thus far at above $51 per barrel.
Sami has intimated he is willing and ready to speak to the SFO.
He has even intimated that PFC may be willing to find a way to closure by accepting a fine with no liability.
The SFO will this month succeed in seeing David Lufkin sentenced and off to do some bird.
This alone will draw one line under the situation, and there is expected to be no surprises as it is widely believed that the sentence has been agreed and the hands up to 3 further charges earlier this month were to allow SFO to close those lines of enquiry.
Petrofac in the meantime carry on winning Multi Billion $ contracts and the news this week from Ineos / PFC confirms that their relationships are strong.
The SP was hammered when the SFO investigation broke 4 years ago.
Since then the SP has been hammered again and again on the same news, to suggest its "New news" each time it runs to print.
The SFO average investigation time is 4 years 7 months, so you can see that the investigation thus far has not even reached the average time.
The sum of parts does not reflect the true story, what we are seeing is fear and more fear being peddled and armchair investors accepting this as gospel. The remit of SFO is not to bankrupt a company, and chatter again of fines that will see the demise of PFC are ludicrous.. Headlines: "SFO complete investigation and hand out fine that cripples
Nothing to do with PFC. Many brokers are simply tightening up how extensively they allow puts and call options for risk management purposes linked to the AMC and GME sagas due to high volatility. Zero connection to PFC....
Slift, you seem to be taking perverse pleasure in others' misfortune . You used to produce great and detailed research. Don't forget , some have seen their Sipps and ISAs decimated here...show some respect. I don't mind realistic analysis, but drop the sarcasm pls.
Onlympossible upside the SFO case closing?
Oil price....upside
New contracts pipeline
Diversification into servicing renewables
Shorts closing
There are four further upside catalysts ...
Https://wwd.com/business-news/technology/ted-baker-instagram-checkout-1234716430-1234716430/
26 Jan article. If it works for BOO, etc.!
We dont know, hence the sp
Can you give a link?
The related issue is EV, enterprise value. Tlw , PMO with their huge debt even with low mkt cap have high EV due to debt. Pfc add mkt cap to debt, tiny valuation relative to turnover
Kaboom. You are often shorting oil stocks and posting negative doom mongering.....
Appreciate you posting as good to have a CMC perspective.
Not surprising that the CMC industry doesnt think this will pass as the CMCs will get significantly less money per case.
There might be further negotiations, more money that gets put in the pot, etc. But the outcome for customers, equity and bonds if no SoA is clear. ****eorbust as they say. It's the black or white nature ...SoA or administration that makes amgo likely to survive...if the government wants to maintain access to finance for the financially excluded.
Blind. I am long amgo with reduced exposure. Like and appreciated your posts.
Spoofing is illegal and we should complain to the FCA about this shorting firm