Member Info for CitizenTS

Gozziesky - a post says good community spirit in the UK an another warns against downloading Russian malware that preys on Corona virus concerns.
Why would that offend you? Why would you assume it even has anything to do with you?
Vlad's gang is up to mischief on here, doesn't like western energy self-sufficiency etc.
Gozziesky - just another St Petersburg troll guys.

Fyi guys, don't download Covid maps
https://www.scmagazine.com/home/security-news/news-archive/coronavirus/russian-cybercrime-forums-seen-selling-malware-sabotaged-covid-19-map/

https://www.cambridge-news.co.uk/news/cambridge-news/community-responds-corona-virus-outbreak-17921676

As you said the other day, your wonderful guys'll just shoot anyone ill. Better stay healthy!

As you said the other day, your wonderful guys'll just shoot anyone ill. Better stay healthy!

Hey Gozziesky, Tropsky bars still open in St Petersburg?

Such noble sentiments from the trolls!

8.30 shift start eh (St Petersburg time)?

... and fyi one perfect possible scenario with things set up as they are that PMO survives in the hands of lenders (though not really with current shareholders) whilst RKH just continues with no dilution to see the project through after prices recover later in the year.
And another is that PMO pulls through anyway.

Hmmm, I think your stating Vlad Putin's narrative. If it needs saying, what's actually amazing here is the incessant trolls with their invented back stories. Ralphsky, Gozziesky, Oliesky 22tmfsky, goddersky and a few more are all St Petersburg trolls sent to derail one small cog of Western energy self sufficiency.
You see Vlad's gang don't like it, just as they don't like shale oil and want Nord 2 etc. Amazed you would connect the dots so obviously on here. But S'pose it's just front of mind, and guess you're also in Vlad's gang.
Not sure I expect any response, though maybe I'll be drowned with a surge of irrelevant troll chat. We'll see

See below from FT Alphaville quoting Stifel Nicholas analyst - Premier worth saving even if it's at 10 or 20p.
We'll see what Vlad's St Petersburg trolls make of it. Gozzieski, Kurganski and Olieski have prob been out round the Nevski Prospekt last few days. Bonuses to come as Vlad's not been keen on Western energy self sufficiency for a long time. See what happens summer/autumn.
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Here’s Stifel:
Premier is a good business worth saving, and the current management team were doing all the right things with the BP/Dana acquisition + rights issue. The oil price war comes at exactly the wrong moment. Stewarding the business through the next few months will likely be extremely challenging and we downgrade our rating to Hold, although expect significant volatility in the months ahead.

Premier does not face an imminent liquidity crisis if its debt maturity is pushed to 2023 (from 2021) by the Scottish Court’s approval of its Scheme of Arrangement, expected shortly after March 17th. However should the Scottish Court reject the Scheme we think Premier would face a liquidity crunch in 2021 (YE20E ND/EBITDA >5x) in which a debt-for-equity conversion could effectively zero current shareholders.

Given no imminent liquidity crisis, we think shareholders may well vote against the BP/Dana asset acquisition because the deal is now extremely dilutive ($500M equity likely injected at 15p/shr would triple the share count). The shareholder vote is expected to take place in late Q1/early Q2.

Voting ‘no’ is a very risky strategy: If shareholders vote against the deal they should expect that if nothing in the macro picture changes they would get zero: this is because we would expect creditors to demand Premier issues rights even without an accompanying asset deal. Creditors may be able to force this because Premier would likely breach its 3x ND/EBITDA covenant.

Deferring a vote would buy some time for Saudi and Russia to come back to the negotiating table and stabilise/boost the oil price. Premier has ruled out renegotiating the deal with BP and Dana but if shareholders won’t vote for it in its current form it may be possible to do so, we think.

20-33p/shr of NAV if equity injected at these levels: We see extremely limited demand among Premier shareholders to fund $500M of equity in this highly uncertain environment. We’d suggest the clearing price would likely be in the range 10-20p/shr. If we assume equity is injected at 10p/shr we derive a NAV of 20p/shr, and if it’s 20p, we arrive at 33p/shr

CMO?

What's up with saying Vlad's a t*sser? It's a joke - at the expense of your bonus. Sorry about that, really am.
Nostrovia

that was t*sser

and fyi ... Vlad's a ******

I guess longer than if you were in Riyadh. S'pose that's the bet

Yeh, I know. How long can they pay you for at $35 a barrel?

Hey Gozzie, tell me, what's it like in St Petersburg?

cont from previous post/...
While these autocratic nations claim they are merely supplying legitimate infrastructure demands, the reality is they are exporting their own economic imbalances — such as industrial overcapacity and excess labour — and, in some cases, have converted their loan portfolio and economic inroads into military access, technology theft or diplomatic influence.
Russia is using energy to bend other nations to its geopolitical will, particularly in Europe Equally concerning, Russia is using energy to bend other nations to its geopolitical will, particularly in Europe. In Europe, as much as anywhere in the world, energy security is national security — and energy security depends on energy diversity. The fact remains that many European countries remain dependent on Russian gas to meet their growing energy demands. This energy dependence remains as Russia continuously disregards international rules and norms, such as recognising the sovereignty of its commercial partners, including Ukraine, Poland and Georgia.
This year, the US International Development Finance Corporation was launched. DFC modernises and expands our nation’s development finance tools. DFC was created through bipartisan legislation that highlighted development finance as a critical tool of American foreign policy.
The agency offers a strong alternative to state-directed financing models by emphasising private-sector development leading to financially sustainable projects that respect transparency, sovereignty, high standards and rule of law. Congress recently directed DFC to invest in energy projects that can ensure Europe and Eurasia are energy-independent and secure.
The US Department of Energy has created new efforts such as the Partnership for Transatlantic Energy Cooperation to support the Three Seas Initiative — a forum set up by Poland and Croatia to promote central European integration — by developing new and improved tools for nations to protect their citizens from abdicating control of their critical infrastructure and diversifying their energy supply, an effort that further bolsters our collective security.
Nations across the globe, including our European allies and partners, can depend on the US as a good-faith partner. The Trump administration has strengthened transatlantic co-operation on the ground, and we are proud that energy stands squarely at the centre of these efforts.
The combined efforts of DFC and the US DoE will pave the way for energy infrastructure projects in Europe and Eurasia that advance energy security and diversify the energy supplies of our allies across the region. International economic co-operation and foreign direct investment can and should serve as a force for good in the world, and succeeds when these investments adhere to high standards.

Dan Brouillette is the US secretary of energy and Adam Boehler is CEO of the US International Development Finance Corporation

Think this means US Adminstrtn would be keen on FI oil getting done.
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See https://www.ft.com/content/8450fc56-5708-11ea-a528-dd0f971febbc

Opinion The Commodities Note
Add to myFT
US offers allies energy investment without strings attached
Washington provides an alternative to state-led financing from Beijing and Moscow

Dan Brouillette and Adam Boehler 25 February 2020

Dan Brouillette is the US secretary of energy and Adam Boehler is CEO of the US International Development Finance Corporation

Access to affordable, reliable energy is critical to secure the strength and prosperity of any nation. In the US, a period of unprecedented oil and gas discovery and production has delivered on the long-held national goal of energy security. However, America’s new position as a net energy exporter not only strengthens our national security but enables us to support the energy security of allies around the world.
America’s European allies today face a vastly different energy outlook — one that leaves them more vulnerable to supply disruptions, price swings and energy dependence. Europe imports 90 per cent of its oil and 70 per cent of the natural gas it consumes and this state of dependence is likely to grow in the coming years owing to a rising population and policies seeking to replace coal-fired energy production with natural gas and renewables.
An effective solution will require increased investment in energy and the other critical infrastructure necessary for modern economies. But all investment is not created equal and investment that results in heavy debt or neglects international standards on transparency and rule of law can weaken a nation’s sovereignty. State-led investments from autocratic regimes have in recent years weakened the sovereignty of many countries, spanning Sri Lanka to Angola, by causing them to cede control of key ports, technology or natural resources.
The world is continuing to learn hard lessons from the economic predation of autocratic nations, such as China. And yet significant threats remain, as Beijing pushes its massive state-directed investments in capitals around the world. Given the many strings that come with such initiatives, this influx of investment threatens to erode bedrock foundations of good governance, liberal markets and the national heritage of countries, beginning with critical infrastructure and irreplaceable resources.
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