Member Info for confluence

@Baronbog, you are playing mind games - analogous to framing questions like - what matter it is to live? - because you are going to die young or old, what does it matter to you that others might live a longer life. 😜 Great stuff 😂

Hanging in, now that the penny share is worth so little - there literally is no point selling on rumors and suspicions.

Only logical approach is to wait for any news - trouble is - SP goes down on no news, SP goes down on good news. I really don't know what happens to the SP if there is any bad news because there has been o bad news in the last 6 months! lol

GLA and DYOR.

@oilheadgame - all relative really - I have a substantial holding nonetheless.

@Carrots but surely a speculation around a possible bid would lead to an SP rise rather than drop?

“Whilst drilling into Basement, a fracture zone was encountered, which yielded elevated helium readings at the top of the Basement..”

I am a simple man but is this not jackpot territory?

LTH - averaged down SP 72P.

I contacted PFC investor relations regarding the alarming drop in SP for no new reason. No response.

So who is selling? Makes no sense.

But what can one do - selling for no reason other than acting like a sheep; makes no sense.

Sensible option is to wait for trading update but PFC should treat their investors better.

GLA

@poker chips borrowing to buy is well, investing.

Selling large amount of shares all of a sudden on the market and betting on a share price drop at the same time (😉 ) is market manipulation and as you close your short and buy the shares back ( 😉)market manipulation for low to mid cap companies.

@dannycat, you can be humble if you like, but if people made as you say millions, then others lost millions and for apparently no good reason ( no news etc) - crashed the share price, introduced uncertainty etc. I am well invested here - I could sell all in one go while shorting, then buy back at lower price. Just doesn't seem just.

Maybe the TenneT contracts are not immune to the sector’s challenges and hence the effect on confidence and the PFC SP of late, ant thoughts on this?

https://amp.theguardian.com/environment/2023/nov/01/rsted-cancels-two-us-offshore-windfarm-projects-at-33bn-cost

@onwards, not sure about it at all, sure we'll see tomorrow....

@Danuk, I just cant find anything to suggest something new afoot, can anybody? And I wonder are those "sales" really just uncrossed trades......

Early days but with interest rates holding then the debt becomes manageable. The SP drop is related to a number of factors etc but primarily IMO it is related to PFC bonds and the increase on the interest rate on these to fund PFC debt and costs as the alternative is an equity raise. So it’s all tight enough but that’s half the equation. The other half of course are the contracts and a period of growth for the company. Fortune favours the brave and as always DYOR but no doggy woofing this am with the 5% rise, wonder why ? L😆

Beware of the woof, seems to appear on boards wherever he thinks he can manipulate the SP lower. As if 😂.

The tide turns and if I had more I would catch the wave, GLA.

@Dogger69, you predicted a “blood bath” today. 😂

Wrong again, I say. GLA.

Why oil is BACK 😂

https://www.thetimes.co.uk/article/why-big-oil-is-back-and-what-it-means-for-net-zero-n8qs65krb

Read the RNSs so far -

25/09/23

“The whole process from spud to completion of logs and initial analyses is expected to take approximately four weeks, after which the Company will make a further announcement.” 28 days

“on Wednesday 4th October, the Predator 220 drilling rig suffered a component failure.”

“As of 16:00 hrs EAT (14:00 hrs BST) on Sunday 14th October, the Predator 220 drilling rig recommenced drilling.”

Today 27/10/23 ( 32 days later)

Minus 10 lost days ( we are at day 22)

So we are at day 22 out of day 28.

I don’t expect an RNS until mid next week.

GLA

@colonpolyp, might I suggest you take that scope out of your b*hind and put it to the floor. I fear that a kind anaesthetist has administered you too much nitrogen and it has left you woozy. I suggest you find a telescope and look to the stars and once done breathe the noble air which might, just might make your voice squeaky. GLA and to you too adenoma, for we shall set out alarms for 7AM tomorrow. 😂

Pipe down, lads and lassies - the only Helium on show so far is this very message board. I never read so many posts with so little to say. It certainly is a squeaky bum time and hopefully later a squeaky voice or two around the corner. Anyhow GLA.

Https://www.energyvoice.com/oilandgas/north-sea/decom/539613/petrofac-awarded-multi-million-pound-north-sea-decommissioning-contract-by-saipem/