RE: The only thing wrong...4 Nov 2021 09:24
I think people do realise this though.
But you just see BOTH sides making the extreme argument just to make their point.
Everyone knows you cannot stop the use of oil products overnight.
Most know that there is a need for change.
Most accept it will take time and will be a gradual process and multiple reliable energy sources will be needed.
Many think whatever the rate of change, it will be either too quick, or not quickly enough, that will not change.
The tireless posting by some about 'swampies' being hypocrites because they wear trainers, use mobiles, etc is just as disingenuous and hypocritical as the 'oilers' who presumably never recycle, send all their waste to landfill, always take the most polluting mode of transport wherever they go, buy food with the most food miles possible, etc.
The lack of realism, acceptance of 'another way' to their own thinking (generally a result of greed over their investments), and the need to discredit the 'other side' at every opportunity is the easy option to show 'support'.
And, imo, there is plenty wrong with this company.
I agree that the potential and assets are great, but there have been many, many issues (not all of DB's making, of coourse) over the past 2-3 years, not least delays due to planning and appeals.
This is reflected in the SP/MCAP currently and is not just down to sentiment in O&G. The markets expect delivery on assets, cash generation, signs of progress being made to the so-called 'mid-cap' status we have been told is the goal.
We are a long way from that.
Failure to deliver to the level investors have been led to expect, and in the timeframes given by management is the problem.
We have seen a promising start with current production, but setback after setback needs to be reversed, delivery on the scale suggested will turn sentiment and hopefully see a return for those invested
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