RE: FOTH15 Oct 2020 17:47
qwerty, where am I ramping? I've said I am not invested, I've pointed out plenty of risks/issues and provided quite a balanced debate. A ramper I am not. If you want a ramper, then go look at Tymers. I'm not here pounding my chest and crying "buy UKOG, its going to the moon". But conversely, all I see is negativity from you, and if you have sold out, why are you still here? Are you trying to get in at a lower trading point? Or is it a CFD style short bet? or do you have environment concerns?
I have significant concerns about the environment myself, for CO2 emissions, for unethical slave labour, for child poverty and many other things. But one thing I do know; the UK oil and gas sector is one of the most strictly regulated industries in the world, there are no major oil spills that I can recall in the last 10 years, there is no slave labour (oil industry pays well in the UK), there are world class health and safety measures. Compare that to some places in Africa where the oilers have very poor H&S, poor regulations, a history of very low paid workers, oil spills galore and a general lack of any commitment to the local society.
I would back UK O&G production over anything in the developing world. I say that to uphold my belief that such a commodity should be produced ethically, safely and at the right cost for the market it is serving.
And before you ask, I do drive a hybrid car and am a huge cycling fan.
There, is that enough for you to get an understanding of where I am from. But the fact remains, I'm only here as a discussion board with a view to assessing whether I can make a 20% return in the near term. If I do invest, and if I do make a small profit (big IF's), then I'll not then hang around on here making countless posts about a company that no longer has any appeal to me from a trading PERSPECTIVE.