Member Info for dusterinmong

If the market does not put a decent valuation on the company no point in being public this was what AA was saying older did you not get the point he was making mate?

On the point of talking to debt provider better to have this in place months before, you cannot sort this in weeks.

I think it's a very smart comment on waiting from AA

In this environment if oil stays low some companies will go to the wall then we cherry pick them for peanuts??

If that's the game it's a smart one from AA might take a while longer but I see he is in no rush.

New

on the drive point he did day some deals now could be dillutive hence the comment on wait g for the dust to settle.

Gas seems his preferred option mind

Because in the I review you will here AA say if the market cannot put a decent valuation on it. The reason it's public is you can then access debt markets to expand. note the comment on 500 600 mill they could borrow.

You tell me New not sure tbh some of his talking was a bit contradictory as you noted.

My take is he will wait a while and as he said there still making cash do not to bad while decisions are made prob may ju e time when tbis market settles down still the MBO is an option if no deals are worth doing

I THINK you can say no deal will be coming soon he made it clear that he wanted the dust to settle

Also made a point if saying right now a deal could be dillutive

Good to see him say he wants £50 per share

New

Sounds to me he wants southern north sea assets?

Judging from the interview he did say he wants the dust to settle before doing deals imho very prudent so a deal could be at least H2 imho

rookie

He wants more gas not oil that crystal clear to me from the interview

NKOTB

Would be a lot higher than 9 don't you think? if he did

Nice interview I must say just need oil to settle and markets couple of months maybe

6 to 10 years get real pls

Russia says ready for oil prices to drop to $25-$30/b as ruble hits 4-year low

in Oil & Companies News10/03/2020

Russia’s finance ministry hurried to give a reassurance that the national economy could withstand oil prices falling to $25-$30/b after the ruble hit a four-year low against the dollar.

Oil prices plunged around 30% as trading opened in Asia on Monday in response to OPEC and Russia’s failure to reach a deal on production cuts. The drop caused the Russian ruble to fall to 75 to the dollar, the lowest since March 2016.

Despite a public holiday in Russia, the finance ministry released a note Monday, confirming it would sell foreign exchange reserves to mitigate the drop in the oil price and support the ruble.

“These funds are sufficient to cover the shortfall in income from falling oil prices to $25-$30/b for six to 10 years,” the ministry’s press release said.

On Friday, Russia refused to sign a deal with OPEC and its non-OPEC allies on additional production cuts for the rest of 2020 to counter fall in demand caused by the spreading coronavirus.

According to energy minister Alexander Novak, Russia and other producers are free to pump oil at will after the current OPEC, non-OPEC deal expires on April 1.

Russia’s energy ministry and major oil companies have yet to react to the steep fall in prices.

I agree once it passes but how long will it go on and be a drain on profit that's my point.

The Saudis are not going to do it for a few months imho a lot more

Cash is only king if you haven't got to spend most of it on capex , fine if your generating cash to cover it but in a prolonged low oil price it problems for any company if you cannot cover it with generated cash

No idea why the stick am only saying what it seems like no cash generated but il leave it now

Hopefully a better day and cash at 20 a share

So over 20 mill gone in 2 months and no cash generated is my point did we not make any money in the 1st quarter??

Yes I know its $ guys but the spend is worrying and we have 200 mill planned capes tbis year is my point we are 50 mill down in z few months 2 in fact is this a feed profit warning or what

year end update was 370 mill dollars

Now 270 mill GBP

where's it gone???