RE: Will the Market allow time for shorts to transition22 Dec 2023 07:08
Nice
Cutting through the usual nonsense from the pros who got locked out because they were flipping for pennies rather than accumulating all year at 220s like moi:
One of the World's richest men, Carlos Slim recently bought 5.1% of the company
They just made a significant gas discovery in Indonesia
The appalling hedge on gas ends in 10 days time
This epic deal makes them a genuine top tier player in the O&G sector
It also drastically reduces exposure to the UK govt dikheads
The already terrific dividend has been nudged higher with the promise of more to come
Middle Eastern activities could send a rocket up the butt of both O&G prices at any time
Trading opportunities will abound because of the volume but IMO, opportunities for a big, ongoing dividend in a rapidly growing cashcow in what I think will be 2024's hottest sector is one you need to be accumulating with a 2-3 year timeframe to squeeze the max out of this.
Super exciting.