focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Oil’s looking strong, hopefully EIA numbers will land good and op platform will still be strong when they do. I think we need $65 Brent to break 80p and make the 80’s our new trading range. Be nice for that to happen prior to next Zama update however probably unlikely given this is played to death......
Hearing date tba any day now. Nice summary here with a view on most likely outcome of 50% http://arbitrationblog.kluwerarbitration.com/2018/01/27/rockhopper-vs-italy-weighing-legitimate-expectations-investors-due-diligence-ma-deals/ Is it possible that this may be negotiated as an out of court settlement?
lsetown, I wouldn’t let electric cars bother you too much, electrical infrastructure is generally poor globally and most countries are close to blackout at most times, I doubt we’ll see any major influx of electric vehicles hitting the streets for a good 20 years here in the UK, nowhere to charge them and no spare capacity on grid......
Maybe to suit the sellers needs gtld, maybe chevron want a straight forward one hit sale and don’t want to chop the assets up, under such circumstances though I believe some value will be lost in this process as the deal will have to absorb additional legal costs and the intermediate owners chunk etc. We are in a priveliged position though with our tax position. Personally I’d like to see PMO come out with a statement to say they’re not pursuing this and wish to focus on Zama and SL. However if the the deal is too good to turn down then hats off to TD and any additional revenue this will generate......
Someone’s confident buying £300k worth, delayed trade.....
2.3m sold vs 5.4m bought. Is there any other explanation for this? Not numbers I really look at regularly but seems odd....
TR61 As you say a lot of positives have happened, so why are you shouting for TD to be sacked when he’s raised this from the ashes? He can’t be held responsible for market manipulation unfortunately.
Agreed Mrd, isn’t this silly season where everyone runs flat out to build for driving season/summer outages?
Brent seems to be recovering a bit, wonder if positive EIA numbers are due later today....
Mrd, It’s not volatile enough to trade at the moment I don’t think, unless the sums being traded are significant enough to make a return on the 2p swings, but then you’d probably need a crystal ball anyhow and big kahoonas. I sold out the night before TU and bought back in on the day of it having only sacrificed 100 shares in the process but feel I may have dodged a substantial drop had the update been negative, so happy with that. If events unfold as expected I’m here until mid-year I think, then I’ll re-assess then. Concerns are how the market reacts towards any progress on SL FID/Sanction, however I’m covered with the gains I’ll make in RKH with that, and ofcourse poo which I think is going to see a steady controlled rise with an average of $68-$70 over the year..... Am I on the right track? Who knows......
EIA numbers tomorrow, if oil can make a reasonable gain and numbers are good hoping see $65 Brent by end of week. Anyone’s thoughts on this and any other factors that would hamper op performance? Be nice to see this break 80p again ahead of next Zama news, whenever that may be......
Dbno, just looks like a wiggly worm to me!
If we can get OM & Egypt news out of the way and oil $70+ prior to SL FID & Sanction I’ll be a happy man. Say events unfold in this manner and OM/Egypt is positive this should give us the perfect platform for this to leap from. That said I haven’t averaged down here yet, needing cash fluid for a bit longer due to “other things”. GLA
Members, Because at these levels I think it would be too hard to ignore with Brent above that and steady, still a bit of downside potential in poo at the moment which maybe puts people off buying. 100p by end of Q1 with Brent steady late 60’s early 70’s is my gut feeling......
I think this will fly once oil crosses and sustains >$65