RE: Ruth is on the ball31 Aug 2022 16:05
There's no need to shout Ells, take a deep breath.
I haven't been re ramping anything since 2017. Having been in this since way before that i've been in and out and held to my detriment.
Now - being honest and being negative by nature are 2 different things.
The Russian situation is very much dictating the global oil and gas and therefore power market now doubt, totally agree.
The west and Europe especially should be ashamed of themselves for letting this happen, for hoovering up Russian gas like a crack addict.
The UK have been asleep at the wheel and have flagrantly squandered opportunities to develop more UK assets mostly offshore where the big pockets are.
This has nothing to do with the fact that SS and his bunch have continually lied to their investors and the market. Oversold their hand, diluted this share to almost extinction and continue to pursue pie im the sky projects they're totally incapable of pulling off - ah la the POrtland tank storage and Hydrogen project at least 4 years away and at least £1 billion in costs.
They've made a complete embarassment of themselves at BB. Oversold HH (look at RNS in Feb 2016 and compare it to the 60barrells a day reality) and still pump the share to death.
So - once more, as a reminder quoted from the CEO:
National significance
Transformational
In the Bahamas at $ 70 per barrel
Train is about to leave the station
surface oil shows
Not 1 significant HC producting asset. Not 1.
Oh and Geothermal energy......
So - Russia, Gas price, oil price - all totally and utterly irrelevant to this company