RE: Big oil having a sniff.? The likes of BP16 Aug 2021 15:04
I personally don’t take a lot of notice of posts when good/bad news is released. We all knew last week where we were and this week we are in a far better place.
There will be some on here holding shares, praying for the price to go up, there will be others wishing they had shares hoping the price goes down so that they can get on the bus. There are day traders, shorters, experts and amateurs...and it’s often not obvious who is offering genuine advice and who has an agenda.
So, if you want to see where you’re going it’s always better to look at the horizon and not at your feet.
“We are thrilled with the results from the Merlin-1 exploration well. This is the best well we’ve drilled on the North Slope of Alaska to date, with light oil detected in the Nanushuk across three separate horizons. Whilst we have a lot more work to do, the Merlin-1 well has confirmed an active petroleum system in the Peregrine acreage. Results of this significance, together with the magnitude of the opportunity, merit a pace of evaluation that facilitates further drilling and seismic in upcoming winter seasons.”