focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The shorts will be destroyed in the course of this year
The sooner they realise it, the less they will lose.
The clock is ticking and time is running out and the statistical probability of larger contracts is increasing day by day. Bonds have already settled back at 75p (equivalent to about 2022, 120p) oil prices will rise due to continued underinvestment in the medium and long term.
Interest rates will stabilise and then fall. Time lag of a few months relative to the US.
If the shorts want to continue to play their games, so much the better, because the resulting short squeez will be gigantic.
Heatwaves Are Sending Demand For Fossil Fuels Soaring
https://oilprice.com/Energy/Energy-General/Heatwaves-Are-Sending-Demand-For-Fossil-Fuels-Soaring.html
Don't worry I can take it. My average is 40p
If you hadn't deleted my post before then you would know why I have miscalculated.
After this interest rate decision it can happen quickly and we are back at 40p.
Nothing has changed.
I am still confident that I will reach my target of at least 50p by the end of the year.
£1+ by the end of 2024
I'm not going to be negatively influenced by these dumbasses here.
Any dip in the share price at this level will be used to increase my holding.
Apropos Habshan.
This is pure speculation, but my nose tells me that Petrofac could be one of these 4 bidders and sorry to be the solo entertainer here but I don't have much time to post here next week.
Adnoc to embark on major carbon capture projects at existing gas plants (19 August 2022)
https://www.upstreamonline.com/exclusive/adnoc-to-embark-on-major-carbon-capture-projects-at-existing-gas-plants/2-1-1280844
The following article is unfortunately hidden behind a paywall if anyone has access to this information I would be really grateful if they could share it here.
Four in frame for Adnoc's first CO2 recovery project as Al Jaber looks to prove doubters wrong
https://www.upstreamonline.com/exclusive/four-in-frame-for-adnoc-s-first-co2-recovery-project-as-al-jaber-looks-to-prove-doubters-w19 August 202219 August 2022rong/2-1-1460158
4 June 2023
Company's CO2 recovery project comprises the Habshan gas plant, with its capital expenditure said to be upwards of $500 million
I just wanted to remind you that more ADNOC contracts are likely to be awarded soon.
Top contractors fight for ADNOC’s multimillion Habshan gas contract
https://www.oilandgasmiddleeast.com/news/top-contractors-fight-for-adnocs-multi-million-habshan-gas-contract
June 1, 2023
"EPC giants including NPCC, Petrofac and L&T are in the race for a significant contract for ADNOC’s Habshan 5 new compression facility, according to data from DMS Projects.
ADNOC Gas Processing is currently evaluating technical and commercial bids for the main tender of the project, with a decision expected within weeks. The EPC contract is estimated to be worth $700 million."
With a decision expected within weeks?
The decision regarding the contract award could reach us any day.
An ADNOC contract like this could push the share price well over £1 in my opinion.
I would say it is a good time to speculate on positive news with some money.
If it doesn't work in the end, there are still 30 billion more opportunities until the end of the year.
And which companies carry out the Engineering & Construction Services works on behalf of BP?
Are there any preferred companies or is there a scheme to be recognised?
And here is a really informative recent article about the ongoing decommissioning work in Australia
and the associated technical challenges, opportunities and risks.
Northern Endeavour's $325m decommissioning begins, Petrofac prepares oil well disconnection:
https://www.abc.net.au/news/rural/2023-06-10/northern-endeavour-decommissioning-underway-oil-gas-off-shore/102391416
An excerpt from an older but very informative presentation
and it is only about Australia and in a second part about the Asia Pacific region. Europe, USA etc. are not even included.
"Centre of Decommissioning Australia
29th Sept 2021
Presentation to 2021 SPE
Francis Norman, GM Decommissioning and Strategy
29th Sept 2021
https://www.spe-wa.org/wp-content/uploads/2021/10/2021-CODA-SPE-WA-presentation.pdf
There is more than AU $50 billion of necessary
decommissioning work to be done on Australia's offshore
oil and gas infrastructure, over half of which needs to be
started within the next ten years.
Australia's Offshore Decommissioning Liability Study
An estimated US $40.5 billion (AU $50 billion) offshore decommissioning workload over the next 50 years, with over half of this work forecast to commence by 2030 and 73 per cent by 2040.
Asia Pacific (APAC) decommissioning workload
More than 1,000 platforms in APAC are already operating beyond their 25-year design life. 380 fields are set to cease production by 2030 and the region's total decommissioning workload could exceed AU $133 billion (US $100 billion)."
Petrofac will rise like a phoenix from the ashes and set off into unknown spheres.
OK just seen it.
Jan 2023 21:34
I bought at a lowly price too and sold in batches as we rose into the 40s and 50s. Just look at the profit you lost out on, as the saying goes 'fools and their money' I am starting to think that you put effort in to being stupid.
There is every indication that people with multiple accounts are even answering their own posts here.
Whether they are all fakes or whether there are real ones is hard to say and even harder to prove.
Attacking specific people here doesn't help at all because you will be reported immediately and all the posts will be deleted afterwards.
The atmosphere here is poisoned and the moderators do nothing but help these individuals in their destructive game.
I can already imagine how this idiot laughs at us all at home and thinks he is the master of desater.