The party for oil an gas is just getting started...4 Jun 2022 10:45
Oil price closed at $121 and this is just the beginning of rises with oil still very 'cheap' in this multi year bull market.
Demand is surging globally with structural under supply. OPEC+ is months away from exhausting spare capacity. Global super majors are still not investing after the peaks of 2014. Then we have Shale companies with investors wanting dividends/share buy backs and not wanting companies to drill anymore.
Irrespective of Biden's SPR releases, oil price is still going higher.
In terms of the oil price, there is not an energy investor that wants majors or shale companies to grow their production. As investors in Union Jack Oil we want is to get rewarded for the lack of support for hydrocarbons over the the past decade and reap the benefits from the rising oil price in our first quality producing asset....Wressle.
I look forward to being paid through dividends and/or share buy backs whereby that meaningful return of capital is gonna drive the re rating.
There is plenty of news to come still in this very exciting year and imo, Union Jack Oil is a Strong Buy and a mid tier company in the making.
(Ooh Aah) Just a little bit (Ooh Aah) A little bit more (Ooh Aah) Just a little bit Dave knows what his looking for ( Ooh Aah) Just a little bit (Ooh Aah) A little bit more (Ooh Aah) Just a little bit He'll give you CPR you can't ignore
There we go RNSTranslator....you just summed it up nicely.
'Pointing out factual issues based on experience and knowledge is not “showing off” Endlessly Pointing out how “popular” you are on twitter however, is.'
Let's see hey. It will become very clear who the winner is as the year progresses here.
2016 @UnionJackOilplc Annual Report, #UJO beneficial owner of shares in Elephant Oil ltd
#RRR Andrew Bell : Onshore Benin, next to Nigeria. Surface Tar seats with Oil deposits evaporating, seismic done, 3-4 worthwhile targets .Potential star of portfolio
We all have to appreciate things take time in the UK and gracious me, the returns we could look forward to will be more than worth it.
I am enjoying the journey anyway. Winter oil an gas price gonna rise massively. RNSs will arrive at platform faster than the monthly ones choo chooing in.
Dam good problem to have really looking at banking extreme amounts of cash especially in 2023.
I am convinced David knows the Pennystones CPR an other numbers. He knows the income due over the next few years really.... speculate to accumulate I say.
But with what ? I just get the feeling that something could be brewing.