Had a quick read of the posts before signing in and therefore activating the filter, see this idiot is still trying to completely flood this chat room with his inane noise. Still think you need to get a life mate, or help . Lol
The present situation might result in the termination of shale, losing billions before the downturn. Trumps power is gone. Nord 2 will happen and USA will be quiet. The markets have collapsed another reason for Trumps end. Conventional will be premium, our time is finally coming for those that have the balls to see this though and not be undermined by the professionals that normally get their way
Rubbish, buy what you can. These day traders need competition. The situation always results in big boy’s squeezing out the small investor by fear. Its a bonanza for these professionals . This is when they really make their money.
Think the present situation might result in the end of Trump. Shale will collapse sooner than expected and PMO and RKH will actually come out of it well. Conventional oil is the way to go before maybe 40 years from now the green stuff takes over. The green revolution will be powered initially by oil, that’s how it is. Every year the world and not just the west, the world have required 1.5 million barrels of oil extra per year. The obvious present downturn will reverse and we will be back to where we were, only shale will be finished and the USA will be dependent on imports. Russia with persuade USA to accept the nord2 pipeline or suffer more. Although Trump thought he was home and dry, the present situation might finish him, hopefully.
These times are not normal. People need to get a grip otherwise others will take advantage. In the case of PMO a good company does not suddenly become bad. Profit, debt being driven down. Tax zero for the next year. Majority of oil produced hedged at around 66 dollars. Although it’s taken along time Rkh will soon benefit and although we are now only 30%, imagine the parrallel of 30% of the North Sea.
Rkh ,no debt .Imminent 100-150 bonus from the court case and also wasn’t it around 10 million for selling the Egyptian assets to clear the way for Navitas to enter the fray. Plenty to pay the wages and perhaps smooth the path by buying out ARg to avoid complications as regards where Sealion encroaches.
Rkh has no debt and doesn’t have to pay a penny till first oil. What’s not to like. Ps may also very soon be getting a brucie bonus ie 100-150 million compensation which being an international court for which Italy is signed up they HAVE to pay or get foreign assets seized.