RE: Nice RNS31 Mar 2021 09:11
JA, yup previously stated a max of 30%, today "at least 20%". Leaves the door open for better dividend. My pref would be to pay the lower end and retain max for expansion/growth. Am here for capital growth, which I believe is coming. OP is likely to be set at $70 by the cartel..oops Opec. Having said that, opec is far more splintered than before. My major concern is Iranian oil coming on main stream (Biden maybe looking at carrot and stick approach) Already being sold on the cheap through other means.. But overall think for now $70 is being target set. $100 being banded in the media seems outlandish to me, all depends on balancing international inflationery pressures and knock on effect on interest rates and other macro-economic factors. Leaving these aside I3E is a superb undervalued play in the sector. I would not be surprised to see this do a SQZ type move depending on the acquistion/s and UK discussions.