RE: CSR in indonesia - short video review10 Jan 2026 11:13
Bubba, Not sure i agree... I've been a hodler here for approximately 5 years. In and out in various size over that period, but have been watching and engaging throughout... Been in oil through various cycles for 20 years plus. So i reckon I'm qualified to make some remark about where we are now.
If you look at AIM, it's bust. This has been widely reported. Institutions and large PIs alike no longer get involved because of the extreme levels of what I would call "spivery". Yes, we can all point to the few successes and say "Isn't it wonderful," but if you just bought the index, you'd be sitting on heavy losses over 5-4-3 years. Obviously, the reasons for this are varied and complex but junior oil is in a bad place... no one but certain "asymmetrical" investors will invest. Try getting a placing away (in O&G) at a reasonable price - no chance. So growth is hard.
Therefore, as i have communicated to mgt, creating a stable balance sheet with diversified assests should be the objective, until the next cycle. Peak oil is coming, and the guys pushing the windfarms are going to be for a huge shock in a few years. This will play out over 3 years plus. Until then, mgt should act defensively and not risk the house. We know all it takes is another NOPSEMA jobsworth, and we're in serious trouble. I have far too much of my life savings invested here to risk overleveraging the business as they chase inorganic "growth". The cash will begin to mount up by the end of the year, and through 27, then we'll have more options. You never know, the oil price might even pick up!
IMO The market
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