RE: Oil Refinery Pushed Ahead of Schedule - 2027 Operational4 Nov 2025 11:05
I have every sympathy with this poster's point about knowing how the industry works, and the comment about what it takes to build a 500k long pipeline.
Sadly, the stock market seems to operate in a semi-bubble where decisions are based on sentiment, partial knowledge or misunderstandings of key data. I work for a large FTSE100 corporation and occasionally look at the nonsense on the LSE chat board for my company. The posts there show almost no understanding of the lifecycle of projects, the payback periods involved or how "news" relates to revenue. And yet there is a continuous swirl of misinformation and misunderstanding that generates pages of debate. All of it wrong. And yet those that are wrong, are making buy and sell decisions and thus to a large extent driving the market (of retail decision making).
If I translate that to this sector (which I know not a lot about) I have to conclude that the share price will follow sentiment and misunderstanding, some chart-ography, and large dollop of herd-behaviour. When the herd starts to move I hope we will be in clover. I try to understand the fundamentals of deciding if this is a good company or bad company, but believe ultimately the SP will be driven by numpties.