RE: Closest we've ever been, 5/1 long shot, or both?23 Mar 2021 08:06
Stevo12,
Mexico is hardly the place for a stable market and a partner that is the most indebted oil company in the world , PEMEX.
There is no other proven oil and gas asset there , so to say they will have lots of other assets in Mexico or far east , which assets and how long to drill, prove up and do a FEED all ready for FID, it takes a long time as we know.
If its FEED ready they have worked out all the infrastructure needs and the FEED design should take care of all the requirements .
There is more than 1 phase when it's all set up, phase 2 and no doubt 3 as well, that's why Harbour will go for it , it's virtually all their's to manage as operator in a stable fiscal and political setup, and no Argentina can do nowt but shout about it.
If you want to be a FTSE 100 company dealing in billion's £ or $ projects , it should should not phase the management.
Surely if Sealion is sanctioned or not, that is binary, how is it 5:1 ???
100% + rise in the last few months and still way below what it should imo.
This stock is mainly held by PI's, less than 15% by management and II's. Perhaps the odd II also holding below the reporting threshold.
Nearly 80% held by PI's,.
ON FID , it would be an eye opener if PI's dont sell in droves and to see the market having to pay up full value to enter with a position, this is where I believe the II's are more efficient as they enter when value proven is there and PI's exit on the rise when value is proven to chase a fast buck elsewhere, only to see it's true value a few months later.
GLA
Sign In
Follow the stocks
