Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It translates as:
"Is Brudermüller's last deal with BASF on the brink? BASF has wanted to get rid of its oil and gas subsidiary Wintershall Dea for years, but something always comes up. This time it could be the federal government that thwarts the plans."
So it would be interesting to see the rest of the article.
If they said the deal is likely to be finalised in the 4th quarter, it's likely to be finalised in the 4th quarter.
It's good to keep an eye on the share price of any investments you have, but it's not a good idea to follow every up and down and question every large by or sell. Institutions have many investments in many stocks and they have 101 reasons to by and sell. They are not you, so they don't think or act like you. Often they buy and sell for hedging, shorting, tax reduction, releasing cash and so many more reasons. As soon as it became evident that there may be a windfall tax, Harbour was hit hard and the momentum was down. This new deal fixes a lot of the issues Harbour had so the momentum is now up. But it won't go up in a straight line just as it did not go down in a straight line. So stop trying to analyse every up and down movement over analyzing everything.
There is an article on Bloomberg about this but it's behind a pay wall.
I did a search and found this link.
https://www.riotimesonline.com/slims-growing-influence-in-mexicos-oil-exploration/
Same story but not behind a paywall:
https://www.offshore-energy.biz/harbour-energy-gearing-up-to-kick-off-north-sea-ops-with-noble-rig/
Wood is not a very liquid stock. It's not currently paying a dividend, there are no many buyers and the market is heading down. It just takes a few sellers or shorts to push it down when there are no buyers around.
Although annoyed by the fall (as I picked up a load yesterday around 121p) I'm not worried with these movements which are to do with current buyer/seller ratios and shorts rather than anything to do with the company.
In the last update they did say they expect to return to dividends with year end results.
Liz Truss is watching the £
https://twitter.com/PhantomPower14/status/1574476438543208457?ref_src=twsrc^tfw|twcamp
Wood has been awarded a multi-region engineering services contract by bp to support efficient and safe energy production through the provision of asset repairs, modifications and enhancements.
The five-year reimbursable contract, valued at around $350m:
The FTSE250 has hit a 52week low today.
There are so many stocks that have hit new 52weeks lows this week.
Yes it's disappointing to see a stock you hold going down but you have to take the rest of the market into account.
"Analysts at Berenberg lowered their target price on engineering and consulting firm Wood from 300.0p to 275.0p on Thursday after its environment and infrastructure business was acquired by WSP."
"Berenberg said Wood was likely to end the year with close to zero net debt, highlighting the "striking gap" between its current market cap of roughly £1.0bn and consensus underlying earnings estimates for 2023 of $500.0m."
"we continue to see this as an interesting and deeply mispriced asset for investors with the patience for the anticipated recovery."
Patience is they key word here.