Member Info for Neversellshell22

I guess that will mean more selling as the funds bail out ....

Oh well....Every seller meets a buyer........

Not the day we hoped for but it just seems a quiet time for us...

$S still being made every day and more and more contracts being rolled out....

Oil steady about 2 % to 3 % up so perhaps tomorrow is our day....

Hi Paddy, can you give us a bit of colour regarding the price to book with perhaps the calculation....

Thanks

I think the latest court ruling about foreign evidence is possibly a red hearing otherwise Paul Bonds case would surely also have been affected.

https://www.theguardian.com/law/2021/mar/01/briton-jailed-over-plot-to-pay-bribes-for-iraq-oil-contract

Its worth remembering that the SFO have now prosecuted 4 people and won every case.....

The tie in between Unaoil and Petrofac is likely criticial but we have no idea what it is and whether there vwas corruption directly or indirectly involving Petrofac.....

One thing very clear is that its 4 years going and no prosecution issues against Petrofac have been issued so far. We also know there is a rumour our top man is in discussions with the SFO so will a no blame type fine be agreed.

What would be good is a bit of news about some new big contracts.....

Thank you Boyo.

Much clearer.

Couldny agree more. Its very very complex.

As long as Petrofac keep winning the contracts and making money all is good...

Lots and lots of upside......

New energies, Biden stimulus, Super Cycle, low valuation, etc etc.....

I have spent a couple of hours trying to get my head around the investigation but the more you read the more people are involved. Some who were involved may even be dead.

Some people and Petrofac may have even been involved 15 years ago..

https://www.theage.com.au/interactive/2016/the-bribe-factory/day-2/the-dirty-execs.html

What is very very clear is that the SFO have been extremely successful, in that in the Unaoil case which is indirectly connect to the case against us they have successfully prosecuted everyone they believed.

They have also been very clear in that do not believe that Petrofac has cooperated with it and therefore they have a acore to settle....

https://www.petrofac.com/en-gb/media/news/update-on-sfo-investigation-and-board-change/

So the 2 conclusions I can draw are that.........

This could still run for a long time yet and secondly that Petrofac may not get a clean pair of heels. It is in my opinion beyond reasonable belief that Petrofac didnt know what was going on....Whether they can prove it is the key ?

So a deal with no blame between Petrofac and SFO looks possible.

Then you have to look at the other unknown....Why didnt Lufkin get sentenced in January and a directions hearing in June was advised instead.....

Very complicated........And I am certainly no further forward.....

Hi Boyo,

Just trying to learn the simplist things about charts.

So you have an upper and lower channel in your charts. When have these started from on the char you provided....

Thanks

Very true,

Especially in Saudi and Iraq....

One positive thing is every day we get closer to a resolution.....

Not sure that tell us anything Boyo, Peter Warne left Petrofac and joined Unaoil.....

Yes it’s another stand that could tie the 2 companies together but nothing else...

https://www.theage.com.au/interactive/2016/the-bribe-factory/day-2/leighton-feature.html

Unaoil have certainly had some beauties working for them....

https://ca.news.yahoo.com/former-unaoil-manager-gets-three-154452678.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAALLXLIpPjw8eJB09icG_WXFGrXihl2UGW5ACb_2NG1AwdcMkZK2e0fkN6TX5S10HibHtQl3RT33f8IDGz1a9zW2LWIrrFAkqih5oMbXSG5vqPPbDKfMY5dMAzfpI5iE-Eq51-RVaYFis6RH8s6XEmk4eSFS08sM7KqvW71QYk1ZP

https://www.supremecourt.uk/cases/docs/uksc-2018-0215-judgment.pdf

No wonder it’s taking a long time to sort out.....

Quicker to expand or open refineries than explore, apraise and develop oil fields I would think....

Thank you.....

So unlikely to be a connect to Lufkin case ?

So looking at a chart for the first time on investing.com.

Firstly can anybody recommend a good free chart site or is this highly rated.

Secondly I can see we closed at the low of the day. Does this mean anything for tomorrow.....

Any other pointers or charts I should look at please....

Many thanks

SEA,
Do you think this has any connection to the other case or us directly ?

Cheers

Good point Blackster and makes a lot of sense...

On the other hand if demand really does kick in and Covid disappears etc, with all the lack of exploration, apprasiel and development will they be bale to turn the taps on quick enough.

This will be made harder as Shale dont look like increasing production by much but concentrating on cash flow and debt.

Very very interesting situation........

Either way I think it puts Shell in a good position going forward......

https://total-market-solutions.com/2021/02/are-we-entering-a-commodities-supercycle/

Thanks Boyo,

Looks to be just bobbling up and down a bit today.

Could be a great time to be in oil servic providers..

I’m in Petrofac but looking at this one as well.....

Any thoughts/pointers on Hunting....

I’m in Shell which won’t shoot the lights out but should see a steady rise this year.

Worth visiting their investor relations and looking at their long term plan......

Many fingers in Many pie...However having said that there are numerous bargain out there.....

Which will rise the most......Who knows....

What it looking like today fellas........

What will be the tough nuts to crack going up ....

Many thanks