RE: Exxon acquisition completed....21 Jun 2021 18:13
Thanks for all the insightful posting here. This is a very high quality BB, no doubt.
So hopefully out of suspension sometime in July (I'd guess) Great if yes as the reality will replace the guessing.. which saves ongoing time wasting imho.
All the bullish sentiment here doesn't surprise me in the slightest and doesn't change any of my bigger picture views either. But absolutely great if you're all very correct in your bullishness here. I wish I was even 50% as sure as most of you all, but I'm an optimist by nature so why shouldn't this come back to market at 30p or more.. etc..
Generally, I do expect AK to get at least a good deal - why do any deal otherwise etc - but I feel he may need a very good to great deal to get this s/p punchily up: There a strong green / country progression story from current core Nigeria Gas to Grid business, with a yet to be developed Niger Oil discovery bolted on as a potentially decent future secondary business. But now we clearly look to be pivoting back towards a hard core company oil focus.... can't say i'm in any way surprised with this, in fairness , as it was a well flagged strategy re a big acquisition(s) in this Africa Oil space .. but, whatever spin you put on it, the greenness of our credentials will altogether be considerably less after this acquisition completes - assuming it does and I expect it will - and as this share price performance is still most all about II's actions in my mind, all it takes is no new II's coming on board post suspension and one existing II deciding this no longer meets their green criteria and dumping hard and fast, married with the then induced panic selling from a few big position PI's here and this could go to 10p again too. On the other had, if the deal is so compelling that new II's feel they have to come on board off the back, then this could of course roar back. Altogether, this could readily go either of those ways in my mind.. but here's very much hoping the bulls are right for a change here..
( Btw I have attentitively read and taken on board the many potential positives that have been - well - outlined at great length here, so no need to fire them out again on my behalf... because you think I'm not reading posts here or just thick or such like.. I especially say this in the context of many of the same uber bulls here being completely wrong the Seven time round .. and indeed some here have sounded familiar to me from my years on the Amerisur BB, a BB where I reckon I've never seen so many brilliantly fundamentals analysis posters be so completly - totally and utterly - wrong before or since.. although this one has run it a little close :-) ( and indeed that expereince was an ephipany moment for me where I decided I needed to look at oil in a far broader and balanced macro way in the 2020's, versus the 2010's )