The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Lets not kid ourselves the worlds corrupt and Putin will find buyers for his oil and gas . A lot of countries will snap his hand off for oil at a reduced price and even have the audacity to sell it on to other countries who hold sanctions against Russia. China being the main culprit.
https://oilprice.com/Energy/Natural-Gas/China-Is-Quietly-Reselling-Its-Excess-Russian-LNG-To-Europe.html
Stxx, thanks for that, I'll get back in my box. Will both companies release an RNS on the same day next week due to their close links ?
The longer this goes on I get the feeling that the share price is being held back for a low ball take over. I was hoping for the share price to slowly increase back to the yearly highs of around 12p prior to a plan being released. If a plan was released at these current prices a 50% increase on news would only take us back to our yearly highs.
CA are proposing a 50% dividend this year, HUR are their biggest investment and peoples thoughts are they'll need to sell HUR to meet this requirement. I don't think they'll sell off some of their other investments whilst Saba capital are shorting.
I was looking at hedging my bets once HUR reached 12p and move half my holding into CA to try and pick up the dividend.
If CA do sell off HUR to pay out this dividend they'll of sold their largest investment / asset, in doing so won't they be at risk of collapsing their own share price ? current 119p
An update on the shutdown would be nice, along the lines… we are pleased to announce that the annual shut down wad a success and we are now back in production at the expected rates.
Wasn’t communications one of the issues brought up at the AGM. Like I’ve said the BoD played lip service and nothings changed.
Simple:AKA Maverick. Nobody on here apart form yourself claims that they can fly helicopters, however, some offshore workers need to know the conditions and limitations for flying and landing, all the information is documented in a platforms safety case & CAP437. The platforms radio room operator and HLO take over the flight watch on approach to the platform, i can assure you they’ll know the conditions for landing a chopper.
If i remember correctly it wasn't an unknown fault with the ec225 it was a fault within the gearbox, fine line fractures and metal fragments were being found within. Most Operators fitted a early warning detection system to the gear box and even this failed to prevent the downing off Bergen.
I’ll wait for the facts from simple,he knows best. What do offshore oil workers know about flying offshore anyways? He’s now informed all the offshore workers who post on this forum what qualifications we need and what conditions helicopters fly in.
His reliable source being his nephew, what’s his name Tom,Dick or Harry? any gaps are obviously filled in with what he finds on wiki.
asimpleinvestor, what is your nephew's trade / tittle ? A HNC is only the academic part of any role / trade. A drill crew is made up of numerous disciplines and I can ensure you that you don't need a HNC to carry out most jobs on a drill rig, having an HNC alone will not get you tradesman job offshore either on an oil & gas platform or a drilling rig, you also require a some type of practical craft or operations certification.
A drilling rig operator would't sign into a contract without a competent crew to carry out the work. Once a drill contract and date are confirmed the drilling crew are all part of the package. So I don't get your previous post with regards crew.
You do realise that a lot of people who've worked or still work offshore read and post on this forum don't you ? and we can see through most Tom, Dick or Harry bull poo.
Senseman, I agree CA are one of the reasons why we are still here today and able to debate the companies fortunes, however, it's not the only reason, the rapid rise in oil price was a major factor and the main reason why HUR were in a position to pay off the bond holders.
CA will not look after PI shareholders they'll take care of their own interests and if that involves throwing PI's under the bus then so be it. I think it's now time for some posters to get their tongue out of CA's backside and realise this could be the case.
It's beggar belief that this CEO stills hold his position. He's failed all parties with the exception being Crystal Amber. You have to give credit to CA as they identified how incompetent Maris is and used it to their advantage.
CA are now pulling the strings of an oil company that have more money the bank than the total Mcap of Crystal Amber.
(if you include what's sat in the Aoka Mizu tanks)
No wonder CA wanted to keep him as CEO, Crystal Amber were in trouble until this gift came along. Maris is CA's best asset.
It's says it all about this BOD & CA, we are now into the middle of September and we have no forward plan and shareholders are still left guessing. Nobody has a clue what's going on, even the workforce on the aka mizu have been fed a load of bull s--t from this BOD.
If CA do have a potential buyer for their shares for argument sake lets say 15p. The yearly high was 12.34 back in March. Could it be possible that CA have been keeping the share price suppressed all along to ensure they get a deal across the line at a set price?, if a take over was to occur isn’t the minimum they have to pay for a take over the highest trade price for the year.
If the price wad to go any higher in the open market this could of put investors off and scuppered CA chances of a quick exit.
What drilling managers / rig operators will that be then ?
Judo, I’m going to rescind my last post with with regards to BOD updating shareholders as HUR communications have replied to my enquiry about the shutdown. We still only have one producing well, thats shut in for the time being.
Like most Im hoping for an RNS about additional flare consent approval. This IMO changes the outlook for HUR, Well 8 will be on the cards once approved and hoping for a joint venture. I think LTH are looking further than 12-15p
Because Tullow have more than one Well and a BOD who update shareholders. We have a BOD that are at each others throats, controlled by an investment fund and have a history of trying to fck over shareholders.
Goldenbadger1. Are your calculations based on well-6 being back online and from what date ?
Nixan, It's an update that needs to be made IMO, We have one well and it's been shut in for three weeks did it come back online as planned ?
The planned annual shutdown should be complete, what's the chances of an RNS to confirm and reassure shareholders that this shutdown went to plan and well-6 is now back online, producing at expected rates ?? I won't hold my breath with this BOD in-charge. "Maris pull your fckin finger out and start start delivering shareholder value as promised"
This BoD really don't have a clue, At what point do they release a plan ? when the share price drops below 5 so we only see gains to the range of 7-8 again.
The’ve missed the opportunity to build on the good news of the debt being payed and high oil prices.
Its becoming clear Maris is fare to clever for CA’s NEDs and it he who holds all the aces.
DiveCentre, Its looks like we’re on the same page, if true, plans are already in place for P8 once flare consent is granted. Provisional dates have already been set for an extended shutdown next year to commence tiebacks. If theres any truth in this Maris needs to update shareholders. CA being a major shareholder will also be privy to information. What we hear will probably be gossip our CEO is far to honest to keep us all in the dark.
ear