RE: Shell's Cambo exit - any thoughts?8 May 2023 18:28
The Main stream media are poison, all this chat about Shell & BP making all that horrible billions in profits, what the man on the street doesn’t know is them profits are not made here in the UK or very little and Mr Government will try their damdest to kill the O&G in the UK, but they people just see the big number being touted by the MSM’s…they should maybe take a leaf out of Norways book, they did not let the yanks take all their assets and now they have a wide portfolio of energy and a thriving economy!
Hopefully this project meets Shells IRR after being shafted by the Government which I suspect is >1.5 IRR on their investment and flies through their stage gate process and happy days for all the LTH, if it’s marginal, it will get dumped im afraid!
Fingers crossed for a development!