Member Info for oxygen

Afraid you’ve zero chance of change, it’s the life blood for Institutional / Hedge Fund operatives generally to the detriment of Retail Investors, and the former hold sway with the FCA. Previous attempts have failed as it’s considered one way of holding Companies to account , underperform and the vultures take flight !

It’s rather perverse that the invasion of Ukraine sparked a temporary Oil Price blip that politicians seized upon to justify a WFT, yet one of the principal beneficiaries of war is always the Defence Industry and they sit immune, witness BAE Systems whose Mkt Cap. has since doubled. Both important Industries yet we’re regarded as causing more harm by delaying Net Zero, than a few truckloads of high explosive missiles !

Currently travelling so just caught up with update, very positive. From memory thought Lease Costs were circa $475k daily which will generate a saving north of $100m from 01/04/25. Should tie in nicely with SH returns , if I’m right !

More likely concerns now coming from the US with the DOW currently having a nose bleed, which if not stopped could make tomorrow difficult.

Just released showing Cobas Asset Mgmt having increased their stake in ENQ last Friday, from circa 5% to 6% . Would seem a smart move.

Problem being the incoming Government wish to destroy the NS Industry by fiscal and regulatory strangulation and presumably by 2030, when they naively believe the UK will be 100% supported by renewable energy. If the NHS / Migrant & Cost of Living crisis’s weren’t so dominant the electorate may focus a little more and this pending disaster.

For the pain to go we need to know we have a future. Institutional Investors have a time horizon longer than Day Traders and need clarity of how AB intends to navigate these politically hostile waters. Without their support we will likely just bob up and down as shown by the numerous posts on this board giving insight into very short term thinking.

Another slight issue is the fact that across the EU about 45% of the population live in Flats/ High Rise with an average Car age of 12 years, which seems way beyond normal battery life. One is used to seeing washing hanging from upper floor balconies but of less appeal would be dangling power charging cables. Little wonder most EV ‘s are purchased by Fleet operatives whose Directors probably stick with ICE models !

I see it’s now reported that the Danish Orsted Group (world's biggest offshore wind farm developer ) plans to cut around 800 jobs and exit the offshore wind markets in Norway, Spain and Portugal and minimise its focus on Japan. Expected Power Generation by end of decade now 35-38 gigawatts (GW) from 50 GW previously, with capex over next three years reduced by £4 billion. This on the back of booking £4.6 billion of impairments last year when scrapping 2 major projects in the US. Seems they’ve underestimated the cost of working at sea but when your CEO is called Mads Nipper, guess these things are to be expected. Perhaps he should call Ed Milliband and tell him the real costs in trying to achieve Net Zero !

Whilst we await our update I noted this in the Times today ;

“UK car buyers appear to be turning their backs on new EV’s with the number of zero-emission vehicles sold to private buyers down by 25 per cent last month. Figures from the Society of Motor Manufacturers and Traders (SMMT) show that ….the number of zero emission vehicles as a proportion of all new registrations has fallen to 14.7 per cent. Thats against the SMMT forecast that EV sales would reach more than 23 per cent of the market in 2024 — above the 22 per cent figure that the government is demanding under the zero-emissions vehicle mandate “

Seems the buying public aren’t quite as stupid as some Politician’s had hoped !

Cutting it to a ‘Sell’ would seem rather harsh which suggests they don’t support the WD acquisition, with the SP reaction continuing to show the influence GS hold amongst its peers.

Well the Market has taken a view the JV is rather dead, just surprised Mgmt held that info back given it was rather material to the Outlook, and SP support as now illustrated. The road ahead has suddenly gained quite a few more miles.

At this rate of progress I can see an increased Dividend coming !

If you caught Robert Habeck’s ( Germans Vice C. ) comments at Davos, they clearly are determined not to repeat reliance on external energy again, given lessons learned on Russian gas supplies, so it’s little surprise the BASF deal will now come under heightened scrutiny. Suspect this will remain a drag on the SP until that decision is known.

@Ice. Guess many of us did our research before buying this Stock so understood the chances of Trial failure were reasonably high but judged the counterbalance of success would out weigh those risks. I was wrong but thankfully now is the Market. Lucky for those now entering with fresh Capital and even more so for those who should later benefit from some remarkable science.

Yes now relaxed but equally frustrated that the risks of holding this share throughout the Phase 1 trail hasn’t been rewarded given the share price is lower now than when MHRA first granted trial approval . Hate to think what failure would now be looking like !

Management in theory should hold Shareholders interests in hand but a quick look at the Accounts will show that over 2 years till Dec’22, the Directors have pocketed over $4,000,000 in Salaries & Fees, to the detriment of others. For some morals don’t get in the way.

Conspiracy theories in abundance again today, not helped by those believing the voices of retail Shareholders whilst being heard, will actually alter the course of events that will see their investment disappear, remember TR is an Investment Banker at heart now holding all the Aces.

You need the SFO to get interested otherwise thoughts of criminal prosecutions are ‘pie in the sky’ .Once this folds and SH’s have accepted their fate, few will wish to throw significant cash at any private proceedings trying to prove fraud over sheer incompetence.

“Assets are much less that debt”….well if the Middle East goes up in flames that could reverse !