RE: Placing AHOY....19 Nov 2020 10:47
robsaunders
Anything is possible but this drop seems more likely to be related to the legal challenge, which may turn out to be no more of a threat than the Rainbow Warrior. Selling into Tuesday’s RNS would have been a smart move but that’s hindsight for you - at that point the only cloud on the horizon was the Rainbow Warrior and it was easy to take a view on that. Not looking to top up because the last time BPC was in the mid-2s I was already fully loaded. I am certainly not selling. For me the pre-drill excitement trade remains an absolute belter, even with this additional risk.