GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
In making their forecasts, the teenage scribblers must be making assumptions about future oil and gas prices. They have no idea what these will be in an hour's time, let alone next year and further. All hocus pocus ramping.
Discount is because their costs and dividend payments exceed their income. Hence they are gradually shrinking. This was occurring pre covid, so until they can demonstrate in cash terms that they are growing, the discount will probably persist.
Because of BHP's over reliance on its iron ore trade with China, disposing of its oil business is very poor management judgement. I accept the environmental arguments, but these are not altered by a change of ownership.
However Woodside are only looking into an LSE listing. Do not hold your breath. As BHP want to sell these assets, they should only do so for cash, or alternatively just run them down on a care and maintenance strategy.
Overhanging CF is a loose undertaking to raise £70m of equity by November to repay debt otherwise up to £5m of penalties become due to the lenders. Of course it might be cheaper to pay this £5m rather than the blood sucking underwriter fees.
The Board should give an update of its thoughts, otherwise there could be a false market.
BHP will continue to be quoted on the LSE, so you should be able to deal freely in theory. Woodside allegedly are looking into obtaining a listing in London, but don't hold your breath.
As mentioned previously, a total blackout on the tax consequences of the two deals.
I hope the Directors have negotiated a discount for KPMG's incompetence. The whole world has had to adapt over the past 15 months, but apparently not KPMG. But that is what you get when there is a cosy relationship between the big 4. They need to be broken up.