RE: When is a bubble not a bubble?24 Feb 2021 19:19
Combined MCAP of BP and Shell is £175 Billion. They are just part of the FF brigade , future demise determined. Their profits are determined by POO , impossible to be certain of , and are considerably held back by exploration and development not to mention infrastructure costs etc. ITM should benefit. Gas grid opportunity at just 20% of supply is how much? Certainly hundreds of Billions. ITM should benefit majorly here too. Replacement of brown , blue H2 on the cards. Some unknowns but the one figure I can see is today’s ITM MCAP of £2.9B. Seems high? Could be the opposite. That’s why the SP is holding up despite the ‘B’ word. People can see the likes of ITM as the next Apple , Tesla , BP and are trusting their vision of the future. Nothing is certain but you either take your best guess or you buy premium bonds. GLA