RE: ZAMA20 Mar 2024 09:10
I mean one of the richest men in the World investing in a mid cap UK oil and gas company is odd, he obviously sees or knows something. He's not an idiot and he knows far more about the situation than you or I. So its encouraging for investors.
Zama may go pear shaped, it may not.
But the reality is, we were all investors long before Slim and his crew. I took a punt on it following the PMO merger, as I did with other small oilies being convinced the oil price would rebound. And based on a whole hat full of reasons, fully expect the oil price to break $100 and remain there for some time in the future.
However, what started as a punt, Harbours earnings, balance sheet, management have impressed me and has now become one of my biggest holdings. Until I see something that convinces me otherwise, I'll remain invested.