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Pokerchips have you ever dealt with a company after going through bankruptcy and then handing over to a new contractor? I did in my early days and the repercussions lasted for years. BP wouldn't touch it with a barge pole if there was any suspicion petrofac aren't solid.
Pokerchips i can confirm myself (at a much lower level tendering wise) and BP would certainly not hand out a contract to any company on the verge of bankruptcy. The problems that would create and the risk involved would not been seen as ok
Open question for the board:
exactly how many contracts has BP dished out over the last few years to companies on the verge of bankruptcy or as poker chips claims are so poor they have no assets left as equity? i can guess the answer and i will keep buying at the lows
And for the record on my background, a key part of my role is tendering and theres no way i would be dishing out contracts to PFC if they were in the dire state the shorts on here try to claim. There has to be a level of due diligence and i know BP certainly have that
But paul curtis if you would have bet against the shorts in 2021 at pretty much exactly the same level you would have made a lot of money. I solemnly swear if this breaks 26p I will make sure the shorts have to spend more money today. good luck all
Thanks PFC-veteren i think thats the most balanced view on here. Im here for the long-term and will keep doing the reverse and buy in larger increments as the share falls. I can happily sit on this investment for years
Ive consistently kept buying as the share drops, increasing the buys by higher increments and what ive been surprized by this time around is they are getting nowhere near the previous lows. even as an investor i was expecting to get a buy at 25p today. in-fighting with the shorts