CONGRATULATIONS ALL - DEAL IN THE2 Mar 2019 06:41
Next two weeks if not Monday. I have great news for all longs - we are about to make a lot of money in my view. Let me give you my reasoning. To be a successful investor we need to understand the motivation of all players. My suspicion was aroused when Brynjn posted another news article highlighting that a second government minister has talked publicly about BPC starting drilling.
It was now evident to me that the AG had not run off his mouth and the second minister is not talking about it because he is excited or has made a mistake. It has been pre-planned. Following the granting of the license extensions the politicians are aware that a deal is about to be signed (terms already agreed) and they are doing what all politicians do. They are putting the story out there to make it normal before the announcement especially in the face of resistance by environmentalists.
So first the AG in a pre-planned manner highlights that from a legal perspective they had to grant the license extensions effectively pushing any blame to the previous government and highlighting that he is aware a deal has been signed. This is to prepare the public and to take them along with the government and events. Yesterday a second minister takes it further implying effectively that drilling will occur. This is classic politician style to make the event acceptable and normal. Meanwhile in coordination with the government BPC highlights that multiple partners are in talks but no deal has been signed yet. This is to keep the news at centre stage while allowing the government to further develop the story (which they did yesterday) and again normalise the event.
Furthermore, the major last year never walked fully away. They used the 4 months to analyse the geological data which they now have. It was then agreed that they had to wait for the license extensions and Environmental legistlation moving forward alongside a willingness by the government to drill before they sign on the dotted line. That has now been achieved. All the stars have now clearly lined up.
I therefore expect an announcement of a farm in partner as soon as the government believes that they have the public with themselves alongside confirmation that drilling will happen with possible time frames.
WE ARE ABOUT TO MAKE A HUGE AMOUNT OF MONEY. CONGRATULATIONS TO ALL LONGS AND TO MYSELF :). ENJOY THE WEEKEND. A DEAL IS NOW INEVITABLE IN MY VIEW!