RE: Let's Goooo!23 Jul 2022 07:57
Even the big IOC's are not expanding, I should know I work for one and there is very little in the pipeline ( no pun intended).
It's all about returns to shareholders for now, maybe they think this price increase will be short lived, big projects require large capital and won't come onstream for years to come - it's a big commitment.
I'm happy to load up n cheap oil stocks and take the divi, i3e to date has got me out of a big hole on some other investments and I was lucky to get in here from 4.87p and have topped up all the way and will continue to reinvest every divi from here on.