This is getting beyond a joke your right in your assumption that an acquisition looks less likely now and drilling is the priority.No consideration whatsoever for those invested.here has been given,very bad show
I really think NNPC will be struggling taking on NUPRC in an arbitration action,after all they are the ones who set the regulations,this looks like a desperate move by NNPC
Thanks for that viable.Very positive for the next couple of years with over 9000 boed next year and 18000 the following .This reminds me of i3e after their £30000 placing looks like they are following in their footsteps.
RE: investment case or a trading basket case8 Jul 2022 12:41
Second qrt figures out soon I quess they will be outstanding that's why the sp is ticking up.The new pipe line should be up and running as well.It would be nice to have an increase in the divi with all that cash they are reaping in.
Chances of a recession are put at 38% by Bloomberg economics so the odds seem to be in our favour.You cant even predict the oil price for 6 months with all the varibles never mind 3 years pure nonsense.
There must have some carrot at the end of the rainbow for it to be over subscribed by 1M surely.Anyway shares are listed for tomorrow,see what happens then.The fire at the Ternimal hasn't helped though
From what im reading its a recession scare again I think oil traders are doing their thing.In any case gas will be in super big demand what ever happens this winter