Totally agree GGG its just an excuse to drop the oil price for trading purposes as you say the sanctions will be in place for the foreseeable future.Russia will never be forgiven for their actions even when Putin is gone.
Oilies dropped under $100 today on the strength that progress was been made over Russia talks,beggers belief that the sanctions would be lifted whilst Putin is still in power
In the worse case cenario it was a duster yes the Share Cap would drop back accordingly but with 390m more shares in issue the sp would drop very sharply
I remember recently ADV was hyped up and was rated with a 90% cos before the drill turned and we all know what happened there.I agree 13e is a much safer bet and imo is a side show were as EOG is all or nothing bet
I really don't understand how you can state that Thebhoys its all conjecture At best after the cpr I cant seeing it It being much over 10p unless we get some extraordinary news