RE: Results22 Mar 2023 07:55
haggis_trap
Posts: 1,215
Price: 9.00
No Opinion
RE: ResultsToday
3 issues:
1) need to prove they know how to monetise discoveries to date.
* Lack of director buying suggests to me that's exactly what's going on now.
2) they are completely at the behest of equinor.
* Equinor won't be waiting on LBE to develop the joint discoveries, which will come onstream to Equinor's time frame, considering surrounding reserves possible unitisation and infrastructure .
3) very small fish in big pond
* Agreed, and therein lies the opportunity, excellent management team with integrity, priced to go bust, which imho won't be happening.
GLA