RE: COP26? Thoughts?1 Nov 2021 16:07
12.29
Imo I think COP will have an impact on the markets, all be it possibly hesitance to invest or knee-jerk reaction (or over-reaction) to what might be discussed. Agreement and finalisation of final resolution to fossil fuel mining and use will remain in debate, and as somebody has pointed out it's going to be around for quite some time yet. How can they draw conclusion when our friends in China can't be bothered to attend? Are they not one of the biggest consumers and producers of gases?
Mr. Biden will have a problem on his hands if he signs a deal with Gazprom to import from Russia, as the opposition will immediately rally the populous in asking the simple question; you have blocked the U.S. producing, but want to buy from our adversaries and have the state controlling the valve?!? Western Europe is in a similar dilemma, with control of flow being subject to whatever Gazprom feel fit to offer 'after' they fill their own storage for the winter.
Politics asside, PANR are in a strong position and I doubt if the rig, tooling and logistics aren't already lined up awaiting official order. They don't strike me as being a last minute. Com type of outfit, and I would have thought their supply chain is chomping at the bit to serve them.