RE: damn26 Sep 2022 13:15
Draft, in my opinion the sells are not coming from a large seller, I doubt if BGF sold anything at all below 3p. I believe that these sells are coming from PIs.
“Plug & abandon the well”, even though most O&G knowledgeable investors on this board knew about it, the average investor didn’t. Even I3E SP came down.
EOG also made it a lot worse with the “prudent” £1 mil loan - essentially telling everybody that they are not making money from Wressle & other UK onshore operations. The Wressle windfall just pays the salaries and keeps the lights on, but this cannot be true. Or is it? And this is the reason we never hear about EOG’s cash position? Is damn annoying.