There is always deals to be done
Do remember that the price of deals do not reflect the near term ups and downs of the market. Nor should they. However deals take time. Those who have been involved with contract negotiations know how long these things can take
Next prod deal may be 2k bbls, then look at thSP....hmmm. know where I am parking my hardearned
So it looks like the highly paid consultants that have been bought in to save our flagging SP have come up with a restructure / cost cut. WoW... As I have said in an earlier post.....what a surprise.
Who a going to grow a pair and say lets split the bank US / UK and unlock real value. While we are at it lets sell off all the European cottage industries we have (some quiet valuable in their own right)
There you go £2+ SP
Everything has a price, not sure if there are any solid banks that are cheaper
Barc would be a nice morsel for some bank wanting US exposure / diversification. Looks like the consultancy has gone down the easy and well trodden path of a re org surprise surprise
LBE just need to get the deal over the line. Hopefully they have more production lined up...
I have been buying over the last few weeks, just to cheap. As I said the right catalyst and we should bounce nicely