Keep posting, Jimmy. Refreshing to have at least one poster on this site who brings common sense and expertise. Too many here who cannot come to terms with their disastrous investment decisions.
Stacks of information to digest....a lot of posters would be better off reading the material, complex as it is, rather than jumping straight onto the boards. The figure that immediately whacked me was the production guidance for 2015. The boys are giving themselves just a wee bit of latitude in a spread between 23,000 and 32,000 b/d. The only guidance this gives me is that they are clueless about the productivity of their own assets.
Godot, you're right about Sequa EGM. Seeking to delay accs to Nov on a very thin pretext. Spuddy, the presenation accompanying Cairn's results (see website) show no action on Spanish PPoint up to and including 2017! I posted this info on two occasions in recent weeks and no one picked up on it.
Cantor are appointed brokers and advisers to Lansdowne. So together with Davy's, acting similarly for PVR, their opinions arent worth a tinker's curse.
The presentation accompanying Cairn's results shows time bar graph of future operations to 2017.....Spanish Point isnt mentioned. Guess this may be some clue as to why Cairn allowed PVR to buy CEPIL's share for a lousy $1.
Typhoo, you wont get a hearing...."Where ignorance is bliss, 'tis folly to be wise"
Too many small investors smoking dope. The company's RNS of 4 March warned that a deal with creditors to keep the company afloat was expected to seriously dilute ordinary shareholders. Given that companies strenuosly try to put a gloss on any communication, I would believe them. It will be a miracle if the shareholders get out from under at this point.
Hi Lerrab. On the positive side re Sequa, they have hired a management that has real oil and general commercial experience. They are not going to twiddle their thumbs. But there are a lot of distressed companies and assets out there to look at.