PGY 0.00% 1.4¢ pilot energy limited

Ann: Major Milestone for Cliff Head Oil Export, page-5

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  1. 1,461 Posts.
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    What has caused you to react like this?
    Not sure how long you have held but there has been a lot of material changes with the company and a major change in direction into moving to Green Energy which has major birthing pains during the transformation. It was to be expected that the SP would drop a lot and has been made worse with COVID and the weakening economy.
    Progress is being made and this is the time to accumulate more as once transition moves forward and these projects start coming online then the SP will reflect and hopefully once the balance sheet goes green we will start to see dividends.
    I think that this announcement shows that the upgrade has worked and now we are delivering and selling which in turn brings us more income.
    From what I read is that we have not had a price for the product yet until we have the ship sailing to Singapore and it goes on market to potential buyers.
    My opinion only
 
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