PCL 5.56% 1.7¢ pancontinental energy nl

Ann: Half Yearly Report and Accounts, page-64

  1. 888 Posts.
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    Dump soaked which is positive.
    doubt we will go much lower with our lucrative Namibia realestate.
    One thing the annual did hint is that farmin opportunities have been slow due to COVID. Maybe that explains loose hands but that can change at a blink.
    As for Russia v Ukraine event pushing oil prices, well that too is questionable as we were floating around $1.70-1.80 before that and forecast is that we may see $3 here in Aus.
    Peak oil is very real with finite oil drying up, and economically putting Namibia on the map
    It should also be considered that we are in a better place than Total andd Shell who budgeted huge amounts in waters never before proven.
    Then the Tullow PCL venture in pel 37? in 2018 when oil prices were $50 a barrel and PCL broke over a cent purely on speculation.
    Where do you think rerate will take us now that the world has woken to the insane qty of oil here
 
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