In this case "patience" would mean a delay in the FID until spot improves, or they can sign a contract with sufficiently generous terms (eg: spot-linked combined with a sufficiently high floor).
FID was scheduled for May 5. With a "go" decision, I expected BOE to possibly be the first restart to get to production. Maybe that is delayed now, and if so, I have no idea how long.
None of this is necessarily bearish, but it might require an adjustment of expectations. Pushing FID out will naturally reduce NPV a smidge.
In this case "patience" would mean a delay in the FID until spot...
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Last
$3.12 |
Change
-0.090(2.80%) |
Mkt cap ! $1.278B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.19 | $3.11 | $6.804M | 2.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 9812 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 29074 | 4 |
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