Governments can ban fossil fuels all they want. Supply v demand will ultimately dictate oil price until such a time when substitutes are adopted for over 6000 bi products. My view is that this shift will make Africas realestate an even hotter playing field for oil giants. Thus, no longer a question of whether WDS will commit as snapping up a 56% stake in the hottest realestate hosting billions of barrels is a no brainer. But rather how much value we can extract from the deal once WDS takes the stage. Even if WDS walked away(super unlikely) we have 3D and can score a much better deal super quick. i anticipate that even in a worse case scenario, i.e woodside buy us out, we should be on multiples of current sp and whilst we await catalysts, our neighbors should keep us entertained and bring share value Also completely understand that management cant show too much excitement. Even if they can see the golden egg/s as this can only weaken our hand. just my thoughts ofc
PCL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Not Held
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