Not in line with your original question but more a comment on PHY.
Like you, I hold PHY for the long term. I like the sector, thier strong balance sheet and potential for good returns. I received a shareholders letter from the MD the other day about climate change and a recommendation to lobby your local member re MRET. While it was good to receive the letter it left a couple worrying feelings in my mind:- * Three articles included seemed superflous to the aurgument. They cost me to produce and post! * The articles were referenced but poorly. Publication but no date for one, Publication but no date for a second, Organization only for the third (WWF) * The letter contained reference to another document that wasn't included.
It might be nit-picking but I hope their detail to projects is not as sloppy!
