Welcome back. Agree with pretty much everything you said. This is the second second super-major to have left money on the table re FAR acreage but if you've ever dealt with them you'd appreciate the unique mindset. They're like investment banks. Knee-jerk thinking. One minute they're hiring like mad and doling out bonuses like a Powerball and the next they're axing everyone in sight, selling the potplants and cancelling the after-hours aircon.I have heard rumours of the numbers they got for the in-line sale of the deepwater assets and they were truly awful. Abysmal. So a half-decent lowball offer for senegal probably looks great in comparison.
CNE won't stump up. And have hobbled themselves somewhat by their stick-in-the-mud approach to date. But I have a feeling (in my waters) that there may be some parties already warmed-over and semi-ready. I don't think we are quite as un-prepared as yesterday suggested....
Oddly enough, I am miffed that it was WPL which had the smarts to try this. Have always found them so flat-footed and here they have been anything but.
I'm incredibly excited by this. It's a long shot but with a bit of luck we could end up with a seat at the big table just before what I see as a strong cyclical recovery....Conoco remind of those guys that do the hard slog of the marathon and quit a few ks from home.
Can't remember who the poster was with this Shakespearean line as their sign off but I think it's appropriate - "there comes a time in the affairs of men, which taken at the flood leads on to fortune". I think we're at that point now. The amount of capital required from shareholders is going to be daunting but I think it's do-able and am aching to sell all my frothy goldies etc and chase some value for a change.
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Last
39.0¢ |
Change
-0.020(4.88%) |
Mkt cap ! $36.03M |
Open | High | Low | Value | Volume |
41.0¢ | 42.0¢ | 39.0¢ | $15.21K | 36.60K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49519 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49519 | 0.390 |
3 | 71286 | 0.380 |
1 | 50000 | 0.375 |
2 | 192795 | 0.370 |
3 | 98728 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 2000 | 1 |
0.440 | 28831 | 1 |
0.460 | 100000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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