The WPL emotional rollercoaster, page-6

Most oil major are in the value camp

this is why there is such a big discrepancy in valuation.

the price paid now will be rewarded if those points can be executed

it was the same story as santos almost a decade ago when it was saddled with debt and eventually got a lifeline out of the Chinese consortium. In hindsight going all in and getting out too quickly was a mistake, I made a reason 20% return on that deal by betting with a house (literally).

The valuation at that time was based on the NTA or around $3-$4 a share. They were brand spanking new infrastructure that was built at the peak of the previous oil boom and their share holders paid for it dearly ($15> $3).

so now we have Woodside, but the dynamics is very different.

On the headline, getting funding is still a challenge and most companies don’t want to make long term commitments. It can be rewarded well if those forecast are wrong and demand persist.

Likewise if the doomsday scenario does occur earlier than the value of the likes of Scarborough will be significantly devalued

for those with an Xbox, I’m playing Rift Breaker an RTS game. One of the hardest resource to manager is electricity. You can never have enough storage to manage the peak and trough of demand. It’s probably Childish to say. That in this distant future, we are still struggling with reliable energy source

In the interim, daily price fluctuation is just the nature of investment. The fundamentals don’t change, just sentiments