why so glum on nido, page-9

There's no need to be glum about Nido, quite the opposite. Provided of course a bit of patience is added to the mix. Which incidently, seems to be in short supply these days

They are cashed up, are earning a few dollars to pay the bills, have three expert Philippino nationals speaking on behalf of the company, and now they are mulling over a long term partnership with an oil giant.

Glum, not the least. Indeed, a final decision on the right partnership should see some very clear statements from the oil major as to why they are optimistic about the company. One might also guess that if the major concurs that the target in the Palawan Basin is indeed 11.6 billion barrels of oil, then the price of a Nido share will respond accordingly. Perhaps even the same day

It is one thing for Nido to makes its own claims on the resource it probably has, yet quite another to have an oil major saying the same thing

I think this one is just a matter of some study of the past record, and a bit patience to carry it through.

Meanwhile lets dwell on the gift price now, rather than ponder about it after the event.