Registered:
11/05/09
Seen:
26th Mar
Followers:
4

Comments
110

Real Name: Sanjeev

Occupation: Broker, Company Director, Entrepreneur, Financial Advisor, Private Investor

Interests: Bonds, Commodities, Funds, Gold, Oil, Stocks

About Me:

Not from Texas, nor a ranger, in case anybody's wondering. Chartered Financial Planner based in Harrow, Middlesex




Snaj's Latest Comments

Hi ee Just to be clear, as has been mentioned above, there is no prohibition on making further contributions if one chooses to apply for Fixed Protection 2014 - they are allowed and the only consequence of doing so is that the Protection is revoked (the individual does have a responsibility to notify HMRC that they have resumed making contributions). Unless the OP is a…

My reference to Dana wasn't to make a full comparison, just to say that the NEDs they've brought on board along with the Board's own holdings offers some protection against being faced with only a 'take it or leave it' approach. I'm not sure that the diverse asset mix was that much of a handicap when it came to the lack of counterbids, there were…

Quite. However the CVs of these NEDs would indicate that, in addition to their significant holdings, the board has perhaps also taken the precaution from viewing the sale of Dana to make it clear that an auction process will involve more than a single bidder, and that price discovery is going to amount to more than a 'take it or leave it' outcome.

The NEDs seem to have links to a few potential buyers which, in my version of Kremlinology, may mean that communication channels are going to be opened in due course with the likes of ENI and Total as well as the Asian NOCs. Thanks also to the scribblers at GS for the Christmas discount opportunity ;o)

Whether one takes ET's more conservative dividend profile or ee's more optimistic one, the market seems to be assigning ZERO value to residual SOCO (including all exploration funded by retained free cashflows!) beyond a very approximate 5-10 year horizon - are the fields expected to deplete so fast or are they subject to large decommissioning costs or do the PSCs end then or is there…