RE:Petrodollar stronger and strongerGood read Hannamuk, thanks.
As ruble slowly sinks & nozzle around little Mongols neck from Moscow’s tightens russia is getting more militarized and autocratic and less relevant to world economy – still too significant! Ignorant russians don’t see that this criminal war is dragging them down and they keep sending their young men to die in the name of some phantom de-nazification of Ukraine or to be saved from NATO. Absurd paranoia used by parasitic elite to protect their stolen (from the state) wealth!
All this is good for Velura assuming they can produced that 25k of oil per day to world market that is starving for energy. I’m still concerned about huge abandoning liabilities that come with this acquisition and costs required to defer them so they can keep production going at present level.
This acquisition does not change the fact that Mr. Guest mishandled shareholders relation by less than adequate information releases.
Happy New Year to all!
G37