This article is about a month old and apoligies if the information has been previously posted.
The brief article suggests a final investment decison on Venus will be made by the end of ---------- 2025....
I recall the Good Dr. stumbling overs his words at the last presentation telling investors how he was hoping that Total would be forthcoming with some information on Venus soon.
Although it is noted an online article is not information from the horse's mouth, but the article was publicly posted prior to the May 16th AOI presentation.
Upstream also has a similar artcile posted April 26th.
To me they either knew it then and played dumb to investors or they simply just didn't know which is even worse.
Either way looking back by the way the Dr. was choosing his words, I suspect they were in the know about the FID and that they did know no decision will be made for another year and a half.
They also put in that reference to Special Dividends in that they clearly never ever had any intention of following through on.
That was my sense by Pacal's horseshit answer.
He knew it was in there at the last presentation and skipped over it then also.
He intentionally never mentioned it both times as he knew they were never going to pay a special dividend.
Misleading.
I also told them expilicity that I expect that misleading reference to special dividends be removed from all future presentations.
Quite honestly gentlemen you really should have already removed from this presentation as it is MISLEADING, but I see you have not as yet.
The takeaway for me is this could be very big for AOI investor's tomorrow ------------- many more tomorrows from today.
after 12 years I sold some AOI at $2.32 and some at $2.38 and ALL of my AFE at $0.65 and $.085.
I might look back at AFE in a couple of years because with 1.4 billion shares out there this isn't going anywhere too far anytime soon.
As I personally have made my decsion to rid myself of this shady management team I will look for a nice up day or two like yesterday to dump the rest.
To keep the cash and exposure in the energy sector I will be using ALL of the proceeds to go toward CNQ.
AOI or CNQ - the decision has been made.
A no branier in the Candian energy sector paying a 4% dividend.
Like CPKC, CNQ has a 10 year peformance of 250%.
I am also looking at adding Berkshire Hathaway Class B into my TFSA for their 100% ownership of their railroad BNSFand their insurance businesses that made them a killing last year.
GLTA.
TotalEnergies targets 180,000 bpd production in first phase of Venus project - The Namibia Mining and Energy website is a comprehensive online platform dedicated to showcasing Namibia's mining and energy sectors