This space is reserved for WeeEck to introduce himself.
What we have is two opinions from posters who hold strong ones and tend not to back down. I have my own opinions like most other people but do not feel that I have to post them. I tend to switch off however when posters get abusive and personal. It diminishes them.
Did a bit of googling and this is the latest update I can find on the current state of the new refinery. A ground-breaking ceremony for the Nghi Son refinery was held in May 2008 but the project has suffered a number of delays. It is still unclear when construction will start, an official from PetroVietnam told AFP, asking not to be named. Read the…
Also bear in mind that PV are in the process of building a new larger refinery and probably do not want any increased production until that comes on line. They are playing a much longer game than SOCO.
SOCO seems to be very prone to sell-offs after bad news as I suspect there are a lot of investors/gamblers using it on spreadbets and the bookies are very adept at taking out stop losses and making margin calls which has a waterfall effect on the SP. Once they have been settled the SP usually starts to work its way back . I have used…
Link to the above. No Interference. Scaroni, 66, was appointed Eni CEO in June 2005. He is serving his third term, which expires in 2014. Scaroni told Italian newspaper La Repubblica he doesn’t and can’t interfere with Saipem contracts because 90 percent of the company’s operations are with Eni competitors. Eni rallied after two days of declines in Milan trading. The shares rose as much…
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