FAR 0.00% 1.1¢ far limited

Is the dream over?

  1. 13,293 Posts.
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    Sad to see as I like reading the FAR thread but future posts will not be very palatable.
    Even the biggest oil discovery can come unstuck.

    COP and CAIRN have said they wanted out so that's been common knowledge.
    Deepwater drilling is in this climate throwing away money they obviously think.

    As for FAR not knowing about any deal it seems quite possible as they are just a bit player.
    Only the insiders knew as yesterdays action was right on cue.

    What for FAR now?
    Unless you are a WPL with deep pockets it will be like throwing away money.
    Cant see FAR making a pre emptive bid on the asset as where would the get the money from?

    Very sad day.
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