Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yesterday, shareholders in New World Oil & Gas (NEW) were treated to yet another excuse for inactivity in Denmark (whoops, sorry, I meant “extension to the licenses”). But fear not, those extremely generous director salaries are still being paid, so it won’t be long now before CEO William Kelleher and the two Sztyks have repaid the $1million in loans they took out from the company, to pay for their participation in March 2013’s controversial placement. What a carry on! However, there is one easy, easy question this board can answer. On what basis does it claim that its proposed deal with Al-Maraam will enable New World to “participate in drilling and production in Kuwait and marketing of crude oil abroad”?
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
GheeBhee
Ben,
Kuwait is indeed divided into six provinces. Perhaps the gifted linguist Dr Alfahaid, the Secretary General of the Center for Dialogue and the IOEDF Ambassador to Serbia is also the Governor of a Kuwaiti Province? Then again, perhaps not.
I’ve just checked. It takes 58 minutes to go through the pre-qualification list because the last two links are broken. Still, they can’t be in Catering and Office Cleaning can they? Perhaps they are and Bill’s simply been promised well boring assignments like making the sandwiches for the Schlumberger workers on the drills. Who knows? Bill presumably.
wildrides
Bill “Walmart” Keller will use his frequent Walmart shopping as proof of activity . After all its share holders money paying his bills for sweet FA being done drilling or exploring
Bill Keller must resign as a matter of urgency . The paint will never dry because the 24 carrot plonker used anti burglar paint. We cant wait any longer.