Timing is key in successfully executing any strategy.
Although the exact timing of an oil price stabilisation and following recovery is unknown, the Group believes that a future price recovery is, at some level, inevitable. We believe that over the next eighteen months there will be an opportune period to consolidate and acquire within the energy industry at low prices in order to expand and create a more diversified portfolio of assets and/or companies that can take advantage of a future oil price stabilisation and longer term recovery.
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