Humanity above politics. How can so many people act against their own best interests?
Joined April 2022
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- Followers 393
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185 Photos and videos
Jun 9
$MER.TO "near-term sanctionable projects" particularly interesting. Combined with ref to "new opportunities", suggests it may have been about more than routine relationship management. Discussions tied to a larger transaction requiring government support?x.com/MerenInc/status/206397…
🤝 Committed to Nigeria for the Long Term
Last week, Meren Energy's senior leadership were in Abuja for high-level meetings with key Nigerian government and regulatory principals.
Meren is proud to have partnered Nigeria for over 20 years:
🔹 USD 11 billion invested in Nigeria’s oil and gas industry
🔹 USD 4.5 billion paid in royalties and taxes
🔹 The only international independent E&P company with a material deepwater position in the country – partner in three of Nigeria’s top deepwater fields – Agbami, Akpo and Egina
🔹 All licences renewed under the PIA to 2043/2044
There is strong momentum in Nigeria's upstream sector following the government's business-enabling reforms. Meren is ready to invest further: in our existing portfolio; in near-term sanctionable projects; and in new opportunities that support the next phase of Nigeria's industry growth. 🚀
🔗 nuprc.gov.ng/meren-energy-pr…
🎥 youtu.be/4JSkHurMzkw?si=yRgv…
#MerenEnergy #OilandGas #Nigeria #NUPRC #NNPC #Africa
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May 28
Interesting that Impact’s SA exploration assets are carved out just weeks before expected Venus FID — while HCI/Deepkloof keeps the SA optionality...😉
Possible 2-step sequence?
A cleaned-up Impact (9.5% Venus AEC) later rolled into $MER.to?!
Let’s see what happens by July.
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May 22
The mysterious Stifel Nicolaus buyer: now up to ~7.5M shares accumulated, including ~2.3M in May alone. By now likely the third-largest holder after BTG Pactual and Cobas. Still quietly absorbing stock while others focus elsewhere. $MER.to
x.com/CharlieFlorimon/status…
May 12
$MER.to The Stifel Nicolaus buyer is at it again — top buyer today (111K) and still accumulating.
Bought ~5.7M shares during Feb–May, quietly absorbing supply along the way.
x.com/CharlieFlorimon/status…
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May 13
Updates on $MER.TO hedging from my prior analysis (will link below in comments). 'Post-tax net entitlement' requires analysis and thinking :) to unlock to CFO provided guidance relative to total production below - 40% hedged for rest of 26.
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May 13
One week until the last day to buy shares and still receive the dividend. X-day is 21 May 2026.
$MER.to will hold a conference call today on Wednesday, May 13, 2026, at 09:00 (ET) / 14:00 (BST) / 15:00 (CET).
Link to register for the live webcast:
meren-energy-first-quarter-r…
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May 13
By this key sentence, $MER.to CEO in todays call signals this is about who the EG-18 farm-in partner will be not if there will be one. They already take it for granted: “I think there is some flexibility around the operatorship depending which way it goes in terms of partners.”
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May 12
$MER.to The Stifel Nicolaus buyer is at it again — top buyer today (111K) and still accumulating.
Bought ~5.7M shares during Feb–May, quietly absorbing supply along the way.
x.com/CharlieFlorimon/status…
Apr 24
$MER.TO
The buyer behind Stifel is active again.
With today’s 112,600 shares, Stifel has bought ~2.32M in April so far and ~5.01M since Feb.
This is deliberate accumulation — and it’s not slowing down.
x.com/CharlieFlorimon/status…
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May 11
$MER.to Volume & selling patterns now suggest the ~99M post-amalgamation wet blanket on the stock is finally off after roughly a year. Paramés, Cobas Funds, the “Spanish Warren Buffett” and one of Europe’s top value investors, absorbed roughly a third of the shares along the way.
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Apr 30
Today marks 3 months until potential FID for Venus. If sanctioned, $mer.to will also benefit from booking reserves tied to Venus Phase 1 contingent resources several times larger.
Hopefully, a highly value-accretive farm-out before then for EG-18/EG-31. "Watch this space"..
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Apr 24
$MER.TO
The buyer behind Stifel is active again.
With today’s 112,600 shares, Stifel has bought ~2.32M in April so far and ~5.01M since Feb.
This is deliberate accumulation — and it’s not slowing down.
x.com/CharlieFlorimon/status…
Apr 20
$mer.to
Stifel Nicholas just shifted gears.
Feb: 2.1M
Mar: 0.6M
Apr: 2.1M (and counting)
~4.8M shares net now.
When buying speeds up like this, it’s usually for a reason - and someone is clearly building a position through this channel in a hurry.
x.com/CharlieFlorimon/status…
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Apr 20
$mer.to
Stifel Nicholas just shifted gears.
Feb: 2.1M
Mar: 0.6M
Apr: 2.1M (and counting)
~4.8M shares net now.
When buying speeds up like this, it’s usually for a reason - and someone is clearly building a position through this channel in a hurry.
x.com/CharlieFlorimon/status…
Apr 8
The appointment of Stifel is part of Afentra's strategic efforts to align with partners that can support its growth and development in the African oil and gas sector. Stifel is also a net buyer 2,794,885 $mer.to sh this year with the bulk in February.
x.com/CharlieFlorimon/status…
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Apr 19
$mer.to EG-18 had an early issue-part of it spilled into STP. Now Petrobras has taken control of Block 3. That removes a key obstacle and signals clear strategic intent. With 80–90% of the prospect in EG-18, if you’re chasing this play, EG-18 is the prize!
x.com/CharlieFlorimon/status…
Apr 17
$mer.to Wow. Petrobras, farming into multiple African offshore blocks right now, just took 75% of Block 3 in São Tomé.
Block 3 sits right up against EG-18 ($MER.TO) out for farm-in. Entering a new basin, you don’t want to get tied up in cross-border complexity.
Connect the dots.
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Apr 17
The Capital Group (American Funds) taught me decades ago when you go through a hard selloff, buy quality.
Today's $Oil buy list:
Talos Energy
GeoPark
Woodside Energy
PetroTal
Vaalco Energy
Meren Energy (Africa Oil)
Gran Tierra Energy
Petrobras
Tag Oil
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