I'm happy to report I was wrong on Pavel's upgrade. I can only surmise that he's not only confident on elections moving ahead more or less on time but also supremely confident on very positive T2 results.
i don't see Pavel retracting anything. Sell side analysts are loathe to do that especially in this case where other catalysts are more imminent. However, the pps action is surprisingly strong (52.50, +3.6% on decent volume at midday). Something else is driving that. Personally, I'm less interested in hearing about the off-again on-again election and more interested to hear about the NEC Gulf LNG debate and seeing T2 proved up this week.
Makes no sense ed. We were in mid-50s before the election deferral and Pavel's downgrade, so why would (if he does) a reversal of his downgrade jump us to 60s?!! Zero sense in that statement. Hope you aren't really expecting this to happen.