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Hahahaha, I think so to, and to be honest I wouldn’t be in if I thought it would go down, why would you do that.
DO you think there will be any increase/decrease in price from merger?
On or after 1st April am expecting a number of RNSs showing major shareholding positions. These should make interesting reading.
It will really be a different company without the large short positions.
I think last day of trading is tomorrow. Then the shares are suspended on Monday until the start of trading on 1st April whilst all the short positions agreed with the company in February are then converted into equity holdings. Not exactly sure how this all works in practice but it clearly takes a couple of days to sort it all out behind the scenes.
Should be a very exciting week next week and looking forward to the first Harbour RNS.
Including trading on 29th ?
Trading including 29th ?
I believe Harbour Energy starts trading 1st April.
Shares will be suspended from 29th till merge completed on 1st
I know this has been asked a million times but I ha e been through the posts and can't find it
Could someone kindly tell me when PMO last day of trading is before it changes to Harbour
Thank you
We need it moved, the refineries that burn through the oil need feeding otherwise we start seeing storage increasing.
Its having a negative affect on oil prices now , this isnt a normal market nowadays
jab and they are vaccinating over 2.5m people a day.
The UK has goven at least 1 shot to over half the adult population.
Even in the EU 14% of people have had 1 dose, or 14 people in every 100.
We are lucky. Not only do we have a vacine, we have several that work.
The whole WoRld is on th all be it quite long road to normality.
The consumption of oil MUST be increasing daily.
All IMHO.
which will cause chaos.
Few more for me, buy the dips keep increasing my holdings going into the new company when al this manipulation can't be done.
im in big come say hello https://www.youtube.com/watch?v=npZ93XsTORQ
Back in for 63,000 shares
Let's get back to 30p
Have seen many small trades going in on this one. WHY ? Not worth the outlay for the return.
The problem is that to save money they did not build roads along the side of the canal. You would have thought that just in case such a thing as this was to happen that trucks could then roll up and assist, but there's been no planning for it. The sides of the canal are soft sand, indeed the ships can only go through at, I believe 9 knots maximum otherwise they damage the sides of the canal by pulling in the sand! After the ship has been there for a few days, it will become increasingly more wedged in as the canal is tidal and under the surface, currents are now pushing sand and sediment increasingly against the keel. The result is that frankly by next week, they may not be able to move her. This is a very heavy fully laden ship, slowly sinking into the bottom of the canal. How on earth are a small number of towage vessels going to pull her out? You might as well attach a few camels to the ship from the shore and try that way!
Hopeless, but should be very positive for POO.
Clearly the Egyptians need to give serious consideration to doubling the width of this waterway to avoid this problem in future!
There's a major high tide due on Monday, but if it fails to move then, then the vessel will take weeks to be moved. This is going to be mega costly.
Going round the bottom of Africa instead adds two - four weeks onto the voyage, depending on speed of vessel and current position. This is definitely going to tie up an increasing amount of bulk oil carriers at a time when we were starting to get through the US stock pile. At this rate the POO should be recovering back towards $70pb fairly swiftly.
At least the Egyptians are on the case with a single tractor.
PMO will be changing thier profile to reflect our upcoming merger with @Chrysaor_Ltd
as they set out their vision as Harbour Energy, the largest independent oil and gas company to be listed on the LSE. GOOD TIMES AHEAD.
Havn`t seen the bow pictures in the dessert but this whale will take some pullin out. Next news is that it`s starting to break apart due to the stresses.
I`m sure that this will be the first option if the tugs fail to move it. If the dredge dosn`t work, then it will be there for a while. All looks simple on paper, but this vessel is enormous and will be settling even deeper as each day passes.
If it`s not moving on an high tide, then big lift cranes will be required to off-load the containers. This would take more than a few days or even a few weeks as they also have to consider the ships stability once it starts moving. Any delays will see an excuse to raise the POO higher.
its not affecting oil price yet SK , Oil price have already been sold off due to fear of further lockdowns and demand slipping away.
The canal is only at 50% capacity at the moment so its no big deal...........Yet
SK that like saying what if SA started pumping 20m barrels this afternoon. lol