Oil has always gone up and down over time just look at the history. Hold on wait and see and the share will bounce back but it will take time. Tom needs this to work or he has no pension. I might buy a few more for a long term punt for my 4 month old son as oil will bounce back
most oil companys are under pressure oil prices took another dive today,hitting lows,remember they made a loss in there last results,dont really see much up side short term unless there is a recovery in oil best avoid I feel
Yes viewfinder I was at the event and the board seemed to have the low poo situation in hand, Athena was spoken about in depth where the fpso was due to leave with no penalty to the company's wealth. Athena will be plumbed into the pdl hub along with several other fields reducing production costs to all participants in a 30mile radius.Preparation for the future is the main state of play with building up local reserves of oil the goal. Gas production is to be the bread and butter for Parkmead till a recovery in poo is realized .Parkmeads s.p. was shown to be following poo although to my understanding it shouldn't be (hay ho).The company's significant shareholders were said to be understanding of situation ,with fidelity building a greater stake .Skerryvore was a topic of drilling but demand for it was low.The boards experience and planning should boid well, and I left confident parkmeads future was in good hands.
Is it possible T.C has lost the plot, I appreciate a lot of folk will say he is brilliant, but the share price is being eroded daily, ( O.K. oil prices are extremely bad ) but it doesn't reflect on most of the other oillies in comparison. Can anyone confirm that this is the lowest the share price has ever been, from any of the charts I've seen this is definitely the case, and what about the gas being a natural hedge against oil prices.
i didn't phrase it to be derisive in purpose. I was genuinely trying to work out why on earth TC would do a placing at 120p. when industry/economic experts were saying we weren't out of the woods for the crude slump.
Strangely enough we have a project team still working up the Orlando Subsea Development - was thinking that finance to first oil would be tabled to Iona, but probably not as simple as that. Will be interesting to see what happens with both AP and Iona assets.
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