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PMG Share Chat - RSS Feed

Parkmead Share Chat (PMG)



Share Price: 118.75Bid: 116.50Ask: 118.75Change: 0.00 (0.00%)No Movement on Parkmead
Spread: 2.25Spread as %: 1.93%Open: 119.50High: 120.00Low: 115.00Yesterday’s Close: 118.75


Share Discussion for Parkmead (PMG)


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cubasteve
Posts: 903
Observation
Opinion:Strong Buy
Price:122.25
View Thread (2)
RE: DECC information
15 Jan '15
The North sea needs a permanent 50% cut in Tax , with a Zero Tax for the next 2 years to kick start it . Cuba
 
danawinner
Posts: 1,362
Off Topic
Opinion:No Opinion
Price:122.25
View Thread (3)
RE: danawinner
15 Jan '15
Trap, bless their cotton socks actually paid $900,000 to get out of their hedging arrangements back in September, so I can;t see that they would have agreed to have their slice of Athena to be hedged. Muggers buddle if you ask me. Since I swapped out of PMG to iAE on 22nd Dec, Pmg are down about 15% and IAE up about 10%. Bought into Enquest yesterday at the bottom, and it seems that they are becoming a buy recommendation at these levels. IF oil has bottomed we should all do well. Time will tell. DYOR and GLA.
danawinner
Posts: 1,362
Off Topic
Opinion:No Opinion
Price:122.25
View Thread (3)
RE: danawinner
15 Jan '15
Ithaca' total daily production from all their fields is reported as being 12,300 bpd, of which they have hedged 6,300 bpd. If they are trying to bleed Trap to death to get their slice of Athena I think they may be reducing output from Athena to their own break-even level, with a view to it having a nil income effect on Trap. I would have thought that each company is responsible for its own hedging arrangements, as I can't see anything else working. Ithaca are unlikely to give away their hedge margin away to other Partners when they need it for all of their own production. Might be wrong, there could be a Partnership agreement in place, but last time I spoke to Guy Stroulger, which was in about October from memory, he was against hedging, so I can't see that PMG would have agreed to it. Hindsight is a wonderful thing.
Ivemadealot
Posts: 738
Off Topic
Opinion:No Opinion
Price:122.00
View Thread (3)
danawinner
15 Jan '15
i read your post on trap but i have not checked into it yet. You think ithaca have lowered production at athena to the max that the hedge is covering to we still get over $100 on all production.
Ivemadealot
Posts: 738
Off Topic
Opinion:No Opinion
Price:122.25
oil
15 Jan '15
back over $51 now. follow suite pmg, even ithaca and gkp are up quite a bit, pmg always seem to follow delayed.
Monkeynut
Posts: 682
Off Topic
Opinion:No Opinion
Price:125.00
View Thread (2)
RE: Saudis
15 Jan '15
If oil drops to 20.. this and every other share on the market will probably plummet !!
scruffadooo
Posts: 192
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:120.75
View Thread (2)
Saudis
15 Jan '15
I've read everything I can find about the Saudis tactics who control 13% of the world's oil.. They say they're prepared to maximise production and sell their oil as low as $20 a barrel for as long as it takes to shut down most of the world's high cost oil platforms not to mention shale outfits. In due course they will then close down their own production and watch the price ROCKET to god knows what $150???? Where does this leave Parkmead? I think our sp will drop a bit more and then steady before the great woosh. £1.10? Thoughts anyone?
Ivemadealot
Posts: 738
Off Topic
Opinion:No Opinion
Price:121.38
Mary
14 Jan '15
Not the end of the world if it does buying now if it does drop to £1. Bet loads will pile in so £1 be very short lived. 6% up Brent got to give a good start tomorrow morning.
MaryMullins
Posts: 281
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:121.38
View Thread (3)
RE: Pmg 7.6p!!!!
14 Jan '15
Hi Ive, you did better than me. Two trades one through LSE @ 114.81 and one through ISDX @ 116.65 and a few IAE to celebrate. That's me done until April whatever happens. Probably be shaking our heads in a few weeks time when it goes under £1. Let's hope not.
GLA.





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