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Kraken.
PMO shares ARE suspended for 2 days and you will not be able to buy or sell PMO on Monday or Tuesday. I have no idea where you get you information from! The reason we have got 5% as opposed to 5.5% is a sort of good thing. The debt holders have opted for more shares rather than cash and while we have a smaller % of the Group, Harbour now has $175m more cash.
Have a look at short tracker, 17.2% for PMO. The highest one in London market.
Please do a simple caculation and comparation between PMO and TLW, such as annual production, total volume, cost, and share price.
I left PMO in my wacthing list half year ago, but I will wait for 1st Apri to see what happen then.
I'm very new at investing in shares and have some in PMO. I read of a merger and am wondering how these will effect my current holdings. If I sell now i lose around 4.5% which isn't huge. I'm just concerned if this goes bad I lose a lot more. Any advice would be great. Thanks
Care to elaborate?
Thanks in advance.
Suez Canal blockage going to send the oil price back up through the roof? Doesn’t seem to moving very quickly..
I was hoping for 5.5%
We only get 5% of the new company not the 5.5% as originally quoted
Will not be suspended, PMO’s shares will keep trading right up to the end of 31st March then will open on the 1st April as The new company automatically transferred and will trade as normal.
No suspension
There will be a lot of new investors flocking here and they are people, all of whom will have to learn about SK’s unique sense of humour lol
Probably a good Idea to forget these messages ----Especially SK
News on Bloomberg yesterday may have some bearing on the Premier (Harbour) involvement in the Zama oilfield .
Quick question or two.
Will this turn into the Harbour board or will all these messages be lost and a completely new board start?
If there is a new page, when will it become live?
The one factor that will influence the share price in the short term (other than oil price) is how many and how quickly the creditors sell their 3 billion+ shares.
****ing Mexicans, stick to narcotics and leave the oil to us.
Let's hope it's a safe Harbour ;-) and most of all prosperous. I had to hold as I'm sadly feeling my hold will be very long!
Motley Fool article
Why I think the Premier Oil share price could keep rising in 2021
Roland Head
27/03/21
Or it could be reverse psychology by MM's, trick normal investors into a sense of comfort , only for them to get slaughtered on first day opening of new company lol
Wouldn't the last day of trading be a lot more negative for PMO ?
Just my opinion, i think the price will hold, or be just a few % above on the first day of opening of the new company
I suspect, and hope, that Zama unitisation can be resolved without need for arbitration. No deal is better than a bad deal, someone once said, and this holds true for Zama.
As for your comments about the Falklands, it was looking unlikely that Premier would progress with later phases after writing off $200m of investment last year but maybe Harbour Energy will take a different view of the risk/reward profile of Sea Lion. Exciting times ahead and much for our new BoD to ponder. I'm sure they have already been hard at work in preparation for the merger completion and I look forward to seeing what is planned for the next 18 months or so.
Talos and Premier have notified the Mexican energy ministry that they have been unable to agree unitisation (split of shared oil field) with Pemex re Zama. accordingly it is now up to the Mexican ministry to decide on split. I wonder who they will favour - their own state owned oil company or a bunch of money grabbing gringos looking to pillage their country’s assets.
Fortunately the ministry’s decision is not mandatory and Talos can refer for international arbitration. The bad news is that this could take 12-18 months if it goes to arbitration. Hopefully this makes Sealion and the Falklands more appealing than Mexico. I would love to see Falklands Oil developed and give the Islanders true independence. Many soldiers and sailors lost their lives for the independence of the Falklands.
It's looks like a proper disaster is unfolding in the Suez Canal. Today's efforts have failed, next attempt is Monday. If that goes wrong it will take weeks. We could see dramatic increases in the oil price at this rate.
Currently Brent Crude is trading at USD 64.55 up 4.6%
Bye bye 26.......... Hello 26 (ish). The markets wouldnt miss out on this if the jump was so obvious. Maybe in time it will get to 30 plus but not for a while. GLA
By By 26p ..............................Hello 35p
Bye bye PMO
HELLO HARBOUR!