Think rns very soon as popped up today really cannot believe how cheap this oiler is...
15 Aug '14
Both logp and pvr up today....so bought in here in hope of irish oil kicking off soon......only 8 m mkt cap...can this be right?
2 Jul '14
RE: This PET...is
I hate to say it but I don't think this will ever come good. I can see an occasional spike on the cards but apart from that, I think this is going to drift under 5p and lower. Here are the facts: IRAQ: The political situation in Iraq right now is awful, the block 6 oil field PET have interests in are in a war torn part of the country which quite frankly show no signs of stabilising in the next 5 years, maybe ever. PET have got a million to one shot of ever getting oil out here. If Iraq carries on the way it's going, they can kiss the licence goodbye. Ghana: No chance of this ever coming good. Ghana is a corrupt country and the dispute over the oil field here is going to hold this one up for years. Ireland: No commercial oil discovery ever been found here, and this is likely to remain the case for years. This is PET's only hope and to be honest it's not looking good. I sold here at loss months ago when we spiked to 19p. I don't want to be doom and gloom but my advice would be sell up, and invest your money elsewhere. REM are looking very tasty right now, no point sitting on dead money here, it's only going to get worse.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.