Sonofthebull , so you admit that he's down . For the record I attended the AGM and am aware what was said re Perth and the Southern North Sea .....I spoke to the man myself . It simply appears that most effort is targeted towards these two plays not forgetting the Netherlands which pays the bills . All the eggs appear to be in two baskets which may or may not hatch in the foreseeable future .
Roadster66 There was no jam tmrw at the 2016 AGM....... Cross askedvfor patience and told us he was accumulating reserves.. He also stated that Perth FPD was gathering pace. What Cross has in mind For Perth Hub will garner nearly 1 billion barrels of oil. Not a lot of oil companies can boast that ! Buy at the bottom and reap the rewards in 5-10 years time. After all Cross said the Hubs life was 30 years you should remember that instead of kicking the man when he is down !
Hi cjgoldsmith , I have emailed PMG in the past and I admit they do reply and at length but the content while highly technical does not entice me to invest any further . As with many others , I am a long term holder i.e. I have been holding for a long time and I did expect some advance by now . Every AGM it's jam tomorrow . If only we weren't treated like mushrooms and with a bit more respect we might feel better !
Email the team and they will be in contact with you. Last thing we need is a powder puff interview being all vague about M and A. They've also cut G and A and are cash generative. Its a slow burner I agree but a good opportunity as I think the market misunderstands PMG. Im accumulating at these prices.
I tend to agree with Dukekyla . For too long we have been subjected to press articles promising "cheeky wee bids" , "we are looking at various takeover possibilities" , "we are all working non-stop in the background" etc but for a long long time we have had virtually no substantive news since around 2014 .... ..certainly no news which would set the heather on fire . As private investors we must own around 50% of the shares and as such we deserve to know what is going on and what the company's strategy is . Mr Cross has become renowned for his unwillingness to provide information . Contrast this with the CEO of Sound Energy . It's chalk and cheese . If I wasn't so heavily into PMG I would seriously consider pulling out .
Unfortunately your Chairman will just ask you to look at the natural gas price trend, which although a hedge against low oil prices, doesn't help Parkmead, unless you can turn the valve wide open. Personally I have added and will be looking at 45p as the bottom - I usually find I don't reach it, hence a tad of pound cost averaging.
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.