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Parkmead Share Chat (PMG)



Share Price: 50.75Bid: 50.50Ask: 51.00Change: 0.00 (0.00%)No Movement on Parkmead
Spread: 0.50Spread as %: 0.99%Open: 50.50High: 52.00Low: 50.50Yesterday’s Close: 50.75


Share Discussion for Parkmead


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MaryMullins
Posts: 396
Premium Chat Member
Research
Opinion:No Opinion
Price:50.75
Just a view
Wed 20:58
Cheer up folks it is always darkest before dawn. It looks like we are close to the end game with Excite and Iona and the car crash that is Sterling Resources accounts, is worth a read.
Just for info for those who like keeping a track of things, as well as Skerrymore PMG have also relinquished Farne and Lundy.
http://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-public/xcite/xcite-energy-letter-to-shareholders-21-february-2017.pdf
http://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-public/iona-energy/iona-energy-letter-to-cva-creditors-22-february-2017.pdf
GLA.
 
Sonofthebull
Posts: 474
Off Topic
Opinion:No Opinion
Price:50.75
RE: What' is going on?
Wed 18:48
Roadster66 one basket will drain a billion barrels from the central North Sea. Gas is king and yes the Netherlands are paying the bills..... That rabbit will appear out of the hat sooner than later .
Roadster66
Posts: 117
Observation
Opinion:No Opinion
Price:50.75
What' is going on?
Wed 18:05
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 .
Sonofthebull
Posts: 474
Off Topic
Opinion:No Opinion
Price:50.75
RE: What is going on ?
Wed 16:45
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 !
Roadster66
Posts: 117
Observation
Opinion:No Opinion
Price:50.75
What is going on ?
Wed 15:56
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 !
cjgoldsmith
Posts: 277
Off Topic
Opinion:No Opinion
Price:51.50
RE: What is going on
Wed 15:08
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.
Roadster66
Posts: 117
Observation
Opinion:No Opinion
Price:50.50
What's going on ?
Wed 12:16
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 .
lezzils
Posts: 626
Off Topic
Opinion:Buy
Price:50.50
give it a rest!
Wed 09:51
Read the Wood Group report for a start. T.C isn't the messiah or even " a very naughty boy" The industry is on it's knees just now. So take this opportunity and build up your stock and be patient.
Mommur
Posts: 23
Answer
Opinion:Buy
Price:50.50
Re: What is going on
Wed 09:40
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.
Indipw
Posts: 65
Off Topic
Opinion:No Opinion
Price:50.50
What is going on
Wed 09:18
Mr Cross. Can you please tell your shareholders what on earth is going on with your company. You have a duty as Chairman to explain exactly what the problems are.




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