I'm not sure about hitting bottom yet, jeffry. Even though PTR's oil is sold in Russia the PoO affects sentiment hugely - even companies that have no oil interests are feeling it worldwide. PTR seems to be fslling and rising with the PoO. I think the question is whether oil has hit rock bottom or not. That remains to be seen although by all accounts the PoO should recover somewhat later in the year anyway.
Regardless, Natlata are now buying PTR shares for 4 years now (or is it longer) and between them and GI hold 40% of the company. After Natlata's failed coup in 2014 they have still continued to increase their holding. So, with companies buying huge chunks of shares, Petroneft being debt-free (for now), the PoO set to settle by Q4, the makeovers from December and Sib's new largely incresed reserves, Petroneft is looking very good. I'm on a free ride but I might top up as time goes by. I'll see.
Questions - will the hoovering up take it below 1p ? very easy, see how Tosca have take SLE down to buy up the stock - often happens and it's the stock holders who suffer - very interesting unless you hold then it's a mare
Love this question stance - how long will some distance themselves from this train wreck
Natlata still hoovering up shares. Between them and GI they have 40%. Still quite interesting times ahead. Hard to say what'll happen while the PoO stays so low. Can debt-free Petroneft carry on without a dilution until the expected PoO rise in Q4? Will a rise come earlier? Will Natlata/GI make a move considering Natlata are still buying? Who knows but I suspect it'll get worse before it gets better. Still intriguing though.
Real skill here was predicting 2p when all around where talking 5 - the guys spouting about two concerns fighting over the stock and buying at any price - you would laugh if it wasn't so tragic - hopefully no one took them seriously.
The very fact this is tied to a closed market and quickly running out of cash should have set alarm bells ringing
Sad to acknowledge I was right about the sp. The sp drop was inevitable. Nevertheless, the PoO went up towards week's end so unless it drops again over the weekend we could well see an sp increase on Monday.
Spreading the love - I was told on here some moons back by some self proclaimed guru the PoO had lite affect on this stock - I guess a little knowledge is a dangerous thing - I was also told I would need a tommy gun to get this to 2p - no the market did it all by its self
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