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Msmarkle
Sentiment is changing in the oil and gas sector.
This could turn around very quickly on any material news.
Some of you like me bought in at the beginning, after Dana. I’m hanging in because I invested 16,000 pounds which are now worth less than 5,000. I also moved from the Uk to Canada a few years ago so selling them will be difficult. There does seem like some optimism from some of you, so fingers crossed.
Interesting - Zennor petroleum got taken out by NEO a couple of days ago - NEO were already a 15% holder in Athena.
Now also a stake in Skerryvore/Ruvaal, and Platypus where Zennor were also in cahoots with PMG.
NEO are spending like crazy.
@Davde,
Thanks for your honesty.
Only 180p, That's cheap!
I held shares before the consolidation in 2013, my highest price paid is a princely 225p!
It has been a long painful road thus far.
Nonetheless I am still positive about the future. Our assets in oil, gas and renewables gives us options to pivot any which way the wind blows.
Good luck
@NoQuestionMarks started buying 2014 first 1,000 was about £1.80 if i recall! Average now low to mid 50's so under water but happy. The oil side of business has been impacted by oil price events over last few years but think we will see positives in the coming year or so. Expect PMG to be cash positive in update but that depends on development spend in last 6 months or so. At current SP very little downside imv with plenty of upside in coming years. I like PMG's cautious approach with minimal debt, whilst it can be frustrating, it does protect our investment and I like that being a cautious investor these days!
@Davde,
Timing.
I bought in several years ago, and have added on the dips to leave me with an average price of 72p.
If only I would have listened to my head and waited I could have had twice as many shares with an average price under 35p.
Do you mind sharing your average?
@ NoQuestionMarks You may have let your heart rule your head when you invested in PMG but I think most who invested in PMG did so based on rational thinking!
Hello all,
Curious to know how we are faring with our oil portfolio's now that oil is on the rise and Covid is looking to be beginning to be brought under control.
Mine is at dead even after today's close.
I have 60% of my portfolio in Royal Dutch Shell (B class), which are up 25%
I have 5% in Deltic Energy which is up 110%
And.... 35% in Parkmead, which is down 50%.
Parkmead has been the laggard of my oil portfolio for what seems like forever, as many others I let my heart rule my head and bought in at over the odds.
However, whilst I'm not prepared to sink more money in to such a small outfit, I am confident that I will see my investment in profit at some point in the (hopefully not too distant) future.
Some praying and lots of ramping, is there anything else that could help float this boat ?
The North sea basin is in full flow all the opportunities are there to recover the last drop of oil from the fields..... sanctuary for oil companies and fund companies where there is no volatile risk from warfare factions .
Parkmead will get the GPA up and running there has to be interested parties at the current prices....Tom maybe just has to give them a bit more of the cake !
You don't sound like you are very good at this investing malarky msmarkle?
The assets are there and will begin to be monetized soon IMHO. Oil prices now looking favourable for new developments to get the green light. Very little downside from here with the SP more or less covered by cash and property. AIMVHO
Well I’m praying......had these far too long, nothing in return. Complete waste of money unless some miracle happens.
What is crazy is the current SP as current cash, farm assets and gas revenues are not fully reflected in the SP. The longer term SP valuation depends on which of the proposed projects come to fruition in the coming years and when. If the oil price level is sustainable then the oil projects are much more likely to progress with subsequent impact on SP.
Unfortunately I would tend to agree...
My B/E at 60p is looking a distant future at this rate, I do hope I am completely wrong and eat loads of humble pie!
There has certainly been some crazy valuations given here, even £1 looks a tough call AIMHO.
You are not alone mate cheers.
I've held some of these for many years now and traded a bit in them too.. I only look in on this bulletin board occassionally and far more in hope than expectation .. and the 2.50 ish whatever placing price being the Take over floor is so well used that it makes me laugh .. I'd take 100p and run !!!
..but hope spring eternal .. and now that Brent is strong again, here's hoping that something even remotely meaningfully good happens at last soon... as this has been an utter dog - with fleas - for such a long time now !
PS they say all boats rise wth the tide.. yet this still isn't.... ruff ruff !?
would you considr prayer MSmarkle
I bought nearly 90,000 of these shares back in 2011. After consolidation I have around 5960, which are now worth a fraction of the price. Any advice anyone? To get my money back these shares need to go around 2.50!