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I value your opinion sankeys but i think you are wrong on this point. PMO have already indicated its intention for SL funding. Look at FAQ,s. If the fund raise it will be to buy producing assets.
Let’s hope Amy’s Wong...pretty sure premier said last half year results that they only do reserve upgrades at year end. Not entirely sure why.
Sankeys, if premier are going for export credit, are warrants/dilution a genuine possibility? I must admit I don’t know much about this, but I’d assumed it was going to be straight up debt plus vendor financing.
Stock on loan is better. Eventually the stock needs to come back. Premier_oil doesnt need to refinance till 2021 but doing it in 2020 because it can. And believes it can get much better rates than it did in last refinancing malarkey.
Olivia be back up just doing its usual. We just need results to be reasonably good. Oil up would be great. 77p tomorrow? Anyone? Il keep my fingers crossed.
The company concern is the near 25% stock on loan, far higher than any of its peers. These iis know more than us, they are not always right and they are not shorting against current fundamentals which are positive. I don’t buy a macro short on oil or the economy, it’s PMO specific.
At a guess it’s either they expect equity to take a hit with refinancing next year or the Sea Lion finance will market include equity dilution and/or warrants.
brent down since LSE close. $60.30 same as where it was at 8am this morning. US markets held onto gains.
Oil having its snakes and ladders moment. Up and down like a bleedin yo yo, just need it to get out this range, as guess investors want to see a bit of stability over $60, but always struggling to hold its gains lately.
I told you they expecting a resource upgrade on catcher. No field keeps pumping out 66kbpd for this long. Pmo is holding its cards very close to its chest. Plenty of oil in catcher.
For the oil explorer's first half results, UBS's Amy Wong expects markets' focus to be on the outlook for production at the Catcher field, including a potential resource upgrade, progress on it Wahoo and Zama wells in Mexico and on its Sea Lion loan application.
On 17 July, the company had guided towards full-year production of 75-80,000 barrels of oil equivalent per day, a reduction in net debt of more than $300.0m, operating expenses (excluding lease costs) of $12.0 per barrel of oil equivalent and capital expenditures of $340.0m.
Beerbull, he probably hasn't got any coins left to flip, what with his latest venture into KAZ. We should be pointing out to him that KAZ is in a downward channel, and that he should "be careful".
Tolmount was spudded 2 weeks ago so news should be due on that front soon
DBNO keep flipping the coin, eventually it’ll land on the predicted side.
It finished under 72.
Yay! PMO ended at 72.26p. There you go Mrd!
oil back down. targets i've posted over last few days still stand.. 1st target WTI 54.47
i believe oil holding up as its getting support off the 50DMA. once that breaks you know the rest..
EIA
Forcast - 1.889m Actual -2.700m
And the draw was bigger than expected, so not a total let-down.
at least it isn't a big build could have been worse... I wonder if PMO will move tomorrow on a good report
Crude down. Diesel up. Oil went up oil went down! No help EIA!
Come on EIA help us out for once!
Just 72p finish be nice. Then add on 5p for great results fingers crossed
Seems she's going in the opposite direction to that suggested by he/she who is "right most of the time". Nicely above $61 at present. Might give PMO the kick up the proverbial it so badly needs.