The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No response to my email to ARCM. NO SURPRISE. But would be good if all small investors emailed them.
You pay too much attention to andypop. He advised everyone on here over and over that pmo would see 40p before it would see a pound. Despite his knowledge of the convertibles which was also flawed as it dictated a conversion price of 104p. And to achieve it sp rose to that figure despite fundamentals. It dropped to 80/90,s after and then rose to circa 140 on fundamentals i.e. oil at 86usd. Like a signal to markets the kashoggi murder in istanbul sent oil into tailspin and it dropped to 50s as did pmo sp. If their short position is accumulated in the period of spring to autumn 2018, then they are still in profit so long as sp doesnt keep rising, maybe thats why they disclosed when they did to try rein in the rise.
It,s also possible that some form of capital raise is essential/mandated for S/L. That could depend on how much money is made on Zama. Personally i dont believe zama will net more than 300million but i will be happy to be wrong.
Funding SL. In the "long" term how can capital raise be so bad for SP. In the short term of course its is a pain but adding net pre any farm out circa 55kbod of good oil at forecast sub 40BE can only good in long term. Theres not that much oil out there thats got these economics.
Im hoping that this alaska drill results in another asset sale, remember that there are 2 elements to exploration and production. Element 1 is finding and proving up, developing or selling it. Developing is element 2.
Catcher reserves upgrade, charlie 1 drill, tolmount on schedule, zama sale, infill at solan, etcetc all looks positive.
Refinancing is for sure more complicated considering the types of lenders involved. But Rose and team are well capable, and likely risked the 2017 refi from all angles including HF lenders.
I made lots of money on pmo despite andy and his thousands of fear posts, is that not what were trying to achieve.
Anyone investing in oil needs to have lots of time and steel balls. Look at TLW last week. Same as PMO just years later.
I remember a post quite a while back about TD saying he would be travelling to Asia to discuss the shorting with the lenders.
Extremely sparse information on ARCM website.
Peter, its good to be reminded about how volatile this share is and given theres only been good news and improving fundamentals over this period, you can only conclude this is the effect of share price "manipulation" by shorting activity .
The good news is the good news continues and your post is a timely reminder how quickly this share can recover . If only TD can convince everyone that a rights issue is definitely OFF the table.
Roll on the new year !
What was the reason for the drop in PMO shares from "Oct 3rd 2018" £143.70 a share price to 54.70p ?
Oct 2nd shorts were at 13.87% and the start of a build up to 20.03% on 14th Jan 2018 (PMO 12/01 £0.99 15/01 £104) then shorts all the way down to " on 30th Jan 2018" 4.45% and PMO at £0.88
Why would they start shorting after the news on 12 September 2017 Proposed Sale of Wytch Farm Interests for 200 mil ?
5th Dec 2018 Premier Oil PLC Mandatory Conversion of Convertible Bonds was the only news out and started the decline in the PMO share price from £1.41 all the way down to 54.70p on Dec 27th 2018 ( what a Christmas present, NOT)
Could the shorting have been the result of the suggested (PMO's) interest in the sale of Chevron's north sea assets circ $2 billion that the FT published about that time frame ? and thoughts of of rights issues to spook the market so to cause the share price decline ?
11th jan 2018 a good trading update (catcher) shorts big reduction hence the short lived rise 99-104
And what of this latest undeclared short, with all the good news about, I know its all about hedging against the loan but it is spooking me as to how it will reduce.
sorry about the grammar.