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So good so far.
Tequila.
Zama will be fine and PMO will rise again. Mexicans usually get it right second time around.
Hence refried beans.
Why did the Mexican throw his wife off cliff?
As a recent investor I cannot be expected to have anywhere near the same level off knowledge as people who have been invested with this company for longer ..I have only just learned where Zama is on a map !!! But we all have to start from somewhere like the first time you learned to drive a car ...Okay Premier shares fell during the latter part of this week but they are doing no worse than any other oil company ....Just look at B P ..Shell... Tullow ...Like Premier they all have their own issues / problems etc...but with the very recent larger than expected oil drawdowns being reported in the U S A over the last few weeks possibly becoming a recent trend all these issues will not quite seem so major assuming the price of oil continues it gradual upwards march...All of a sudden there will be a rush to buy shares in oil and then the period we are in now will seem like a distant memory ..Just need to keep the faith ....Regards Lenin ..
Lenin
Why is it risky to short when the company makes statements like this.
It clearly states equity funding.
Lambs to the slaughter, DYOR, only for the brave, next week will be enlightening for some.
As previously announced, post period-end, the Group's creditors approved the proposed acquisition of the Andrew Area and Shearwater assets under the amended terms, subject to finalisation of the sale and purchase agreements with BP, agreed refinancing terms and equity funding. In addition, the Stable Platform Agreement, under which the Group's financial covenants are waived through to 30 September, was also approved by the Company's creditors post period-end.
Funky
Love these boards
TA by novices
Rampers galore
Poster policemen
Gotta love retail
Yes ..it is risky to short this stock at the moment ...the last time Premier was at these levels was just before the spike upwards in early June ...Then the price of Brent Crude was below $40 dollars a barrel with a much less clear path of direction of travel ....This week Brent Crude briefly managed the dizzy heights of $46 a barrel before falling back a little ...It will be interesting to watch midweek to see if the bigger than expected drawdowns of oil in the U S A will continue ...At some point this can no longer be ignored by major investors....Lenin
on the daily time frame looking very nice for a move up imminently. I certainly wouldn't want to be short in PMO at this point imho.