Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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I’ve been buying on the dips here, building a position for next year, my average is very low and I can’t see it dropping into the red again so looking ahead and targeting 1.20p plus is my aim. Patience is the key.
PMO has been my best investment ever apart from a £20k gamble on Ukog before it rocketed.
So any thoughts re the TU for tomorrow on the points raised ?
Whos buying and whos selling in advance ?
Careful SK, you'll have the smut police on your case with talk like that. Some here are a tad 'sensitive'.
I think Opec have done a bloody good job if you ask me.
Sauer - do you play the piano?
Brent around $45 -$50 is about the right balance in the current conditions.
Opec have worked so hard over the last few month's to balance the market, why would they ruin it now ?
They will keep a very tight balance on supply/demand until we see blue sky's ahead, no one can handle extremely low oil prices and no one can handle extremely high oil prices. Opec need to weather the storm as we don't want a superspike . I think Opec will keep the cuts as they are but ease it slowly as oil storage returns to normal levels, and that wont be until year end in my view
Thats the question Kilgeever - when is time to buy in. TU could send it plummet or a short burst up but general market bias is down currently.
OPEC and PMO TU similar times - a dangerous or fantastic combination ?
Well said.
All main points covered I think.
Nothing to worry about then.
How low can it go and when to buy...
Will the trading update provide enough to turn it around? Will oil slide further?
Much to consider.
All important to see what rabbit (or Ferret:) he can pull out the bag - what to expect IMO:
- i guess we can expect Catcher to still to be performing (hopefully on target), any maintenance to downside will be negative.
- Any news on Zama will be unlikely (pretty sure they will have to wait se Talos outcome with Pemex, which they already said will be weeks/ months.
- I am keen to understand updated/new hedged position
- BP asset purchase - lets see where this is going
- Key for me is some direction on Rights issue (clarity of what vehicle he is using and the mechanics of how it will work, then we know dilution - please Tony, dont screw this up
- debt reduction is also key
- Tolmount re-assurances will be nice
- Sea Lion - dont waste money on this now, concentrate on propduction, cutting OPEX and CAPX and reducing that debt pile
- Keen to also understand update on ARCM holdings tied to the covenants