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Absolutely TR value will out, if patient enough to wait.
Beerbull,
All the time, the SP is being kept down with these results and better news, just makes the company more attractive as a takeover. Potential purchasers will see all the value being added and it will look too attractive not to buy one day in future.
Shorts have to be very careful going forward that they don't get caught out with something like this, as would cost them a lot of money.
Oil staying up is the key to everything now.
Should read £1.50 to £2.00 (not £150.00 to £2.00, although wishful thinking)
Am I being a bit grumpy, Tolmount will gross circa £1.5 m a day to PMO, but sp up only a few percent. Market is so begrudging.
Great drill PMO- well done.
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Blimey i'm a few groats above break-even now.
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Leak? Look at HUR's recent flare piccy taken by someone on a nearby platform/ rig. (Sp made a v. small rise (I sold and came here).
It will be interesting to see whether we stay above say, 80p or will the gulls pick this down now. GLA
Giblets,
Yes looking forward to 2020 as long as oil stays up will be good for Premier.
If the the shorter leeches leave premier I can certainly see this SP end of 2020 being £150.00 to £2.00.
If that was the case I would be delighted and would be in big money. Wish I had the time machine so I could look into end of 2020 LOL
Anyway well done to all that was holding the last few days.
5. Alaskan drill Feb 2020
Cash, the UK parliament is corrupt, so we don't expect any protection from any government department.
I don't want to take any shine off this good result, but it proves you have no chance in this market with Institutions.
That's why when companies SP's start to drop, it's natural to think, does someone know something.
Nevertheless good news for all long-term holders and happy that the sp is up.
TR61, it's a corrupt world.
Just think forward to 2020, in no particular order ofcourse:
1, Zama sale.
2, Tolmount commissioned and online.
3, Sea Lion FID, sanction and the ever looming possibility of a new partner.
3, Refinancing on more favourable interest terms.
4, New acquisitions and exploration with enhanced FCF.
All transformational for debt reduction targets and growth, anyone care to add to that?
Will the FCA do anything about it - absolutely not as usual -
TR61 - abso*******lutely . . .
Its is so so obvious news was leaked - good ole' Tone
FCA really has a cut and dry case here IMO
Nice to see a tick up with this news, but .......
Fu*king annoying that others had this information and were trading on it a few days ago, hence the change in Flow of how PMO SP was acting.
Could be seen as insider trading when by the time news is out, many have filled the trough. Just the same as when there is any bad news that everyone else has had the chance to sell before private individuals get out.
The corrupt stock market as usual and as Cashferret says, all his mates know about the news long before anyone else.
But a good result and nice to see SP up again. Let's see now news out if couple days, they back to trying to take this down again or finally, they going to start closing shorts.