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downbutnotout
Posted in: PMO
Posts: 15,516
Price: 19.81
No Opinion
RE: Ooooh16 Sep 2020 16:51
will1734 you made me sell my BP at 256p. 258p would have been better. i bet tomorrow it goes to 265p.
i did say down day for SP. other oiles down too. BP under 250p.
You can dress it up as you like, same outcome, call it u will
The RI
Won't be long until the hurricane is gone and production restarts, oil tanking on the expectations, there's Libya as well, but that will fall apart again soon enough
Restructuring must be close to completion by now, we all know whats following that
But their market cap is 105b. 105b of equity v 87b of debt
PMO is in a different magnitude.
For all intense purpose the company is creditor owned. Under 200m of equity v just under 2billion of debt.
There's no comparion with Shell.
Just had a quite look on shell BB and learned shells net debt is 87Billion!? And we get slaughtered about survival? At least we can drop an asset(hopefully) and cover very large percentage of that debt and restructure from there.
DBNO petrofac being shorted by the big boys mate
even the good oilies are down today. Petrofac (PFC) too.
Not low enough yet...sub 18.50p my entry and no higher..glah
you are like amateur investor
and back under 19p she goes.
dropping wee bit now. mmmmmmmmmmmmm
don't panic Mr Mannering!