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Split hairs if you want. You better hope it goes through, the alternative gives no chance.
You seem to have trouble understanding reality, nobody (if they survive themselves) is coming for this anytime soon. The only hope is a new and ambitious PMO, otherwise this is 5p or less for the next 5 years and may even be 0p when they run out of ££
Correction Ralphybabes, but PMO IS the same, at least until the Chrysaor offer goes through, so please be accurate and stick to the facts.
Even then, other than TD, it's widely expected that PMO will continue to function within the Chrysaor empire, but perhaps even better managed?
Anyway, who says oil demand will fall after a COVID cure/treatment is found?
SL's not going into production the day after COVID is brought under control. By the time SL is in production, oil demand is likely to be more than can easily be met, with little or no new nuclear energy coming on stream and investment in renewables throttled.
It's quite possible that COVID will have skewed oil demand in our favour, once the dust has settled. Otherwise, we're all buggered, if economies struggle to recover.
I suggest you keep your head down, if you have trouble understanding the facts.
More nonsense Ovets. It IS a different PMO. Could be very positive for RKH, also could be bad if they cut the loses.
With the current virus disaster and subdued Oil demand for some time to come, maybe years, the quickly connected fields will be more attractive, even if they are on the smaller end. M&A will be more of a focus than bringing new and distant fields online. FI is still like a moon base.......
The ducks are not lined up.
Yes, FI oil reserves are a drop in the global ocean - as one "expert" pointed out, if FI proven reserves were to supply the World, they'd be used-up in about 4 days, but we're not talking about FI reserves in that context.
No infrastructure, eh? Agreed, not much built, but actually there is some building work going on right now, but much more important, key sites identified and planning already progressing. If you look at other projects, that's where most of the time and delays occur, so not quite right on that one either Ralphybabes.
There's no "New PMO" - it's the same old PMO as ever was, except without TD.
Chrysaor have shown their skill, mopping-up resources approaching the end of their life cycle, but this time, they appear to be picking up a brand new resource, with all the ducks in a row, and the FIG seem keen to get this thing going before it's too late.
I see Chysaor driving some very hard bargains, which indeed could include walking away from the FI, but I don't believe that's their objective.
As you so rightly say, Ralphybabes, bargains don't get left to rot.
Deluded post Ovets. SL and the FI are nothing in the Oil world and have no infrastructure. The new PMO might take this forward, they might not. Nobody else is coming for this, bargains dont get left to rot.
Petrochina predicting lpg gas demand to double , what price Johnson Gas?
Depends what your horizon is.
Short-term and of course oil demand is low, but that's of little relevance to SL.
Could be wrong, but as I see it, the oil majors aren't investing in new exploration projects, because their shareholders are looking beyond fossil-based energy, plus the fact that current demand is low, so what's the point in wasting valuable resources, exploring for something that going out of fashion?
However, if you're sitting on a proven mega oil field, with probably much more in the adjoining area, that's a different story.
Once some sort of cure/vaccine is generally available, then governments are going to have to revive their economies not just to undo all the economic and social damage done over the past year, or so, but also to pay for the massive debts incurred.
To do that, in the short term, they'll be forced to look at the cheapest sources of energy. So, very likely oil & gas will experience an unexpected new lease of life just to get humanity somewhere near where it was when COVID came along.
As we've seen, 21st century humans can't even tolerate a few weeks of inconvenience, let alone waiting several years, for renewables to fill the void created by abandoning fossil fuels.
Add to that the considerable instability of the Middle-East and calls by IS to destroy Saudi oil facilities.
SL (and the wider NFB) is ready to go ideally placed to fill that void for the period when fossil-based energy will be needed.
Surely less investment = less oil = higher prices as demand increases again? Or is that too simplistic?
https://www.bnnbloomberg.ca/top-trader-vitol-says-europe-lockdowns-mere-speed-bump-for-oil-1.1516088
Troubled times.....
https://www.rt.com/business/505011-oil-investments-fall-covid19/
UT was 231 shares at 5.55 according to exchange
https://www.londonstockexchange.com/stock/RKH/rockhopper-exploration-plc/trade-recap
I have it closing at 1630 and sp 5.70 then at 1635 dropped to 5.55 that must have been the UT
I was following the action on iii. From 16:25-16:30 the ask dropped from 5.97 to 5.55 but I couldn't get a bid in at 16:29 as the dealers had shut-down automatic trading!
Strange no uncrossing trade posted on LSE trades page today? ,and yes there was one, drop as usual
Ok, I give up on sp predicting!
Because its Rockhopper
Don't tell me, up 9.62% for the rest of the day, down 0.18% after close. Why?
Thankyou Wraith, seems to be resolved this morning although access to this thread is via different start point.
Yes, over the last few days, been experiencing the same problem, fuddstone,.....on some of the other boards, where we have shareholdings.
BW
Filtered chat fudd , if you don't fit profile, zap sanitized
WELL DONT put stop losses on the shares and brokers cant nick them
Is anyone else having problems accessing the chat during first two hours of trading?
I`ve had problems for 3 days now. Strangely enough I can access other chats?
Today the trades page stopped showing trades after 1040 then displayed the UT at 1700hrs very strange
As someone had mentioned earlier, this is clearly someone trying to beat down the price for the day, so that they can accumulate at cheaper prices tomorrow. The VWAP is 5.54 but just one share traded at 5.20, so that's the closing price.
There should be a securities law against it. This is brokers trying to steal from the small shareholders.
Tonights little gem
Date Time Trade Prc Volume Buy/Sell Value
28-Oct-20 16:35:28 5.20 1 Sell* 0.05 UT
Not sure how accurate LSE site is for trades but £50k in value for the day is nothing, if we were looking at trades worth £10k + at a time and a few millions shares exchanging hands then I might perk up a bit, but for now and possibly some time going forward, not much to see here. Just hope PMO deal goes through, if it fails and the creditors allow the can being kicked down the road for another 4 years, it will be the end for RKH as the PMO board will be beholden to the creditors again with no say in their own future.
The reverse takeover is a reset and could be the making of an enlarged and muscle flexing PMO mark II with an appetite, production and backers to enable aggressive growth into a rising oil price market 2021 onwards. IMHO
LTT