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FTSE still 20% off though !
DOW only 10% off all time high, its like nothing ever happened, I don't think I will ever understand the illogic of the Stock market.
Are most businesses back up to rude health , I don't think so.
Late to the party.
Doesn’t haven to be monster one either, another 100mil would do, which would still leave plenty of cash to be safe in case of another downturn
This company had average of two acquisitions/year and considering that the last one was Feb last year, one would assume that another is coming shortly
I did invest in this stock because of potential acquisition, brent is going up, we have the cash and there should be number of good opportunities, hope we will get something soon!
I must say that this stock has a mind of its own and does not react as one would expect to the obvious increase in Brent etc. If we are frustrated, can you imagine how AA feels at the moment? IMO this is most certainly not the time to bail out due to frustration just because others in the sector are rising more. There will be many conversations going on in the background and we have the virtual OPEC session over the weekend to look forward to and I hope the Saudis have learned the lesson from their mismanagement of the last meeting and deal with Mexico before they attempt to showboat and leverage their relatively small position this time around. I am optimistic that we will see a more joined up meeting which will help to maintain commitments and this may put a floor on POO at current levels. Either way I will stay patient and stay invested and there are much better times ahead for us we could move very quickly on the upside just as we dropped on the downside. Keep the faith.
Strange that we had consolidated yesterday, yet there are a lot of additional sales today with brent up...
What's holding us back, very strange.
Fair enough, should do more reading before i post something hah
Does the deal not have the same value, just structured differently ! :
"Under the proposed revised arrangements, the original consideration of $625 million at the effective date of 1 January 2019 would be set off by approximately $300 million of estimated interim period cash flows to be retained by BP and a further $115 million would only become payable based on higher future oil and gas prices. Revised cash payable at completion of the proposed BP Acquisitions is anticipated to be $210 million and is expected to be funded with equity...."
Wow 600+ mil original deal for 200mil now, that’s impressive! Surely we can get one of our own! We are in much better position for it than PMO too!
Pmo got a big reduction in the bp deal, come on RRE your turn now