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Funds repositioning from tech into energy. This is time to accumulate and not worry about daily swings. Massive assets here and value will come. Hopefully from Parkmead developing these assets themselves. If not someone else will. Either way PMG sitting pretty and you can buy near lows.
This was supposed to be the case for TC & RS as reported by the SP rampers.
So far they have made a right cods ear of that over the last few years.
All about assets & no signs of any realities in production.
Thank you for the Energy Voice info.
GPA "has been waiting 4 years for a decision"
Skerry vore has "been waiting 7 years for a decision"
Reported to be " near "a decision, note near ,Suppose the decision is not to Drill??
Well a take over bid ,welcomed or not, would at least generate some change in SP.
On those time scales where will the price of Oil be? if they decide to drill.
Will only break 60p resistance on significant news.
Quietest period for a long time. Frustrating but we know news due soon on HUB and Skerryvore. https://www.energyvoice.com/uncategorized/398204/parkmead-finally-nears-drilling-decision-on-skerryvore-north-sea-field/
Cash should be building nicely but Tom needs to spend some of it. If not we are in danger of being taken out at these levels. I for one want to see some shareholder value restored before this happens. Serica and Cal and NEO are all cashed up and we must look so cheap to them.
"if & when" has been the PMG story for the last few years & still no firm commitments to show significant progress
Upside massive if and when projects are unrisked. Interesting to see that the GPA hub was part of a House of Commons question session with Department of Trade and industry in Dec 2021. Clearly we are working behind the scenes.
Nonsense. Haven't even started. Gas as a transition fuel will be in huge demand for next 10-20 years. Geopolitics and ethics will mean North Sea sees investment flowing in. Joint projects with majors will be commonplace. Parkmead very well positioned for instis and funds. Interesting to see a few ESG funds have been building stakes.
Oil and gas have had there day this year
By the fall there will be too much of the stuff, with china been in lockdown ,
50 is long gone
"50s long gone NQM will tell you that !"
As I have said before, I will only get back on this ship at under 40p, preferably under 35p. I then sell on every spike over 50p.
PMG going nowhere without significant news.
Macro environment will take PMG down again this summer IMO.
Most markets are down on recession news.Tom says safer in energy stocks than bit coin !
Any thoughts Sonofthebull ? What does Tom say ?
Maybe not.
50s long gone NQM will tell you that !
Guessing we can get back in next week below 50
27% plus the employees holdings takes that higher
£60 mil mcapBonkers given we have:
£25 mil minimum cash
one operating wind farm worth £4 mil
One large area of land for windfarm and bio mass development value circa £4 mil as is
Dutch assets producing £1.5 mil per month
Drilling campaign planned on existing dutch licenses
Skerryvore (157 mil BOO in place) Partners Buffets Cal and Serica
Daavar (200 mill estimated BOO in place)
The Hub - 100% ours and the 8th biggest pre FID North Sea project https://www.energyvoice.com/oilandgas/north-sea/402302/new-north-sea-oil-projects-could-deliver-1-5bn-barrels/
Platypus - Tom has said we revisit this
Great R/R - Huge potential upside
Big Buyer recently
Tom Cross has 27% skin in game
130 MILLION, DID SOMEONE SAY THE MARKET IS CURRENTLY VALUEING PMG
HALF THAT HA HA HA HA
INTRESTING TIMES
I do like the sound of the PMG rns....
Oil price upside from Perth project; excellent progress on large Skerryvore prospect
· Every $10/bbl increase in the long-term oil price assumption adds approximately £130 million to the modelled P50 post-tax NPV of the Perth field development alone
Buffet is loading up on oil and gas. He doesn’t typically buy at a high price. I suspect oil and gas producers have at least a couple of years of boom times.
Major projects are another matter.
My uneducated opinion is the warm sumer and China lockdown may put a stop to the hype
Which could make oil x gas companies a target for bears ,
Change in policy for the financial good often has to come from outside .However to be accepted by internal policy makers it often must be presented to look as though the change comes from with in .Hubris ? comes to mind in that sort of situation.
Will the SP be around the same in a year`s ? Will the opinions on here still be the same ?Only time will tell
Our big buyer recently has shown massive confidence. Must be someone close to TC or one of the funds presented to. Few million shares tucked away by someone. Feels like news is close. Our assets are worth multiples of the MCAP and we are sitting with a strong balance sheet. Has to move up at some point. Serica awash with cash too so might see some action on Skeeryvore. Buffet pumping cash into oil and gas so Cal cashed up too. That could also help Platypus not just Skerryvore. Daavar sitting in a pretty sweet spot with estimated 200 mil barrels oil in place. All good. Just need the fuse to be lit!! Come on Tom!
Nearly five months since Tom announced he was going seek out a partner for GPA ,at current prices surely he has a selection to chose from !