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Stevo please give me your definition on how shorting works , how do you think they make a profit ?
Stevo, If that were the case short positions would be 50% . Dont be stupid
Kraken
Do you read this board? As many, many contributors have pointed out there will be no buying back of stock by the shorters. They are being given the shares through the debt restructuring.
I believe Shorts will continue to increase this week - already up 5 million this week. Shorts have risen by over 50 million over last couple of months and will close in early April.
How things turn around, Enq has out performed ~PMO and Tlw and weathered the storm far better
Funny to see PMO market cap lower than ENQ, how is that even possible? A few years ago PMO market cap was 3x4 that of ENQ if i remember correctly
Come on now lets see you buying back the stock and hand it all back.
£30p lets be having you
Premier Oil Projects include first gas at Tolmount in Q2, Zama in Mexico, Tuna in Indonesia, Sea Lion in the Falklands and further exploration in Indonesia and Mexico. Buy shares in Harbour Energy exciting venture coming just as the oil industry enters a new chapter.
Received on my trading account.
PREMIER OIL PLC - Important Information
Merger with Chrysaor Holdings Ltd (Chrysaor).
And.
Name Change.
The proposed new name of the Company is Harbour Energy Plc (Harbour).
Under the terms of the Merger, shareholders will receive 1 New Harbour Ordinary share in exchange for each Existing Premier Oil Plc (Premier Oil) Ordinary share held.
Important Information & Other Key Dates:
On 6th October 2020, Premier Oil announced that they had reached an agreement over a proposed all share Merger with Chrysaor.
Following completion of the Merger, the Combined Group will be renamed Harbour Energy Plc.
The proposals received court sanctioning at a Court Hearing held on 19th March 2021. Subsequently, the Merger is expected to become effective on 31st March 2021.
Following the Merger becoming effective, the New Harbour shares are expected to be received on or after 1st April 2021. Should you retain your Premier Oil holding, your account will be updated accordingly.
The New Harbour shares will be admitted to trading on London Stock Exchange under the ticker code 'HBR'.
If your Premier Oil shares form part of a TradePlan, please note this Merger will result in the TradePlan being deleted and any charges refunded. You will need to log in online or call us to set up a new TradePlan in the Harbour shares.
If you have a regular investment in place on your Existing Premier Oil shares, please note that this Investment Plan will be automatically updated to the new stock line. The investment amount, frequency and investment dates will not change.
Should you wish to find more information about the Merger, please visit the Premier Oil website, www.premier-oil.com/investors
The government has announced there will be more oil and gas wells to be drilled in the North Sea
I used to be the prophet on this board, got predictions right 90% of time
I Always Bought at the highs and Sold at the lows
EIA figures could be very interesting this afternoon, we could see some very big draws
Sounds like your trading strategy is all over the place.
Good luck though and hope you get something out of it.
Just bought back in for £2000 this morning, and typical pmo the typical dog
Enq and tlw both up +5% today
Pmo being manipulated down
Sigh should have just bought into crypto, would rather lose like 20% on crypto and go out with a bang and be done with it, than wait 30-40 days for this to move up a few %
Its being moved now.
was a modest build of oil stocks in the USA of 2.7m. We have the EIA one this afternoon. It could even be a draw on oil stocks as API and EIA often differ a lot. Maybe Brent will be visiting $65 soon.
All IMHO.
How can you post this! -
"Not for long. They’ll have it moved by the morning."
The article says it could take days, and i think I'll believe them rather than you. LOL!
https://www.bbc.co.uk/news/world-middle-east-56505413
Oil supply via the canal obviously blocked.
Trouble in the suez. Billy Joel comes to mind!
if we finnish 10% up i will go live with the bottle of blue num https://www.youtube.com/watch?v=yZl74swfXsA
Crappy news factored in now by the looks of things. A 5% day would merit a Blue Nun and half a pack of Jammy Dodgers later in the afternoon.
If not, it's a homemade twiglets made out of marmite and chopsticks.
Only 8 days to go for the new company.
https://www.reddit.com/user/True_Equilibrium/comments/mc1jy3/only_8_days_to_go_for_premier_oil_and_chrysaor/?utm_source=share&utm_medium=web2x&context=3
Shorters short pants are on fire!
UK seeks to drill more oil and gas from North Sea https://www.bbc.co.uk/news/science-environment-56503588
According to those shorting, they should just be allowed to endlessly sell the stock without issue.
But it looks like today buyers are stepping in.
For the shorters, the plan is going wrong, it is not meant to be like this!
Would indicate we are looking at a 50% jump once trading resumes on 1st April.
Absolutely - Harbour will be equally as strong
as AkerBP, & Lundin this is a gift at this price and institutional investment with be queueing up for it.