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I am reading that we shareholders of PMO will be left with only 5% of the the company, I am sure I have seen the valuation of HE is going to be in the region of $2 billion, I am right in thinking that PMO have a market cap of over $200 million just now which would mean we lose over half when the new shares start trading? 5% of $2 billion being 100 million, I hope not, appreciate someone with better knowledge to explain, gla.
TBH I cannot believe this SP is so low, based on a forthcoming merger that will make this the largest independent I would of thought everyone would be topping up and not selling ?
+25,000 - that's all my pennies gone now.
GLA LTH
c.23p
Now below 27p??? Come on out there, what is going on?
Analysts, are you all asleep on the job?
Im hoping everyone is on the bus and we can start moving from today. I'm still hoping for 35 come transfer deadline day. GLA.
Looks increasingly likely now.
Although expected, it's good to know that the merger has received court approval and there is no last minute delay. Looking forward now to what I believe will be a very positive investment opportunity.
"Premier is pleased to announce that the restructuring plans of Premier and Premier Oil UK Limited (the "Restructuring Plans") received sanction today at a hearing of the Court of Session in Scotland. Following the sanction of the Restructuring Plans, the all share merger between Premier and Chrysaor Holdings Limited and the reorganisation of Premier's existing debt and cross currency swaps are expected to complete on 31 March 2021."
Although expected, it's good to know that the merger has received court approval and there is no last minute delay. Looking forward now to what I believe will be a very positive investment opportunity.Premier is pleased to announce that the restructuring plans of Premier and Premier Oil UK Limited (the "Restructuring Plans") received sanction today at a hearing of the Court of Session in Scotland. Following the sanction of the Restructuring Plans, the all share merger between Premier and Chrysaor Holdings Limited and the reorganisation of Premier's existing debt and cross currency swaps are expected to complete on 31 March 2021."
"
Well considering we are hedged at §60 for Brent then surely we are not as price sentive to PoO price changes?
noted!... all I'm saying is if a 10% drop in oil doesn't sink this sp what the heck will...
sorry i spoke... doh!
Goodman... glad you held mate... me too!
Just my 2 cents... oil price was well overdue a drop... what I didn't expect was this sp (as well as other oillies) to hold up so well... isn't this a case of must go down to go up? Anyway gla... quadruple witching today...
Wonder if US will send the warships in again? https://www.wsj.com/articles/china-buys-more-iranian-and-venezuelan-oil-in-a-test-for-biden-11616146203?mod=latest_headlines
Never seen POO drop so quickly like yesterday . It did make me feel little uneasy to witness PMO SP drop 13% in over 10 days. I almost sold but then I decided to ‘HOLD’ instead, it was a risky move but like SK I am also looking forward to the merger and IMO this SP is very undervalued and has a lot of potential to go up.
GLA
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Now $64.32. Yesterdays fall a tad overdone then?
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NO BRAINER...
GLA
What is the daily turnover. Poo at 60 plus gas earnings.
Above 15 million ??
Any informed opinions welcome.
Above 200 th oil a day plus gas at 60 dollar oil should work out above 15 mill a day turnover.
Comments welcome.
PoO has taken a massive dump recently, lets hope it pulls back with the easing and merger.
Thanks. It’s the 5% of newco I am trying to understand. Happy to sit Med/LT as imagine it can only improve but then this 5%. I wonder does this slump the value of my PMO shares right down or will it remain at the range it is in now? Does anyone have know the what the impacts might be initially?
Total amount of shares will be 20x more to be exact.