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If it helps, just looked back at the last trading statement, the write offs were declared then.
Even so they expected to be cash flow +. Now with the improved oil price , hedging, etc more oil in q4 makes a radical difference to the income
All the positives may help to offset some of the many stated RI concerns?
GLA
Oil jumps more than 2% after larger-than-expected U.S. inventory drop!
This should trigger oil stock rally ! tomorrow we can expect pmo n Tullow going up ....
FTSE up squillions today and still the 'bots keep this low. But if the the FTSE drops 1 % or so, which it will soon we'll get slapped right down again to 35 min.
Smells of Manipulation imo. Any large buys recently. Hmmm.
I need a cold Tizer and Waggon Wheel.
Hoper, i am leaning toward the RI being the driver on current sp value...hoping the institutionals been built it in already?
Hopefully that will be out before Tolmount has arrived on station and safely deployed and landed correctely on seabed.
Its going to be an interesting September.
GLA
Rgds Sft
SK,
POO is not moving PMO, until the next fundraising PMO is not investable imo, whatever the outcome its extremely unlikely to be anything positive for the long suffering shareholders imo.
this is all i have
#EIA reporting a 4.5m b drop in #crudeoil stocks, partly due to a 0.7m b/d drop in net imports. Product stocks also declining while oil production was revised lower by 300k b/d. Limited market reaction so far #OOTT
Aug 12, 2020 15:30 -4.512M
Aug 12, 2020 15:30 -4.512M -2.875M -7.373M
EIA numbers anyone?
There's the RI to sort out and massive write downs due in the next set of figures. Medium to long term it looks good, but short term not so much.
Doh...unbelievable!
There it goes (-:
Any chartists out there...ideas.
Just really does not want to break this threshold?
Rgds Sft