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Anyone who says this is going up is an idiot.
Anyone who says this is going down is an idiot.
Anyone who says this is going sideways is an idiot.
Anyone who says they don't know which way this is going knows what they are talking about.
Absolutely NO ONE has a clue ..... I cannot believe (with all the good news and a vaccine ) we are dropping again , so all the good news doesn't really affect us rising ..I do believe we are here until mid 2021 but god knows what will happen in between .
Still waiting for 10p
Fugu is with Oscar on that sentiment, but would say 15-20p.
Fugu has no clue, 25-30 soon methinks
I think eventually the SP will move
Looks to me like folks are taking profits. I mean, we've gone from ~10p to ~26. At the same time others are looking for entry points. It'll be slow for a while. Thing will probably pick up early next year as traders lock in their results EOY.
gla
oil prices are down
dragging oil shares down
OPEC meeting today - could go either way
OPEC failed to agree on cut last night
I do think once the deal completes and assuming the vaccine works and is rolled out by spring then by comparison to similar companies pmo is worth at least 30p. However, I see no incentive for the price to move strongly towards 30p at the moment. As well as the risks of the deal not completing (very small) and risks with the vaccine roll out or opec there is the fact bondholders will end up with 10.6% to 18% of the enlarged company. Most bondholders will not want to hold shares so there will be heavy selling after completion or shorting before completion. The largest bondholders are prevented from selling for 3 month after completion but most don't have any restriction.
Natural Gas is up.
Newco will be 50/50 gas and oil.
I sold all mine at 24 for nearly 100% profit but in 2 minds about buying them back....no idea where the price is heading