Member Info for AlfaMale

Looks like another dweeb will have to be added to the filtered collection.

Antigua, quite.
What are your thoughts on the credit extension then? Good or bad for PMO in the short term?

From most recent RNS:

"As previously announced, Premier is working with a subset of its creditors to agree revised terms for a long term extension to the Group credit maturities which can be recommended to the full creditor group for approval by the end of July"

Revised terms for the finance extension.

Will be interesting to see what PMO have to give away.

Overall, credit extension should be positive for PMO as it will mean they can hopefully continue to ride out the storm.

King KenniGT, and that ramping fool TheDabbler87 "this is going to 60p".

Hmmm!

Maverick, indeed - Chevron just coughed up $5bn!

Market downturns are when the majors go shopping, at least traditionally.

Can't say for sure how they will act with Covid/reduced demand/environmental issues etc, but the world still needs oil.

Ferret,
Hope you didn't short Olivia yesterday as you were suggesting!

Gold looking very strong - I did say to watch that one!

There is definitely a disconnect with the PMO share price and the oil price in the last couple of days.

This should have bounced back more given the rise in Brent.

I could've sworn I pressed on the button that said "PMO Share Chat".

Must be mistaken!!

Crude +7.5440M
Cushing +0.716M
Gasoline -2.019M
Distillate -1.357M

UT!

Just riding the oil rise, and maybe rebounding a bit since recent downward pressure.

There's usually a lot of activity in oil after 4.30pm UK time!

Dodger, might not be a bad idea holding now.

Looking at the April to July chart, PMO looks to have just bounced off the bottom of an uptrend channel, so could start to move back up again.

Obvious caveats of oil price and Covid madness.

End of July, financing extension arrangements should be agreed with creditors, so that should put PMO in a stronger position, so long as not too many concessions are made to ARCM et al.

Markets not really showing any reaction to vaccine news...

"the share price has gone down; therefore it is not profitable"

Great analysis. LOL

Vaccines not much use if Mr Corona decides to mutate every few months.

Thought you would have jumped out a bit sooner, me ole Ferret.

What a day ... looked like the bottom was gonna drop out of the Brent price, but has rebounded in my absence.

DOW looking fairly directionless too. Can't expect too much for a hot Friday, I guess. Interesting to see how the US infection rates fare over the weekend.

PMO... let's see how she goes next week...

Brent just dropped under that $42.90 level I mentioned earlier, which looked like a support...

Oil Slips on Signs the Global Demand Recovery Is Slowing

https://www.bloomberg.com/news/articles/2020-07-16/oil-retreats-as-signs-of-slowing-recovery-cloud-demand-outlook?sref=866aH6XX