Member Info for AlfaMale

Anyone know where hydrogen comes from? lol

Where does hydrogen come from, folks?

That's a rhetorical question.

"And, Alfa, they are not new fields."

Sssshhh!

SK,
Hand-me-downs is how the oil business works. You should know this already.

The assets will also enable PMO to use some of their 4 billion of tax credits, so any production from the new fields should be largely tax free. I'd say that is adding value to the business.

Ferret,

Any fund raise will be buying tangible, producing assets which will enhance the value of the business.

It should be a net positive, despite more shares being issued.

$42.8 ...

Crude's got a stiffy this morning!!

Kilgeever, it is wise to be cautious when considering capital preservation, given the current global outlook!

Agree the refinancing and BP deal are exciting and would ultimately be positives for PMO, but I expect a lot of SP turbulence when these things get announced, especially if done on market down-days.

Ferret,

Agree on big market disruptions likely, but hard to predict when and how bad.

Closer to home on PMO, aren't there financial covenant tests due shortly, and debt renegotiations to come? Given that ARCM received a nice payoff recently, I'm sure the other financiers will also want a sweetener. TD gonna have to dip into the candy jar again? Although with the bonds renegotiated, it will put PMO in a strong position again, so any negatives might balance out.

Then the fundraising for the BP asset purchase is the other one to watch IMO. When will it go ahead, and how many new shares will have to be issued and at what price? The BP deal being finalised might be a pre-requirement of any bond renegotiation. As such, announcement of new share issue could drop at any time, so need to be wary of this if trading/holding PMO at that time. Hmm!

For now, am glad I've kept my short open here.

"Cash’s short my end up being painful tommorrow. I’m kicking myself for selling today"

Still kicking yourself?

LOL Potty - 3 tenors! Silly Texans.

Global Covid deaths pass 500K. Just a bit of flu, innit... "Kung Flu" as Trump likes to call it. :)

More lockdowns in China again, near Beijing, I see.

Leicester going into lockdown?

Give it a few weeks and I reckon we'll see another surge in UK after all the idiots have been out protesting, going down the beach, and having street parties. So long as they're having fun, sod all those that are bound to die as a result. Selfish pr*cks.

Morning all.

Looking interesting today.

Rookie,
Let's just see how things pan out with 2nd wave. There will definitely be pockets of resurgence across the UK at a minimum IMO.
If the markets react like they are today in the US, then I wouldn't be calling it irrelevant.

Would keep an eye on gold through all this market turmoil, especially if things get worse.

Ferret, well done on you oil short. Good price range on that today.
I decided to go short on PMO instead of oil, for a change - should have chosen oil!
US market definitely not liking 14 day quarantine - a sign of what is to come?
Read an article today saying UK should prepare for a 2nd wave - there are so many idiots here in UK that I can easily see it happening.

Blimey, popped out to get some sun, and came back to market mayhem!
Stay strong everyone!
Ferret, don't knock Trump too much, he's the one that creates so much volatility that you thrive on!!
You are long PMO? Really?!

Dow tanking - 800 points now...
Oil tanking... Brent down 5.5% today

But PMO holding up well (strong). lol
What will tomorrow hold?

Dabbler,

Are you still here?

Clearly you didn't comprehend the article.

Ferret,

You seem to have missed this article from CNBC ;-)

There’s a wave of selling estimated to be in the billions that’s about to hit the stock market:

https://www.cnbc.com/2020/06/23/theres-a-wave-of-selling-estimated-to-be-in-the-billions-thats-about-to-hit-the-stock-market.html

STJ,
Dow Jones current showing down 220 points pre-market.

Ferret, Kenni just puts his fingers in his ears ... "bla bla bla, I'm not listening".

Bless.

His strategy of hold and hope has actually panned out quite well for him, so far anyway. Not difficult when buying in at the bottom and riding the inevitable bounce back.

Not everyone is a trader.