Member Info for AlfaMale

Those Aramco cuts are a very bullish statement for oil.

Sounds like they'll have no choice but to open up more acreage to foreign firms - and PMO is in the perfect position to pick up some more beauties, because we still have a foot in the door with Zama!

Hawkey, me old pedigree, you don't half ask a lot of questions.

Most licences are granted on a temporary basis, with a requirement to drill one or more exploration wells within a certain timeframe. Extension isn't usually a problem, so long as the host can see some activity taking place, and there has been/will be a lot more of that on Zama. Let's hope Pemex play ball with their drilling commitments.

LOL

Am I not allowed to play??

AlfaMale 1p
Mremc2 59p (ouch)
Givingthelowdown 64p
Lemarc 70p
outofideas 72p
TR61 73p
TarthDrader 74.5p
Yanbu-arabia 75.2p
Investor6 76p
Rookie1 77p
Hawkey 79p
Budgiemaguire 82p
Ammu123 92p
Loofer 83p

Give it a rest with this pointless activity will ya - not every bluddy week!

You were all wrong last time, FFS!

TR61,

"Dog eat dog world, where pi's are at the bottom of the food chain. "

When one realises this, one can make peace with the reality of one's existence. :)

Basically, we are "retail", and our money in the stock market is there to be taken by the "professionals", unless you're savvy and can play the game, and come out on the winning side too. We are highly disadvantaged though, given the level of information we are not privy to.

"galloping ahead, like Malcy at a buffett"

lol, bless.

Auson,
I don't believe so. Andy.Pee was also showing up OneDB1.

Yes. OneDB1 is a proven charlatan across most of the popular stock boards, and tries to get you banned when you show him up for what he is.

Proceed with caution and a huge pinch of salt.

Members,

It wasn't me who said it recovered from 19 to 147, although that is a factual statement, as was yours, in the opposite direction.

As I know you're not a day trader, my point to you was to ease off the daily SP analysis, trying to make sense of it and comparing PMO to other oil stocks or the direction of oil. There are too many factors at play, and as we know, PMO is a plaything for the likes of Goldman Sachs over the short term, who control the SP in a nonsensical way.

Just focus on the longer term movements over the course of weeks/months rather than every day.

Anyway, I'm done on this subject!

Members,

You're right, the moves are impossible to fathom.

But, it is possible to ignore them, or at least to 'tune out' a bit from all the small daily moves. The over-analysis doesn't help with anything unless you're a day trader trying to make a quick 5-10% by timing the moves.

As a long-term investor, the small moves, whilst they might be 3 or 4%, are still insignificant to the bigger picture, because tomorrow they could be down by the same amount... ergo, no point stressing about it, and nothing gained by trying to analyse it.

It was I who said PMO follows the price of Brent - but to see the pattern, you need to 'tune out' to the yearly view (try a 3-5 year chart). I certainly didn't mean PMO follows the price of Brent on a daily basis.

Members, you really are way too over-obsessed with the small movements in oil and PMO.

I know you've lost a packet by continuing to hold all these years, but seriously, you should take a step back for a bit.

The oil price (and hence PMO) is influenced by so many factors it's pointless you looking at the Brent price and saying it is $1 up, but PMO is down 2p when TLW is up 1%, or whatever. You'll just end up going crazy, and it's definitely not good for your health.

If you think the price of oil will go up longer term, and you think PMO is undervalued, then just let the markets do their thing and I'm sure you'll get your cash back in the not-so-distant future.

You might also want to think about cutting your losses on the next significant rise in PMO and taking your cash off the table, at least for a while, or spreading your cash across more than one stock - there are plenty of them out there.

Good luck.

Do they have a TD at the helm?

It's the usual excuse given when one's stock price falls on a day when the rest of the market is up.

Yawwwn!

You mean a maggot?!

I've got the clown on filter - surprised that everyone else hasn't??

Unitisation, Mr Badger.

TR61,
Thanks - fully agree, and am with you on the holding strategy, although probably on a longer timescale.

There is a lot of shortism around here, but if PMO manage to get a load of new projects on stream in the next few years, just as the crunch in oil supply starts to hit due to years of underinvestment across the industry, then there will be a few red faces around here, whilst the rest of us are opening a nice bottle of bubbly!

:)

TR61,

Are you still of the opinion that it was a "wise decision" for the CashFerret to have sold all his stock on Monday?

No doubt Mr Ferret will be back on shortly saying he has bought back in "large" again at a recent low, despite having sold out at a recent low, whilst simultaneously slagging off our esteemed CEO (ahem!).

He's a wonderful trader is our Ferret.

:))

What??

Geo, a lonnnng time!

"Given we have 60% of Sealion we’ll also be getting more barrels per day out of there"

PMO are looking to farm out a proportion of that - probably a significant amount.