Member Info for AlfaMale

Blade,
Price of oil is relevant to Premier - only when it's falling!

Woof!!

Who said we would be listing in the FTSE 100 when the deal goes through?

The webcast presentation states upper quartile of the FTSE 250.

Guess they are being more realistic than comparing to Lundin/Aker BP, as per posters here?

Who is likely to be more informed? Hmmm...

Share price should have gone up by at least 20p today given that Mr Durrant has stepped aside...

Oil above $50 now and PMO still languishing at 22p. Being held down? Large buy orders being filled? one can hope...

"it will be one of the larger IPO's this year."

It's not an IPO is it? Just a merger.

NOFEAR,
Yes, thanks, I saw that. More interested to see if any more get reported tomorrow given the dull SP response today.

Feels like PMO SP being held back today, whilst other oilers (eg TLW) rising nicely.

Shorts increased slightly yesterday. Could have been more shorting today, not yet been reported...will see tomorrow.

https://www.cnbc.com/2020/11/29/opec-alliance-considers-delay-to-its-output-hike.html

Could all kick off in the Middle East again:

Iran plans ‘calculated’ response after nuclear scientist killed as newspaper calls for revenge on Israeli city

https://www.foxnews.com/world/iran-calculated-response-nuclear-scientist-killed-newspaper-attack-israeli-city-haifa

More rhetoric:

Iran plans ‘calculated’ response after nuclear scientist killed as newspaper calls for revenge on Israeli city

https://www.foxnews.com/world/iran-calculated-response-nuclear-scientist-killed-newspaper-attack-israeli-city-haifa

Any links? Thanks

Iran's supreme leader vows revenge over slain scientist
https://www.foxnews.com/world/irans-supreme-leader-vows-revenge-slain-scientist-israel

Recycling lithium-ion batteries from electric vehicles
https://www.nature.com/articles/s41586-019-1682-5

Interesting read.

Rookie,

I haven't seen any evidence of anything "in writing" about having to accept their deal, have you?

As you say, shareholders can also say no.

As a shareholder, I expect PMO to seek the best deal for shareholders until the very last moment of the current deal being formalised. I don't care if Chrysoar get irked by that. They can always make a counter offer, can't they!

"that’s business, you can’t just reject it now because things look more favourable"

Of course they can, should a better offer materialise. It's just business, after all.

JS88,

Possibly, but they'd have to speak with BP again - but if the oil price rises, then the deal likely won't be as cheap as before!

Chrysoar deal unlikely to fall through, although a better offer could be requested if oil rises (go on Tony Durrant, my SON!), or another predator could come along with a more attractive deal.

If oil rises, then everything is still on the table IMO (creditor agreements aside).

Shorter term it's all about the oil price.

If oil pulls back further for a while, PMO likely to follow.

If Trump starts a war with Iran, oil will rocket, and so will PMO.

"Alfa do you honestly think that if a strike was imminent, it would be publicly posted on a major website first?"

LOL !!

Will Trump really want to leave office having started another war in the Middle East? Can't see it myself.

Oil price would go ballistic if the US attack Iran.

OK, thanks.

I'll post the link then:

https://www.foxnews.com/world/israel-preparing-for-potential-us-military-strike-on-iran-report

"There is no intelligence that indicates an imminent U.S. strike".

Hmm... maybe just another example of Trump's administration stirring things up before Biden takes office...

Rookie,

" but I can’t see many people silly enough to sell at these levels?"

I'm sure I recall yourself and Kenni saying much the same thing when the SP was up around 40/50p. Were people silly to sell then, too?