Member Info for AlfaMale

Cheers Ferret,

Can't wait for 25030p - were gonna be gazillionaires! Dare I say the returns would be "colossal" :)

I imagine RKH's carry on SeaLion will 'carry' into the new PMO beast as-is, although they might well gobble them up entirely eventually. RKH market cap only £27m, so could be some upside there, but SeaLion unlikely to be developed until much higher oil price environment, which could be some time away.

Don't like HUR - I have marked that share as a dog now.

Ferret back in full ramping mode lol.

What do you think is a reasonable target price then, and by when? Roughly speaking, of course. Thanks.

Will the new company still be listed as Premier Oil?

Bit of a shame in some ways, as this was a great company for trading. When listed in FTSE100, there won't be any such wild swings as we've known all these years. Will have to find a new plaything (with a Tony lol).

"obviously high risk but the potential rewards could be colossal. "

"colossal"

Said like a true AIM investor!

SP back to my sale price from the other day!

Oil price off its recent highs - IMO this will be the driver of PMO price should it continue to fall.

Backdrop of rising Corona cases, only likely to get worse as we push into December/colder weather.

Vaccine still some time away.

Interesting times.

"Its people like you that LSE need to invent a block button for."

They have - it's just above - called "Filters". Suggest you use it!

Blimey - rise is much stronger than I thought it would be!! Bugger, sold too early.

I did the same Fugu, 20% profit in a few hours was too much to leave on the table with today's update coming.

Will see how things play out.

Fugu,
Olivia is oil, Brent specifically.

Watching Olivia closely after the big spike up in recent days...

Does she need a breather before going higher?

At these low share prices, even a few pennies on the price means a large percentage increase in your monies.

Buggered that I didn't get in around 11p now!!

Well what do we 'ave 'ere then?!

Managed to jump in a bit earlier this morning, but missed out on the majority of rise, but up nicely nonetheless.

Can't let you boys have all the fun!

What a turn around for oil over the last week - that's what is driving this now, off the back of the vaccine news. Markets likely to remain buoyant for a while I would think.

The question is how far is crude price going to strengthen, as Corona had thoroughly muted it?

222p close. Nice.

I have no interest in looking back at your previous post. The content and tone was largely the same as before, i.e. continuing your tit for tat with Givingthelowdown. Facebook would probably be a more suitable venue for such discourse, then you can save everyone else here from having to read that cr*p. Thanks.

Noel, why are you repeating yourself? You posted this the other day.

Was someone recently saying that gold has support around $1850?
I'm struggling to see that on a gold chart.
Thanks.

Could be a lot more of this to come...

https://news.bloomberglaw.com/employee-benefits/ohio-pension-fund-adds-gold-allocation-to-hedge-risk-inflation

Actually, my mistake, it's 2.10pm UK time (BST).

Dark_knight2020:

"Anapa we will find out tomorrow at 7pm.uk time which way Gold will head after the Fed meeting"

According to this, the Fed speech by Powell is at 9.10am ET (1.10pm UK time):

https://www.cnbc.com/2020/08/27/us-treasury-yields-fed-jerome-powell-jackson-hole-speech.html

The HOC chart covers the same time period from mid-March at around 100p up to today's closing price.

There is a strong correlation between the HOC chart and gold, unsurprisingly!

Obviously charts and patterns only tell you what has been, not what will be.

However, if enough people around the globe follow the same patterns and trade in the same way, the patterns can become self-fulfilling, like a lot of TA. Just need some news to help it along in the right direction!

Here's an image of the uptrend channel I mentioned for gold since mid March:

https://ibb.co/pLSL0Q8

You can see on 12th Aug it touched the bottom of the channel at 1862 with a strong bounce, and again today, dipping down to 1904 and then bouncing back again.

Let's see what tomorrow brings.