George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Yes, Pure manipulation and it's legal, I don't believe the bull about shorting helping liquidity in markets, it's there to make some hedge funds rich from price manipulation,
If I was TD, I'd take the cash from Mexico, stick in a bank account and make an announcment that ARCM money is sitting there so they can shove their shorts where the sun don't shine
Impressive that TLW sneezes and all the small oil compaines drop by such an amount, it's irrational, I get oil price has an effect but a company that operates in completely different fields makes no sense
How would that utilise the tax loss? They wont sell their crown jewel
Based on $300 debt repayment this year, interest payments will drop by $21m. If they conclude a sale of same at $400, that's another $28m added to the bottom line.
I'm in all 3, PMO the most by a fair way, ENQ is the only one I'm losing on at the moment, it's good to see them all rising over the last couple of weeks
Well a month ago pmo was sitting pushing 90p and dropped by a good amount on the idea we may bis for some Chevron assets. It then went up and down with its peers but now they're not buying those assets that drop hasn't been corrected.
What is hilarious is that omo drops on the idea they may buy assets via equity. Someone else buys the assets and pmo doesn't recover!
https://www.prnewswire.co.uk/news-releases/talos-energy-provides-additional-update-on-zama-appraisal-program-869713875.html
Talos give much more information in their feed, interesting it looks like 37.5k to 43.5k net BOPD to premier
I've always considered it to be the perfect option for PMO, they have to pay for most of the capex anyway, if they bought RKH they could try and offload 50% of sealion to Nobel or someone similar for some of the initial development cost.I don't know if theres a clause in the contract between RKH and PMO that prevents it though.
Debt to equity valuation is irrelevant as equity can be manipulated. Debt to ebitda is the important indicator
Spudding zama isn't their decision
Yes they say We should track oil but with bigger variances because of the leverage but we only seem to do this downwards?
A long time ago
https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/8239685/North-Sea-oil-shines-while-Falklands-fails-again.html
Good to see the operations going well. Good for cashflow and hopefully some debt reduction
It seems to have come from Rotterdam not Solan
But it's too late, Oil price takes time to feed into the pump price. I think it'll rise again once the sanctions kick in at least until we understand the full supply and demand picture. The Saudis will constrain supply if it gets out of balance, they're already $140m a day worse off than a month ago.
I was putting it down to 3 things, firstly the budget didn't do anything nasty and secondly a brexit deal looks more likely and was looking very oversold to me, they still make a lot of money, if their pe was 20 I'd understand but at around 5 it's ridiculous and somebody would have to wander in for a take over
But the price of oil dropped last night, so I'd expect it to be down, most oil stock are
I don't think 70kbopd is the target, it needs some mods for that