We would love to hear your thoughts about our site and services, please take our survey here.
I worked for a company years ago that was FTSE 250 but it was always felt by management and staff that the SP was low. One year our CEO got one of the analysts who covered our company/sector in to give a presentation (think he was from Barclays) He explained how they reviewed our business and the metrics that were important. He then got loads of questions querying anomalies in their analysis. He then got further questions giving examples where the analysts did make sense but the SP still didn’t correlate. He got the humph a bit with these searching questions and in the end said: “look in the short and medium term the markets get valuations wrong all the time. However in the long term value will shine through and the markets will always price companies correctly” The key PMO metrics have been talked about on this board a lot and are pretty impressive. Does the SP correlate currently with this ? I would say no. Will the market correct eventually and value PMO at the right price ? I’m with Mr Barclays on that one and am very happy to be a LTH.
People seem to love or hate Tony. I personally believe while he's not been the best communicator, and could have kept to a few more of his own self imposed deadlines, he's done a good job. The Eon acquisition in hindsight probably saved us and Catcher was on his watch and has been a fantastic success. However, PMO needs to move to the next level and being steady and conservative is not what we need now. The update on 12/7 is key for me. Tony needs to be more punchy and aggressive about PMO's prospects to get ii's attention. If he can do this we'll be up over 130p straight away, then it will gap up very quickly to 150p. From there it's down to macro events to see what price PMO can get to. Come on Tony make us proud on the 12th.
The market does realise Catcher is producing oil ? Lots of it. And that it sells for well above USD 70. Which is a ton of profit every day for PMO. I bloody give up sometimes...
My vote is yes.
GLTD: I think you are right there. Just by looking at the pattern on livecharts you clean see it’s just itching to go higher. Well let’s hope anyway.
SK: noted and I’ll steer clear of eating squid too.
Down but not crashing so far. Hopefully market is therefore seeing through Trumps bluster.
Trump plays to joe average middle America. Everything he does is with this demographic in mind. If you travel outside the metropolitan areas in the US (which I do a lot) their concerns are vastly different from the likes of Manhattan, San Francisco etc. If gas is cheap, immigrants are being kept out of the county, unemployment is low and China is being bashed then they are happy. Look at his tweets - they always pivot back to these issues. The thing is Trump doesn’t care if he is solving these issues - just if to middle America he appears to be solving them. This latest tweet fits into that model perfectly. If gas prices at the pump in America keep going up (which they will) Trump can point to his tweet and say at least I tried. SA will pump more but not too much to **** off their OPEC + partners. Supply and demand always find an equilibrium and that is looking like a lot higher POO than we have today. The one variable is timing. So will we have some fun and games over the next few months with POO = yes. Will POO average well above USD 70 in 2018 = yes. Will PMO earn a ton of cash at these prices = yes. Is PMO undervalued based on all of the above = yes. The futures bright. The future is PMO.
Wouldn’t be the first time Trump has lied in a tweet. If SA do this it will kill OPEC as an agreement body. Would SA really allow this to happen when OPEC + (with Russia) is working perfectly for them ? I bet we will hear silence from SA then another big draw next week which will tell the markets what is really happening with supply and demand. However, agree Monday won’t be much fun.......Trump is such a dick.
POO looking like it will hit USD 80 today. Just gone past USD 79.
Per my earlier post I thought 125p close when I woke up this morning. Think it will get there but definitely not by the path I thought !! Don’t think it will go higher than that today. I am also much more hopeful now of my 140p close on Friday. As one of our old deramper friends turned later day ramper would say: go PMO go !!!
Don’t really understand PMOs movement this morning. POO very strong and looking like USD 77 will go today yet PMO doing nothing. If I wasn’t fully invested already I’d buy more at this level. I was sure we would see 120p this morning, then some profit taking, and then end today at circa 125p. Now I have no idea.
GTLD: must admit your post made me smile. Let’s hope you are right as a lot of people on here would be happy !
POO holding up well above USD 75. Would be nice to see PMO kick on a bit this afternoon. My 140p + prediction by close of business Friday not looking good so far but as we’ve seen with PMO in the past when it moves it moves quickly so I’ve not given up hope !! Would be nice to see see large ii buys again late today as that will start to show a trend that can only bode well for the future.
A number of big buys being posted after the 4.35pm UT. Someone likes PMO at this price.
I find it quite reassuring if this is the quality of paid derampers left on PMO. The really good ones have moved onto new opportunities as they have run out of negatives to hold against PMO. So we’re just left with the work experience types. Well I suppose they have to start somewhere.
Oil Traders can take a view and will do what they like. Facts are in the second half year everything is pointing to a supply deficit. We will see a drop this morning but wouldn’t be surprised if we finished blue as ii’s take advantage of PI’s being too short sighted.
GTLD: is this the same chart that told you Brent would be USD 72 last week ? Think you need new charts....
ROCK: I think close of business Friday next week PMO will be north of 140p. Punchy I know but I’m basing this on the fact there are just no hurdles in our way anymore. Combine this with FTSE 250 and I think we will see some serious ii interest with limited shares being sold by PI’s = boom time.
There is no way this is going down next week. I actually think it is going to be one of those PMO weeks where it is exhilarating to own the stock. OPEC did enough to placate various parties but not enough to address the supply/demand imbalance that is coming this year. POO is going north. ii’s know this and will be piling in next week (as they have started to do already)