Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
So is this good as they are really cracking on and Pemex seems serious about working with the new energy reforms or bad as Pemex will use this info to screw us in the pre-unitsiation talks ? I don’t have a clue. Anyone with with expertise on this have an opinion ?
Congrats to all LTH. Hopefully the start of even better returns. Had these in my portfolio for a while but only a small % and am typically regretting not taking a bigger position as looking like interesting times ahead.
Who thinks andy.p has spontaneously combusted due to extreme rage at PMOs success ? Even his gk10 alias has gone quiet on iii.
Wasn’t there talk of a partial farm out of Sealion ? The logic being while we’d have to share a chunk of the profits PMO’s balance sheet / debt would be in better shape at the front end of the deal.
Fundamentals for PMO are looking pretty awesome combined with all important market sentiment is finally swinging back in the energy sectors favour. When the CBH’s were playing their games, POO was depressed, and this was being shorted to hell and back I could get why you’d like to trade PMO as the swings were extreme. Now we are coming out of a 3 year oil market depression surely it’s sensible to sit back and see where mid cap oil companies re-rate to and then take a view ? That re-rate process isn’t going to happen overnight given the nightmare of the past 3 years so I’m going to sit back for all of 2018 and enjoy the ride.
Another climb starts at 4pm with a 103p finnish. If that comes off will also buy a lottery ticket on the way home !!
A very very interesting day ahead. Most big funds are still light in their portfolio on the energy sector. They have started to move already but expect the momentum to continue over the next month or so. Should be fun.
fantastic put down by Cocka - made me actually laugh out loud. Surprised andy.p / gk 10 isn’t still peddling his “will we see the 40s soon again ?” crap. God that man is a complete tool.
Fun watching POO going up and down. It’s like the traders are saying to each other “ **** he actually did it - what does that mean now ??!!”
Well that was pretty definitive. Now onto Catcher. Pretty happy LTH of PMO right now.
Sankeys: it depends on how far Trump goes. If he brings to bear the full might of OFAC it will be a massive issue for Iran as any financial institution that handles US Dollars (I.e all of them) can get tagged by OFAC for sanction busting with the financial penalties being horrendous. I think we all agree Trump will re-impose sanctions. The big question is: sanction lite or the full monty ?
TR61: agree people are very nervous Trump is presenting while UK markets are closed and they can’t do anything about their holdings. Will we see last minute PMO panic buying or selling from 4pm ? (Which often seems the witching half hour for PMO share movements) Me, I’m a LTH through all these fun and games and will see where we are at by the end of the year.
He’s announcing a week early. That isn’t to say everything’s fine and it will roll over. I reckon he’s going to give an ultimatum to Iran regarding Syria, Yemen, backing Hezbollah etc And if they don’t agree to amend the agreement and change their ways he can blame them for the spike in POO. If they do back down he’s a hard man hero to the American people.
I know this sounds like a broken record but could really do with some good news that Catcher has reached 60k plateau. I’ve been really impressed with how all parties have managed the Catcher project this far. Just need the bloody thing to get over the line now. My take is that the RNS will come by Friday saying the last minute teething problems have been sorted. I also think that on Friday (just before the deadline) that Trump will sanction Iran. The Netanyahu presentation a few weeks ago sealed it for me (there is no way the Israelis would have done that without getting Trumps sign off first and there is no way Trump would have signed it off if he wasn’t going to sanction Iran)
Late rise = some people just couldn’t bare to be out over the weekend and then see a Catcher RNS first thing Tuesday morning. Even with the recent builds for POO in 2018 I’m still very bullish and still think Catcher will be transformational for PMO. Very happy LTH. Have a lovely weekend in the sun everyone.
ROS1: makes total sense. I’ve no spare cash so my PMO current holding is fixed (as i’ve decided not to sell in the short term) Agree with you various news in May will be key with regards which direction PMO moves. Good luck all LTH.
ROS1: if you don’t mind me asking are you invested in PMO currently or are you waiting for the Catcher / Trump news in May ?
Just watched it. It’s hard to know what to believe anymore but what is certain is that Netanyahu is taking it to the next level with these accusations. He wouldn’t have done this without the US having prior knowledge, and more importantly agreement, to what he was going to say. Pompeo’s impromptu Mid East tour also takes on a new light. In my mind Iranian sanctions just went up to a 95% chance of happening.
RNS on Catcher would be nice this week...I’m very happy with the past month and am quietly (if a little nervously at times) confident in Tony and the PMO management to achieve the sort of value for shareholders that will make us all very very happy.
As at today if you had listened to Changy = made money. Listened to andy.p and shorted = lost money. As I said let’s just see where we are at on the 29th of June and we can we if Changy was right.