Member Info for Beerbull

I agree epiphany, the report GKB posted is very interesting & informative, but regardless it doesn’t hurt to relay a bit of first hand info to you guys. Deffo shale is going to be an ongoing thorn, unfortunately.

No cause for concern vessel, just taking a bit longer than anticipated, no surprises there given HUR are operating in the Nsea.

Have you sold your holding by any chance vessel? Maybe it’s called talking ones book.....though it doesn’t sound as good as “the sting”

I know I’ll probably get shot down for what I am about to say re shale, but recently I met an old acquaintance who is a long serving employee of one of the worlds largest oil service companies. Apart from him bemoaning the scarcity of bright young kids wishing to get involved with the oil industry, we had a quick chat about shale. He told me & I have no reason to disbelieve him, that US shale operators can make a profit at USD 40. I know this is a very general comment & doesn’t reflect all the fields, but it sort of reflects the slowing but still increasing shale production. I know there is plenty of documentation, you guys can call onto contest what I was told, but there you have it all the same.

Hmhn, I guess I should clear off as well. This market is queer beyond belief, it sort of runs against value. PMO case in point much improved fundamentals & prospects, but the market currently couldn’t give a damn. Anyway, I’m a stubborn hence why I’m still holding this mongrel. Let’s hope this Heinz 57 transforms into a crufts champion.

By end of 2020 assuming oil at 60usd, PMO will have a 2.1bn usd turnover. Current SP faintly ridiculous, surely a takeover target.

Falklands is not cheap option Love, that’s why it’s still on the shelf, in fact it’s my main PMO concern. In the words of SK I’d prefer it sold.

As always TR, this is so frustrating, with GS, playing their games & using PMO as a vehicle regardless of its performance. If we are frustrated can only imagine how the management must feel. Value will out, but my patience is wearing down....

Agree DBNO this is a dog, but every dog has its day.

Good luck on that target ferret, I’ll be joining you in the queue to buy

Re shorts, would you want to be short with zama hanging like the sword of Damocles over head.

Bit harsh ferret, surely you would have been happier to sell in the 90’s rather than 80’s. Anyone expecting Zama news I think misguided, once terms have been agreed there will be an rns, too price sensitive to hold over for an update. I know your not a great TD fan, but I believe his delivering on there strategy. Solid buy.

Disco, IMO both PMO & Enq are deeply undervalued, but there again I believe it’s a sector thing. If I don’t die of boredom, value will out, just hope AB can afford not to use smoke & mirrors in next update so all & sundry get a crystal clear view of the company & it’s prospects. Big ask maybe.

To be honest straightbat, making price predictions ain’t my forte, but am happy to ride this much higher. I see a winner, just need bucket loads of patience.

Quid plus plus imo straightbat, but this market is a queer beast.

Zama, Tolmount & of course Catcher.... just a few reasons & without the legacy costs of Enq on the horizon Btfath. Comparing apples to oranges never easy.

The market is currently a tough mistress, the slightest negative gets a sharp crack across the knuckles, positives are smiled off. Hope does update proves me wrong.

Next year, I imagine they’ll payback more debt than their capital value, eye catching stuff.

Nice post adoubleuk.

Groover does that mean somebody sold 941,611... Depends how you see it..