Member Info for Beerbull

Scary times, if Trump follows through on his threats, the spillover in the ME will be unimaginable. Too many unknown, unknowns, but Trump is delusional if he thinks this can be wrapped up in a neat parcel. The only winners will be the US deep-state military establishment, bullion & of course safe oil producers like good old PMO.

Penhaligon, what are you drinking, deffo not water. Lol...

In Bloomberg yesterday Nuchin said 90% of deal done

Still got Opec meeting & trade deal to look forward too, fingers crossed sp gets back to 52 week high

How will the market value this ? Any precedent out there ? At 8 usd a barrel the field worth I excess of 6.4bn usd to consortium based on 800m recoverable. PMO lotto ticket has come in.

Exactly Tom, seawater & water are very similar, but so different. Like WTL & Brent.

Donald Trump warns Iran ‘war wouldn’t last long’ and boasts he wouldn’t even need boots on the ground

I thought our American friends are oil self sufficient? Oh no I forgot majority of their production is tight light/condensate stuff, which refiners can only use when blended with heavier crude. Like comparing H2O & seawater....

DBNO if we can see it, don’t you think Opec might be slightly more clued up. ? Hope you weren’t too badly burnt with your short or was it just big talk ?

Exactly Maverick, but I’m sure opec are experts in all of these dark arts

Hopefully back to the 80’s in next 30 mins

Only out by 13m barrels sauerkraut.

Bloomberg report that US/China trade deal 90% agreed

Bit like the media, they have a brief to fill column inches, even if it’s garbage

What value 800m barrels of recoverable crude. Assuming 8usd a barrel your looking at 6.4bn usd. PMO share 1.6bn USD. This company is ridiculously cheap.

Am I being cynical questioning huge draw just before opec+ meeting ?

Anyone got an opinion on what is Iran’s end game ? & what do they hope to achieve by antagonising the yanks? IMO if they can escalate the price of POO it would give them leverage in negotiations?

Mrd your strengths is the knowledge you’ve built up over time on pmo. Johnny come latelys that mess with your mind are best ignored. It’s a bit like investing or should I say taking a punt on say sxx & not getting why it’s not back at 20p (shedloads of convertible bonds shorting the hell out of it) . Stick to what you know.

Kraken firing on all cylinders possibly explains AB recent buys, it would also suggest general confidence with the enq portfolio.

Good read Modestus, thanks for highlighting