Member Info for BeerMunky

Imagine it was a takeover here and the price tripled overnight. The lovely smell of shorts burning!

I remember rumours Premier Oil were going bust, turns out it was a reverse takeover and their share price doubled.

This must be a target...

HSBC upgrade to 282p, changed to buy from hold

Reporting strong profits today

Just wow. Anyone remember that green day we had a while ago?

My average is about 160 after doubling down. Seems so far away.

From 270p to 180p

Ah, did we ride that sentiment to all time highs earlier this year like the FTSE?

Well I was aiming for humorous. You can only laugh.

Don't care what the FTSE is doing. If we followed the FTSE we wouldn't be at 120p

Will remember yesterday's green day fondly for years to come. What a treat.

Slide resumes

So the dollar is very valuable compared to the pound now, and we just got 1.672 billion of them, and our clients sell their products in dollars so they'll have loads of money for new work, and we now look very cheap to to the rest of the world's investors...

Trading update tomorrow its in the financial calendar on the Wood investors website.

Under £1bn. Insane

Stunned the share price has fallen to these levels. This feels like Cairn when their arbitration award from the Indian government was about the same as their market cap.

Heavily invested with an average of about 180p. Who cares about current levels of debt and working capital semantics when we have waivers from lenders and a pro forma net cash position after the sale? Debt-free in a rising interest rate environment. Bring it on!

Wow. Results a fair bit worse than expected, no sale of part of the business yet, CEO stepping down, debt up and nearly at covenant level, more cash charges. Wtf. I'm out.

Looking forward to ending the day -1.74% down, today, the next day, day after day, until we're all penniless and decrepit.

I've seen £2bn floated as a price for the sale of part of the business where did this come from? As it looks to me, why on earth would you spend £2bn on part of a business when the whole business has a market cap of £1bn? Even when you factor the debt that comes with the whole company at, say, ~£800m, you'd still be better off putting forward a takeover offer with a 20% premium to the share price.

Just thinking out loud. We shouldn't be in this position, particularly with a slew of new energy projects being planned for countries to have greater energy security. The SP should be at least double in line with analyst coverage.

What a joke

Morgan Stanley to 249p

Having looked at the circular it seems it'd be $240m total, as the sales multiplier reduces each year from 60% in 2021 to 20% in 2025 and the expected volumes reduce considerably over time. If they are able to boost production in the later years we should still benefit.

Holy crap. Do we get $240m per year when brent is above $80? $1.2 billion if its above $80 for the five years 2021 to 2025!?

Yup, it is on Bloomberg 95m dollars

$1.06bn refund