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Has to be surely . Done it once before in 2016 between Feb and March. Was a similar situation then, recovering from the oil price crash...oil was mid $30's during that period......so an iminent "Breakout " is most definitely on the cards.
Can anybody give an explanation as to why for days now the share price appears to have been controlled in such a narrow trading range of 28-30p
Could it happen all over again?....early Feb 2016, Brent beginning to rise back up , fetching around $30+ dollars a barrel. Pmo share price rose from 30p to 51p by early March 2016.....1 month 20p rise
Which one will get there first tlw or pmo? ....and by when?
Late January Pmo was 19p Brent in $20ies ....then agreement reached on oil production cut. Poo then risers fast to $38 ...pmo share price then rose to 51p...it took 6 weeks. Couple of profit takes along the way...could history be repeated starting this coming week?
Download webull app from playstore onto your Android smartphone. It's realtime streaming of stocks .. it's totally Free ,used it since moneyam stopped their service...no problems with it ...reliable , accurate .but only shows last traded price...as it updates.....otherwise set up a free investing .com account...simular service there...better for laptop or PC...service is free and accurate does show bid /Ask.. hope it helps
Only getting 0.1253......0.1275.......0.1283. Timed between 4.15 to 4.30pm...Also very wide spread operated by MM's into rise from low of 0.1030 ...then ofcourse day traders took profits as it approached 0.1500 ....and fell back again....seems like a gate at 0.1500...2 recent high sessions not breached it.... really don't see this climbing untill after next massive placing is absorbed earmarked for sometime mid March.
Of course it's difficult to set aside the dissapointment of this year ..but from where the SP is at the moment and the anticipation of a series of market updates to come from Angus in the near future on it's 2 main projects....it's realistic to expect quite a good uplift in the share price.
To take a position here while the share price is so low in relation to the assets of the company and the positive news flows anticipated in respect of Balcolme testing application approval and the prospect of exciting well test results to come from that. And secondly the commencement of the reconnection of the salt gas well.