Member Info for Bladesman

Welcome Bradley, dont know how you got yhe time to fit this in what with all those episodes of the Chase. " The Chase is on ! "

is not in the script ! Arghhhhh.

7bn is a very realistic valuation translating into sp of 38 ish. Bring it on !

I believe next week will be a good week, climbing to 35 p as we build up to launch of newco in only 17 days time. Squeaky bum time !

$100 per barrel is a nice thought, but its not going to happen as the Saudis will up production to keep the market in balance .

Update on Tolmount will be in results publication on Thursday. And Zama, if we are lucky. Lots to look forward to.

Hmmm, dont think so, tiddles would be upset.

Welcome back to the good ship pmo, bacchusll. . The mote the merrier.

This is from Talos annual results statement earlier this week. .....
Drilling and Exploration Activities – Mexico
Zama Unitization: Talos, the Block 7 partners and Petróleos Mexicanos ("Pemex") received an extension from Mexico's Ministry of Energy ("SENER") through March 25, 2021 to finalize a unitization framework to be reviewed by SENER prior to a public announcement. Pending the conclusion of unitization discussions in the coming weeks, Talos would aim to reach Final Investment Decision ("FID") on the project before year-end 2021.

https://www.worldoil.com/news/2021/3/12/us-shale-prioritizing-debt-over-drilling-just-as-opec-predicted

Liz, read posts from Stevo and Soder which are very informative. I haven't seen ayone put up any cogent arguments against their analysis. In short, they argue pmo is undervalued currently, but it's not without risk due the very high number is shares being being issued to creditors as part of debt repayment who might not want to keep them. So, excess shares hitting the market without buyers. Others argue pmo is undervalued compared to peers eg tullow, due this uncertainty. You also need to take a view on the price of oil and whether it will stay at current levels. Many argue it will stay above 65 and even go higher. Also inflation going up tends to push up commodity prices since they act as a hedge against inflation so this is also a factor. Warren Buffet has just bought billions of stock in Chevron and hes no fool.. My view is there are more upsides than downsides, so it's a buy for me. But as always DYOR.

One pound short term is thish full winking, only at poundland, can you get a bargain like that. Or everything for a pound, and then you find out what you bought falls apart. 50p is good, let's stick with that.

It's a rubber stamp, och eye! Dont fret pet.

Tickety , no change in shares, you still own the same number of shares but the name changes from pmo to harbour energy. The big difference is there will be about 18 times more shares in issue though. Good luck with your investment.

Not great, but better than freaky. Heres to a good week next week as the clock is ticking........tick tock.
....... towards V day. Two weeks and a bit to go and results day next week. Interesting times . Good week end everyone ..

Big buy, as announced by me earlier !

Bought more pmo on basis of price advantage compared to tlw. Catch up time soon.

This gap is now too large to be sustainable. Catch up time after new co launch when all the uncertainty is cleared up. Looking forward to a hot summer for pmo/ he. Sizzling!

Pop, what, like a balloon ?

Thank you TD, not