Member Info for Bladesman

Gripps, the point is these new assets get the debt repaid in double quick time thereby getting a far more deleveraged and cash generative business, unlike waiting for zama to get on stream, makes perfect sense

Yes back in blue. After all the fuss of yesterday digesting the details of the Rns folk are coming round to the notion this is a breakthrough for pmo and is a stonking good deal.

Makes sense. Thanks

Anyone know what's caused this ?

Reading arcm's press press release , I can't see the logic of their argument the deal is bad for shareholders when they have a record breaking short against pmo which is betting that the sp will fall. They are contradicting themselves as the opposite is true and their short will cost them big time.

With 51m shares traded yesterday (sells and buys combined) there's a long way to go before shorts can fully close their positions, a very long way. Expect buying pressure to last for a while yet and with Brent doing well and increasing, the cost of fully closing out short positions is only going to go UP!

Thanks Plebs. Nice to read something relevant and helpful. I think that the news today is only the start of a significant and sustained rise in the sp. At 120 its still dirt cheap. I'm planning to be in for sometime yet. We'll done to all pmo' rs for your patience.

TUE JAN 7, 2020 / 9:01 AM GMT
BRIEF-Premier Oil CEO says does not expect to pay tax in Britain for 10 yrs

For ARCM. Great move by TD utilising 4bn tax losses on buying very accretive UK assets. Bingo!

Thanks Dodge. Nothing concrete to hold the sp back i mho. Looking forward to Thursdays opening after tu Rns.
GLA.

Dodge, how can a firm that doesn't own shares ie a shorter stop the sp from rising. I don't see how this is possible.

I am .......
A private investor
Better informed than the Sunday telegraph journalist
Very confident about pmo's financial position and prospects
And NOT SELLING ANY TIME SOON!

ARCM can't keep the tide back with the flurry of good news about to be released. I believe the Rns on Thursday will be reassuringly positive to add even more pressure on the shorts. Pmo will have no difficulty in lining up suitable lenders to replace this motley crew. When this is all sorted pmo will be re rated and even possibly be a fully paid up member of the dividend paying ftse 250 club. Now that would be fandabidosi.

Thanks Plebs. Much appreciated but as you say it's all a bit of a mystery. None the less I expect this will all become much clearer once re fini is done. Cheers

Plebs, may I ask who is the surprise name on the share register, if you can share?

Pray tell who the mysterious investor is on the share register!

Except mine was more Ford transit rather than truck load, but as they say every little helps!

Good call Ribeye. Did the same.

Dear All, I appreciate more than most that today has been a tad disappointing after the strong start but....... Bear in mind we have t. u. to look forward to, zama update and the closing of arcm short. So, lots of upside to come. Happy week end everyone.

Can't beat beat North Sea, don't you think. Eg CATHCHER! What price brent in todays uncertain climate?