Member Info for bransonbull

Results were in line. A 25% drop in two days when Brent is still mid to high 70s was too much to resist. Have accumulated a decent stake here

https://www.fool.co.uk/investing/2018/05/24/can-the-premier-oil-share-price-reach-150p-in-2018/ Can sbdy post full article - im not registered!

Bays good to hear from you. So you reckon that whilst poo driven the relentless rise in the sp is partially manipulated ahead of a ri to fund 20% purchase from mol? Interesting thoughts

Cost 1.85 billion. Producing 5000 a day Debt reduction last results... 70 m usd after raising 250m usd from the convertible. Thank catcher for the poo rise. Thus is where sentiment also comes in. 6 months ago, hardly any movement on debt would have seen a fall, now we get a 10 to 20 % rise!

I see vod as a bargain. Usual fall on results, stabilise, mass panic to ensure in for the dividend. A modest recovery to £2.10 to 2.20 pre ex dividend looking possible

Wasn't it up 13

Sorry Beethamboy that should be!

Hello Steve....greetings from Bransonbull. Glad you are still in PANR. Hold a good 160ks myself & was wondering if you are still invested & keeping the faith!

POO up for now...will probably continue upwards for a while but nothing is certain - as always - in global oil markets. The OPEC cuts might see a lot more cheating with higher POO & Trump is nervous about impact of higher POO on US consumers. He might well call in the Saudis to bring back production. After all, they've taken large amounts off the market. Balanced against that Venezuela prod still falling off a cliff!

Hydrangea Read the following . Towards end it explains why there was a sell off. Some market participants thought he would adopt a half measure https://www.cnbc.com/2018/05/08/oil-prices-fall-as-the-market-awaits-trumps-iran-nuclear-deal-decision.html

Ps I am talking about why Brent fell. Pmo and the etc. Fell in sympathy in parallel since they are closely corrated again with Brent

https://oilprice.com/Geopolitics/International/Oil-Market-Volatility-Set-To-Soar-This-Month.html

It wasn't manipulation. It was a small flash crash. Apparently a couple of media outlets in the US put out misleading statements before the announcement. These days algorithms read headlines and the algos then trade accordingly. They all sell in parallel since they are signal driven. I bought a shed load of TLW into close at 225.3p and 226p

Sanctions to come back on in 90 days

Agree initially until tomorrow..then penny will drop that market will tighten further

Full effect. Fascinating watching Brent during speech.

Next they'll be telling us that 43% dilution is non-material! Still, the EON deal was a miracle so we can forgive such minor linguistic nuances with the interpretation of the term "non-material"

https://www.google.lt/amp/s/amp.ft.com/content/112d1342-488f-11e8-8ee8-cae73aab7ccb Good article. If you don't subscribe Google ft oil st 75

Brent was at 67 per Syrian strikes. I see 80 if Iran sanctions declared but only temporarily But I reckon there's a chance that the Iranians blink first. If they agree to negotiate on matters outside the current Treaty I see 67 to 70 usd back on table Look at North Korea. People blink with trump cause they know he is crazy enough to do anything

https://www.bloomberg.com/news/articles/2018-04-30/oil-hedge-fund-manager-andurand-says-300-oil-not-impossible High oil prices would not have an adverse impact on the economy he claims. Has he not heard of supply-demand elasticity ?!