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Seven trades showing on here, all buys and no movement but they can drop it on much less volume.
Impressed, no trades registered but drop in price. Does this trade on more than one platform?
"the poison dwarf dictator STURGEON picks the judges & police hierarchy in the PRIVATE company police scotland which SNP made up"
The funniest thing i've seen about Sturgeon was, her nickname at college was "Seaweed" as even the tide wouldn't take her out! Perhaps she's just dreaming one day it might be her.
Sorry Saur, wasn't going to scroll through lots of posts. Great minds and all that
I think this would be a good time to change their name, drop "oil" and maybe change to Premier Energy. Know one likes the word Oil anymore
The investors knowing the price would be insider trading wouldn't it? Or as some call it giving money to ya mates. Not much point in raising this with the regulators as i haven't had any reply about the ARCM short.
I've just logged on and can only see one or two posts in amongst a sea of filtered posts.
Can you guess who's posts i don't have to read?
I know that the so called major shareholders are more important to pmo but their reply wa a bit "your a menial"
I've got too much in this to walk away and probably won't be able to raise enough to rescue my funds. Live and learn, eggs in one basket etc.
I wrote to pmo last week voicing my opinions on the latest RNS. Below is what i wrote and then their reply. At least they did reply..
Yet again, you have managed to wipe out a huge percentage of shareholder value with a poorly written Rns. Well done on continually pocketing your pay while our investments decline and decline but never your fault!
How can you release information regarding a possible placing without putting a figure on what it would be? Now at the time of typing the share price is 25% lower as the market is guessing where the placing price will be.
Whoever writes the rns's please find someone competent to do so from now on!
Dear Mr P
We need to have formally agreed the terms of the refinancing before we can launch and price the equity raise. Shareholders would not be willing to put in new money before they have certainty on the refinancing terms nor would we feel comfortable putting that equity at risk without firm plans on the refinancing.
There is no denying that the size of the equity raise relative to market cap together with the fact that we were unable to price the equity did result in a very ugly share price reaction. However, our major shareholders who we spoke with before the announcement were (and remain) supportive. We have also spoken to other shareholders and new investors since. All have been supportive of the plans we have laid out. There has been, we are told, no change in short activity. We do not know of any institutional sellers and, in fact, know where in a couple of instances institutions have increased their position.
The marketing will continue this week and into September and we are hopeful that we will see buying interest in the stock pick up again.
Kind regards
Elizabeth
Hi, from memory it's 20 days.
Has anyone else e mailed pmo? I did yesterday voicing my opinions, no reply so far but not really expecting one as if they did so quickly they might not **** it up like their Rns's
The Energy Information Administration reported Wednesday that U.S. crude inventories rose by 4.9 million barrels for the week ended July 17. That compared with an average forecast by analysts polled by S&P Global Platts for a decline of 1.9 million barrels. The American Petroleum Institute on Tuesday reported a climb of 7.5 million barrels, according to sources. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by about 1.4 million barrels for the week. Gasoline supply fell by 1.8 million barrels, while distillate stockpiles climbed by 1.1 million barrels. The S&P Global Platts survey had shown expectations for a supply decline of 2 million barrels for gasoline and an inventory increase of 280,000 barrels for distillates
China own loads of Usa's debt, it could come to a point where they call it in. Lets see what the orange faced twit does then
https://twitter.com/PremierOilplc/status/1285094127546376193?s=19
It's hard to see PMO down 4% when the general oil shares are having a good day (Tullow+3.5%)
What do you make of the latest holding RNS, basically showing they have sold most of holding?
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 2 million barrels for the week ended July 3, according to sources. The API data also reportedly showed gasoline stockpiles fell by 1.8 million barrels, while distillate inventories declined by about 847,000 barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged up by 2.2 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Wednesday. The EIA data are expected to show crude inventories declined by 3.7 million barrels last week, according to analysts polled by S&P Global Platts. They also forecast supply declines of 1.2 million barrels for gasoline and 500,000 barrels for distillates. August West Texas Intermediate crude CLQ20 was at $40.44 a barrel in electronic trading. It settled Tuesday at $40.62 on the New York Mercantile Exchange.
Can i ask , are you from New York with that accent? (overboight). Perhaps thats why you're fixated with WTO ;-)
The soon-to-expire May contract for the U.S. oil benchmark was on track Monday to finish in single digits for the lowest close and biggest one-day plunge on record for a front-month contract, reflecting a growing glut of crude and a lack of storage space.
West Texas Intermediate crude for May delivery CLK20, -91.90% CL.1, -92.72% was down $15.71, or 86%, at $2.66 a barrel. The May contract expires on Tuesday. The one-day drop would be the largest on record going back to 1983, while a finish near its current level would be far below the previous all-time low for a front-month contract at $10.42 a barrel set on March 31, 1986, according to Dow Jones Market Data.
The huge drop in the nearby contract reflects traders scrambling to exit long positions that would require them to take physical delivery of crude amid dwindling storage space. It also reflects a convergence with the physical spot price for oil.
“The collapse...is mostly a reflection of traders rolling contracts to June as no one wants to take delivery because storage capacity is getting close to being reached,” said Edward Moya, senior market analyst at Oanda, in a note.
The June contract CLM20, -12.90% , which is the most actively traded, was down $2.82, or 11.2%, at $22.24 a barrel.
The ever-widening discount for May versus the June contract reflects “all the bearish supply and demand drivers that remain permanently in place,” he said.
“While we are probably setting the stage for a significant bottom in oil, it does not matter for the May futures contract that will be delivered into a nightmarish bearish situation,” said Phil *****, market analyst at Price Futures Group, in a note. “Not only has demand ground to a standstill, the impact of oil cuts from OPEC+ also will not start in time for the current delivery.”
The trading action comes after the May contract posted a 19.7% weekly loss on Friday.
WTI contracts for later delivery have traded at much higher prices than the front-month May contracts. The steep upward slope for prices in later months in crude, a condition known as contango, underlines the dearth of storage of crude in recent weeks as the coronavirus wreaks havoc on global demand for oil.
The expiration of the May contract and the fundamental demand problems have combined to put outsize pressures on the energy sector.
“Price discovery is complicated, more so than usual, by the soon-to-expire WTI NYMEX front-month contract for May 2020,” wrote Stephen Innes, global chief market strategist at AxiCorp, in a Sunday research note.
“Even more so as the near-term prices are trading massively discounted due to storage premiums getting packed in the far dates, creating very squeezy conditions on the expiring contract as final day settlement (FDS) looms,” he wrote.
Monthly reports from the Organization of the Petroleum Exporting Countries and the International Energy Agency have underscored a period of flagging appetite for crude, even as major oil
snap