Not really a rise in cases as it’s a redefinition so fall should be reversed quickly when people assess no real change
Seems like at my are wasting their time and others with arcane questions which whatever the answers wouldn’t alter the strategic questions about these acquisitions. Surely odd to bring these up in public domain. Presumably it’s to create some doubt with other creditors but I imagine this is not the way these mattters are normally discussed so motivations suspect. Best just to ignore these questions I think and presumably Pmo will too.
Yes let’s hope so. Is their defence that they were unaware of the rules? That is no defence at all for anyone but a complete joke for a hedge fund specialising in this area. Do they have some other defence that I am unaware of? None of this really affects pmo share price as bygones are bygones and it is unlikely that any fine would affect a hedge fund in terms of decision making on the short unless tha face have the power to enforce selling which I imagine is not the case. The bigger picture for pmo remains it’s medium term plans on acquisitions and debt reduction which appear very good,
Yes this is very satisfying news. Hard to judge where this will now take the so and when the vote is secured a further rise might follow. It’s possible now to see some serious readjustment or is this priced in already at least to some extent? I am feeling positive and want to continue holding in this new scenario. Bigger players may be considering this share now.
That is interesting. I Understand this better now and see some logic in a high figure. I’ve only used a higher limit when I have been looking to sell around the current price. A bit like a day trader limit I guess. I get the takeover argument and to a lesser extent I guess market makers can use limit prices to buy or sell shares or even use them in some hypothetical way to set prices. The latter is something I’d be hss as ppt for others to explain more fully!
This is all interesting but not sure how believable this is. If I set a limit order it is nowhere near the levels stated in some of these posts . 350p is ridiculous in my opinion. Are the holdings stated in any way verifiable. I hold a significant number of pmo shares so have no interest in talking down the share price but some of these posts seem to be attempting to create entirely silly projections within any forseeable timescale. I review any limit position on a regular basis so prices above 150p are just not serious as far as I’m concerned.
I hold both these companies and disagree that pmo is comparable with enq jest. Pmo have a global business and some very strong assets. Potentially they are a ftse 100 company. Enquest are a good investment arguably at current prices but are not in the same league. Pmo have massive potential whereas enquest can only hope to be a reasonable bet on the oil prices. Still worth buying but please not a fair comparison. Debt pmo have could go fast if assets start to turn into cash flow and that might be sooner rather than later.
Surely this news moves pmo into a solid fresh 250 company. That in itself is reassuring. It makes future finance more secure and less costly. Assets are looking more diversified and global. In the longer term this suggests potential as a fate 100 company. This all suggests even the current price is very cheap.
Looks like he was a second rate footballer but well connected parents. So no surprise he is working for the telegraph. Not a great background to rely on as far I can see. Maybe he will move on again if this new career doesn’t suit him. I would lnot gicpve his opinions much weight. I’m not selling pm shares.
Yes I am out now but have held Tullow on and off n recent years. I’m not saying I wouldn’t come back but I would want to be 100% sure any director differences are resolved. Any infighting is not for me. I would need to wait for that reassurance. Hence with that uncertainty I see only more downside than recovery potential. I guess at 20p a share I might consider a small investment at this stage.
Pulled out of this share too late. Clearly very bad and glad to be out even with a heavy loss. I own other oil shares and reasonably confident in those especially premier oil. I think the worrying thing here is that there is clearly some big differences at the top of Tullow. This is usually disastrous for any organisation. For that reason I see no hope in holding on and waiting for recovery. Sadly a lesson learnt and should have sold earlier.
The fundamentals for pro remain the same. No indication of any change. Long term investors need to hold their nerve. Tallow fall not relevant.
I don’t hold long term here as it’s not what I think of as a high quality share. Too many issues.
It’s one of my most profitable shares to buy and sell though and I would rate it a bit below 19p and currently a sell at over 22p.
Hi
This is a large fall. I sold out at 23.12 this week expecting a small
Adjustment. This must now be a reasonable buying opportunity
Below 21p. The update seemed good and poo gal
Hard to see as a new trend. Brave investors should buy now
Rather than panic sell imho. I also invested heavily in
Premier oil and have decided just to hold there.
Again it’s not a sellers market. As for stop loss that
Can work against you if you keep selling at these
Levels. I think most oil shares are cheap in relation to the
Current oil price. Let’s hooe the current turbulence settles next week.
No point in going back too far with price of shares. I sold out of premier at nearly £4 but made good profits from the jump back from 50p. Im a new investor in enquest and started at sub 20. These are the prices you need to focus on and they both seem cheap now at around £1 and 20p. Just as it was a big mistake to hang around with these shares 4 years ago so it's a big mistake to sell now. The gearing upwards is likely To be huge at these oil prices. Premier is the classier share and offers the biggest upside but enquest is cheaper and lower debt maybe a biter short term bet. I have a core holiding in shell and tip these up with profits from these higher risk shares. No point in going back in time and comparing with old prices. Bygones are bygones is a well known phrase in economics and you need to periodically wipe the memeory of old prices in working out what to do next, good luck!
Hi
I agree this is a challenging share to buy. I have made good profits but currently sit on a significant loss having bought back in at 120. But I think it's worth waiting now for at least the medium term upside obviously depending on similar time scale for Oil price. I made lost of profit from below 50 up to 135 so see that tradectory coming back at least in the medium term. Survival of PO seems reasonably assured now so waiting seems ok. I have about 5% of my total portfolio in premier oil and it's my biggest holding so I'm keeping a close eye on it. I have some other sizeable oil investments too in Shell and other companies so believe it's a good time to invest in this sector if you want really big returns with some risk. If you look at director buys in some of the smaller companies such as enquest this is also indicative. I can't see any other sector with such large upside at This point in time. I'm also into telecommunications companies if your looking to buying in at a low point in this sector. That's where I'm pitched right now but think you have to keep these volatile sectors under close review.
Hi
I agree this is a challenging share to buy. I have made good profits but currently sit on a significant loss having bought back in at 120. But I think it's worth waiting now for at least the medium term upside obviously depending on similar time scale for Oil price. I made lost of profit from below 50 up to 135 so see that tradectory coming back at least in the medium term. Survival of PO seems reasonably assured now so waiting seems ok. I have about 5% of my total portfolio in premier oil and it's my biggest holding so I'm keeping a close eye on it. I have some other sizeable oil investments too in Shell and other companies so believe it's a good time to invest in this sector if you want really big returns with some risk. If you look at director buys in some of the smaller companies such as enquest this is also indicative. I can't see any other sector with such large upside at This point in time. I'm also into telecommunications companies if your looking to buying in at a low point in this sector. That's where I'm pitched right now but think you have to keep these volatile sectors under close review.