Member Info for Dodger16

Day is going to be powell, which i think is 2pm.

25% staff back to offices is a good indicator to me. The fact that i can get to work in 15 mins v 1hr..... I have bought 2 tanks of petrol this year. Normally buy 2 a month.

Kraken - you still in Enq? I am considering it.

I thought refinery shut down was bad for oil price.

Sauer - your commander sounds like TD!

MNazir - best to wait, I agree, like a cheap ***** PMO will always let you back in regardless.

Mnazir90 - just get yourself to the toilet if you aren't sure - better to be safe than sorry.

My German stops at "blouse mir eine nutte"

If you are from Hamburg then I am from China.

Sauer - are you a Geordie?

Bash, even ftse 100 companies (which i am mostly in) carry huge risk. Its all about waivers and headroom. Pmo can see this out if they get refinance. I will buy here but not yet, and it will be a decent transaction. I think there will be a lot of others like me.

Jonny - if its any consolation - every time I have sold PMO for a loss (and that's plenty), I have experienced that joy of watching it go up past my original buy price and a hell of a lot more.
People might think I am mad but I am trying to fathom if this can be a £2bn+ company. TLW was more with less production and higher debt. With leverage down (and we need oil back over $60), it could easily do that.
The only risk to me is the creditors take the full company - if the refinance fails, I don't know if they can do that?

Kraken - imo, ENQ don't hold their shareholders in complete contempt.

Do I have this all wrong?
Equity issue to fund BP - that should add the same value to market cap (and the opportunity for more with rising oil) meaning no difference.
Equity for debt - we get a years worth of debt reduction which moves PMO to a much better multiple if oil comes back on EBITDA. They could be at x 1 by end of 2021.
If oil goes back to $60+, there is 100k production and reduced debt this could be a £2bn company?

Alfa - TLW is worth more now. They seem to excel at destroying SH value.
Trading stock only. This all goes back to Solan

Alfa - snap, sorry for LT holders here, real owners have always been ARCM.

Alfa - were you out today, I bloody was, learned the hard way not to hold for a PMO RNS.

All markets down due to the Fed stating the obvious last night, China, Japan, UK - all markets except for the f**king US themselves.

TR61, good to see you post. Hope you are well.
You could chuck 20% of what you sold in jan back in and have the same volume of shares! Id be tempted!
Thought the sp did well but they are walking it down more gradually!

Further equity more than required for BP deal to reduce debt $300m. Anyones guess on open.

Nope, in other things. It’s annoying, the fed come out and state the obvious and the world drops its arse. Add to that the fact our markets did not rerate like the US either....

The Fed have upset markets stating the obvious. Ftse going to get a kicking if asia is anything to go on. So rns even if good might not help. Good luck!

It is time to move on from H1 ! We all know it was rubbish and is reflected in the SP of many companies.
Bought in today again, for a LT hold.