Member Info for Dodger16

Good rns under circumstances and who gives a toss about a bit of outage with oil at these levels. Couple of things that will spike sp on any given day. Debt fine and not going other way. Hedges are doing a job. If we are going back to work (and we are), lots to be hopeful for. Probably go down today, i think rest of market will given drop on dow last night.

But while there's moonlight and music
And love and romance
Let's face the music and dance…

Btw cash, that 40% got me back money i lost over three years. So it ain't 40% overall! All square for once. 4 years of nothing!

Trumped. Pointless watching anything today.

I doubt pmo will go bust. If i learned anything from the last downturn its that lenders will waive covenants. They don’t want half their money or whatever back! Cant see dilution either, market cap is too poor to make it meaningful.

Thought this would go down. Its trending with general market. Awful results coming out from companies. Surprised they still want to buy north sea assets. I foolishly sold my buy at 15p for 10% win - a dodger classic! Going to be lots of chances here, head tells me this is the buying chance of a life time, just not got the stomach to put big money on it.

If lockdowns continue over the summer months dbno, it is game over for our economy.
Nevermind PMO at 10p, you fing moron. Most of the FTSE 100 will go under.

Hi, Glad to hear you are doing ok!
I bought 100,000 of these at 15p but came put again after 10%! Will never change!
Been trading and about 30% up now this year. I was out for the fall, with everything, SIPP, works pension, wife's pension + ISA. Trick is to pick companies that the gov't will bail (like the banks). Sold Lloy and Barc yesterday - made a bit off them lately but still traders game. I will buy here but feel it will revisit lows - how can it not. I think the stimulus packages have helped the market and now we will see earning projections that will shatter that.

Ultimately I believe most will come good including this - because our way of life has to go on.

TR - hope you are well mate.
You ever fancy a punt here again? At a 90% discount to your last sell? Just buy the volume back.

Marshy, i went to houston once for a few weeks. Mate worked for marathon oil. Its some place. Memorial park was great, watched a baseball game there and got across to san antonio for a few days. Even went to katy mills and bought a load of golf tops (half the cost of uk!).

Pmo will survive, be plenty of covenant waivers due. Lockdown cant go past june, our way of life would end.

So I was fantasizing the other morning when I saw PMO open at 10p?

Furry - I nearly bought yesterday at the close - just felt it was going under.
All a guess really as to what oil will do but after reading RNS I would say PMO are much better placed than many to see this out.

DBNO is specialist. He chases bad news and wonders why he gets stung.
I can't believe the SP now. I used to own 100,000 share and never though I would get the chance to buy that volume back for £100k never mind £15k. Might take a punt, to me the risk is ARCM wanting a wind up and sale of assets, I don't think they want that.

What season is it in Australia right now?

Looking good for net zero pledge

Prob all its worth now cash! Im
Not buying at that price

My hl let me in but you cant buy

Never thought it would come to this. In cash and have been for weeks but genuinely feel for LTH here. I can’t believe what i am seeing.

So oil has lost $20+
Pmo at say 70k means a $1.4m hole each day in cash. Multiple by 365 days is $511m cash they could have. Reduce by the hedge and i still think you are looking at a figure that is way more than their 2019 debt repayment.
I hated arcm, but this virus has made them look very clever.

DBNO - doesn't matter if they play ball or not. Nothing can be done on the supply side to help what has happened to demand.