Member Info for Dodger16

Give it 10 mins.

Love_You, I would factor in that the debt puts PMO outside of the risk appetite of most normal investors where capital protection is key. I buy it but I also invest for my parents (ironically better than what I do for myself) and would never buy this with their money - and that is the problem here and the reason for the undervalue. Need that multiple brought down.

BTW - read your posts - you are some poster - how exactly did you analyse that main Saudi oil field? Were you on site?

Just hope Brent keeps rising then the truth will out.

EIA soon and if it is a draw and brent continues its climb I can see a lot of confidence leading to some buying.

I added a small amount at 20.2. I
Normally trade but this is still beaten down.

Plebleens - I am hoping if there us a build on API\EIA it is ignored, all signs looking good. Not sure how Trump figures he can lower oil with more Iran sanctions.

Andy went to ADVFN, he is on there now doing the same old.

Members is okay, just frustrated.

They are too busy claiming their second homes on expenses and worrying about their own interests in general. They make me have a lot of respect for straight talking Trump.

Greg - It needs to break 20p and stay over it, then I think we will se a decent run taking it up to high 20s.
I don't see the rise coming after any RNS either, it will just happen.

colebrooke - that's the view I am keeping. Can't believe broker ratings are being discussed, even more than I can't believe people are paid to come up with them. To me broker ratings are about as useful and accurate an indicator as the API.

Nice call on deb someone here made yesterday

I don't see why not. This is so badly beaten down it is unreal.
Hoping that we have seen a spike from the RNS, which fell back due to profit taking and oil dropping and now we can see a gradual climb over the week to a decent 20s figure.

I think the board of ENQ would not agree with you members given - need to look at the last few months performance.

Investors are more than happy to see debt used as long as it is within boundaries. Not having debt can stifle growth and be viewed as a bad thing - it is needed for projects that have payback periods in the years to come.
I would say a company with no debt could be viewed as inefficient unless it could absolutely say to the market it has no more projects to go after that it can't afford out of its current reserves.

Accounts say 7 cents.....

when you bought at 180p were they paying dividends still? I heard they used to be a really high %.

members - I get your pain mate, been here since before 2016. I am trying hard to get back also. The problem is the SP here never moves the way you would expect because any slight drop in oil is met with panic due to the debt - people forget the hedging, the board of PMO has done a good job, I think ENQ got Theresa May to sort theirs for them! I should have sold ENQ and got back here but going to stick it out for a bit.

Members - I don't link POO movements to this absolutely, its more to do with the sentiment on where POO is going. Right now the market thinks it is due a hit due to concerns on global growth and flipping trade wars.

Lets hope for a draw tomorrow.

Kraken - just a waiting game for me. I read a lot of comments on boards about short positions - makes me think some people have been watching too much Billions. I don't think shorts get burned - mainly because they have a portfolio of shorts. I think a few more will close if Brent maintains over $65. Problem last week was all the traders jumping off also - I stayed in, not what I normally do. This will go on a run, sooner rather than later. You know its going over 30p this year, just need to switch off to daily movement.

Members - the world is being panicked right now by the hedge funds that own the press. Just man it up. They will hit their annual targets by end of March and the media storm normally eases.

Just need to brent to hold $65 mate, took PMO a little while to get going after their decent results RNS.