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https://www.zerohedge.com/geopolitical/hydroxychloroquine-demand-triples-overnight-following-fda-approval

Also encouraging news re the virus, now if someone would just assassinate MBS and stop them pumping oil then everything would be better!

MEM one answer is simply to put 6 pilots on an aircraft and run a flight from LGW to LGW to give them all a currency ride. Job done in 90 minutes and while more expensive than a sim a deal simpler then two pilots plus instructor sitting in a box for two hours?

That said I broadly agree the sp going lower for a while yet.

Thank you all very much for responding, on balance I think the post reminding us that much of the production has been hedged is key. The other consideration is how long will the Saudi's keep pumping? I think PMO will survive, is it yet a strong buy? No, but it is a brave buy and I am tempted.

I suspect you are correct, from the DT online yesterday:

"Rolls-Royce is facing a cash flow crisis as the collapse in air travel caused by coronavirus sees half of its revenues evaporate, leaving the FTSE 100 engineer scrambling for cash.

Within days of the scale of the crisis becoming clear, Rolls drew down £2.5bn of funding to boost its liquidity to £7bn.

However, with the company depending on its civil aerospace business for half of its £15.4bn underlying revenue, it is likely to need further funding as the coronavirus crisis drags on.

Airlines have “power by the hour” contracts with Rolls, paying for the number of flight hours on Rolls engines for their wide-body planes. Revenues have collapsed as demand for air travel plunges and borders close."

I will wait and see, believe RR will survive but has not hit rock bottom just yet and prefer to invest on the up trend rather than best guess bottom price.

Kept an eye on PMO for years but not been invested for a long time. Appreciate it has oil on tap in the North Sea but significant levels of debt too. In the opinion of the board posters here will PMO survive?
I was tempted to buy at 30p then 20p and now 16p.......where next?

Almost there....that said, I am tempted to risk a few quid this week on RR.
What the company needs is a firm order from the UK to build a few SMRs.

Demand will return and the oil price war come to an end this year but everyone has reduced their Capex on exploration and development so there will eventually be a shortfall in supply and the majors might well just buy up smaller players like CNE.

CNE may go lower but if you are willing to buy and hold I reckon they look cheap at these prices because oil will return to $50-60 a barrel.

Gut feeling but right now Spain or rather the Government in Madrid needs some "good news".
They just might cut the green crap, issue the permits and allow this mine to start production with a few jobs generated and pictures of happy smiley Spaniards in hard hats digging dirt. And more jobs and money to come if the market for uranium picks up which I am confident it will.

I have not seen anything saying it would not be paid as yet. Assuming all goes well on 29 March the money will arrive in a couple of months and that might see the sp go up a little as so many companies are not paying dividends right now.

Caitlin raises a fair point but it depends on how long the lock down goes on for. My bet, is a few months and while that is going on the price of oil will rise after Saudia Arabia and the Russians reach a deal on output. MBS may well not survive this oil price war. Some airlines will go bust but the large low cost ones can hibernate for a long time.

Oil analyst Daniel Yergin’s book The Prize has been described as “the canonical history of the oil industry.” As a value investor, the part I found most interesting was the section on the 1980s oil price slump, when many oil companies traded for less than the value of the untapped oil and gas they owned underground.

In Yergin’s words, both oil companies and outside investors eventually realized it was ‘cheaper to “explore for oil on the floor of the New York Stock Exchange” - that is, buy undervalued companies - than to explore under the topsoil of West Texas or in the seabed of the Gulf of Mexico.’ Once investors realized this, they bought up oil company shares, causing them to rise to a price that better reflected the value of the companies’ underlying assets. Since value investing is all about buying a company’s stock for less than its underlying value, this story was unsurprisingly appealing to me.

PMG has gas and oil reserves, in the couple of years an oil major will make a bid and get it cheap.

Oil analyst Daniel Yergin’s book The Prize has been described as “the canonical history of the oil industry.” As a value investor, the part I found most interesting was the section on the 1980s oil price slump, when many oil companies traded for less than the value of the untapped oil and gas they owned underground.

In Yergin’s words, both oil companies and outside investors eventually realized it was ‘cheaper to “explore for oil on the floor of the New York Stock Exchange” - that is, buy undervalued companies - than to explore under the topsoil of West Texas or in the seabed of the Gulf of Mexico.’ Once investors realized this, they bought up oil company shares, causing them to rise to a price that better reflected the value of the companies’ underlying assets. Since value investing is all about buying a company’s stock for less than its underlying value, this story was unsurprisingly appealing to me.

The casinos are shutdown due the virus. Yes, they will re open and Vegas being Vegas will recover but what will the owners take away from all of this? They will want to have a bigger online presence and Trump will be leaned on to relax online gaming laws some more. Casino operators will then go out and buy an existing platform like 888 imo.

That aside 888 is debt free, makes a profit and pays a dividend. In times like these 120p a share looks cheap.

I agree but believe the demand slump say from airlines being grounded will be short lived and the oil price war will peeter out once MBS is placed under house arrest by the House of Saud. Both scenarios possible in the next few months.

Fortune favours the brave, I now have 3000 shares purchased at an aggregate price of sub 300p and content to hold and wait for better times.

I topped up with another 5000 this morning as I also expect a bid but I am realistic about how much. I suspect a figure of around 25p the best we might hope for regardless of how much copper and gold might be lurking in the ground. Frankly that would be a good result for me but appreciate many others might feel cheated if that came off.

Anyone else read the RNS? Small top up but encouraging?

Buy a few P1D? Tempted myself as I believe the industry is due a turnaround.

Well it might and you could get 100,000 on the cheap or BKY could sink further and go bust but Nuclear Power is on the up imo.
https://www.world-nuclear-news.org/Articles/Chinas-nuclear-generating-capacity-continued-to-gr

Having lurked and admired BP from a distance for some years bought 2000 shares last week. Close of play Friday I was up £250 and this morning probably even. For the brave this is a once in generation opportunity to get invested. Might BP go lower? Yes that it is possible but will it be allowed to go bust by Boris? I intend to hold long term and add on dips.

Now is the winter of my discontent... As dark as things are here for private investors I wonder much worse things must be in Spain? Tourism is broken, airlines face going bust, a major health scare and Madrid is being run by who exactly? A bunch of leftist idiot environmentalists? At some point one of the Government is going to realise that any job creation scheme, anything is better than nothing and more bad news.

Hence having lost money here I did buy a few more this week and might add a chunk next week. The Oman money is still invested/available, the uranium market is showing signs of life 232 petiton etc and there are indications that the Nuclear Power Industry will play a significant part in low carbon electricity generation within the EU and Asia.