Member Info for EmeraldCarrots

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now. LOL!

Totally nuts share price. Only 8 new cases of virus in China. By any stretch It's a screaming buy up to North of 50p I would have thought!#
All IMHO.

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So biggest oil consumer getting back to work. Must have enourmous backlog of orders to fill. Presumably have/will be placing orders for oil imports. Weird China coming out of crisis when Italy doing the opposite. Weather warming up of course. Just hope that makes a difference. With UK cases expected to peak in 10 to 12 weeks - basically June ish. Well can be pretty hot in the UK July/August as we know. Just pray for a heatwave lasting a month! Then pray there is a vaccine ready for October. We must have a vaccine before next Winter IMHO,.
Article:-
https://www.bbc.co.uk/news/live/world-51866403

http://sitn.hms.harvard.edu/flash/2014/the-reason-for-the-season-why-flu-strikes-in-winter/

and still have the chance to certainly improve it to over $40 I'd say. Leaders Egos are costing hundreds of millions of pounds. 2 spring to mind. Both I would not gove the time of day to.

From the below article:-
"The state budget envisions that all the costs over the next several years will be covered at oil slightly above $40. As a result, “oil falling below $45-50 almost inevitably leads to conversations about a higher tax load on crude producers,” Fitch’s Marinchenko said.".
Erm..... as I post this Brent is at $32.82. So Russia does not like Brent below $45, and Putin has said they need $40 I believe. So this is going to screw Russias spending plans up a huge amount............ and IMHO Brent will tank further if OPEC and Russia do not forget their egos and sort this nightmare out!!!
https://fortune.com/2020/03/12/saudi-arabia-punish-russia-oil-price-war/

Bladesman.
One of the conditions of the deal going ahead is PMO winning the court case on the 17th.
It says if they do now win the whole deal is off.
If I were a PMO director I would be helping the oppposition! Quite litrally!!!!

$7 per barrel under your lowest level is not good is it Russia.
If you don't de a deal with OPEC IMHO it will be more like $25.

There is no evidence to support this at all.
Mid Feb this year Brent was $58. We are now only Mid March and Brent is $32.65.
So Brent has dropped by $25 a barrel in 4 weeks. So 4 weeks ago PMO was making a shed load.
PMO has 37% of it's production hedged @ $64, until July this year.
The current loan agreements don't expire until some time in 2021 if memeory serves.
Catcher is producing 60,000 B.O.P.D and has already completely paid for itself, as of an RNS some weeks ago if I remember rightly.
Then we have Zama.
Then we have Brent ONLY down badly for 2 weeks. 52 week in a year are there not?
The sp is 13p a share. We need to create a new English word for this as INSANE or BONKERS does not cover it IMHO.
I see the DOW is down 10%............ Massive bounce tomorrow I think.
Just about all the labs in the World are working on what will come, and the sooner the better..... a vaccine.
Us, the humans of the planet are pretty good at getting things done when we work together, so a vaccine in 6 months or less would not surprise me at all.
@ 13p IMHO PMO are a SCREAMING BUY!!!!!!!!!!!!!!!!!!!!
All IMHO.

Under 13p. No it did not.
ADVFN says bid 13.015, ask 13.335.
PMO need the oil price to be North of $45 by end of July IMHO.
fair chance of that.

they will not be buying the BP assets. The short is some 19% of all shares in issue. Would the sp jump up 20% in that scenario?

as well as OPEC and Putin.
China going back to work, only 16 new cases yesterday.
Could easily be a bid for premier. VERY easily. Big oil must be watching.
They won't buy the bp assets I'm quite sure.
Russia and OPEC will do a deal IMHO. iMHO they have NO CHOICE.
- Brent is still $33.
PMO have 37% of their oil production hedged @ $64 until July.
All IMHO.
All IMHO.
All IMHO.

interested in PMO. Exxon Mobil/Total etc....
This market mayhem is temporary.
Why? Because the scientists are very confident of a vaccine. Very, very. BUT 12 months or so.

is IMHO if OPEC and Russia cut oil production by 2m barrels a day and announce it before close of play Monday! I suppose anything is possible. OR if it is announced a vaccina has been found. More chance of drowning in the bath I think.
All IMHO.

You say genius if it works. I think Russia thought OPEC would go it alone and cut, as if not would cause carnage.
Maybe I'm too optimistic but if Russia and OPEC don't do a deal I'll be gob smacked (again!).
I read somewhere that Russia could have cut the 500K a day without too much problem. Maybe that was a load of rubbish.
So not cutting has trashed the oil Co's share prices, trashed the price of oil and is trashing all major oil supplier Countries income to an extent that will really cause problems. COMPLETE MADNESS!

looking to open up Wuhan.
China was the biggest importer of oil, and I'm sure will be again give it 4 months.
Trump has got to want the oil price higher than $33.
Saudi and Russia ditto.
Call me mad but something has to happen regarding a cut in production.
They need a 2m a day cut now, not the 1.5.
Economically iw will hurt Russia and Saudi, but not doing it is evern worse as I hope they can see.
If an agreement sends the oil price back over $40 things will suddenly change for the better.
Fingers crossed.
All IMHO.

Time to fire your Russia/OPEC negotiating team Mr Putin? Then you can blame them.