Member Info for FullyEnergized

Yes, thats correct. I meant for the moment it makes no difference if its paper loss or physical loss.

Hey Investopian,
this:
"You only lose money if you sell at a lower SP. Otherwise it's only a paper loss remember."
is an all time fairytale!
The only truth is the figure you see by looking at your depot value. Independently if you sell or hold.
What does it mean "paper loss". Is this better than physical loss? No, certainly not.

Hi nhawan,
Russia and the Sauds do not need to cut 10m by themselfes. It will only work if all (including US companies) do a cut.
That would be feasable.
The only question which remains key imho is: Will the cut size be lower than the filling speed of the global stock piles and therefore how long will the lockdowns last? This is the triangle we are moving within.

Extract from 13th March trading update:

" Assuming a $100m reduction in planned 2020 capex and $35/bbl oil price for the remainder of the year, the Group would expect to be broadly cash flow neutral in 2020"

So another $4 rise in PoO will reduce negative impact to a minor issue for 2020. With a compromise between the parties on 6th April OPEC+ meeting I see a good chance that PoO goes to the range 35 to 40 bucks.

Hey Rookie,
my target is the break away gap .60 to 0.80 which should get closed :-)

Yes, kevin,
I guess that would be very supportive for PMO SP.

Overall I see pretty low volume today compared to the last days. So no big buying pressure, but also not big selling pressure.

I ampretty sure that we won´t see the old SP heights - not with PMO and not with other companies since there was a lot unhealthy overvaluation in the markets.
But especially with PMO I do expect that the massive break away gap from 8th / 9th of March might be closed with medium to high probability. And that would mean SP rise into the range .50 to .80 .....

I just wonder how / why the SP is doing quite well in these times.
I mean during the last days since the big drop the SP maintained a stable level - even oil price was deep red.
So my question to the knowledeable posters here:
Could it be that the hedge fund is maintaining this by clever trading of shares and its short position? Or does it have its source of many recent changes in the holdings from JPM, GoldmS, MorgS?
Could anybody enlighten me on this with his thoughts?
Thanks.

Hey Chartmanreborn,
as long as we did not reached the virus peak in the US this is clearly a dead cat bounce also imho.

Thank you SK baby, for your well funded answer! As expected.....

Is there any source known from where we can get the status of the court case?

Sorry, but nothing is up. Oil price again red, futures as well.

Hi boom.boom,
certainly the POO has an impact for 88E even they do not intend to produce by themselfes but the value of the deposit based on the value per barrel in the ground is directly linked to the POO imho.

And you should add possible negotiation to postpone depth repayment.

stockdale,
but DW stated in London that negative development would be announced to the market without delay.

Judgement today or postponement due to virus.

is blue right now :-)

Yes, today two RNS out.

I meant Goldman S, not Morgan S

Do I read it correctly that JPM and Morgan S increase their holdings in PMO!?