The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Probably estimated/unaudited....
Possibly just folk taking profits, considered it myself this morning. Hopefully a retrace and will follow oil up. Maybe a buying opp morning of the 10th whilst the market digests the update for those that missed the boat. GLA
https://www.rigzone.com/news/proper_oil_price_rebound_may_come_by_1qend-08-jan-2019-157863-article/
Not to mention PMO are motoring along nicely, hopefully this will take a leap to follow the 3:1 sp ratio we’ve had with them for some time now. Holding both so looking forward to things getting back on track.... Maybe they’ll reveal some SL detail on the update due 10th....
Be nice to see this close above 78 and retain on open. Hopefully lots of positives to come from the update on the 10th.....
Goodbye Rudey! Long term holders have every right to moan on this board with regards to company performance, I’m yet to come up with positives, dilution, lack of any real progress, not much vfm from the bod, etc. etc. Please don’t tell me the pay cuts etc. They took them to keep their jobs. Another 12 months and they’ll be back cap in hand...... Prove me wrong!
He may well see his term out as a hero in his own eyes but IMO Trump is playing a very dangerous game and is basically hedging the US economy/banking system against a world of oil producers with lower operating costs. The survivors in conventional are now hardened against the breaking price of shale and though they’ll suffer short term those that survive will reap the benefits of the time that shale goes completely bust in the US (when nobody comes forward to fund it) and oil reaches new highs as shale production dwindles. He’s basically shafting his own people and countries financial stability long term to satisfy his own ego, a very dangerous man on a relatively short term ******* contest....
Dunderhead, I’m not too confident in them communicating a failure of farm in approval, no confidence in the BOD at all now and feel, like many others do that we’ve all been led down the garden path. Happy to be proven wrong though ofcourse.....
Either the BOD are very close to making an announcement or they know they’re screwed and are burying their heads in the sand, either way the clock is ticking...... Not interested in new projects one bit unless the current empty promises are filled.
I love your definition of a clown, someone sat creaming it in whilst holding a superior position, whilst you sit about moaning on a daily basis and let a bad investment consume you. Stop wasting your energy moaning on here and do something positive with it...... On a side line, they’ve sent the LOI extensions, however does it say they’ve been accepted by the recipients? I’m inclined to think they won’t get away with kicking the can down the road that much longer without increasing development costs as we move out of the initial op slump, the new bottom in oil looks like it has roughly been found lately and it’s higher than the last one. Supplying vendors will be looking to increase prices again soon, they can only offer these discounted rates so long before the big boys start awarding contracts, which in turn will bump the prices up significantly..... IMO ofcourse....
“desperatebutnotout” would be more apt....
POO correction through bulk of Q1, no rush for Zama news until oil is steady imo creating a solid platform to launch news from.....
Rpoodle, I struggle to see why this would ever be unfavourable to PMO, if they can’t arrange finance on attractive terms then why not pass a slice of the pie on and get this away and generate some revenue from it after all these years, even with a caveat to buy a percentage back after x amount of years..... It saves face (as in they back their deals) and after all something is better than nothing.... Hopefully we’re on the right track and positive news will come on H1!
Surfit, I’ve read more than once via comments and the likes that BW offshore are keen to provide equipment on lease/finance and are also keen to take a slice of operational licences in exchange for equipment/services. If this is true then I think this may well be our best option for getting this off the ground, never worked first hand on a project where the supplying vendor is footing the finance in return for a slice of the pie but I think it would be a good thing as targets are more likely to be met and the end product would be of better quality than your average build given revenue/payment will be a direct result of reliability and quality of build.... I made a purchase in PMO on open NYE to try and recover my RKH losses, hopefully that will turn out to be a smart move.....
Because he can, and all his chums will be filling their boots in the meantime..... Everywhere you look seem to be predicting 2019 Brent in the 70-75 range. This the last tree shake before a steady rise in POO?
Not unless DEA purchase PMO share once wells are appraised, cash rich and hungry......