Member Info for Goodmann

Evening all,

The this not financial advice. I’m not a financial advisor. I am not asking anyone to invest in PMO unless they want to because they believe in the stock.

I have been on Reddit/wallstreetbets this weekend. It’s interesting to see what has motivated the investors on the platform to purchase game stock.

The reason for their purchasing GameStop wasn’t based on how much the stock worth but rather about principal of teaching the Hedge Fund and Institutional Investors a lesson. IMO the Hedge Funds have abused us on multiple occasions and it time for payback. This not about PMO stock price, the value of the stock can rise to £1+ and still we should hold.

Our purchase and hold of stock should act as mechanism to lock out shorts who borrowed the stock with intention influence the market by sell the stock. Every time we panic sell we are doing exactly what the shorts (Hedge Fund and Institutional Investors) want. We need to take a stand, this is the key this how WallStreetbets successfully took control from the shorts.

Also they keep on reminding each other to hold and that’s a powerful tool as it gives everyone encouragement that they are in this together and are all working towards a greatest goal.

Please share the message, that the PMO common man and women are taking back control. Anyone who hates shorts can join in. WE CAN DO THIS. ??????????

Has anyone managed to set up a feed for #pumppmo

What a joke. Where is FCA when 21% of the shares are loaned out to shorts! and Pi’s are loosing out due market manipulation. A catchy hashtag is a must any suggestions welcome. Just buy and hold, this could seriously take off and also the spread word enough is enough (no more shorts).

I wish we could team up together and teach the professional traders a lesson for shorting PMO. We should get together to purchasing and hold the share beyond 30p+ so that they cannot get back in lower. This could seriously happen if we spread the word on all the platforms we use. Let’s take back control!

Hi All,
I am not sure if anyone has already share this article, it’s positive for North Sea oil. Most likely Brent will continue to rise further after lockdown begins to ease.
https://www.google.co.uk/amp/s/oilprice.com/Energy/Crude-Oil/Asian-Buyers-Rush-To-Secure-North-Sea-Oil-After-Saudi-Surprise-Cut.amp.html

The combine group will benefit from $4+bn of tax credit and will produce 200000bpd @ $15pb. For that reason alone I imagine the new company value should be more than £4bn just based on tax benefits alone.

The debt would be based on the average oil/gas price over the period 2020-2024. $55 end of this and $65 from mid 2021. Most of the debt payment would be based on $65+ price.

By Josh Owens - Sep 01, 2020, 2:00 PM CDT
Oil jumped spiked on Tuesday morning on the back of positive manufacturing news and a weakening of the dollar.

Goldman: Oil prices to jump to $65. Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman Sachs analysts. “There is a growing likelihood that vaccines will become widely available starting next spring, helping support global growth and oil demand, especially jet,” the Goldman analysts said.

Antigua,
Agreed, All the financial issues should have been resolved before 20th August. And then they could have released the RI.

FS,
Thanks for the Advice, I think it’s a bit too late for that now.

Yes TD holds a lot of responsibility for additional shares issues (the creditors have a big saying in this also).

The point is that the lower the current SP, the more number of share would have to issue to raise the capital, the higher the SP to less dilution. By investing we cannot stop the dilution but we can certainly reduce the dilution.

A lot of us have already fallen over the cliff a few weeks ago, We are trying to climb back up.

The debate is that the PMO has the potential of 100k bpd if given the chance. The only way to climb back up the cliff is to have confidence.

The Shorter also lose out at time like this. This is the reason we are on chat forums, to form a strategy, and to help fellow investors. Any talks down the company if not helping anyone, Anyone blaming TD are just as guilty for the share dropping further.

PMO has a lot of potentials, if given a chance, The more people invest, and then even the shorter would have to buy in at a higher price and no one wanted to miss out.

The SP drop was a mainly private shareholder (40% drop WOW) as no institutional sold at the time.
If we show confidence in the share then the investor will be reassured. Look a Tesla(The totally different company I know). Tesla SP increased because people bought and held on the share. By shorting the share we all lose money.

I can understand everyone is frustrated due to the SP falling. We are in control of the SP rising or falling, If we all buy and hold then it's simply not possible for the SP to fall. By increasing the SP ensures less diluting of the share. Its creditors want more shares to be issued (This is one of the conditions).

The best way to help PMO is ourself:-
If you have shares - Hold and buy more a lower price (if you can)
If you don't have shares - Buy so shares
Don't panic sell.

This will push the SP up and we all benefit everyone. The SP will improve by blaming anyone. Higher SP means less number of new shares will be issued.

That sounds correct. Hopefully they can sort all this out ASAP and then we can see the SP price rise again.
Recommendations 27-Aug-20
https://markets.ft.com/data/equities/tearsheet/forecasts?s=PMO:LSE

There was a major surge in purchasing in 2016. I can see that happening again, it’s only a matter of time. Then we can goodbye to 22p SP

IMO the current SP is not in touch with reality. The SP was 114p in January and the current price very low considering all the facts.

We do not know of any significant institutional selling; we know of some who have added to their position. Several new investors have also indicated their intention to buy in the market.

I have spoken to someone from PMO, don’t be surprised if price of new shares is almost the same current SP or at a premium (depending on the demand).

Morning all,

I have used the crude oil price, the debt and the oil production to estimate the SP. Hope this helps you.

(31 December 2019: Debt US$1.99 billion) Crude price $62 SP 97.34p

(31 June 2020: Debt US$1.96billion)
Crude price $39.7(@61%value) SP 51.8

June 2020 oil price is 39% lower than December 2019
SP based on oil price alone should @ 59.34p
* This is without taking into account the $400m lower debt over from Dec.

(Current : Debt US$1.96billion)
Crude price $43 (@70% of Dec 2019 level)
Current SP is 21.86p (SP@70% of Dec 2019 should be 68.13p)
* This is without taking into account the $400m lower debt over from Dec.

With purchase of BP the debt up again to (US$1.99Billion) with 19 kboepd (net) of tax-advantaged production. 10 kboepd from September (an increase of 15% oil production)

Production Increase of 15%, SP to reflect the current production from 68.13p (based on current oil price). 68.13p + 15% = 78.37p

Current SP should approx 78.37p IMO

With production to increase to 100 kboepd next year and further debt reduction, SP can go about 150p+

I cannot prediction how many additional shares will be released but the current SP valuation seems very low.