Member Info for grippa

This author and the telegraph have a history of publishing articles on behalf of ARCM about Premier oil to the point where Premier have previously had to issue statements saying they are untrue and no factual in the past. ARCM have lost the court case and if you read this article from lady Wolffe the Judge from the court she is dismissive of ARCM's arguments. https://www.bailii.org/scot/cases/ScotCS/2020/2020_CSOH_39.html
its is pretty clear to me this is just another case of ARCM trying to prevent the deal as it dose not work out best for them for PMO to succeed in buying BP assets, they have now lost the court case would think they will lose the appeal and are now getting desperate using underhand tactics.

Well your entitled to thought on price of oil as is anyone, but you want price to go down to buy back in! I am 100% for purchases and so will anyone who has the funds to take part in rights issue. It will reduce debt quicker, kick back debt repayments, diversify portfolio, I work offshore and have been asking guys who have been on the assets what there like and there in good condition. Will wait for court case to decide our fate first though.....

Well Emerald if you did a little research you would know the operating costs of new assets are $20 per barrel so buying these assets will only lower break even costs. Brent is only where it is short term and anyone with knowledge expects Brent upwards of 30 prob 40-45 second half of the year

Emerald carrots........ You sold out though and have been trying to talk the price down ever since selling. If people can afford to take part in the rights issue then it will add a lot of strength to the finances of premier as well as delaying may 2021 debt repayment by 2 years its a no brainer!!

I am a trader who was active on that day, and I got hit by it (I was long the QM May cash-settled contract). I can assure you that there was LOTS of manipulation going on.

I’ll give you one example… Once the contract went negative, Interactive Brokers traders were trapped because their trading platform wasn’t supporting negative prices (I got a “price doesn’t conform” error with and negative price). Essentially, we were therefore all trapped. Knowing this… all the major players had to do was move the marker deeper into negative on super-low volume and all of the people who were “stuck” for the open interest, i.e. Me and by broker IB would be on the hook. I could easily have covered at -$2-3, and I would have. But, I couldn’t be cause IB didn’t support negative prices, and presumably neither could many other a trader.

I m expecting a second wave of rises once the American markets open 2pm ish don't know if we will get the full effect of it our markets closing 2.5 hours later but if not should benefit from it tomorrow morning

Megan the next few days nobody knows but the next 4-8 weeks I m pretty certain you will see a good rise for the reasons already mentioned. Premier has very good management just not had much luck with the timing of Covid and purchase of extra assets

FLYING FLYING FLYING........... :)

What will change for June contract we hope is more oil gets used as countries come out of lockdown

Oil is not trading negative - the futures contracts that are prices for oil to be delivered at a set time in future are trading negative.

This is because refineries don't need it and so there is very little demand, and also because places to store it are running out.

Remember - the instrument and the underlying asset are two different things. The asset is tangible, and the instrument attached (stock price/futures contract etc) are prices made up by buyers and sellers.

Distressed sellers push prices out of line of the intrinsic value of the asset. Volatility is opportunity for traders (though I don't intend to trade it as I trade stocks only).

Even the Financial Times is reporting that oil is trading negative.. well, it makes good clickbait.

Good luck Tyler Takes balls to make big profits!!

https://www.energyvoice.com/coronavirus/235420/resilience-package-in-the-works-for-north-sea-sector-to-alleviate-covid-19-woes-oguk-boss-says/?fbclid=IwAR0YqiJg9IvXUhtl8nosxXHVnNEwup7lKqVWhmXetYG_4Vbn2jcE-I-2gPA

http://www.livecharts.co.uk/MarketCharts/brent.php

this is what I m using above. I believe the bellow is the futures
https://uk.investing.com/commodities/brent-oil

Were not looking at WTI premier's oil sales are all BRENT. The current live price is $27.276

Were not looking at WTI premiers oil sakes are all BRENT the current live price is $27.276

The Judge is deciding if Premier has acted fairly in regard to its debt holders, its got nothing to do wether the deals a good one or not I believe JS

More LIES copy and paste any of my posts where I said that?? Anycase I thought you were on deaths door like SaurKraut......

Geordie they can sway the price a bit when theres few shares being bought/sold, but not now and to be mostly there just irritating spouters!!!!

These de-rampers are just irritating but let them blow hot air the proof will be in the price next week and looking very positive right now!!

LOL I m anything but.....