Member Info for HermanusInclusus

Panic sells on oil going down

Bargain sp, bonds paid off, share buybacks and dividend announcement soon.

Exactly

What are u on?

Can't see that so far

So ..blue, as I predicted in the morning.

Looks like some PI's don't share your catastrophic opinion re PTAL and after a few red days we can see blue colour turning up. Shame you've sold out and try deramp with no effect.

As I said- each to their own m8. I'll stick with PTAL cause oil and oil production is there and there is no way it can't be sold and just left in the ground. Everyone needs $$$ , £££ or €€€. That's history of the world. I wish you the best but from my own experience " jumping from flower to flower" has "short legs" which means that eventually leads to a financial disaster.

Everyone can have his own conclusions, mine are different than yours apparently, especially re near future ( max 1 year). You've already sold your holding in PTAL so obviously I'm sure you wouldn't be happy if my my conclusions were correct, would you. Each to their own. Have a nice day.

Worth a read ( 1 week old):
https://www.petroperu.com.pe/english/petroperu-participates-in-a-national-forum-that-promotes-the-reactivation-of-the-oil-industry-in-the-jungle

Looking at trades during last couple of days and sp reaction (or rather no reaction) I would conclude that share buyback has already started unless there is a serious investor with very deep pockets

"Be Greedy When Others Are Fearful" I would say...

IR Response (to why low recent production)-courtesy of 'beyond black' (advfn)

We had some unexpected maintenance on tugboats which created a longer turn around time for the barges to arrive at our camp. This will be alleviated soon, and we expect higher production during the last week of February and March as our guidance has stated.

Looks like. Now that explains why both yesterday and today despite so many sells nearly didn't drop .

There must be something going on in the background. So many sells and sp unchanged...hmm, interesting.

Very nice:
https://oilprice.com/Energy/Energy-General/Oil-Prices-Set-For-A-Significant-Weekly-Gain-As-Russia-Announces-Production-Cut.html

Oil up again and we have "our" $84/barrel.

Oil going back up again. Good sign after recent drops

...besides if the owner of new shares sells them too early wont get the expected divi payments which doesn't make your conclusion as obvious as you may think.

Darkangelv2 Don't forget that according to RNS fro 16th January they'll start the shares buybacks program shortly which will easily absorb all new shares from outstanding warrants.