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Major adjusment of sentiment coming if oil goes over $100, this is seriously undervalued, 17p PMO OLD money
Could rise to 600 p + very quickly if with Touloment delay, $100 oil + would mean all debt could be paid off within less than 1 year
I remember when PMO was trading frequently between 30p-70p range (50%+) within a few weeks, with highs sometimes above 100's briefly
This share has barely moved with a range between 10-20%, terrible share, and thats with oil price above $82 now
PMO would be trading at 100p + at this oil price, harbour energy is equivalent circa 18p............how is that even possible when this company has less debt and producing double the amount of barrels a day
Next week 30p, lol, delusional
Even if RKH even are successful and do win the court case, it will be a few years at least before any formal payments reach RKH, that's how these things work. Italian government will drag it out until as long as possible..........They aren't going to just hand over 100 million cash to RKH straight away................when RKH hadn't even done any physical developments of that field.......Crazy if you think they will
-Zero chance of Sealion field now being development in the next few years (Due to Cop26) and UK Development Fund ....will no way give a massive 800-1 billion of loan funding to RKH..............Only chance will be if a Oil major takes over RKH and that's extremely low chance now.......................They would have done that when oil prices were rock bottom and could have taken RKH out very cheaply
Fundraiser after Fundraiser coming here and dilution just to keep Sams wages ticking over...........maybe RKH might take over some UK assets like UKOG and start producing 100 barrels a day..........if you're lucky .......just enough to cover Sams wages without going into even more debt
Just over the past week, so much talk about how bankers shouldn't fund fossil fuel projects........No way UK government development loan fund......... will come out in the next few months/year saying they will fund Sealion after Cop26......It would make the UK government look extremely idiotic
SeaLion is never going to get developed unless an Oil Major takes over Rockhopper in the next year or two
In the short term and probably the long term ------------
Yes oil price high but the green lobby has grown significantly more powerful over the last few years
Which oil major is going to get allowed to risk ruining the Falkland Island ecosystem (With a major oil spill).....let alone the extremely complicated logistics of shipping that oil........it extremely far from the USA + Western Europe and also China
Yes we need more oil..........But oil majors will look to drilling to new wells in existing fields ..........
If Italian government go for the long road with paying out any award (rather or very likely knowing RKH luck), what is RKH going to do in the meantime over the next 2-3 years - If sealion doesn't get sanctioned?
I know RKH had some oil being produced from the meditterean/Egypt a few years ago, is this still the case?
Isn't that going to be a thingy magig coming up in the next few weeks - along with the entire collapse of the world collapse
Just a warning - Wouldn't want to be in any shares whilst it happens - Gold is a better option
Even if a default of US debt doesn't happen, stock marks are not going to look pretty during the next few weeks
Looool, oil stocks are the most unloved, undervalued stocks ever.