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S&P 500 turning blue

DOW turning blue

FTSE now starting to climb

German DAX nearly turning blue

So now we have " Melon Musk " as the latest person to pass comment on the board of a company which he has nothing to do with.

So let's look at one that he clearly invested in - CPX, an medical supply company.

Well, this stunner was 13.25 in Dec 2020 and 1.7p in Dec 2023 and is now 0.12p....

And there's hope for a takeover for CPX, though no doubt ' Melon Musk ' has no idea that MATD are in talks with 3 JV partners and with PC with a possible view to sell Heron....Dimwit people.

MelonMusk ; you are missing something - but if you are too dumb to research properly, then people shouldn't waste time trying to give you more insight....

Adw must have really low IQ by the sounds of it - he has no idea seemingly in the difference between well testing and well development. The difference in costs is night and day.

He's also got no idea of equipment costs in the oil industry, yet claims to be an expert on the current finances of the company. What a narcissistic dunce.

Proquo ; I still think that the most likely scenario is that PC will make an offer for Heron. In which case any ( relatively fairly minor ) dips right now are pretty academic.

They may well be working on the sand screen fix right now - the weather out there is fine.

As regards Trump - he seems to think that strong arm authoritarians should carve the world up into three areas. Narcissists make atrocious leaders usually.

Proquo ; it was a fall in the oil price which finally bankrupted the USSR, as it could no longer afford to keep competing in the arms race with the US.

Proquo ; as per the Buffet maxim ; “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.”

Rolls Royce has been the best performing mid to large cap in the whole of Europe in the last few years. That's down from a late March peak of £8 to £6.16 today....

Interesting article on oil ;

https://oilprice.com/Energy/Energy-General/Trade-War-Just-Crashed-Crude-Demand-Might-Be-Next.html

Manx - of course. All oilers throughout the world have been hit. Shell down from £28 last Tuesday to £23 today. BP down from £4.33 last Tuesday to £3.43 today. And Rockhopper on AIM down from from 50.8p last Tuesday to 36p today.

You will find that every single O&G company on AIM has been hit in the last week - so the MATD's dip is relatively minor, and the current volumes are tiny anyway.

Rockhopper's share price had been going great guns for weeks prior to the Tango Twit kicking all this off.

Also, you get investors getting margin calls, and then being forced to sell up other holdings which they might have. That's what happens when you get a broad sell off. This is the biggest widespread market sell off since covid started.

Harvey ; it's the oil price which is relevant - Brent took a big hit last week, hence MATD's dip over the last few days.

Actually, it's nothing compared to say Rockhopper, which has come down from 50p as of last Wednesday to 36p today.

With MATD, because the share price was only in the 1ps in the first place, the % daily drops seem disproportionally high, when in actual fact the dip since the world financial turmoil started has been pretty minor.

I would have been more worried had all this started in November with the long shut down over winter to come and no news for many months.

Professional, ' ( before he disappeared straight after a raise ! ) 'Adw ' and ' Doc' spend every minute of every day, every evening and their entire weekends talking about nothing but a raise - I wonder why ??

They ( and maybe some others ) are either ;

- paid per post by some kind of boiler room, with a bonus if the share price falls by x amount. Obviously a raise then potentially gives them a large bonus.

- they are a syndicate of shorters working in league, but who may also aim to take a large long position in the event of a raise. Hence the raise obsession, to the point of insanity ( in the case of Doc and Adw )

- they are a syndicate looking solely to buy on a raise.

- they are shorters trading their own individual accounts ( CFDs etc ) but who may also be looking to buy in on a raise.

- they are working on their own, and looking solely to buy on a raise using their own accounts.

' Professional, ' ( before he disappeared straight after a raise ! ) 'Adw ' and ' Doc' spend every minute day, every evening and their entire weekends talking about nothing but a raise - I wonder why ??

And of course the very high likelihood that Heron will bought out by PC - which would make it all academic anyway - it totally ignored. As is the up front payment that a JV partner would make.

Re the cashflow ; is there a collective amnesia regarding the 1m or so loan facility which the parent company ( Petrovis ) has provided for its subsidiary company ( MATD )

A case of convenient amnesia I would suggest - or maybe a case of a plain lack of intelligence....

Those who go on obsessively 7 days a week on here about a raise are simply giving away the real reason why they are on here in the first place.

Rockhopper down 11.33 % today I notice, on top of about 12% yesterday....

"At its core, this decision reflects OPEC+’s ongoing balancing act, according to Rystad Energy. “The group is willing to put more barrels into the market, but only on its own terms. If demand weakens further or external supply grows too quickly, OPEC+ retains the flexibility to slow or reverse production hikes.”

The firm adds: “OPEC+ is still in control, and it will not allow prolonged price drops without taking action.”

China has announced it is imposing 34% reciprocal tariffs on US goods.

Well done Trump the lunatic narcissist.

My concern is a slump in the world economy, and how that may impact the price of oil.

DazzerG ; " If PM were a FTSE 100 / 250 company, Buck would have been booted out / stood down - by the major investors a number of years ago."

I wonder how many FTSE 100/250 companies operate in Mongolia, and have had to deal with the sclerotic and - in the past -obstructive Mongolian bureaucracy ? By my count NONE.