Member Info for JEF_NIC

I think personally arcm doesnt want pmo to go bust as they would want pmo in a position to pay its debt. The short is indeed a hedge if TD continues to be stubborn and insists on the acquisition. Today, arcm reiterated its position for pmo to relinquish its acquisition plans and instead focus on improving the balance sheet. To me arcm is using the short position as a bargaining chip. In my opinion if TD agrees to give up his ambitious plans we'll start seeing arcm closing their position. Think about it, if they close their position in near term after agreement they'll cash in profit and strengthens pmo sp to help pmo back on its feet to meet its long term debt obligations. It's a win win for arcm. But what do I know.... wishful thinking?

I punched some numbers on my calculator and if pmo is hedged @ $65 H1 40% and H2 10% (correct me if my figures are wrong) then in worst case scenario pmo will generate 1 billion dollars from both hedged and unhedged sales ( I used $30/b ). Therefore they can pay interest on the debt but most likely no payments towards debt for 2020 and continue to be operational. To get this to bounce we need a: cessation of bp acquisition b:rapid disposal of non-core assets. Oil companies have to go on survival mode due to risk of defaulting. Russia and saudis could well be collaborating to force oil companies out of business to limit long term supply.

I really dont see him/her harming anyone. It doesnt matter what input people make. This moves on fundamentals and status quo doesnt look promising as the Russian and saudis look locked on a protracted price war which could last months. IMO this will test the 19.8 support from 2016. I do think pmo may bounce again if CEO takes the necessary steps to ease the potential debt burden. We need to see action from management to demonstrate that contingency plan is pre planned and action taken for such a crisis in oil prices.

Theres bearish sentiments across the equity market and its seems to drag down stocks despite a bullish status for the underlying commodity. I hope this is only short-term and once "fear" selling subsides we'll power up for the next leg up.

This is down due to hitting a resistance near 162. I posted on the day of trading statement regarding an inverse head and shoulders. This is now resting on the neckline and breakout on significant volume has potential to send this into 180s in few days. All we can do is now monitor sp and wait for confirmation of a breakout. Gla

Interesting TA interpretation from Lakshmi on Twitter: https://twitter.com/Lakshmi_888/status/1229371394779222026?s=20

I know alot of traders are watching this from sidelines waiting for a confirmation of a reversal before taking a position. I agree fundamentals look bullish and indicate a stable cashflow for years to come. POO has been bearish ever since coronavirus was brought to light. However, POO has been bullish in the last few days and impact of virus is now factored into price. Hopefully we continue with the bullish trend for POO and once techicals confirm that HUR is reaching a bottom and sp gets above daily 9 ema tomorrow I predict this will be back over 20s within 2 days of a finish above 9 daily ema. Gla dyor

Decision delayed until next week...apparently by Thursday we'll know.

Al Stanton, analyst at RBC, called EnQuest’s trading updated “solid”, saying its numbers were “slightly ahead of our expectations”.

I think most markets are indecisive where to move. Some speculate that Coronavirus has now been factored in today's prices. Others say markets showing too many bearish signals . Personally I think there's a bearish outlook going forward.

Numis Date 30 Jan Recomm. BuyPrice 3.20 Old Target 4.00 New Target-NotesReiterates.... on the 30th there was a reiteration of 4p. That's 2 days ago...

Its imperative that people take posts on this board with a pinch of salt. "I have heard....". I have seen this too many times in my years of investing/trading. There's a long road ahead for GGP. Although it does seem to have a positive outlook but please stop spreading unrealistic targets.

China will pump $174Billions into economy as it has concerns on growth due to coronavirus. Increase in money supply is likely to push up inflation, and hence raise price of gold. I think gold is slowly getting the backbone we need to retain recent gains in price. Onwards and upwards

We appreciate you keeping us up to date. Can you please keep us informed of any follow up action. I find it intriguing that they queried your share holdings info. Please us know if you ever get any money back to your account. Thanks

The director Roy Kelly sold approx £50 millions worth of shares and he seems to be key in the technical work as per his job description on webpage. His sells (july) were after introduction of hydrocarbons on 11th of May. No meaningful director's buy in recent months. Not sure what conclusion one can draw from this but directors would need to demonstrate confidence in the product they are selling us.

This looks very bullish on weekly chart. Bullish divergance on RSI, MACD. Additionally the chart shows head and shoulders pattern and is currently heading to neckline. Imo this has a good chance of reaching 150-160p zone in coming weeks

I don't usually post on this forum but there is a lot of people that walk the extra mile to bring negativity in here. Its either because they are shorting the stock, hoping for a quick profit to promote sell trades or bitter due to a substantial loss.
My advice is to do the opposite of what the 'majority' is suggesting....

https://twitter.com/12_swing/status/1163853252003291136

Is it not a requirement to either deny or confirm media speculation on the matter? Especially with the rise its had

This is only rising because of the rumor. No RNS today and this will likely drift down. US-China trade war, Brexit looming, possibility of recession, retail apocalypse etc ... IMO the next 12-24 months look bearsih!