Member Info for kenniGT

What I think, after BP and refinancing PMO will be takeover target. CEO will be willing to sell and share acquire might start. I agree, SP might jump one day.

Those who setup share price have laugh as hell, forcing private investors crying to sell at low prices. When MM get some news from PMO, they will stop laughing, get a bit serious and get back to valuing PMO as they should.

yep hasiba, doom and gloom is the time to buy, good news is the time to sell

He is not reading this, try here https://twitter.com/PremierOilplc

You just made a poo and said 'Best' . You not doing this in real life, correct?

methinks

SK get a life.

There is no such thing as ideal world.

s

Exactly Mnazir90, it does not get rainier than today.

Oil companies must invest in kbpd. Without this they disappear after couple year.

You were against it before crisis as well.
Fair enough this is not the best time, especially for us shareholders, today, but long term it makes sense. IMO

Those rust bucket asset will still generate 1.75bln $ in 5 years.

SK, additional kbpd means reducing dept faster. Simples.

So SK, please tell me, how to find low cost 20kpbd just like that, producing now, and for the next 5 years, possibly longer.

SK 4bln tax credit in UK to take, BP's 20kbpd will allow to use it much faster.
Simple calc:
20 000 bpd x 50$ (average for 2021) x 365 days x 90% up time = 328 500 000 per year ,tax free just from new BP assets.

Pre virus BP was considered worth 600mln+ Zama couple hundreds as well, today PMO valued 190mln, bit of joke.

https://viaro.co.uk/offer/

What does that mean for us? Anyone lining up for PMO?!

True, but most of the shares are not in private shareholder hands.

Creditors did.

Patience, this is big company producing soon 100k bpd it will bounce back. PMO said they have to agree all terms of with creditors before they will be able to do RI. This takes time.