Member Info for Kilgeever

Do they suggest a time frame?
I ask because it's certainly coincided with a worrying fall.

It strikes me you are being sensible. I particularly like the risk/reward ratio you describe....in such turbulent times this is bordering on wisdom and clarifies my thinking. So, thank you.

I'd like to. Truth on a bb!

Brent already down another 1.2%
And PMO beginning its slide, giving up early gains.
Same old

Actually I'll correct my own figures. Enlarging my charts shows I'm out by a fortnight though march 23rd was lockdown day announcement.
The Jan/ Feb sp figures are out but the trend is accurate enough to support point.
ii and HL seem to differ. Hmmm

Actually pmo fell from 100p on January 2nd, to about 78p a month later ( Feb 1st). By 1st March the sp was about 17p.
So the Virus seriously impacted the share price. However, it had already begun a serious decline, unrelated to national and international moves to combat the virus.
UK lockdown was not announced for yet another 22 days, on March 23rd.
Irrespective of accusations about governmental tardiness, pmo had both started and then anticipated a broader selloff
There was a serious retreat with a remote rumour of a flulike thing in China. We didn't act until three months of the year had disappeared, like pmo's value.
I'm happy to be corrected if my data is slightly out.
Cheers all.

We were considering pmo reaching 60.
Perhaps 30 is more likely.
TD needs to steady the ship. Clearly he cannot influence macro economics but debt levels and future purchases/debt are his remit. I suspect most here ( and those who have moved on) were investors. Now many are PMO traders. Why? Ask TD.

I'm a doomster on this. Will high and increasing unemployment the amount of oil needed and used will reduce. Millions at home, not driving, not going abroad etc....
It won't hurt to remove funds ( mine are modest but important to me) from this casino. Until we can see through the fog.

Morning Cash
I've changed my greeting from Ferret to Cash, obviously!
Fully concur with you. Looking at one month charts for PMO and tlw, lost between 20&30%.
While that's serious, these falls are not indicative of healthy companies, nor, in the wider context, a healthy market economy.
As you say, a trigger could now send oil into a tailspin and then watch the panic.
Cash is the only option.
And if it all turns and I miss the first new rise.....it won't matter.
Sometimes people think it's too late to sell. I don't think they are right this time.

Mal le Fustere
This is not the time for sang froid.

Precisely Ferret.
I genuinely want to buy back at 26p and feel there's a fair chance. The sell off is coming and cash will be more use than shares in PMO

Played like a fiddle. Again.
Leads the retreat and remains firmly behind.
Drop drop drop. Deserves nothing more until it behaves differently.

Takeover because with a global recession being discussed openly ( and let's be honest, the government throwing money at every little scheme, and printing more!!!!) there's no way we are avoiding one. And some must be getting just a little fed up with the company. Nothing is ever straightforward... smoke and mirrors. Vwap,warrants, shorting, arcm, creditors, where's Zama, etc. Oil price, breakeven, Russia v Saudi. More soap opera than business. Bring on the T/O! Or sell the Cat!

1. Wait until it rises again to 53/54
2. Sell.
3. Wait for it to drop again into the 40's
4. Buy again and pocket the difference
5 Wait until it rises again to 53/54
6. Sell
7Etc and nauseam

And your point is?
This is PMO.
The most shorted and manipulated stock in the UK.
Drowning in debt.
Add covid fears.
We've seen it can rise phoenix like but not this week. Not here. Takeover? Fingers crossed.

Truly remarkable. You make a number of assumptions about me, my lifestyle and my moral integrity though we have never met.
You know nothing about my work, my Charity , my level of privilege nor my relationship with those in real need.
Such folly to judge blindly. And quite worrying.

ArcHunter. Excuse my confusion.
Are you suggesting John Hopkins university produces worthless data? If so perhaps 1. You could elaborate. 2. You could collect, collate and disseminate relevant data with projections. And 3. Explain why a highly regarded university should be disregarded while you should be listened to.
This board has some worrying trends.

Kraken. Clearly you are being provocative through boredom or you actually have the virus and wish others to share your experiences.
I find it difficult to believe that anyone can wish people to suffer and in thousands of cases, die miserable deaths.
I assume you have given up hope of an effective vaccine being produced.
Do you have close family? Parents? Children? Siblings? Good friends?
I'm shocked.

Normally we can assume 'no smoke without fire', but this is not normally.
With BP, Shell et Al writing off assets, is there really both the appetite and funds for gobbling up smaller fish? Oil prices are in the doldrums with no certainty of its future direction ( barring a tragic middle East conflagration) and Trump seeking re-election.
I'd love a bid. For PMO. For Rockrose. But there are rumours of RRE bidding.
Can't see it. Consolidation and debt reduction are key. Unless you run PMO!
Hope to be proven wrong. Tomorrow.

An awful deal but the alternative may be terminal.
Certainly think there are bodies being paid who are partly responsible for this position.