Member Info for KingdomofOil

As long as we have ARCM on board there will always be opportunity to buy back at 30’s or even 20’s unless they close their short position immediately. They will keep messing about with PMO

Premier will issue 82.2 million new shares to bail out ARCM plus profit taking is the next challenge for sp. I can’t see poo rising any longer until the next OPEC meeting.

It’s a good deal if poo recover back to $60 plus this year however if poo drops back to $30-$35 sp will drop back to 20’s

are they closing their short position finally or are they getting greedier?

https://www.ft.com/content/9161e62c-5cb1-11ea-b0ab-339c2307bcd4

I wouldn't cut oil production just now and wait until US shale oil companies go bust!

this is getting worse before it gets better sell sell sell so ARCM can finally close their short position!

According to a source in Guangzhou Hospital Chinese Government is hiding the real figures, there are more than 25 million people affected and more than 40 thousand died so far as a result of the Coronavirus

They are hoping for the oil price to hit $50 and PMO share price to go down between 70-80. Once they close their short position they will support the PMO deal!

https://www.cityam.com/premier-oil-creditor-doubles-down-on-opposition-to-acquisition-plan/

Trump will do his best to keep the oil prices down until the election in November 2020 which is not going to help with PMO! Unfortunately recent Coronavirus issue getting worse and will make a negative impact on global economy which will affect oil prices. ARCM board is praying hard for things to get worse for PMO so they can have a slim chance of escaping from the current mess they have put themselves as well as PMO and its shareholders! Lets hope oil price will stay above $60

for ARCM

today is the last chance to buy pmo under £1

the bottom line is even if the poo drops to $70 PMO is still profitable and still will be paying $300m of debts therefore its still cheap to buy. I predict sp close to £1.50 after the business update in November

"EU, Russia and China will set up a Special Purpose Vehicle (SPV) to facilitate payments related to Iran’s exports, including oil"

Turkey use to trade with Iran using gold to get around the sanctions!

Trump is shooting himself on his own leg as use of SPV will weaken the USD

EU, China and Russia about to set up a deal with Iran..

https://uk.reuters.com/article/uk-iran-nuclear/iran-major-powers-labour-to-keep-nuclear-deal-afloat-idUKKCN1M5015

EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran and this will allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world,”

and sp £4-£5

the future is bright!

from now on..

if PMO is £1.10 - £1.20 when POO is at $71 imagine what can happen when the oil is back at $80 and the debt is reduced by USD400m I guess £2 by Xmas!

stop moaning guys, I have sold my apple shares in 2002 for £100K if I have waited it would be worth £20 million now!

Brent will bounce back, positive PMO update plus England in final!