Member Info for Krakenoil

I wonder if ARCM took the opportunity this morning? Profit is profit!

How has TD kept his job for so long ? This is utter madness

Probably end up in the green later !

ARCM must be popping the Champagne this morning. What a result they've had.

This has left the market is complete panic and uncertainty on purpose!
Why ?
Is the equity swop at yesterday’s closing price or on the day when actually announced?
This is a joke surely

At what price

Oh well..... TD has driven the ship straight into the mud. Ferret you have been correct about this wa. Nker all along.
This is probably the worst refinancing deal, strategy I’ve ever seen.

This Guy has shafted every shareholder PMO has apart from ARCM, who he seems to have handed over everyone’s money.

Does TD work for the creditors ?

Who’s bum is going ? Anyone a bit nervous?

I wish Enquest would turn Solum Voe into a Hydrogen plant, would transform the company

Crude: -1.632M
Cushing: -0.607M
Gasoline: -3.322M
Distillates: 0.152M

This Board is ruined, compromised by f ... ckin kids.................. Ferret where you gone at least you post something worth reading

Oil stocks have been terrible for the past 6 years. No

So we are now down 20% from the beginning of June But Brent has climbed up 10% from the same period along with inventories dropping.
WTF !

In March 2016 PMO were in much more debt with a much higher BE cost per barrel without the assets we currently now have, our SP was sitting between 40p - 45 with Brent hovering in the mid $30's , Brent is now mid 40's and we are sitting in the low 30's and in a much better position with a much lower BE per barrel.
The whole oil sector is unloved by the green brigade but that wont keep away the ones that are here to make money that's for certain.
We cant live without oil and we don't have enough ready to replace the worlds declining fields as the oil price has tied everyone's hands behind their backs for the past 6 years.
Its going to bite hard over the next few years and we will get $100 plus again. Sit and wait

It was the gasoline build the market didn’t like, The oil market is still in bear territory and has been for the past 6 years, so any little thing seems to punish the price. Can’t go on like that for too much longer as we are still reliant on oil and cannot do without it. Next year is the end of that 7 year cycle

Woodstock Agree with that apart from the last part, Our liquidity wont be much affected by the asset purchase as it will be mostly funded by the pending RI.
The new acquisition will reduce our debt ratio and will in turn help towards paying the debt down faster.
Brent back to $65 makes PMO very profitable. Wont be to far away in my view

Your waisted on here mate, you should be heading up the trading team at Morgan Stanley !! ha ha ha

Come on then sausage give me the fundamentals on the company's accounts, projections, asset value and why you see PMO back at 20p