Member Info for laidback

$67.59 😀

$67.29

members.... what's up ? U don't like seeing the oil price going up ?

Update tomorrow ...I expect so to be back over £1

Still recovering

$66.78

$70 coming soon ... the worm has turned

Brent $66.61

Brent $66.47

$65-$75 poo is great for Pmo !! Exceeds the business plan !

Anything over $50 still repays debt

Brent $66.30 .... could this be the first rise in 12 days ?

The point is that gas prices have been rising rather than falling. And Pmo has a good percentage of its production already hedged. So fall in poo does not translate into similar fall in revenue. Production is more important.

Can anyone tell me what percentage of Pmo sales is Gas

Gas is going through the roof !

Gas limits the downside !

Shale oil is a temporary fuel debted boom ... can't carry on racking up losses ... the boom will bust eventually

Most of Pmo sales are hedged. ... they have aleady forward hedged some 2019 production at $69

So fall in earnings isn't as dramatic as fall on poo

What goes down must come up !!

Brent goes up, then goes down, then goes up ....

Just a matter of patience for the upswing to happen

Rising strongly

Pmo sells a lot of gas !!

Update on 15th

https://www.cnbc.com/2018/11/09/goldman-sachs-there-will-be-an-oil-shortage-in-the-2020s.html?recirc=taboolainternal