Member Info for laidback

Pmo is highly leveraged so has a high 'beta' meaning it moves much more than the market, which is shite when markets are jittery

Interestingly pmo was at these levels back in August

Pmo still do very well

So we're having a market correction

World still needs oil

Brent up at 76.68

Crazy sp .... just sit it out imo .... sanity will be restored in time

Brent $76.56 now

Might end $80 by end of week

It's a very volatile market atm

Brent $75.77

Brentwood 75.77

The drop hurts but it will bounce back as sanity settles in

Pmo business plan based on long term oil price of $65

Good point's
This is way oversold
Anything over $70 is good for Pmo.
Remember oil price too high reduces global demand in longer run.
An average of $70 is the sweet spot for longer term imo

This hopefully will start closing gap in profitability

But all increased production this 2nd half is Catcher oil, not gas !!

Bounce today ..... I think so but wtfdik 😂

76.72 and rising

still historically high
Anything above $70 is still very good for pmo

Sp tanking ??!

oil is >$75, PMO is laughing all the way

Patience here

Poo will rise again soon

TLW
Debt 3.1bn
Mv 3.44bn
Total 6.5bn
Production 86 - 86k bopd

PMO
Debt 2.6bn
Mv 1.14bn
Total 3.7bn
Production 80 - 85k boepd

DO THE MATHS !!

oil price still much higher than pmo budget

so debt reduction should be above budget

pmo use $65 barrel for their plans

Actually Saudis have the upper hand here
Just a hint of them saying they will cut back will send prices shooting up .....
Any tension between USA and Saudi Arabia will push up prices .... so look forward to a blue day for Brent tomorrow imo

Trump warning to Saudi
This will push up oil prices

Should be ahead of schedule with oil on the 80s

Pmo budgeting is done at $65 !