Member Info for Malafuster

That’s the Uncrossing Trade (UT) - NOT a new buy! In other words, the closing price.

Hello, DBNO. I see you’ve dusted off your standard warning.
Are you long or short PMO?

Olivia now over $25 and rising

Or was it an April Fool’s joke?

Aren’t you on the futures contract price, not spot price (which is over $24 but nowhere near $26). Foolish boy, not for the first time. Think before you type!

Presumably because people think the economic situation will have recovered a little by June; and/or that either Saudi or Russia will have blinked?

That’s the futures contract for June, isn’t it? Not today’s spot price.

I think you mean 20p, not £20. Sadly

Brent currently over $27

All a modest - repeat modest - revival in poo needs is a decision by Saudi and Russia to end their policy of Mutually Assured Destruction. Revival of the chinese economy would help too.

Wild, wild swings in sp this morning.

Not any longer!

We too could do with one, like PMO!

Surely you are aware that the Norwegian sovereign wealth fund doesn’t do fossil fuels any more ? (Salves the Lutheran conscience: Norway will continue to enjoy enormous revenues from oil).

Why on earth would you want to sell?.

Given the volume of shorts, closing them would surely produce a greater spike in sp? We’re not back yet to where we opened yesterday.

I am sitting on a nice profit from yesterday’s buy - but I remain vastly down on my overall holding.

Saudi and Russia seem to be engaging in what during the Cold War was termed Mutually Assured Destruction! Surely it can’t last, being so destructive to the finances of both? But neither wants to blink first.

Very reassuring RNS, imo. Should boost the ludicrously low sp

Market cap of pmo is now £111 million. Enq is £161 million.

This situation is just too absurd to take seriously. Shall I wake tomorrow to find it’s all been a nightmare? Or is there still worse to come? Fridays are often awful.

I have been catching the falling knife. Bought about 50000 at around 30 p earlier this week, thinking I had surely caught the bottom. Then another 63000 a little while ago at 15.19 p, which I hope will prove a good investment. There’s a lit of hysterical overreaction.

And I wonder if Prince MBS really wants to make mortal enemies of both the Americans AND Putin too.

If ARCM finish off PMO, what will that do for their PMO bonds? Does it actually make sense?