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Isnt it about time the LSE made a statement about this short?
Emma Kane, a representative for a group of lenders that supports Premier Oil’s plans said that “the reaction from stakeholders across debt and equity has overwhelmingly endorsed the company’s plan.”
“The sole voice of opposition is from ARCM - a hedge fund with the largest short position in Europe, one that they failed to make appropriate disclosures on until very recently,” Kane said.
ARCM’s spokeswoman declined to comment on the timing of the short position disclosure. The fund started building its short interest in Premier Oil in 2017, according to regulatory disclosures.
“As the regulatory authority responsible for monitoring short selling notifications we are aware of the matter and in line with policy, we do not comment on operational matters,” a spokeswoman for the FCA wrote in an email responding to Bloomberg’s questions over ARCM short position.
Court Backs PMO
http://staticcontents.investis.com/media/p/premier-oil/premier-oil-plc.mp4
Upping their stake
What seems to be overlooked with PMO is that they produce and sell an awful lot of gas.
https://twitter.com/PremierOilplc/status/1248162596655521792?s=20
BP Agreement
https://twitter.com/PremierOilplc/status/1248162596655521792?s=20
How will COVID 19 impact on the oil industry...refineries etc
Same question as a day or two ago.
Same 2,898,847 lent out.
Who Too?
Clarification please?
As I understand it MS have loaned 2.898.847 shares to somebody.
Who?????
Update clip of RNS
The Charlie-1 well reached its Total Depth of 11,112' (TVD) on 30th March 2020 at 0659 (AEST), having drilled through and logged all of the targets in the well, including the HRZ. Results from the Logging While Drilling program are largely consistent with those seen in the nearby Malguk-1 well, drilled by BP in 1991, with shows and elevated log response recorded over several horizons. The significance of the similarities, and differences, to Malguk-1 will not be known until after the more detailed wireline logging program has been executed and analysis completed. Wireline logging has commenced and is expected to take approximately 7 days, including initial analysis.
Even with heavy selling to garner a profit.
Share Price: 1.075Bid: 1.05Ask: 1.10Change: 0.125 (13.16%)
Keeps Going Up.
PMO invested.
Share Price: 1.075Bid: 1.05Ask: 1.10Change: 0.125 (13.16%)