Member Info for Maverick7

There is a lot of Bullsh@t being posted on this board particularly by sausage kid. He should be ashamed of himself, you can tell he is only writing his posts to get people to sell. PMO will be increasing production, reducing debt and the debt holders will be buying the equity, however, they cant sell for 12 months. With all the increases in production and oil price the PMO shares should be much higher in 12 months when they will no doubt make a health profit.
Let the market have its fun for now.

I’ll take the 2-3% increases every day, news coming?

Current risks out there:
1. 2nd wave during Autumn/ Winter as schools reopen
2. American market feels high, could see a re rate and ftse will follow
3. USA election could result in jittery markets
4. Ongoing USA-China tensions

Just some risks to consider, markets may be volatile and provide some trading opportunities, best to keep some cash to take advantage

lol, no surprise there will be lower demand, but there will be way lower production and well depletion and aged fieldd will not be replaced short to medium term and thus poo will be higher

i wouldn't say i was confident of seeing 215-225p, just a feeling that it would fall post dividend back around those levels, i think we saw 227p for anyone that was able to pick it up.
Its a good stock and no doubt will do well unless the whole market tanks.
I have used the funds to invest elsewhere for now but will keep tabs here

Spot on Crystal, I have already made more than what the dividend is likely to pay out and I’m gambling/ thinking/ hoping that the share price goes back to the 215-225p range
Just my strategy for this share and will buy back at some point

and code 1

"not likely to drop back now" - lets see tomorrow when LGEN goes ex div.

Market Makers know whats coming, i recall the share price dropping from 30p to around 22p when the BKR assets were acquired. Just need to be patient.

Yes all financing sorted out, new shares for BP assets to be issued at 80p, no news yet so that mates can get in sub 40p , lol

DBNO - he's gone to Butlins with his WTI winnings

Trading update coming up towards end of next week, API & EIA hopefully produce strong draws, oil price pushing forward, hopefully Mr Tony can give some transparency in the next few weeks.
This share should be around 70p

just sold at 238p, currently made twice as much as the dividend payment would have been

it will be interesting to see how the share price reacts when it goes ex div. Up or down?

Everyone's on holiday, usual summer quiet period, cant see anything being new being announced pre half year update.

From the presentation it states
“ Potential for transformational transaction in future - possibly via RTO”
Anyone know what they mean - Reverse take over by whom

"Given our small indirect interests in the blocks" - i think that is part of the problem with a possible lack of interest.
It will be interesting to see the share price action in the event of a oil find. Also liquidity is an issue as well.

Croc
It’s been range bound between 210-226p of late, with a high of 250p. Not expecting it to go that high, but it’s usual for the share price to come down after dividend payment. Just think it’s trading between those levels at the moment. I don’t intend to hold for the dividend

There are companies that can make oil fields that are marginal profit for the super majors to a greater profit. You only need to look at SQZs acquisition of the BP et al BKR assets. Driven the cost down to $12

Ex dividend next week so I would expect a rising share price and then back down to around 215p