Member Info for Maverick7

Oxygen on the PMO board stated "Good to see they have dropped the 25% interest in Tolmount, originally costed at $191m......Dana won’t be happy though !"

note dollars and not sterling

PMO were originally looking for the acquisition to be back dated to the 1st Jan 2019

So looks like PMO won’t be progressing the additional 25% of Tolmount from Dana

erm, what am I going to learn dbno, where’s oil heading next , you said down, I said up and PMO will follow, watch & learn, lol

Been watching and learned that you speak rubbish

It’s better for RDSB to state $40 than $50. They set the market expectation. Under promise over deliver. If oil gets to $50, RDSB will over deliver and markets will be happy. If poo gets to $60, that’s another bonus. It’s a big game and you need to know how to play it

Ferret - markets all priced in imho, can see oil going up next few weeks and PMO with it, we shall see. Big right down with RDSB, but share price not too heavily down. 8 weeks ago it would have been hammered

What happened to testing $36 support lol

Kraken, the ferret is probably counting on PMO paying for the acquisition of BP assets by issuing shares below market price. He is betting on this if he is short.

See previous posts in the last week regarding why we have been below par - all the information is there

Rookie - “£250m would do it” - you’re having a laugh !!!

How can £250m do it, when we have over that in cash and free cash flow?

Obviously we have the possible acquisitions, but we are due the half year update around mid September. This is when the dividend of 60p/ share was announced last year. Does anyone think the dividend will be maintained. Last year we had a total of 85p/ share
If RRE do intend to maintain dividends, maybe they should look at a quarterly payment of around 15-20p/share, obviously depending on market conditions, cash flow and profitability. Paying a quarterly dividend should hopefully keep the share price near cash levels?
Arran is some time away, late 2021 if i recall. Only other short-medium term news could be related to Tain/ Serenity.

Fair amount of discussion on why the market isn’t valuing RRE fairly or why some other stocks have gone up more like PMO et al. I think some of it’s due to known near term news driving speculative buying and traders taking positions. For example, PMO have the BP acquisition, short interest subsiding, TLW have farm outs and selling assets, SQZ recent dividend, Rhum drilling, Colombus not too far away
RRE have a “possible” acquisition, this could be months and that’s if AA can pull it off (I’m sure he can), so it’s only patient investors/ traders willing to take early positions or betting that poo will eventually recover to previous highs to reflect the previous RRE share price, plus its “relatively” safe ie cash in bank, no debt. If RRE confirmed a dividend come October, traders etc will buy in.
Just some thoughts.
So apart from an acquisition that “could” be in the works, what’s going to entice investors/ traders to buy the shares short & medium term?

Yep, TLW need to keep some good news for their new CEO. Hopefully not long to wait on any farm out news by TLW and then drilling schedule next year

Profit takers by end of trading ahead of API results so think it will be flat

Just a reminder that PMO can do 10p to 50p and onwards to £1+

Lol, you won’t buy at 40p, you never did at 10, 20 or 30. Like a bad marksman, you keep missing the target

Motoly idiot says he has no position, yeh pull the other one, their opinion changes daily

Reckon a drop first then finish higher

Trump don’t give a sh@t, whilst he’s in charge and it’s election year, Coronavirus is fake news, lol.
PMO and poo only going up