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Well seen some numbers thrown about but I certainly can see a return to 60p with oil stable and inching up. $80-100 is what the Saudi’s would like and the sooner we get to say $85 (engineered by opec) the better. But on the plus side we should be seeing more production wells onboard as we close out 2023

Looking at the repeat same order value buys the shorts appear to be closing out……..come on the other thing other than the charts is the potential for a takeover, as per speculation, educated guesswork and a Forbes article that has covered this topic. Now if the stars all align we could quite quickly be aiming for over £1. It doesn’t take all that much. For now my target is to see us cross through 80p

Move just crossed 73p……getting interesting as it is ready to pop higher

Vega that is a sound and well reasoned post. I too look at the wider macro picture too, but from a chartists perspective this looks all set for a nice climb, that’s all I’m pointing out….the contracts as and when they come through will add to the current positive momentum

Well that 84p sits with my view on the sp move……..won’t account for TO approach though. Still some juice in at the current price for those fence sitting

Bullish signal flashing up guys……gaps all backfilled - now lest see if we can crack through 73.75/74p

The bottom is in and the reversal is happening, Brent also playing ball just popped up $1……we should see some pivoting and buying

Well waiting for the buys to fill

Haha @Frits…….I have a good feeling this time that us patient holders will see a nice positive move - the volume yesterday afternoon was way more than normal. Sizeable buys, so wondering if some have got a sniff of what will unravel later today after the meeting with the FDA.

Vincent Vega the SP has been trending higher with a higher low and it is trying to break upwards. I have seen the SP falter around the 73.8/ 74p mark, but once through we will then look to break the 78p and then crack through the 84p which has acted as a ceiling. The Saudi’s cuts will filter through into the market and Bryant will inch higher $100 is optimistic, but $88-90 I think will happen. In the background though don’t be surprised if we do see a formal approach for the business. This is not just a view i share, you can read it for yourself online. Just sharing my point view, as you no doubt share yours.

Well then last 90 mins today saw volumes really pick up…..should be knocking through towards 4.5p tomorrow

Also the chartist in me is seeing a bullish consolidation and a move up is kind of baked in…….we just need to follow our instincts along with the wider info available

Well depends on the offer and what your average is? At these levels I think most would be happy with £2.40+ I think we all feel these are a little bit “too cheap” right now, hence why I am a buyer

Any takeover approach (speculative or otherwise) will see the SP climb well above £2 and I would rather be in at these levels than trying to clamour to buy at a premium. I have added whenever money has been freed up.

Just a reminder to some on here about the above article on 15/3/23 and PFC was listed in the top 10 takeover targets in the uk - google Forbes takeover list and look up the article - hence one of the reasons I am buying. The WG deal collapse also gives me increased confidence that we are being looked at!

Well we are all kind of excited with the potential news flow over the next few days…….I like a few here do think that it could well be transformational……finally

Jus added more…..it would be wrong not to, lets see how we close - I’m sure we are seeing some gaps filling right now

…typo have been thinking about. I just feel that in a little while so many are going to look and think why didn’t I buy more. My view is that we should really be sitting north of £1.30 already, but whilst we are still sub 80p I’m happy adding

Gap just been filled and it looks like we should see a move higher……I would really like us to crack through the illusive 80p again as we head back to 3 figures. Also mindful of the M&A in the sector and with WG’s deal falling through I am thinking more and more we could see an approach by a Middle Eastern player perhaps. All ifs and maybes, but things that I have thinking about more and more of late

Personally once we are through 3.5/6p we should get top 5p in anticipation of the update following the meeting with the FDA on 7th June