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Krakenoil... very glad for you. You deserve it. On the other hand, I bought at 180 some 5 years ago and sold at just under less than that. I have seen it go to 19, then 148, then 55, then 110 and back to 65. Selling at 88-89 is sad and I am nursing big losses, but I believe in PMO and will buy back when the opportunity knocks

Krakenoil... me too. I sold because I sensed some negative vibes. I was right, but then if I was still holding, PMO would have gone to 75 today...

I meant Brent was at 63.62 at London close yesterday

Krakenoil.... PMO closed unchanged and you call it disappointing?!? Brent was at 63:62 $ at London close and it is 60:82 $ now. It lost a full 3 $... on another day, PMO would have lost 10% at least.

I sold as I think the sp has risen so much from 65 and will pause for breath.
I shall buy back soon. I may miss out further gains, but I hate holding and then seeing the sp lose some of its recent gains. No doubt I am wrong. Good luck all for now

That’s a lot!

130,000 jobs instead of 158,000 forecast

TheCashferret... How can Zama already be priced in?!? Are you serious? Where would the sp be if it wasn't priced in? In the 40s? Come on, let's be serious....

Beerbull... Yes, I agree! But we also need Brent on our side... If Brent is this low and market sentiment negative, Zama will fetch a lot less than it should...

Brent at 59.69 now and falling rapidly, but PMO holding very well at 82, down a mere 2%.
I am very pleased with that. On another day, we would have fallen between 5 and 8% at least

Krakenoil... I fully agree with you. I have no idea why we went from 62.12$ for Brent yesterday afternoon to 59.98$ as I speak to you. No bad news. No nasty surprises. No Trump shenanigans (yet)...

Brent 59.96 now...

Brent dropped sharply and now trading at 60.05$ as opposed to 61,15$ an hour ago. Any idea why?

downbutnotout... What UK time are the US job numbers and do you really think they will influence markets a lot today? What is the forecast?

Once again Friday trading proves to be the worst of the week...
Brent is suddenly falling again (was 61.15 10 minutes ago and now it is at 60.60), DBNO is telling us to be careful, our sp is in the red and all that. Where have we seen this before in recent weeks and months?
Friday used to be the best day of trading. Now it is one to be avoided at all costs. Bring on next week!

The CashFerret... Thanks for your kind words and same to you. I would just like to add that in a way, I hope Zama is not sold now, too soon. These very low oil levels mean that market sentiment is negative and we would fetch a lot leee than if we sell it when Brent is let's say at 70

Bladesman... I totally agree with you. PMO much less risk now. the Board said priority is repaying debt and that is exactly what we are doing. Selling Zama now is a shame, with Brent so low. We could get twice as much for it if Brent goes up, but that is not PMO decision. Brent is in the hands of Mr Trump.

TheCashFerret.... My money is all invested in PMO. I have no money left to look at ZIOC or any other share. I am useless at day trading. Even more useless than the big loss I am nursing being a LT PMO holder. I believe in PMO and the future for us looks very bright. I would not want to be out of this share now. Not in a million years. Zama sale, possible bid, dent reduction, lower operating costs, record Catcher production. All we need is Brent to go up, which I trust it will.

Tarthdrader... TD masterstroke buying EON assets at next to nothing saved PMO. Our sp was 19 then and seemingly destined to go to zero.. TD is not perfect and could have more charisma. But facts are what we need and debt reduction. he is doing exactly that. It does not help that Brent is so low.

TheCashFerret... That's a more sensible reply. Thank you.
I disagree with your view, though. TD could scare the shorters away, as you say, and promise the earth and the world to investors and instiutions. Then, the first trading update falling short of his promises, we would see a price crash of 50% instead of the 5%, 9% and 7% sp increase we saw after the last 3 trading updates.
You do not honestly think that shorters and manipulators get scared when the CEO of a Company make any noise?
Take ENQ, SXX, TCG to name a few. They are all in a much worse position than us and their shareholders have suffered hell recently. Their CEOs have bought a lot of shares in their companies, promise all things that they could not deliver and now TCG is going bankrupt, SXX cannot sell the bonds and may go down too, whilst ENQ at 19p says it all, despite all the ramping noises made by you know who, here...