RE: SXX and Thomas Cook12 Aug 2019 12:32
Chilting... thank you. You do not need to remind me that PMO at 70p is an absolute steal. Brent is out of favour and languishing to 57 or 58$, which is ridiculously low and all oil shares, PMO in particular, have seen their sp decimated. I hope and think the turnaround is imminent, but no one know. Trump keeps tweeting and senign oil down... As for SXX, I agree with you that 8p is a hugely attractive entry point. Trouble is, until the bonds are sold and production starts in 2021 (barring delays), buying shares in SXX is a huge gamble. In fact, it is a total lottery. I will never sell my PMO shares at such a ridiculously low sp, to buy SXX. Not until PMO is worth £££££ and SXX is producing well, with no delays and no cash calls.