Member Info for members

Down 4% to 90 now... Biggest faller. Even more than ENQ who has gained 30% in the last two days. We were at 96 this time yesterday and the day before...

Abandon ship, guys. The game is up! When the Board of a Company says “shareholders are likely to get wiped out”, they really mean that. They will lose all their money. It happened time and time again. Remember Eurotunnel? Get whatever money is left and run away. Cut your losses. My humble and honest advice. I visited this board because one of the posters of a company I am invested in, was raving about Debenhams and how cheap it was at 4p. Run run run and good luck

Sometime yesterday we were near 96. Now we are all the way down to 91... All because of half a dollar Brent drop, after so many rises... Something tells me that it will recover soon. I hope

Yesterday Brent up and least gainer? PMO Today Brent down and most loser? PMO

All this fuss about Brent shooting up, EIA and API numbers being great with huge draws, driving season approaching and all that... So why are we still at 67?!? As soon as it hits 68, it goes back to 67 or less. It reminds me of PMO which was not allowed to stray from the 60s and 70s until a few days ago. Hopefully Brent will push up well into the 70s, as it should, giving those hugely positive draws and numbers

It is 100% clear that Brent ALWAYS drops like a stone between 4 and 4:30 pm. It seems to close at its lowest of the day all the time. It doesn’t matter what it does during the day or after FTSE close. The Brent drop then always hits PMO. Yesterday PMO 96 at 4 pm and closed 93.9, whilst today it was 95.45 and closed at 94.4...

Hereshopin... No. It is people like you that should not be taken seriously. To fall from 550 in 2011 to 94 now (despite the huge rise from 55 at Xmas), means that this share has lost 83% (eightythree percent) of its value. Or if you prefer, it now needs to rise a further 585% (five-hundred and eighty five percent) to go back to what it was. Pure maths, my friend. Something I strongly believe is neither your forte, nor does it help you to admit that you are totally wrong

Med5432. That is the correct strategy and well done for maximising your profits

Grippa... you killed the rise! Keep quiet next time! :-)

LONGWAIT... you are right. I just wish this company would get the sp it richly deserves, not the paltry level we have been in the last few years...

Hereshopin... you are right. PMO has lost two thirds (75%) of its market cap and sp, not 90% as I mentioned. That was when our sp was even lower. Let’s all rejoice! Champagne, Prosecco or PMO oil on our heads? Mate, to lose 75% or 90% is not getting my facts wrong. It is to prove that there are not many companies having destroyed total value for its loyal shareholders more than PMO did...

Beerbull... Had I had any money left to invest, I would have certainly snapped more PMO shares on the cheap... Alas, there was no money available to me, nor is there now. Just hoping that the sp will pick up soon. And by pick up, I mean restoring even remotely some of the massive value destroyed over the last 8 years. To lose £ 5 is criminal. I do not mean to recover a few pence here and there, like so many here are content with. I mean to recover £££

Dodger16... I look at the overall performance of PMO. 550 in 2011, 330 in 2014, 180 in 2015 when I bought, 148 last October and 92 this morning, down well over 1%, when all oil shares are up. I know that we were even lower, but I do not think a 90% share crash since 2011 reads well in any context or compared to any oil or non oil share. I am sure you agree with me on that?

To those who say I always moan... please explain this... Brent up to the highest level in ages to 68.5 Enquest up 15% Genel up 3% Tullow up 1.5% Cairn up 1.5% PMO is down in the red at 93 I was always told that PMO is the highest leveraged share towards Brent movements. So when Brent went down from Oct to Xmas last year, PMO was reduced to one third of its value from 148 to 55. Everyone said because Brent had fallen. But now that Brent goes up, we should be the main beneficiaries? So how do you explain the table of events above? You can’t... and that’s why you resort to personal and gratuitous attacks.

Suresh... you are obviously very new here... I bought at 180 a few years ago. My shares are worth half of that. What “ride” am I supposed to be enjoying? The only ride I can think of is the one I recommend you to take pronto

What happened to it? Guess what? No news or update. I remember Solan a few years ago... supposed to be our saviour and everyone expecting news any day. Took months and months and months. Let’s hope when Zama is out properly, that this sp will get a huge rerating. ENQ Kraken field is producing 15% less than expected and still their share gained 30% in two days... Go figure...

Brent up to 68.5, ENQ gaining some 30% in two days. We were at 96 both at 4 pm yesterday and half an hour ago. Now we are in the red at 93... The kind of share uplift that ENQ is enjoying due to results, is what PMO should have and much more. We are an infinitely better company with huge assists and prospects. Both with debt, but we have so much more than ENQ going forward. So the question is: why do we keep being anchored to a lowly sp? To be still under 1 £ when Brent has recovered from 49 at Xmas to 68.5 now and seeming going upwards, is truly beyond me. Amazing stuff for the wrong reasons. I hope all of us will soon be rewarded

Kilgeever... I am in complete agreement with your post. I do hope that we get back to 148 and beyond. This share is worth £££££. I have been saying this for years. That’s why I have been so frustrated with the sp movements. To think that at Xmas it was down to 55... That was unreal... And yes... the playground is full of children... I am definitely keeping my PMO shares. Good luck to you too

Mrd5432... I totally agree with you

JTS13... I agree with your analysis