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MW75... Brent may as well go back to 62, as per your prediction... But the second part of your post is utterly pathetic... "Be careful you don't get spiked here at 76"?!?!?! FFS, This share was 550 in 2011. It was trading at 148 a few months ago and now it is worth less than half that.... We have underperformed the oil sector by 100% and you think our sp has "spiked"?!?

Brent near 65 and we put on a huge 1p... still only 75, when a few weeks ago we were at 82 with Brent only at 57... whoever still believes that PMO is uniquely directly correlated to Brent, probably lives on another planet... This share is worth £ 3 with all its assets. Because of debt, it should be at least £ 2.

MrEMC2... we can’t even stay on 74, let alone 75... we are back at 73... pathetic

PMO has 2 Billion debt, whilst TLW has 3.1 Billion...
TLW also is spending an extra 570 Million on investment (where do they get that money from?!?).
And TLW are resuming a dividend, something that is the last thing on PMO list.
TLW shares have outperformed PMO by 100% since the descent from the highs of 148 to the current lowly 73 (60s, until a couple of days ago...).

Does all this make any financial sense? Not to me...

PMO was 120 and now 73. so it needs to recover 70% to go back to that
TLW was 221 and now 223, so it is up 1%
CNE was 184 and now 210, so it is up 15%

Auson.. I fully agree with you... Our sp should be faring a lot better than TLW, but the opposite is happening. Both companies have debt, but PMO has much lower operating costs, hugely better assest, operates in areas much less volatile than AFRICA where TLW is involved, Our oil production is at record levels etc. So why is our sp so pathetically low? And why in your opinion are the shorters forever concentrating on PMO? What is the problem, if there is one?

Mrd... TLW up 6% to 224 and we are up 1% at 73... It says it all...

MrEMC2... irrespective of whether the banks would lebd PMO more money or not, to buy the Chevron assets or any other investment they may try to make, my question was why did PMO not deny the possibility of a Rights Issue?

MrEMC2... Why are they trying to get the price down to 50p and who is that?

Why did PMO and Tony Durrant not exclude a Rights Issue in the RNS they posted after the Chevron speculation, which drived the sp massively down (as if it was not already massively down anyway)?!?

Mrd5432... PMO only up 1% now...

TLW up to 220 and not far from 52 week high. CNE up to 210, recovering from 138 around Xmas time. In the same time, PMO crashed from 148 to 55 and even after yesterday's rise and today's increase, our sp is only 73. Now more than 3 PMO shares are needed to make the sp of 1 TLW or CNE share. Only a few months ago, you only needed 1.5... I cannot see any other oil peer having better assets, potential and low CAPEX as PMO. Furthermore, Brent is up to 63.3, hugely up from 49 at Xmas. Ftse recovered handsomely from 6,600 to 7,160 now and is well up today again. Dow Jones rose another 1.5% or 400 points yesterday and at 25,650 is very close to a 52 week high of 26,143. We seem to be the only ones missing on all this good news. Oh, well... maybe ENQ too, but ENQ does not even have a tenth of PMO assets and potential. Why our sp keeps being manipulated to be so down and so low, only those in the know will be aware of why. Takeover, Rights Issue or simple shorting, aimed at making quick money and leave private investors like us wondering why oh why PMO underperforms every index and every share on the planet.

downbutnotout... Pullback? PMO? It has been pulling back for the last 5 months... have you not noticed?

This has all the hallmarks of a takeover. Everyone and everything conspiring to keep PMO sp to extremely low levels for no reason whatsoever. Brent back up to 62.25 after it was 49 just before Xmas. FTSE recovering hugely in the last few weeks from a low of 6,600 to now 7,150. CNE flying from 138 to 205. TLW flying from 145 to 207. OPH taken over at 55 from 32. TLW now only 3% below 214 which it was a few months back, when PMO was at 125 (so we need to double our current price in the 60s to get back to that). 3 PMO shares now needed to make one TLW (used to be 1.5 a few months back). All this despite record PMO oil production, CAPEX hugely reduced to 45$, Brent well over that, SEA LION, ZAMA and all other hugely positive assets in the pipeline. Debt massively reduced. Make no mistake. This share should be well over £ 3 now, not 60p...

AlfaMale... But that is exactly the problem and exactly why O have been a long term holder! because I am not a day trader and never will be. I do not have the skills to do it. I have not been moaning or panicking at daily movements, but the 5 years let down by the sp since I bought the shares. You say that they recovered from 19 to 147. True. They also crashed from 550 to 19 and now from 147 to 70. I have nothing against the company. Its assets, potential and everything else should point to an sp several times higher than it is now. Even with the debt we have

Oiluser.. You must love me so much... Getting up at 2.57 am to post that you agree with OWLS post... I wonder why on eafrth ou do not filter me, instead of losing sleep...

Mrd5432.... most frustrating indeed.

Mrd5432.... most frustrating indeed.

AlfaMale... thanks for all your advice. You call them small price movements. They are not... Brent up almost 4% today and PMO down almost 3%. If Brent would have lost 4%, PMO would be down about 9%, which happened on so many occasions, even recently... Furthermore, these “small” price movements happen every day against us and whether they are small or large, once you add them all up, they become impossible to ignore or fathom

Make us 62 now..