PMO19 Dec 2018 09:57
Sp down another 3% this morning to 59 and perilously close to matching the Brent price, when only a month of two ago, our sp was double the price of Brent... Tanking every single day. More worryingly for me, is another aspect too... Constantly under-performing its oil peers is a sign that someone out there is really bent of taking PMO as further down as possible. This morning TLW is well up, ENQ and CNE down less than 1%. Same story yesterday, Monday, last week, last month etc. How can I share go from 148 to 59 in two months, without having reported any issues, problems, setbacks, rights issues, debt increase and all that? Yes, oil is dropping heavily too, but let's be frank... PMO has lost a huge amount more than any of its peers, from hugely indebted companies like us, to others who have little or no assets or potential compared to us. To sink (not just drop) 36 our of the laqst 38 trading days, is something unique, more than rare, in the stock market scenario. Only companies who go bust have this trend and even then, they at times have bounces which take the sp up, even if on a temoprary basis. PMO going down and sinking has become like waking up in the UK this month and checking the weather outside. You know it is going to be gloomy, dark and horribly depressing