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Down to 68 now and almost 8% loss. F... it...

Givingthelowdown... We are already down 7%...

There is obviously a concerted effort by shorters, manipulators, market makers etc. to keep PMO down... When Brent loses 1 Dollar and our sp tanks 7% like now and we are down to 69, there is not much to say, is there? Yesterday Brent went from 61 to 63 late afternoon and we put on the incredible amount of 1p on our sp... Other oilies are down o nly 1% today (OPH, CNE, ENQ, 2% (RKH) and 4% (TLW). We now need almost 3 PMO shares to make 1 TLW, whilst 2 months ago we only needed 1 and a half...

24 hrs ago, PMO was at 77 and Brent at 61... Now PMO is down 7% to 72 and Brent up 2% to 62-63... Go figure...

Brent up from 57-58 on Friday to almost 63 now. That is a huge swing upward, after the constant descent. And what does PMO do? We are in the red o course! Had Brent dropped from 63 to 47, we would have lost 20% in sp value...

Wtf... Brent same as at yesterday's Ftse close, but PMO is down 3%... why oh why oh why?

Hi everyone,
I can't sleep, so I thought I'd post this to raise your spirits (and mine!), after such a bettering in our sp and oil prices in the last few weeks...
I have been invested here for over 6 years, as some of you may know. Every year, PMO and shares on general, have a huge drop between the first or second week in November and the first week in December, when they then rise all the way to Xmas and the New Year. Then it is time to sell around middle of Jan, when they will drop steeply again till March. At the beginning of April, they will pick up again and increase in value steadily till end of May.
I have studied the trends of past years and I am fairly confident that this is what is going to happen, so hopefully history will repeat itself this time too... I therefore predict that in the next 10 days or so, PMO will zoom back up to at least £ 1 and then drop again mid Jan to about 70 or 80. By end of May, we should be back around £ 1.20. Please do your own research and do not trust me. I am down 70% from my initial investment after all! Good luck.

IAmNotAnAnalyst... Brent is the measure, but WTI also counts, as the Americans are pulling the strings on oil prices, as you well know... and markets are open around the clock worldwide, as now Asia are trading, then the Ftse here opens at 8 am and New York at 2:30 pm

Hi JohnnyDell... indeed I was there and suffered like hell. Suffering even more now that the Company is a million miles I’m better position than it was then, but the sp has crashed like then. 72.85 close... Pathetic and utterly disgusting. I do not care what Elizabeth says... PMO lost a huge amount more than any of its peers, even those who have not even an ounce of the assists and potential of PMO. Yes, we have debt, but so have TLW, ENQ and all the others. To be outperformed every day for weeks and weeks now by them, despite them falling heavily too, is just a matter of shocking manipulation. My view is that we shall bounce extremely strongly and much quicker and steeper than any of them, when the tide turns.

Marshall2810... Thanks mate. Let's see what she says, but all previous atte,pts have only heralded the usual response, i.e. that the sp movements are dictated by market sentiment and external factors...

Outofideas... Yes, mate. We have been there before. I have had my hands tied, as I have no more money to invest and reduce my average. With hindsight (marvelous virtue), I should have sold and then bought at lower prices, but I am not and never will be a day trader. I am here for the very long term. Good luck

plumbus... thanks for the explanation, but the truth is we lost 100% of the value in sp and that is what matters. Your calculations of a possible takeover are of no interest to me. Since 2012 there have been thousands of posts here speculating about PMO being taken over by BP, Shell, Ophir, the world and its mother. It won't happen, so let's just concentrate on the sp, which is what increases value or puts it down. We will be out of FTSE 250 again, with all the negative consequences about it

TheCashFerret.. I agree with your post, except that you say 60 dollars Brent is the cut off for profitability. How did you get this figure? When Brent was at 30, PMO was saying that Brent at 40 would have given the company profitability. Now we need 60?

plumbus... If you are trying to be funny, please do not, as most of us here have lost a paper fortune in the last 6 weeks, which may sound funny to you, but certainly not to me and those nursing huge losses. If however your post was of a serious note, then I really do not know what to say... Either i am totally stupid or I doi not understand what you said

Krakenoil... Exactly half, I am afraid... 74 now, so double that and we get to 148, which is where we were 6 weeks ago. PMO has the habit more than any other share to bounce and then crash and then bounce and then crash. But each time I am worried that the bounce may not happen after the crash. I am sure it will though. But we have not reached the bottom yet. Falling knife etc.

Annikins... Wow! well done! You are one of countless here who bout at 19. I must have been the craziest idiot in the world to pay 10 times more than you and all the others... Oh well, we can't all be clever! Good luck

hangseng... I hope you and Bulent are wrong, but we are down to 74 now and on freefall again. I hope we reverse the trend later today or any time soon

boracic... I think you seriously need medical care too... and make sure it is emergency treatment, as you could end up losing your brain entirely if you do not hurry up

I'm afraid I've seen it all before... Crashing from 550 in 2011 to 300 a few months later. Then a year later I bought at 180 thinking it was the bargain of the century.. It went to 19. We climbed back so very well to 147 last month and now we are back down to 75. Some of you are talking about 60 soon. Who am I to say that you are wrong? But I hope you are. Trend for today is very negative in my opinion. Once again we are totally outclassed by TLW. We are down 3% and they are more or less flat. A couple of months ago you only needed 1.5 PMO shares to but one TLW. Now you need almost 3... and this is despite TLW also having lost so much... It's crazy stuff.

What time are the EIA figures for Brent out?