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Great price, Comeonvog... This was 130 less than 2 days ago... Some shrewd investors may argue that you should not try and catch a falling knife, but I disagree. Good luck

What is your buy target for PMO and TLW then, DBNO?

I thought you bought TLW yesterday, DOWNBUTNITOUT?

Forget about that. Average daily volume is 10 million shares traded. Today, with only 3 hrs to go to the close, only 4 million shares have been traded. We may go a bit lower still, but hopefully we will get back up any time between this afternoon and tomorrow weekly close

Krakenoil, they always do and I agree that manipulation is dreadful when it has nothing to do with company’s performance, assets, prospects and oil price. How can the sp in one and a half days retreat by 10%? Where’s the negative news? Only consolation is that other oilies aren’t faring much better, with ENQ down 7% yesterday and TLW at extremely low sp at 224

Hi ROS1, yes I am a lth too and hate intra day price movements and shenanigans. However I can’t help but feel stupid when I see the sp tank and know that it will, yet I do nothing and just keep my shares. I should sell when the sp has had a good run and then buy a lot lower, rather than just sit and do nothing. I knew very well that 130 on Tuesday afternoon would be as good as it gets for a few days. We are now at 117 and seemingly going down, although I feel and hope this afternoon there will be a turnaround

Thanks ROS1. You know that I have believed in PMO when the SP plunged to 19 and even more so now, I believe this company will deliver huge sp rises over the years. But I will never understand daily or weekly market changes. They defy logic, analysis, fundamentals and even market sentiment. We go from hugely positive to hugely negative in the space of a few hours. When we moan that Brent goes from 78 or 79 to 77 now and we get worried, may I remind some new investors here that it was half of the current level only a couple of years ago?

Yes, I know Sauer. That’s why I think the drop is not due at all to extra shares, but rather to market manipulation and temporary negative sentiment towards oilied which for whatever reason are pushed down, despite Brent being at 77.65 and towards the top end of range in the last 5 years... 3 years ago it was said that PMO would make money with Brent above $40 then 50, then 60, then 70. Now at near 80, we still have a mountain of debt...

Can someone please elaborate as to why they think the drop in SP from 130 Tuesday afternoon to under 120 yesterday and now at 118 is due to extra shares and bond conversion? Volumes are pathetically low at only 1 million shares traded so far today, some 2 hours already after opening. Same yesterday and the whole week. Is there something that escapes me? Any valuable comments and feedback would be highly appreciated.

Such a disappointing day from all oil shares, when Brent is up to near 80. Same yesterday. PMO up only 1%, TLW, RKH, CNE, ENQ virtually unchanged. I have no idea why we are not pushing much higher with PMO and we are still well into the 120s, but I suppose those who manipulate markets know what they are doing. For me, we should be at about £ 2 now and not where we are. Good luck all.

Hi Bobblicious. Nice to meet you. In my opinion this company is worth so much more than the current sp. it was trading at 550 in 2011 and with nowhere near the assets and prospects it has now. Unless I need the money, I shall not sell, even at 180 or above. Good luck to you, whatever your investment or strategy

Rocklawn... you are obviously a million times more stupid than me... I feel better knowing that

Hi everyone, old and new friends here. I hope you are all well and healthy. I have been on the sidelines but reading your comments every day. I just wanted to say that whatever half year results PMO reports tomorrow, we can all agree that huge steps forward have been made. Of course there will be those who wish to wipe out debt as if it was as easy as drinking a glass of wine, but realistically that ain’t going to happen overnight and PMO has indicated this several times recently. Whether the sp will drop or rise tomorrow, it is anybody’s guess, but now more than ever, I am holding on to my shares here. As a long term holder, I had to suffer 90% paper losses when I bought £ 50,000 at 180 some 3 years ago, only to see the shares drop to 19. Now that they recovered to current levels, I am still sitting on fairly huge losses, it I am confident that good times are nearer than ever before. I rate the shares a strong buy and wish you all luck. Members

Stagecoach... RBS a rock solid bank now?!? I think there me staying that I am the strongest person in the world makes more sense... Never heard such rubbish before. RBS and rock solids bank sound like chalk and cheese... They are a mismatch

I can see the sp down to 189 beginning of next week. If that breaks, we will go to 155 in coming weeks.

Capra, you are absolutely useless! Tipped this to go to 123 from 107.80 and the result is that the SP is now 90 as I speak to you. And I thought you were a genius?!?

There you go... Closed at 91. Down 7%, the biggest dropper. BP barely changed. But the posts only a couple of days ago were expecting a huge increase. Where are all those mockers now? Come out and explain the SP at 91 to me if you can Massey, Ammu and company... I sold at 94 and now it is 91, so why are you saying that I sold at the wrong time? I can but at 91 now. You only come out when it suits you. Back in your shells now

I think you are right... Down 7% at 91 now. TLW down 5% and PMO 3%. Brent up at 49. Even the cleverest person in the world would struggle to understand this. SP is back to where it was when Brent was at 42. Brent is now 20% higher and yet, we are not...

Even BP Gaines more than OPHR when oil went up. Today BP is almost level and OPHR are losing 4-5%

Thanks for your post, mate. But see what I mean? Oil rockets up, PMO and TLW gain 10% in a day and OPHR struggles to muster one or two %. You say because they are more reliant on oil than OPHR.Today oil is down, PMO and TLW are down 2% and OPHR 4%. Does it make any sense to you? Not to me