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PMO went out and bought 1/2 billion in oil fields not long ago. IIRC the debt kept getting mentioned. Fact is they readjusted finances for spending. Went shopping thinking oil is cheap. There are main 6 lenders, but all of this stems from news articles. Just after they stated they had no money(debt laden) they spent 500 million! I would not worry about PMO! it's just throwing more petrol on the coronavirus fire!!
Hong Kong down 3%. Before anyone gets too carried away.
Too true. latecomers jumping in are looking at a bargain here this week (early this week if some results come in later this week).
Good job the oil 88e is looking at is in profit at $35.....lets hope (as usual) the LSE pull up the ASX from this terminal dive.
Proselenes -post more often guv. always nice to have more than one theory of when results are coming.
We are in the middle of a drill, expecting oil news!!! WTF!!!! yea......goinna pull my money and invest elsewhere. I wont report it - you are too stupid!!!
With drilling started and that answer from pros'(not proc' sry) i thought I would start this thread. What should be noted is the shape of the SP late 17 to mid 18. They resemble the SP over the last few months and could see the upswing come soon.
The volatility in this could have you loose a lot if you buy and sell. you could also make a lot. personally if your happy to wait a year you will be better. but expect it to be tied up. trading it will bounce. until that stops. the volatility will remain.
Now we are drilling I thought start a new thread. Thanks for that Proc'. Think we can expect a rise next week.
Now were drilling, whats the best guess? Tues, Wed, Thurs? How long after they hit will it take to log?2 or 3 days?
Is that mainly in the broadsheets?
Most US Stocks are down 25%Corona
And not buying stock.....from google. so its probably carp....
A market maker is a individual market participant or member firm of an exchange that also buys and sells securities for its own account, at prices it displays in its exchange's trading system, with the primary goal of profiting on the bid-ask spread, which is the amount by which the ask price exceeds the bid price
hard to fing it where they make their own bread onsite these days.
Hereshopin. I could buy you a gormet Kebab and a tea for 5.95......
volatility. gonna keep happening.
Understand "market as it as at the moment" but if it can do 1.5 before oil, hope for a bit more on finding. Even in this climate.
"I’ve seen it do 50-70% in a day" exactly. I would have thought more people would be "in" and the SP higher, still a mad scramble looks to be on the cards
Not which drill! Depends on how good your sense of humor is with that!
We Hit Oil!! What day are we expecting that news? Tues? Wed? Thurs?
i was always afraid of going to dunny. it used to be spiders. now its loo roll.