The way they kept this depressed at 12p when everything was going up was totally messed up. Shame If I had any decent amount of money id if put it in at 12p. Not wrth the headache for a few K.. this should be 18p with where oil is. Pre merger news bailout probably around 50p.
RE: PMO shareholders will only own around 5%12 Oct 2020 11:24
You can't compare assets etc. I think chryasoar has declining assets... im sure the others probably have some good assets... they needed pmo just as much as pmo needed them. Pmo will add on tolmount... catcher still producing well... so giving only 5% away is them thinkin they can get away with it.
RE: PMO shareholders will only own around 5%12 Oct 2020 10:44
Na not really... im just here in mind and spirit. I think TD gave up th3 good fight and the board made him walk the plank. If it was a amazing deal I know TD would come out and sell it to us. It is good for their survival. But u may double up or triple up. If oil goes up. Shell an b/p offer same terms.
RE: PMO shareholders will only own around 5%12 Oct 2020 10:42
I think when people valuing chryasoar need to include the debt. Stop saying $5 billion etc they have $3 billion in debt. So put it into context. 2.4 billion pounds equity around 2.4 billion pounds debt. So total enterprise value £4.8 billion. Around about $6 billion. Marking equity around $3 billion.