Member Info for Mrd5432

This week we will close nearer 84p. Barring no more bad news from oil usa china etc etc.

So we lost a billion on solan then gained a billion on eon. Tolmount will replace catcher by 2021.

Solan was sanctioned in $100 oil days. By the time it happened with millions of delays oil had collapse. At 20kbpd and $100 oil it was a decent bet. At $65 and 5-10k bpd its a $1 billion impairment.

Will come again a couple of years. Last time pmo refinanced from a position of weaknes... out of covenants etc etc. Next refinancing they will get much better rates. Much better. If not someone else will carry the debt. At 2.5x covenants there will be plenty of takers at 2-3% rather than the current 5-7%. On 2 billion them %s eat into our profit alot.

Buy some pmo before april 4th. Last year 68 to 124. Lets do 74 to 118 this year

Has $400 million in undrawn facilities. So if it wants to buy something its got the money it just has to clear it with vamps at the banks.

https://seekingalpha.com/amp/article/4247230-premier-oils-pmoif-ceo-anthony-r-c-durrant-full-year-2018-results-earnings-call-transcript

Pmo open 78p on monday. Shame oil couldnt do this whilst we were open.

Nice bounce on brent but looks like everyones switched of now.

Recovered but oil hasn't itl probably recover after we close.

See how a rising dow takes everything up. Imagine a falling one. Will take ftse back in time.

On the plus side our volumes come back.

We dont need it. Just need oil to rise. At this rate premier_oil will be a takeover target.

Its keeping the rest just the ones that could double up. Its keeping all the divi ones

Selling tullow cairn and pmo from its funds. Lucky for us it only owns 12 millions dollars wrth here.

Who would of thought oil would collapse!!

Everyone who sold out is so lucky can buy back in cheaper. Thing is with pmo and oil.... it always gives you that chance.!

F me... today coulda been a good day... but it turned out to be a dreadful day.

Chevron etc when they came to shale they brought wads of cash and the knowhow hence why usa keeps inc bpd! Big oil is responsible.

Na im up a little. Il be killing at 110p+ until then this has been wasted hold of my money.