So keep topping up whilst they holding it down. But I think I've got enough think they want me to sell some to let it go up. But I think anything less than 120p is a con.
We have tolmount which will help reduce that tax credit. With tolmount and catcher it should come down pretty fast. My point is this last year our hedges were $50. This year our hedges are $70. Which means we will get $20 more for a third of our production. But its being completely ignored. Lets see if they can ignore a rising oil price.
We are cheap. As forget 2c. We got alot of 3c. I think someone wants our $4 billion t/c. Hence hired gS to keep us down. Oil upto year high $64.25 pmo year high 82p
Week oil was on $63.45 pmo touched over 76p. Today it couldnt do 74p. Few weeks before oil got $62 pmo made it to 82p. Now oil at $63.6 and pmo on 73.95p. I thought we correlated well with oil. Now if thats not the case its fine but then dont drag this down 5p on a $1 oil drop.
About it oil just has to hit $75 sometime this year. Its not an exact science but if its been 62 for awhile and eia estimates 68 this year it has to go to $74 for a little while. When it gets there the usual stories will hit $100 coming etc etc which usually doesnt happen pmo will trade between 110-130 between that period. All my suffering will come to an end then.
Is pathetic. But oil is following last years pattern. So is pmo albeit a few pennies less. So in april + may we should hopefully see the same or similar rise as last year. And get 120p.
Is the best bet if oil can get to $75. At $30 makes us $3+ million a day. Taking us back to 2014 earnings. Shame oil wont stay there. But it will definitely get there.