Is in the short term he has screwed me. In the long term this will turn out fine. Now my short term target was 90p. That's gone now if im sitting long term now il take 125p.
Doubt they raising much on a RI. 75% will come from selling Latin America the rest will come from investors. I think they want to manage chevrons assets for someone else! And utilise our tax credits
F me. 11% poorer today on £440,000. Nearly 50k down ffs. Thanks Tony. He just bummed us short termers. Buying assets in uk makes sense and selling of brazil mexico and falklands. But now we wont see 100p until he's gone and done all that. Maybe by june
Couldn't Tony come out in an RNS telling us they're thinking of maybe seeing whats on offer with chevron. Why do we have to find out from the newspaper!! Fukr only did a rns last week. How about telling us!
Hate Tony Durrant. He wants to buy all of chevrons assets. You can tell by that rns. How we going to raise $1.5 billion. Lol. Lets do it lets turn into bp
Did you not say that when they brought the EOn assets? Im sure they can sell tolmount at $300 million now if they wanted to. Which is twice the amount we paid for all the assets. Remember as much as I hate Tony D he is not stupid he will only buy right now something that is value accretive. As the big boys have to sign it off. They wont let him do a solan. They will however allow a eon.
This is better to go to the wall. Let it go to admin. Theyl sell all the slots all the assets. Then pay the debters. Then cover their own high salaries and then pass on whats left to shareholders. I doubt it can be worse than 1p.
This is the shorters biggest weapon a RI is coming. However in this instance the same as panR did a RI helped it go from 16p to 24p. Il take a 50% here even if its a made up one.
If pmo can sell non producing assets to take the producing ones I think it will do wonders for this company! Without inc debt without raising more cash. Oh and by the way tullow did a RI last year. Year on year exact to today pmo down 17% tullow down 14%.