Member Info for oiluser

You didn't bother reading the details I guess.

Only if they are not paid their dues.

I think Corona is now secondary news, pump at will is going to add a lot of oil to a already soaked market. I think the Russians smell blood, and have decided that shale will be targeted.

If there isn't a massive drop in drilling rigs in Permian within coming weeks and months then i think that this could last a year or more. I do believe total could now be interested in a low ball bid, it's just a possibility and it's much cheaper than when their CEO said not interested in December. All depends on II and debt holders. Not us PI,s

Dreaming, this could sell at 50p or less now. The notion of a pound is faithful

I think Gary is taking the pizz

What's a lot? If I'm not mistaken this was over £2 in November. I think that there isn't much down left. On the other hand there is a lot of oil on production, 245mbo if I'm not mistaken and it's cheap oil at opex 11usd/bbl. There is a lot of 2c approx 1billion bbl oil. Decommissioning liability is 1billion usd. Not even a dollar per bbl of 2p and 2c. Grant it they have mismanaged info, I can't think of any reason for this price other than 2 possible. 1, completely unloved and abandoned. 2, something fkn might no one knows about but insiders. Personally I think its 1.

This is a world market shake. I think the Russians knew the cuts would amount to nothing and said fk it. I think they are also irritated by sanctions on everything not least nordstream 2.

The hedges look pretty solid.

How much oil is hedged and for how much? Surely tlw have hedged a good chunk of oil as the market has been volatile for a few years. This is a black swan atop of volatility. Can anyone provide some hedging numbers.

Remember Russia is exporting Iran oil too so one must keep that in mind when factoring in who's doing what

Why should Russia subsidize US oil production, and as a result US industry. Remember nordstream a few months ago. This is a big FU to wall street, and west in general. And aside from its timing wrt to PMO it's been a long time coming.

Look around, everything energy is getting spanked.

TV is just fine when it works for them, they want to be able to panic punters with all sorts of stories. Whether market or political / geopolitical. This is the negative of their monster, can't control the narrative on the flu

You a fox news man emerald? What's Erdogan doing in Libya?. Its a land grab that failed. Syrian land, is Syrian land. And take it Syria will, and with Russian support and US nod and wink.

According to advfn 12million shares traded, yesterday 3 million. Someone closing position with bot support

Haven't seen u for a long time baysilhope, and I think you got wrong bb. Hope you will comment on PMO

I note Andy having a rant on advfn. He now refers to himself as an investor (concerned). What a plonker. Had 10000 posts removed from LSE along with himself and he has an audience of 4 on that bb. Just to remind those of Andy's posting, PMO reached a high of 140+ despite Andy's repeated comments that the SP would hit 0 before it would hit 100p. All that despite the fact that conversion price was set at 104p. The risk to PMO stakeholders one and all is oil/gas prices. Couple of questions on this subject and PMO. Is the UK a net importer of oil and gas? Is Donald going to do the UK any favours in the trade negotiations? Does the UK use Russian gas? What is the ROI on Tolmount. Does PMO BE drop with considerably more production. Will profit be tax free from the NS acquisitions?. Is midlife closer to the end than the beginning?. Did the Tory govt state that they would promote low carbon O & G extraction?. Are PMO doing ok in this low carbon extraction business?. Why buy an interest in a hub?

Anyway those reading, its Sunday in sunny in Spain and I'm off out for a game of Golf. Enjoy the day and don't listen to morons. DYOR.

Did members aka betrayed make a boohoo on tlw also?

The dates don't add up, they built the short up long before announcement of zama and alleged meeting with pmo re acquisitions. The article is speculative on dates and details. They fkd up, and with someone else's money.

Indeed, support them pull it. What's baffling is why would ARCM worry their heads about decommissioning costs way off in the future when refinancing would have them out of the pmo debt. They are full of sxxt, the arguments they put up just don't hold water.

Premier objectives are

1) increase cash flow backdated to include asset revenues in 2019
2) avail of 4billion tax loss credit
3) acquire hydrocarbons for development
4) reduce debt ratio over time
5) additional near term low cost development targets

The only point ARCM have that is valid is front date prices. But who amongst us is not concerned about the HC industry.

ARCM are worried about their hefty short, and that's the sum of their concern. Read an article today about the demise of HF,s. I think they have more than their PMO position to worry about.

The headline sounds negative but the article basicaly confirms the deal is a shoe in. Not sure why its be percieved as negative optics. Anyway, poo is what's important!