Member Info for oiluser

Having something to sell is largely down to TD, having the balls to bid in Mexico when everyone else was on the sidelines was his decision. Eon was his decision and frankly it saved PMO. Tolmount is at full steam, what else can they do to speed it up. It looks fast track already. Yes, TD was at the helm when PMO walked itself into a lot of complicated debt and yes he deserves a bollicking for that but so do others with oversight. Solan FID was poor to say the least but how many other decisions were poor with oil at 100+. If I didn't think that TD was a capable CEO I wouldn't buy shares in PMO, simple as that.

Debt is an issue and will remain so until leverage is below 1.5 and that's a moving target with POO & other factors. For sure we should sell Zama, but before its properly appraised would definitely be a bad decision and worthy of firing the CEO. But 62 oil is not a death sentence, hedging is good. If they get some more assets that improve the balance sheet then its got to be good too. BE is 45 because we sold some cheap to operate but ageing assets, otherwise we would be down around 42 as I had hoped. Catcher also helped push BE up. I can tell you without a doubt that there are many companies that would find $45 BE a lofty target and some of them big. The issue is Debt, with a sale of Zama at 400 to 500 million and further debt reduction in 2019 of 300 to 400 that would drop debt to 1.5billion by rear end 2019 assuming mid points for both contributions. That's going to bring debt closer to 1.5 billion YE. 1.6billion if we choose the lower figure and 1.4 billion the higher end.

Same here, until there is a light at end of debt tunnel and some talk of share holder returns then this SP will languish, and if it does go back towards the 50,s I will buy some more.

The arrogance is astonishing. Thanks for the entertainment.

Really, so if its 2.57am in the UK and I'm not there is my time zone automatically 2.57am.

I'm not surprised your pockets get picked on the stock market

couldn't agree more,

i remember you having all your eggs in here last year with ychang and you mysteriously disappeared a long time before it got to a pound

Some need an education

Capex = Capital Expenditure (capital projects & exploration/appraisal costs etc )
Abex = Abandonment expenditure
Opex = Operating Expenditure
BE = Break Even (the $ value above which FCF is being generated) last year PMO averaged about 50, this year plan is $45
FCF = Free Cash Flow ($45 is not a bad industry figure)

General comment to all remoaners, never put all your eggs in one basket.

hardly a surprise with our capex at 45:) I wonder what our Opex is?

the thought is mutual,

halfpenny, I think its therapy for some here. Only trouble is the board is like a doctor Phil's for losers.

so middle is 700mbo - % in Pemex which could be 200mbo as example leaving 125mbo to PMO,

Grippa

Can you ask your insider at PMO who leaked the fake news story to the newspaper a few weeks ago, surely to make such a statement they much have details or are they guilty of the same speculations this board is. Have you ever had the feeling of being used, I would be surprised if you say no. now get on with your filtering, and as for my lies you now need to substantiate that. You will never post in peace till you do. Do I remember you correctly from Enq? What happened there?

spoilsport

I called and this is what they said, into my virtual ear.

They are aware of an ejit on lse "stating that PMO told him that a competitor released info to the newspaper", they also said that they were contacting the LSE to find out who that ejit is so they can report them to the Financial Regulators for misrepresenting the company on a public forum. how does that grab ya grippa

what else did the PMO dickiebird tell you, or are you watching too much Dallas. The competition leaked the article, and PMO told you that. I think day time viewing should be limited to the muppet show.

well that's interesting, if PMO think that a competitor is using the press to influence price the I assume they are / have reported this to the financial regulators office.

Sounds like pure BS to me, the shorts paid for a favor and that should/could also be reported.

Not sure why it matters if the US banks and money houses want to subsidize the shale rise to prominence in the last several years.

The fact is they do and will continue to do so for the foreseeable according to the EIA. Between hedging and the process of longing and shorting the commodity the impact of shale on the market is magnified and as a such other industry players (conventional) are struggling to compete with the speed at which they the shale industry can respond and also better itself.

Its not going to last for as long as the EIA say it will, production will peak in early 2020s and fall as fast as it rose. How does that effect the oil industry, all new demand is being met by shale production increases. The US is exporting that to the Chinese (recently started again) and the European refineries can handle it also. Either way there is no room for big investment decisions in the oil industry now as a result. Its brownfield and small project growth now aside form 1 major isolated case in kazakhstan where a mega project is underway after being shelved for a few years. So its correct to say that at some juncture there will be a supply shortfall. How much I don't know and as people have being spouting this shortfall was supposed to kick in by now and they were wrong. I suspect that at some point shale will saturate and become much cheaper than WTI / Brent as only so much of it is can be used in current refining processes.

I do think with the Chinese buying US crude again it will help with the inventory levels as it was before the trade spat started. That and the Opec cuts should see the price of brent rise towards 70 again and trust me that's a good price and no higher please.

How does this help PMO< it doesn't really but they have their act together compared to a few years ago when they almost sank.

sweet baby Jesus, you have been losing money since 2012. And still you haven't got over it. The admissions on this BB never cease to amaze. I wish you would make some money so we could all have a rest, between you and the other moaners I would much prefer a 100 DBNO,s. Would you whine as much if you lost money in a casino.

its obvious you learnt nothing in past year, while many of us were making money on PMO. PMO has been nothing but predictable through the financing and after, and then there was the short run to 140+. Guess you missed that too.

Anway, PMO is a great share for making money on. better than other I can find. And the beauty of it is its got a good future so if you get sopped out or in yo can just bide the time take it like a man and stop whining a scolded cat all day long.......

A proper oil company, drilling in uncertain times and preparing us for the future

played TALOS/PMO etc and significantly cheaper than budgeted

if you think he is talking about you then you are probably on the right track,