I don't really understand the chicken....16 Sep 2019 16:32
run today. Very disappointing for all shareholders - lost all and more that we gained last Friday. Looks like a lot of those sellers are expecting bad news this week - why else would anybody want to sell in the 7s let alone in the 6s? It's the chicken mentality that I can't quite grasp.
RE: The longer the wait the better.16 Sep 2019 15:37
Well m/p if it tanks on good news…. As you say it's a gamble - what else is new? As d/h mentioned you'll be out of the picture if you give up at this point - a decision you have to make. Hope you're not in loss territory.
RE: dosent petro china produce 17000 barrels a day12 Sep 2019 15:31
apunter2: If (for the right reasons) Velociraptor is delayed - that could actually be a good sign. Once the PM machinery is fired up and delivers revenues there is no longer a need to to get the crowbar out in order to fulfill all scheduled and pre-announced drills.
Private_Investor: Completely agree. It's been said several times on this board that a scientific approach to making any type of statement regarding the SP development simply doesn't work and would be anticipating certain key (and yet to happen) events which is pure speculation.
I would have to agree with Matadorian. Whether justified or not: The market considers the COS with RD to be low. Low enough to sell off their shares although it seems fairly clear that Heron-1 will be successful. This may just have to do with PM's success rate to date - who knows.
If today's trading day displays the market's...10 Sep 2019 15:16
love for successful oil exploration it would be logical that PM's confirmation a commercial oil find with Heron-1 would put the SP under even more pressure! What (the heck) are you investors interested in?
RE: RAMPERS have been caught. Insider Info and Sell Off10 Sep 2019 14:40
alwaysbeclosing: I am used to reading a whole bunch of stuff but your post @14.07 is one of the most stupid and idiotic I have come across. "Certain shareholders know something" but "the PI's are always the last to know".
Who are you? You come across as a mentally ******ed person. Posting from your clinic?
Well, 451 trades and 341+ posts later....09 Sep 2019 18:30
here we are @7.6p. My take on this: If it weren't for Red Deer the SP would be in the blue. Maybe not as much as we would like but still in the blue. Clearly, once the oil flow testing on Heron-1 turns out to be positive, the SP will jump upwards. A potential Red Deer failure is (by now) fully factored in. To me at least it looks like blue skies ahead! A bothering fact I reluctantly take note of is that this market is still swamped with short term traders. Once PM proves to be an oil producer I honestly hope that will change for the better.