The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That's what the coal industry said 20 y ago...look how well they've done :) got to change with times, even if its window dressing and small actions. the action plan will accelerate with time as investors shun black oil companies and go with thsoe that attempt to improve and have much deeper pockets to ride out any storm. look at the macondo spill.
The only good news is Chyrsaor have hedged 2021 production at 60$/bbl and this extends to pmo production too once/if agreed. Put your money in bp and wait 1q
It's only going down im afraid, massive shareholder dilution. surprised it has nt gone red yet. Its only going down until the prospectus is available in Dec / Jan and new market cap agreed by the board. All other discussion here is bs frankly IMHO DYOR
defo not on their list to develop, will ahve a long hard look at first.dont hold breath
prem will end up with no more than 5.45% of new combined group
dilution by all but name
thats why the sp premium has drifted down to 7%, this may still go down more if / when share dilution info becomes better defined. HOLD IMO
I make it 23p but its a bit iffy still
10p soon
and the PMO share news article above states....buy PMO at 16:29h on the 4th Nov? :)
Premier's biggest creditor, hedge fund ARCM, held an auction for $200 million of Premier's debt last week at 72 cents to the
dollar but attracted limited interest, according to a source close to matter.
Whole sector was down yesterday, still need good news I'm afraid, see below from reuters
* Oil majors eye steep losses for September as crude prices are set for their biggest monthly drop since March
* Brent crude has lost ~10% in September, on course to snap five straight monthly gains
* Majors Exxon Mobil Corp , Chevron Corp and Royal Dutch Shell PLC set for 14%-16% monthly drop, their steepest in six months
* European oil giant BP PLC is down 14.3% in September, set for its worst month in over 10 years
* France's Total SE on track for monthly decline of 10.8%, its biggest since February
15.995....
The positive impact of any financial deal is already priced in, otherwise this would be 10p already. It's the continued uncertainty of finances and lack of world oil demand that are dragging this share down. IMHO this sp will bounce well, just not this quarter! Still time to watch from the sidelines before the buy...
with libya on stream again, the chinese buying iranian oil at discounted prices, no further economic recovery insight and covid ramping up everyhwere Im afraid you're looking at 1H 21 before we get anywhere near50$. Q1 is when you buy pmo at 10p or lower IMHO.
10p here we come. until deal is final IMHO
All the ping-pong, extension of covenants, increased production from Solan, Andrew is already built into the 16 p sp. With current oil price and sick world economies this sp is only going downwards. IMHO until there is a firm swing in the general outlook. Its not happening this quarter IMHO. Still waiting for 10p
I'm waiting for 10p or below...
At least we know how much more it will drop :)
Time to go all in GLA
I understand the newly drilled Catcher well showed good results in the well test. More production for Q4, roll on tomorrow's TU
GLA