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At close today Brent was over 51, now nearing 50 - a red start tomorrow but hopefully opec+ could turn it blue

What was the comment on free cash flow? I noticed in the results there was no target range for FCF, just said it would exist.

With covid19 hanging over the world economy it’s always going to be a rocky ride.

2 billion dollars not pounds BDNO - instant 25-30% reduction!

Whitebox did increase their short yesterday, so not everyone sees an increase in SP.

If the debt restructuring gets the go ahead on the 6th and the 17th you would think the upward pressure would force ARCM to close - hedgies do have amazing ability to wait till the very last moment however.

On a different note WTI opened down 2% and hasn’t recovered much ground so not much joy for tomorrow morning. We need the covid19 numbers to turn towards fewer infections and more recoveries. Will take a couple of weeks at least if that is what’s happening.

So with Warren we get a big boost in oil and America’s first Native American president ;-)

Her other policies do make her unelectable however, mirroring Labour in the last GE.

https://www.arcgis.com/apps/opsdashboard/index.html#/85320e2ea5424dfaaa75ae62e5c06e61 Gives some interesting charts. Looks promising to me but I’m long! Diagnosed flattening out with recovered catching up. Also Wuhei has x70 more diagnosed than anywhere else so it is the epicentre in an authoritarian country which is putting the place on lockdown (if a little late to start with)

Not sure about a bounce in SP Thursday as so much is dependent on what covid19 ends up doing. The risk is still there and very hard to draw sensible worst/best case scenarios- that’s precisely what brings down global investment. Imagine PMO will have to put caveats in their plans to mitigate the uncertainty and that waters down the impact of future plans, for now at least.

Executing such a major part of PMOs long term strategy in the middle of a global pandemic was probably not in the plan! Just after covid19 starts to subside would be good, lots of equity investors ready to go back in. Just hoping the climb back happens at a similar pace to the climb down.

Viruses generally prosper in cold damp environments for various reasons. So given the northern hemisphere is moving through spring and on to summer this will help a lot.

Coronavirus ain’t over yet! Bumpy start tomorrow.

Poo down, PMO up - what new crazy world is this? Now news out today is there?

By only 0.12% but it shows they have the hang of the reporting thing, which is nice ;-)

Cheers jw61 and Plebeens - that sounds reasonable and much more positive than the FT. They do have to sell papers I guess!

So after the 12th assuming the vote approves the refinancing, there is a court case March 17th being brought by ARCM to see if the original refinancing deal clause giving ARCM a blocking vote can be invoked.
Anyone got any info on this? It sounds much more important than tomorrow.

They’re targeting anyone that will listen!

Take a look at Tesla to see how hard it is to sell high in a squeeze, down nearly 20% today.
Have a think about what level you’d be happy with if it happens to PMO as the peak won’t be there for long!

Given Brent is around 55 and pmo is just north of 100 is pretty positive- market must still believe Corona effect will be temporary. Depends on how much China is covering up and how much we actually find out it is covering up!

Just waiting to hit the peak for Corona virus then BAU, hopefully before the 12th to give us a fair uplift from the debt rescheduling. Easier said than done however.