Member Info for Peltata

Has anyone looked at shorttracker? PMO on 20+%!! Has one company consolidated many short positions?

Someone knows something we don’t, Zama bids are in and looking good?

Surely Mexico wants a payment of some kind since Zama is located there. Not suggesting African gold mining level shenanigans but palms need greasing?

Has this come out yet? :-)

You mean 36.5 billion barrels per year? 100 million per day

Putting the effects of the latest protests to one side. Petrol in Iran is 10p a litre!!! People bilking petrol stations here would do better driving to Iran to fill up their modified vehicles plus they’d get a bit of a holiday thrown in.

(Maybe a VIZ letter, but it’s Sunday:-)

Nothing new new, debt is close to crossing 2bn, a psychological barrier:-) still, after TLW yesterday this is an update with no surprises either way- just hope all the interest in zama materialises.

PMO is a minnow in the oil world, any drop in oil before results is just coincidental.

Now they have pulled out of conservative seats the chance of a Corbyn govt is receding with banks well up today (metro excepted :-). After a conservative election win snapping up metro would be appealing to many banks, no?

So an investment now might bag(prob more than) on a TO bid or all the reports fizzle out and we’re back to 200ish? Sounds like the upside is outweighing the downside by some margin.

“start voting for Corbyn if you want the (19)70s back.” :-)

DUP know this! Hold out till the very very last moment.

It’s like waking up in a parallel universe in which PMO goes up as Brent goes down

Would remain sceptical until Boris confirms. Coming via a Scottish court also implies the SNP are behind things.

MBS talking up oil prices merely strengthens his influence over Trump

Everything looks good except debt and oil-price volatility. The debt being specific to PMO. So with a Zama sale it’ll be interesting to see the size of the increase in SP as this gives a ballpark figure on what further debt reductions will bring.

Looking at 2018 results, debt was 2552MM and interest 372MM so an approx interest rate of 14.5% !! A zama sale of 400MM then means a reduction in interest payments of 60MM. So the gross profit would have been raised by around 38% - that’s got to be worth a bit on the SP and it sure doesn’t look priced in at present. A company with a MC of 656MM with 200+MM profits sounds like a great investment but alas in a risky sector.

Was filled easily by bod chums - but no appetite this time with the bond?

Waiting for zama

I did wonder if it was the Houthis or a PMO LTH ;-) or did GS decide is turn the tables on this one...