Member Info for Popeye62

Alright Sharetrooper. I'm glad to see that you're in. I'm out completely out of PMO. I sold last Monday at an average of 77.3p. Made good money. I had a nice touch on these, I sold @ 97.2p. Bought back in last Friday @ 87.5p! I Was 7.5k under water at one stage! Looks like there coming back a tad. Good luck. Popeye.

granto - I hope you're right about Rockhopper. I've bought 100k @ 35.25p. Brent is up over 3%! At this rate Ophir may even go blue! Fingers crossed. Popeye.

granto - I agree it didn't make sense. They were virtually out of money and had commitments to Noble. I've just read an article in the FT stating that hedge funds have shorted WTI and Brent to record levels. I can see a huge squeeze coming on the price of oil, similar to late August, when the price went from 42 to 54 on Brent. With a Russian aircraft being shot down by Turkey, and reports of Russian troops on the ground in Syria, I can see mayhem breaking out in the middle east. Popeye.

That's good news, if the Tanzanian government want it fast tracked. At least it gives Ophir some negotiating strength. I have to admit though. They are very sneaky underhanded individuals. They don't give a damn about their people. They are only interested in lining their own pockets. Oil seems to be stable today. granto. Are you in any other oil stocks at the moment? I see the poor FOGL shareholders got shafted today! Good luck. Popeye.

granto. Their assets and cash exceed their current market cap. With regards to the share buy back programme. Why are the shares held in treasury? In my opinion, they should have been cancelled. It might be a good idea to do that now! Entry and exit, is always key. I think I may have jumped back in a little too early. Oh well, hindsight is always a wonderful thing. Good luck. Popeye.

granto. Thank you for your reply. The good thing with Ophir is no debt. In Nick Cooper's own words "It was time to take some off the table" The timing couldn't have been better when they sold the 20% stake. When are you coming back in granto? Good luck. Popeye.

downbutnotout. Well timed buy. Hopefully we're now at the bottom. Good luck. Popeye.

granto. Thanks for the reassurance. At least the rot stopped today! What you say, all makes sense. Do you think OPEC will cut production in December? They've made a little bit of noise about it today. If they were to reduce it by just 1m a day, it would make a hell of a difference. Popeye.

granto. I bought in last week @ 91p and sold @ 97.2p. I made 6k. I bought back in again @ 87.5p. So I've given 4.5k back! Silly boy! The wolf always comes back! I can't see that they will announce any rns soon either. Let's hope oil pushes up and it gets dragged up. Good luck. Popeye.

I hope so. Hopefully we should bounce off this low. It's nothing like the oil companies within the ftse 250. The CEO is extremely shrewd in my opinion. The two recent drills, were only given a slim chance of success. So I don't think it warranted a 15% drop in the SP. Have you been holding for very long? Popeye.

granto. I agree. But it does beg the question. Why did Pavilion buy in? The current market cap is less than half of what they paid for their stake! It doesn't add up. Perhaps it's wishful thinking, but I wonder if the price is being manipulated, and will then rocket. Good luck. Popeye.

Well over sold imho. I had traded it really well in the week and made some serious money. I bought in again on Friday, 2 x 50,000 buys @ 87.5p. I thought they were very cheap buys! I was suprised to see it fall further. I did notice on Friday that someone was continually pushing the sell button, to be immediately replaced by a buy. Looked like someone is desperately trying to work the price down and then picking the stock up. Let's see what tomorrow brings. GLA. Popeye.

Looking good today! Will it get back over a £1?

Finnharps1 Are you still holding this stock, or have you sold the other half? I'm surprised at the lack of discussion on this board! Is everybody still on holiday? Kind regards Popeye

Hi Finnis, I'm heavily into this stock. Didn't get in at 40p! Though I wish I had done. I bought in recently prior to them announcing the Musgrave deal had been approved by the CMA. I managed to buy a big wad at 1.62. I had a large HSBC holding and used the funds from that, so I'm doing ok at the moment. I topped up on Tuesday. I'm also a big fan of Charles Wilson. He is one of the most respected CEO'S in the city. I personally think the SP has a lot of legs left in it. The price they paid for Musgrave was an absolute steel. The market is pricing the stock assuming the margins will be circa 3%. I think there margins from this aquisition will be more like 8-10% purely on logistics. Very interesting to watch the current trades go through. It's itching to break through the 1.80 though. I would be interested to hear your views. Regards Popeye