Member Info for Rookie1

Steal my wife isn’t as bitter as me,40k in the red tends to do that to you though,
However I do see the positive side long term.

Extremely heavy issue of equity about to hit the market in the coming weeks and it hasn’t been priced yet, the CEO likes to watch LTH get shafted you see, and then line the pockets of the bigger boys while doing it because they are all that matters :-)))

It’s so much fun.

Based on my absolutely nothing may I add. May aswell join in with spouting random numbers and target prices.

Oil $42 by the close of play today.

Hi Anthony

Apologies for the delay in getting back to you.

Unfortunately, we are not privy to whether the FCA ever launched an investigation into the lack of short disclosure by ARCM.

The size of the equity offer we announced relative to our market cap is large. This together with the fact that we were unable to price it at the time of announcement resulted in the share price reaction we have seen. As Tony laid out in his interview with Malcolm Graham Wood yesterday it is our view that any discount for the equity offering is already priced in. Therefore we would expect the eventual offering price to be on or around the screen price at the time of pricing.

You can listen to the interview here.

Kind regards
Elizabeth

Figures I mean, I know what it is, I think.

What’s API guys and gals?

Golden badger, post rec

Ffs give it a rest will ya SK

Do I say it?
I’m confident after that interview the sp could recover to mid 20’s this week with a placing at 20p region The week after next.

I tweeted Malcy this morning and he basically asked my question word for word about the ARCM short which was good to see.

I still think TD has had a stinker here and not played this well but I do also think his hands are tied. We will be a different co going forward from here alsong as oil recovers. Throw in a zama sale and you never know where this could be in a years time.

Is oil dropping off the back of the Iraq non compliance situation? Bit over done isn’t it.

Dbno back on the bear side now? Lol, entertaining if nothing else. Plus side is that must mean oils going to have a bull run

You did openly declare a short pre results and you called it bang on, as have many others. I called it right from 19p months ago and then wrong ever since. I just don’t know where this is heading but I think it’s fair to say no one does that’s all I’m saying. TD has played this shockingly imo I just hope he can pull a rabbit out the hat yet.

I have a construction co myself and although materials were a struggle 2 months ago they aren’t now, prices have gone up a little but that actually means the exact opposite of lack of demand, they need to ramp up production (more fuels)to catch up with demand.

Saudis are not happy at this oil price and they have openly admitted it several times, they want $60 minimum, Russians maybe, but they can’t supply the world nor would they be allowed to the way the poison who ever the opposition is.

Flight loss’s will impact demand but I would argue by the time you factor in people driving more cars separately(avoidImg puplic transport) and then the fuel used to drive around the uk on holidays there will be little if any difference at all.

To say peak oil has arrived or not is well out of my level of knowledge.
No one really knows what technologies are in the pipeline to take over from oil But peak oil or not isn’t really relevant because once peak oil does arrive, investment plummets and when investment plummets,so does supply and everyone knows oil will be needed for 10-15 years minimum yet.
We might be using 10mboepd less by then but with the last 6 years lacking trillions in exploration investment alone imagine what supply is going to look like by 2025, even worse if peak oil has been achieved.
For this reason I don’t believe the price of oil will ever drop off a cliff but more phase out quite gently as supply decreases but so does demand.

I rate some of your posts funky but the last two weeks have been constant bombardment of derampimg clearly just looking for a cheaper entry, you just post worst case scenarios every time! The situation pmo definitely is not rosey and I’m not happy about it but try be a bit more balanced.

There’s no demand? Are you stuck in April? Lockdowns been and gone pal and consumption is back.

Your repeating yourself again happy.

Yes if you think the oil price won’t rise then your obviously not going to invest here or any other oily are you, it’s not rocket science.

Oil might may be a unfashionable now but that is due to humanity’s ignorance and naivety of how we survive off the stuff. Oil is not going anywhere and we are back to chomping through it like We were pre coronavirus now only with no new fields coming on line and serious lack of investment over the last 5 years.

Will oil recover?
YES=there’s still great value at these levels post RI
No= obviously don’t buy oil stocks then.

Simples

SK is the new happy/Dbno until they buy in then they change their opinion over night.
I’m as ****ed off as anyone here but I can still see the value to be added from debt reduction and quality asset I just don’t like the way TD has approached the situation, all seems to much in favour of ARCM again and I don’t trust the bloke anymore.
That being said pmo could be a completely different animal this time next year if oil can touch mid $50’s which I think it will.

Krack I will be joining you and writing to them aswell, I suggest we all do.

Of which they deserve absolutely **** all.

Why’s it **** itself the last couple of days?