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Pretty standard really but as SK said,in this climate should be viewed as a little more positive. Pmo was in a fight for survival and it has done that while actually keeping in the green. Hoping for 50 p today and zama news soon.

But when they posted a sell you were happy to bang on about it then you absolute tool

I wonder if my rough calcs were somewhere near and fcf is stronger than the market was expecting. Hopefully it is,and any news on zama Sale would have us open 60p imo

That’s fair enough, I do agree there’s still plenty of risk about.
I do have a genuine interest on your thoughts as to why you think BP was a bad deal though? It’s a great asset that suits pmo’s needs perfectly imo, i would trade zama for another deal exactly like it if I could.

You have repeatedly said for weeks you think the BP deal was a bad move, then there’s an RI lurking, then corona virus wave two is here and corporate earnings will decimate the markets!!!

Than today, Your Long. Please don’t make out like I’m the one sounding silly.

I don’t care who it is as long as the have the readys. I think a bid would be around 70p mark but I would like to think we would achieve £1 really.

What with a 12m mcap? I don’t know anything about longboat but I highly doubt it

I think it’s zama news

Mm’s rinse and repeat, daily.

Recovering now dodger

Being held down, bid incomingggggg.
Like steal my wife said, co’s recognise what a deal has been struck here, 3 years time with $55-60 oil and pmo is a different company, co’s with cash will be eyeing us knowing how quick they can turn our balance sheet around with more North Sea acquisitions and $4.2 B of tax relief!

Just my thoughts personally, Mexico is corrupt, high tax, And the low cost per barrel doesn’t make up for The tax advantages and stability of theNorth Sea.
It also cuts capex going forward and will provide cash that’s needed to keep creditors happy with a buffer for these uncertain times.
Just imo, I could be completely wrong

Hope so kraken, what would the sp head to then? £1 short term imo

Tax on oil and gas in Mexico is rediculous, better to cash in and save on capex and focus on North Sea and paying debt down rapidly.

Hell of a deal, transformational for PMO imo. If we sell zama and avoid an Equity raise I’m holding out for £1.50-£2 range as soon as oil touches $60 again but I do think we will be bought out before them prices return.

Totally agree with that kenni, the RI was an option at £1.20 mark but not at this Level, TD (I hope) has something lined up with regards to zama imo, it maybe a heavily discounted sale price of $300-350M but it pays BP and puts us well in the green for the year.

Pemex will buy zama for $350m you heard it here first ;-)

Financial calendar on pmo website mate

Both wrong, 15th by the looks of it, Wednesday

I was expecting them next Friday but I could be wrong mate

Anyone else got estimates on cahflow at current prices? The more numbers I run the more I’m actually pleasantly surprised but I feel like I’m missing something now. Apart from the obviously covid nonsense of course.