Member Info for Rookie1

Foinaven deal?

I’ve heard this about 5 times now over the last 2 weeks. Anything to sell a story and spread fear. There couldn’t be anymore lockdowns so it’s irrelevant. It will soon be apparent that poverty and delayed life saving surgery’s will heavily outweigh any supposedly covid deaths. The whole things been a media hype job from day 1

Hi mate, in simple terms it’s because of our future decommissioning liabilities.

Our CEO has been very open about future costs where as most companies are not. Therefore the market treats us like we have a heavy debt hanging over our heads when we certainly don’t. Would we be able to borrow up to £1B against current assets if these liability’s were not manageable ? I don’t think so.

It’s these liabilities and the (to some) uncertain future of oil that has us valued so cheap. That’s basically all this comes down to, if you believe oil still has 10+years Lifespan of high demand you will struggle to find better value than RockRose ,jadestone energy or serica imo.

Also don’t forget the gaffer owns 27% ;-)

Good luck

may see some negative news before markets open on monday

Please tell me your just trolling now

The fact dbno has openly said he doesn’t hold any pmo yet spends his days on this BB bashing it says all you need to know.

Don’t forget cotton field aswell, another Arran by the looks of it but with lower capex I would think given it’s location? I’m sure AA will be negotiating some good terms for that deal at the minute.

Apologies for the Ill placed punctuation on that post.

I actually thought that post was skitting DBNO but I might be wrong.
But I agree kenni, this bb was complete doom and gloom yesterday and I don’t care what anyone says, bb posts will influence some new investors on the likes of this mornings drop to sell into it, lose a packet and then to watch it recover.
Today everyone is very rosey about the future because they got their buys but they don’t care who lost money to get it.

Annnd I should have sold,brilliant

Good call munchy old boy

It’s just crazy that people sell into these dips

Holding onto my long. Take that as you will

Got I’m this Morning at 115 for the bounce, will sell at 120. I just have no idea where this is heading now, 110 or 130? I kind of feel like yesterday was needed as a reality check but now that’s out the way will it return to 130 quickly? I was very bearish before the initial rise but now I’m not sure.

I see we won’t recover with the rest of Oilys. The joys

If that is true, then we’ll played that was a great swing to catch.
Can’t understand why you never closed them two with your pmo last night though?

Ftse looks like it’s found a foothold, everyone knew that sort of data was expected so should bounce Back well,I hope

F me this is rediculously oversold

3% isn’t fine by me. A total of 16% off is an absolute joke!

11% drop is taking the **** a bit I would say.

To be fair with today’s sell off pmo has held a good range and I can see us looking strong from here, everyone could tell the markets in general needed a breather and today was it.