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I’m not saying where this is going but any rise in oil and this could shift very quick, nice gap to fill from 32p -60p. Many country’s opening up again and solid cuts in place to support oil prices going forward, not to mention the decline in shale which will continue even at $40.

Yeah well don’t listen to me!lol
I had my buy order set at 105 and it just didn’t look like it was coming, I buy at 108 and it ****s itself to 105,couldn’t make it up. Haha

However I don’t think this is going ballistic anytime soon as the impacts of covid are yet to be seen but I wouldn’t bet against 115-120 if there’s talks of lifting our lockdown.
Germany is a concern so will keep a close eye on that, although I am a believer in these lockdowns need to be lifted ASAP. Secondary deaths will heavily outweigh virus deaths because of this.

Could be the new base, I’ve bought back in at 108 for the next leg up.

Can you believe this SP?

Calle this bang on, I sold early today at 105 and missed out on a great chunk of profit.
I will sit and watch with buy orders set at 105 again,lol
Well done all who made money today.

What I don’t understand is Rockrose is the ultimate fit for premier oils portfolio, producing the same as sheerwater, pmo could buy us for half the price and take all the cash, basically acquiring 22k boepd and 69m 2p for free.
I would still want £25 a share bare minimum though even in this climate.

Maybe I didn’t make it clear enough.
They are buying shearwater $650M
Rockrose more production all the same perks. $350M would buy us.

Please do talk my through how if they try renegotiate Shearwater to no avail they couldn’t afford rockrose?

Jesus I think you missed the point I was making, why buy sheerwater over RRE? Not both

Not really because AA does t want more oil,or £1.9B debt, where as PMO do want a uk based 22kboepd producer for FREE. Rockrose would transform PMO in 4 years with their tax credits.

What I don’t understand is Rockrose is the ultimate fit for premier oils portfolio, producing the same as sheerwater, pmo could buy us for half the price and take all the cash, basically acquiring 22k boepd and 69m 2p for free.
I would still want £25 a share bare minimum though even in this climate.

Have to agree munch, now is the time to strike. I actually see oil at 50-$60 shorter term,like q4 this year but who knows!

As I expected, this lunatic is completely serious.

I really hope so

10p hahahahahah what a complete and utter moron.

He values a company with £370M in cash and 22kbkepd at £1.3M
I’ve seen it all now.

I have to agree, apart from the deal looking very expensive to me now isn’t the time to take on more debt, much better buys to be had for that money.

Yep called it wrong it wouldn’t shift despite closing above a resistance.
Barny I just looked through your posting history and it appears your actually invested in, er, nothing. You just go around BB’s spouting nonsense, I presume pretending you have the means to invest? Very sad existence really but each to their own.

Charts look good for a continued climb from here, £10 even at current oil price is very doable.

Thanks NEW, very much what I was thinking aswell,AA is definitely lining something up here.

Can anyone explain these surety bonds? From a quick read it’s just an insurance against decom liabilitys to free up restricted cash going forward?

Should give some confidence to investors, minimal capex left to cover and strong hedges in place until September