The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Presumably then Pat, PMO is currently valued on the volume of oil it can actually sell in the oil market a descent price, rather just how much it is pumping and the price of oil. In other words without demand the oil price is irrelevant.. but then again the oil price refelects predicted demand, I thought. Head implodes. Still, situation improving every day now.
Thanks Kenni, yes it makes no sense to me.
In the morning I will check the bottom of my frosties bowl for direction, and advice everyone accordingly!
I am really surprised we are stuck below 30, with such a huge uplift everywhere else, brent, ftse etc.
What will it take to budge this ?
Even my EasyJet shares are taking off!
Over $35?
or is this chart misleading me ?
https://tradingeconomics.com/commodity/brent-crude-oil
$35 being a magic number for PMO I seem to remember?
Doubled my holding @26.5
"You can't take the sky from me"
Unless a big meteorite lands next week
Not loking so stupid now
I have just bailed out @31.85, 3k profit banked.
Just scared the oil price lift will be short lived, hope I am wrong for remaining holders.
"A US$500mln share issue will fund the deal, which also included changes to its existing loan terms."
What does that actually mean in simple mans terms?
https://www.proactiveinvestors.co.uk/companies/amp/news/918422
Oh now it sais 30.48, thats even better I was seeing 29.9!
1/10 of a penny out!
What a great day, hurray, hurray
fantastic it is kenni! soon be $24, another $6 and pmo is pumping money again :)
brent $23 now, just $7 to go and PMO inprofit all all oil, hedged or not
More likely today!
Just a few dollars more (well 8) ans PMO into profit prodcution again.
Splendid :)
Brent and PMO up two consecutive days.
Come on Borris get the engines running and stop fannying anround.
If it is Brent then we could look at how many days we are below 30$ a barrel.
Looks like -
16th march to 2nd april (17 days)
14th april to date (10 days so far)
total so far 37 days below break even.
However 40% hedged so you could say 60% of those days are poor, simplisticly.
So that means only 22.2 days PMO has been below break even, so far.
Perhaps another 15 days below break even, but again minus 40% so thats 9 days.
So in total 22 + 9 = 31 days below break even, a month say.
So to me that is profit for the other months, in variable degrees, so I think break even for the year is way too conservative.
IMHO
Forgive my innocence, when they say break even at $30 a barrel, is that the Brent or Crude ?
Seems to be Brent tracking today again, like a shadow
Back to work is THE only only option.
Wear PPE masks and gloves at work and out of home.
Create factories that churn the stuff out big time for a year.
All of us take a risk just the same all as all of the brave nurses (my wife is one of them on the front line).
Otherwise the banks will fold with loan defaults and the entire world's ecominc system will completely collapse.
People will die, but far more will die from world starvation as a result of system collapse.