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Never heard such a way of evaluating, so a share is always judged how good it is performing, by comparing to other oillies. In my book it will always be judged on its own merits and not that of other shares.
So the fact something not dropped as much as others means it's a good day really for PMO.
For me it's a good day if I make money and it's a bad day if I lose money. LOL
Where's Grippa, when you need some ramping and positivity to make you feel better in your mind but not your pocket.
Hold long and strong I hear him say, TD will get us out the sh*t. He is the Messiah, when oil plunges, he has no control, what's he going to do though.....
Keep taking his salary , that's the answer, as nothing is his fault, even though he recognises the SP should be £1.50 according to Grippa. Give me a job TD , easy money.
When things go well ...down to TD
When things go bad ..... Down to oil price. Like it.
Members, PMO down 2.61% (72.91) I dont call that marginally down do you........ well into 70's is 77p and above....you mean low 70's dont you ?
There is always a chance of a rebound, you live with hope and luck with this share.
Trouble is with shorts adding to the drops, anything is possible now. 3% a day can be substantial over a week or two.
Oil dropping and did not tale long to have shorts all over this. The slightest reason and they on PMO like a pack of rats, making their millions again. How low will they take it this time, that's the question.
And as API and EIA keep getting different figures, some numpty should get rid of one and save the time and stupidity of it.
I mean who has 2 reports, one always differing from the other and both getting paid for doing a sh*t job.
Its like having 2 x weather reports, one always wrong but they happy to confuse everyone by having two. The world is full of stupidity.
i.e. They have put in numerous traffic lights up one of our main streets for health and safety for people to cross, .....but all they have done is slow all the main traffic down with back logs as a result......and the people still cross wherever they can away from the lights....hardly any use the lights as they cannot be bothered to walk down 50m. The world gone mad !
Has been up only 4 out of 16 days, so 25%. So using as average, 75% of the time, we are generally down i.e. .....that's what makes it such a depressing share to own.
Same **** different day yet again.
When does this finally turn the fing corner. Just a constant drain.
Saudi could have turned this oil a little with some more thinking and planning. They wanted oil up, yet told everyone oil back to normal i.e. going into surplus !
Normally they lie through their teeth, so they could have lied just to keep oil up a little, certainly until dec at their next OPEC meeting, where they could have announced cuts. To be honest they deserve dropping a few billion in revenue, idiots they are !
And we know oil will drop before their stupid meetings again, as it always does beforehand. They should just have 1 meeting a year.
Yes Grippa, will be the captain always staying with the sinking ship.
I agree, if you can save a few % on the way down, why not these days. You make more trading this dog than staying in. If I'd sold again at 79p I would be better off myself again.
Nothing wrong with traders, it's where many make their money.
Which explains the more than average drop no doubt.
In all fairness I think we can be in for a long wait with these parasites on the back of pmo.
They been on since January and look where the SP still is.
We will have euroclear stock on loan in few days, let's see if it is over 26% still.
Same **** different day.
PMO still under control of the shorters. Even though people in denial of this.
If no sign of Zama sale for a while, which has been suggested on this BB, then could be a long wait stuck in the trenches, getting battered.
Deja vu
Just cannot keep its gains. API 5m draw and nothing.
12 months ago this would have taken oil up a dollar or two.
Nothing at the moment seems to help oil. The market seems to want it down, so that's where it seems to be heading, whatever the news.
And oil now on next leg down at 58.67. WTI dropping more than Brent (-0.98%), WTI at 53.27,(-1.48%) so going to affect shale again.
Just all looking very weak at moment out there.
Makes you laugh that these media stories come out threatening oil may come at the highest level, in the meantime oil tanks down to the lowest level for a while.
The only facts really are what the oil price is on a daily basis and what our SP is. They are the reflection of the actual market.
I have never seen media stories that conflict each other, as in the last 12 to 18 months, which proves, most is just BS to sell papers etc....
Oil having a wobble again, since its 4.30pm.
Trump and OPEC are the 2 saviours that we now need some positive news from, in the meantime.
Trump unlikely, as he is a count, so down to OPEC. Come on OPEC, lets be having you ....announce some cuts, or you may have to drag oil from mid 50's if you let it just drift as it is, with no news. Waiting until December no good guys. :)
Refinancing I understood, they were going to do 12 months earlier i.e. during 2020, so they don't have the delays and uncertainty like last time.
I guess they will want the Zama funds in the bank before they agree new terms, as that should take a bit of interest off the new loans they will be agreeing. Also the banks will then have some concrete figures to work on.
I certainly think it should be worth £1.20+ now, so they need to get this Zama sale through asap (given their limitations).
In fairness I would be very happy with £1.50 , delighted with £2.00+, although my initial target is £1.06 /£1.07.
Relying now on Saudi + OPEC to get some cuts done, so they can stabilise oil above $60-$65 and Trump the count to sort this China deal, then we should have some stability at least, which is what it needs to get us through this year and 2020.
Grippa, you better be right ! (I know you work with TD, so will have your good insight LOL)
Seriously, what price do you think in your estimation will be
end of this year
March 2020
Dec 2020
Be interesting to get your thoughts.
Just had a look, weird...... 2 exact same trades on various amounts. Very odd, were they selling into the rise.
I don't get how they managed such a good price on those amounts, normally there is a much larger spread involved.
Am sure we will find out in next few days, what it is all about, but very strange, why someone offloading that many.
Time / date Buy / sell Volume Price Value
12:11 - 01/10 Sell 2565400 77.94p £1,999,472.76
12:11 - 01/10 Sell 2565400 77.94p £1,999,472.76
12:11 - 01/10 Sell 1409100 77.94p £1,098,252.54
12:11 - 01/10 Sell 1409100 77.94p £1,098,252.54
12:11 - 01/10 Sell 1237500 77.94p £964,507.50
12:11 - 01/10 Sell 1237500 77.94p £964,507.50
12:11 - 01/10 Sell 1133783 77.94p £883,670.47
12:11 - 01/10 Sell 1133783 77.94p £883,670.47
12:11 - 01/10 Sell 1059100 77.94p £825,462.54
12:11 - 01/10 Sell 1059100 77.94p £825,462.54
12:11 - 01/10 Sell 693200 77.94p £540,280.08
12:11 - 01/10 Sell 693200 77.94p £540,280.08
12:11 - 01/10 Sell 379800 77.94p £296,016.12
12:11 - 01/10 Sell 379800 77.94p £296,016.12
Agreed, the SP been holding up well last couple days, when oil dropped. Nice to see a little recovery in oil price.
Cannot believe SP is green after that drop but will take it any day of the week.
Good luck all.
Groover, the fact they have to take the London stock exchange to court, just i to identify who were the people that were shorting , says itself everyone is trying to hide unscrupulous going ons , in share manipulation, even from bodies you think would have to be squeaky clean.
The stock market is full of corruption.
Be great to see the end result.