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What's pmo's break even price for brent?

Can pmo survive at sub $40 brent?

Arnold do you mean like 11th december drop to 40p which had no bounce on the day.
Then proceeded to have a 4 day rally to 67p?

I had a limit order set @ 55. Just my luck it was a fraction off triggering and then whooooosh its gone

Thats not what my isa account with HL is saying.

Anyway dnbo werent you in tlw @140+ lol

Grippa your just bitter you didnt take a punt on TLW on 11th December after the 75% drop the day before.
Any fool could see it was oversold.

I have no regrets not being in pmo. As sure as night comes after day i know good old pmo will hit the 67p mark AGAIN at some point this year. It hasnt failed to do that in last 3 years so why stop in 2020? :)

Grippa like SK i made more money trading tlw in december than i woulda done woth pmo.
Buy 45 sell 65 vs buy 90 sell 100 you do the maths!

I still dont get why this is going up buying assets. Where is TD getting tue monry from to purchase this?
Was TD lying AGAIN about reducing debt? Whoda thunk

I dont visit this board anymore because im sick and tired of the rampers and derampers that influence decisions people make.

Said rampers and derampers have their own agenda who couldnt give a flying f**k about if their fellow pi losses money so long as thry get what they wanted.

And i go back to reference 2017 when bond holders were converted to equity. What was the short position at its height just before the conversion? What was the effect on sp during that time? What was brent price at the time? Fast forward to 2019 and pmo now has around 5% of all stocks shorted. Is the sp following the same pattern as in 2017/18?

So if sp is rising now are you saying shorters are closing their position (ignore price of brent that has no affect on sp).
Anyway sod this board. Might poke my head in again in 6 months time

Ok i take it back. Just been on short tracker.

If it werent for those pesky shorters this sp would be 1000p.

Is that better and closer to your narrative?

Brent 57 not 67 LOL

So aparently this is in the grips of shorters....
Ok i will give you thr benefit of the doubt and lets say its the same as 2017 and theres 15% short position on pmo.
WHY is the sp hovering at 73p with brent on 67. Middle of august for the same price on brent i was able to scoop up pmo between 62-67.

Are the shorters having some kind of spastic episode and decided its not worth dropping this to the same price as in august?

Come on give us an explanation.......

Mrc sure i cant ignore that. However which has occurred more often since 2017. 67 to ~90 or any "low" point to 140 since jan 2017.

The 140 anomaly is what you want to bet at $80+ brent!!
I sure as 5h1t cant see that happening with trump being a bit of a mad man

You cant really go wrong with buy at 67p sell at 90p rinse and repeat.
Ive seen this pattern since the dilution after bond holders converted

Been in meetings all morning so couldn't work out why on earth pmo has shot up today when everyone else was in the red. Quite a pleasant surprise reading that 1/2 year report which is in the right direction (thank god I jumped on board last week in the mid 60's after taking an almighty spanking with Glencore).

Hopefully my nerves hold and I ride this upto £1 =)

Yeah the pressure is on. It's not like the Tories would have eldc onto that seat had the Brexit party not fielded a candidate =)

Overall vote in Brecon was more voting for a remain than leave......

Damn those pesky shorters dropping this by 10% in 2 days!!

Isnt this the old vwap from a year or 2 ago woth thoae pesky bond holders that shorted this bugger. Back then didnt pmo have a 15% short position lol

Not worth jumping in just quite yet. Still in the high 60s...

Bulen74: "If this hadn’t have fallen last week for no reason we would have been way past 120p today .... if we had started the day over 100p which it should have been we would be heading towards 200p on today alone"

Naaaaah it woulda been 1000000p

Question is if the yanks do wack the tariffs on tomorrow. How low will poo go and therefore how badly will pmo get battered.

I jumped ship in March when this started its rise up. So I missed out on the 106 club because I wasn't sure how brexit would an out (would we or wouldnt we leave on 29th March no deal).

I won't hesitate to jump on board if this drops to 70 or below

Bulent, how many people lost their homes in 1992 when we joined the ERM - pre cursor to the Euro?

I suppose that was all for the greater good right?