Re: Catcher news from PMO It's not just PMO s/p that's too low, there are LOTS of oil stocks out there that are priced too low now imho.. ironically the Chairman of Amerisur - one that is way, way too low now imho - was complaining recently that the premium that was attritubeted to having no debt a couple of years ago no longer exists.. so it's a confused market place ot there at the moment.An issue that should not be underestimated imho is that Institutional Money has not come seriously back into O+G yet because they still/yet don't see Brent as a north of $70 medium term sustainable thing - mostly because of Shale, but alternatives somewhat too - and they do see Brent at $55 - or less - as readily enough possible again.. therefore each company will have to report over a 'few' - eg 3 or 4 - quarters that they are Meaningfully NETT profitable - read very significantly in PMO's case for meaningfully as it has so much debt to pay down - at Brent in the $55 to $65 range... and we're say in the second quarter of this challenge now and many UK co's only do half yearly P+L reporting/updates too.. and then some or many significant re rates of O&Gers will occur imho - and M&A - A is in assets sales as much as companies sales - will kick in and help that process imho..
Re: Catcher news from PMO At least 30 million bucks on that tanker then..Goes to show the scale of pmo now yet the market still sees it as an ugly duckling that'll never pay it's debts off
Re: O/T Syria. It must be getting confusing Not at all. 'My enemy's enemy is my friend' is a frequent motto in this part of the world, and this is a prime example.You can also see Saudi Arabia in league with Israel against Hamas. Plenty of other examples.EC must be very young.
Brents on the up again. Now $65.58. More Middle East war news no doubt putting the frighterners on the market.Not surprising seeing as the Russians ans USA are only a small mistake away from fighting each other directly.
O/T Syria. It must be getting confusing who to actually point your gun at. What a farce. Headlines say the Syrians are sending troops to help the Kurds fight the Turks. Complete madness. Must be the heat.
Re: Laughing/crying out loud Zama discovery is irrelevant currently, as it's only had a single hole drilled.No company is going to assign it any value given no reserves have yet been defined.You need to wait for some appraisal drilling.
Brent crude @ $65.34. I would have thought PMO's sp would be more like 78p but never mind.
Laughing/crying out loud The share price can only be described as a laughing stock right now... I am buying more in anger at the blatant games being played on with the share price.There is no way on earth the full risk off premium has been added In when you think about...Debt restructuring Asset salesProduction ramp up with catcherZama discovery Jeeeeeeez
Re: Off Topic Ramp. Gatwick today.Aberdeen and not Glasgow.Flybe don't do Aberdeen...I have begun looking at Flybe.... Soton airport is doing very well.Thanks for the heads up.
Catcher news from PMO "Catcher 2nd export cargo of c. 515 kbbls successfully completed lifting on Sunday at 10.30am"Straight from their social media account . Onwards and upwards .
Re: Off Topic Ramp. Don't worry about Solgold Disorder.. just look out the terminal window and see a gift horse staring you in the face on the Gatwick runway... and if that's not obvious enough you actually then go and flybe.ps; don't forget to buy your beers on board the plane - if possible - instead of in the airport beforehand... get this recent small rally turning into a big one
Re: Off Topic Ramp. You were waiting for your flight?
Re: Just Saying [link]
Re: Just Saying Has the 2nd Catcher shipment//offtake completed yet
Off Topic Ramp. I titled it as off topic.I also hold Solgold. ( SOLG).As does another poster from here.If anyone has spare time, then I would encourage people to research it if they are looking for other investment opportunities.At sub £1, I consider it bargain giveaway territory.Like I said. Off topic. Dyor etc etc.