||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Parkmead Share Discussion Threads
Showing 10026 to 10049 of 10050 messages
|Not long to wait for the finals (mid November) my view is it will surprise the market positively. From June 2016 going forward cash generative which for a junior Ollie in this market can't be too bad can it?|
|Not long to wait for the finals (mid November) my view is it will surprise the market positively. From June 2016 going forward cash generative with no debts which for a junior Ollie in this market can't be too bad can it?|
|But each BOE cost almost twice to produce as PMG receive. That's a loss situation.
At the interims cash used in operation was £11m.
Cash on hand was reduced from circa £41m to £29.6m
PMG need to vastly improve that before PMG is am investible proposition.|
|Regarding North Sea oil, PMG has attractive licences. They have decided not to commit capex in 2016 due to the macro climate, but rather to increase cash flow via the Netherlands gas fields production. Capex in the north sea and hopefully significant oil finds, will likely take place in 2017 at the same time as a more economically attractive oil price. I think that this is a very sensible strategy.
It would also not surprise me is PMG we're to take up some current ENQ assets at some stage. ENQ's debt is unsustainable.
I am a large holder of PMG and expect them to become a very significant independent producer of oil and gas over the next decade.|
|I sold my toys along time ago and bought pmg. We can all assume if clnr are into have a stake in skerryvore ( and no money )why not TC adding a chunk of cluff to there southern gas fields and paying for a drill.|
|Will PMG join Cluff with this Gas find? i do feel they could do a lot worse than take a share of Trillions of cubic feet of Gas in The North sea!|
|Ziblot i fear you have me all wrong, i am not slating PMG just stating facts, Hendersons have reduced their holdings, Faroe are walking away from the sour oil as it's too expensive to extract and bring to market with oil prices as low as they are, PMG will now hold 100% of PLD, yet Cluff natural Resources were only brought to my attention because of PMG, i have my majority of holdings now in CLNR as PMG are still messing with oil, when it's Gas that TC should be actively seeking out, i know he is in The netherlands, but he needs a company changing find like Cluff just have, be reasonable stop throwing your toys out of the pram Ziblot, look at companies rationally, do NOT fall in love with PMG BIG mistake. good luck fella!
|Mick Here is the quote from FaroeAs part of the high grading of its portfolio, Faroe is withdrawing from the Perth licence and relinquishing the Lowlander licence. The Company had previously written down to zero the carrying value of its interests in both licences.Perhaps PMG will go after them but the cost of getting the oil will be very costly unless the oil price jumps ( which it could do in the medium to long term) IMHOHarry|
|But if FPM have given it up, does that not mean the PMG now hold 100% of the licence?|
|They did not say they had sold / transferred it just given it up|
|So I wonder who now owns Faroe's stake in Perth and Lowlander. I presume that stake has now gone to PMG - surprising that the company hasn't made an announcement today.|
|See Faroe have given up their stake in Perth & Lowlander at a time when PMG are increasing their holding in Perth seems strange IMHO|
|TRD, you've never changed; you'll say anything to get in cheaper. Nothing has changed either concerning pmg. Why should TC drill Skerryvore in this environment? Everybody is in the same boat and being careful with their funds. I have no doubt Thomas will make a move on a company or assets when things improve. I really hope its not with clnr but you never know do you?|
|Henderson Global bought CFD's in PMG in July. It looks like they have been transferring to a subsidiary for the past month. In all probability the group holdings have increased. Nice flip as they were bought in the low 40's and sold @57-58p. A good example in a holding notice do exactly opposite as to what it is intended to do, that is add transparency.|
BW were (are) a bit of a cowboy outfit.|
|Basically it was a right balls up, TC got greedy didn't see the oil price crash coming and got the largest share of closing down costs on his ass! Had to do a share agreement with the ship owner for extraction to cover costs,|
|Talking of Athena, what happened there.
Have taken my eye off PMG recently.|
|RNS today, Henderson reduced their holdings here, that doesn't look good in my opinion. Must be to do with Skerryvore! Selling before the RNS is released in November! Naughty!|
|Not looking good here for PMG, no one wants to commit to spending, or they simply just can't raise the funds to do so, I think PmG will lose this as I can't see them taking 61% as they would be exposed like they were at Athena oilfield, hopefully they learnt a lesson there!|
|DECC entry for P2082 Skerryvore does say initial term expires 31.12.16 and has the ownership down as Atlantic 30.5%, Dyas 14%, PMG 30.5%, Verus 25%. PMG recently acquired shares in several licences from Atlantic, but not as far as I can see the Atlantic share in Skerryvore. Verus had offered their stake to Cluff, indicating that they don't want to pay their share of a drill, PMG could have had Atlantic's stake but then would have 61%, perhaps too much without a further farm down?|
|Pull the other one!|
|And the impact of weakening sterling.|
|Encouraging bounce in PMG today, presumably due to improvement in oil price.|
|There are updated external research notes dated from 14/09/16 if you haven't already read them.