Petroceltic Share Discussion Threads

[seangwhite] 19/1/2016 11:04

My bet is that PCI will cobble together some deal with holders being effectively diluted to near zero. Big Bain will try to stay in charge on the basis of his special relationship to the Government being 'vital' to the project.
Whatever happens he is as failed a CEO as one could find in the E&P sector and that is sadly really saying something.

GLTA

[doohoma3] 19/1/2016 09:27

well said hermanz

[doohoma3] 18/1/2016 16:53

might get the Chelsea job much more lucrative and they are heading downhill fast which is good at accelerating
obranavich might buy p c I as an appetizer before the main course

[deanroberthunt] 18/1/2016 16:47

AFREN
PETROLCELTIC

Who's next for the Oil Bankruptcy Reaper?

[seangwhite] 18/1/2016 16:30

I do not think it will be with WV or any other holders of PCI shares.Wee Tom might get him in somewhere in a small undemanding role such as a security guard on night shift at the weekend.GLTA

[frost1] 18/1/2016 14:28

Manager of the mayo football team.😱

[doohoma3] 18/1/2016 11:55

sean where do you reckon brain s next meal tkt is going to come from

[doohoma3] 18/1/2016 11:55

sean where do you reckon brain s next meal tkt is going to come from

[hermana3] 18/1/2016 11:53

Some charitable person should inform de scribbler at Liberum that old fatso has upped sticks from Kurdistan after a string of dusters....

[blueball] 18/1/2016 11:23

Forget about BP these are only worth 4p imo.

[kedward] 18/1/2016 10:27

Billy, a little ray of hope??
Thanks for posting.

[rallyman2] 18/1/2016 09:01

dragon oil wanted it a 230p a share before the oil crisis , got to worth something to bank for the future ?

[hermana3] 18/1/2016 08:32

Yes and they wont want to be stuck with this management either!

[rallyman2] 18/1/2016 08:08

some oiler must want to book the reserves

[seangwhite] 18/1/2016 08:06

It ain't over till the fat man sings - after a decent payoff of course!GLTA

[shaunstar] 18/1/2016 08:02

I dont want to appear all doom and gloom but a buyer doesnt need to buy the company for £189m (£34m and £155m debt).

They simply need to make the bond holders an offer. Bondholders are facing a wipeout and will accept less than face value, so let the company be out into administration by its bondholders (who are in control now), then make an offer.

Or, pump in large amount of financing on the condition that a billion billion new shares are created and handed over (leaving current shareholders with next to nothin).

Can anyone tell me why this might be any different to other similar situations eg Afren?