Ok, I'll be patient, maybe its margin traders leaving etc.
I've had PPP for nearly 2 years, can't believe it has first oil being pumped out in the worst market conditions for a while :(.
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Ok, I'll be patient, maybe its margin traders leaving etc.
I've had PPP for nearly 2 years, can't believe it has first oil being pumped out in the worst market conditions for a while :(.
Strange to see all partners shares down today though. Anyone know anyone on the rig.....
I think its simply market sentiments coupled with a few investors a bit shy about hector.Quote:
quote:Originally posted by Onthemoney
Strange to see all partners shares down today though. Anyone know anyone on the rig.....
Yeah I am keeping a watch on this looking for re entry in a big way....
I've also being following PPP awhile and have chipped in the odd $10K over the past fortnight between 37c and 40c while my ave price is still around 27c. I'm willing to keep buying but possibly should now wait until we are down to 33c with the Aussie market now at 31.5c. With the oil flowing and Hector just 2 weeks away surely there will be a lift while Hector drills closer to the 3000m. I think a strategy of buying big now and selling down half immediately before the Hector result is known has alot going for it. Surely there is a quick 20 - 30% to be made? Possibly place a series of downward bids from 36c - but then there is brokerage. Any thoughts?
Be very careful with potentially negative news about Tui in the pipeline.
Really?
Oh dear.
Thanks OntheMoney - have you some news you would be prepared to share?
It's obvious, really. If the expected flow rate of 50,000bopd would have been achieved, the JV would now be bragging about it.Quote:
quote:Originally posted by Paint it Black
Thanks OntheMoney - have you some news you would be prepared to share?
It may still happen, but it has not so far.
KB
It will take some time to get up to max flow rate of 50,000bopd.
They always said it would be more like 30,000 & we havent been told the initial flow rates yet.