Providence Resources - PVR Stream Log

Its just feeding itself but should bounce back with any news or even small support of the company by shareholders with buys

There has been no update from the company. Global oil prices is the only thing that have changed. I think the sp is working on expectations theory. Small shareholders worried. No appetite to buy and so when you see the price drop like this you think you have to sell as someone knows something etc

[link] the down turn is out of PVR hands it is the global oil market knocking the price. 83p is a steal and anyone selling at these prices surely have no balls

Shadow, your thoughts ???

Spuddy, it's downright scary. I console myself that the volumes are low. There's a part of me that consoles myself in the belief the deal was agreed just over 2 months ago. If you remember there were large buyers in the market every Friday for about 4 weeks on the trot. Volumes topped 1m.

@ Mmmm - Hynotoad posting to a different board which feeds through to this one. He can't see your comment. Agree, until announcement one way or the other, we have to ride the storm.

Without actually saying it, I think all the indicators given by Providence and in fairness LOGP, San Leon (and even Fastnet and Cairn who are not party to B'roe) are that a deal will be done and done in time to allow drilling on a number of prospects in Irish waters in 2015. As such deal is probably done and awaiting legals/regulatory.

Good morning Spuddy, another slow day watching the PVR kettle I always start the week with high expectations and they diminish as the week goes on. Mainly due to fact I doubt they would announce major news to markets on a Friday. Looks like we're out of luck this week. I posted a while back that I had spoken to business editor of national newspaper and he said oil companies totally control what info they release.

Evening Spuddy, would be great !!! I see Hypnotoad also mentions Exxon past due to announce future work program for Dunquin.

[link] interesting article regarding Saudi and current oil prices.. The Saudis short term strategy won't last for long.