Hi All,
The recent news of the merger between PMO and Chrysaor looked like a deal to return PMO to favour, and the stock initially jumped 20%. However, since then the stock has tanked again and is 30% down from that point
Does anyone have any views - it looks like a cheap recovery potential at these levels
Had previously good success with PMO and in again (today). Largely depending on oil price really. Worth the risk, oil will still be needed next 10 - 20 years. Once COVID beaten demand could skyrocket (? back to 80p + in 1-2 years hopefully)
I think PMO is much under valued.With recent merge which is positive news i expect it will bounce back soon.
