Share Name Share Symbol Market Type Share ISIN Share Description
Premier Oil LSE:PMO London Ordinary Share GB00B43G0577 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +1.59% 64.00p 63.50p 64.25p 65.00p 64.00p 65.00p 209,065 08:53:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 796.4 -316.3 19.4 3.5 326.93

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Date Time Title Posts
23/10/201709:08Premier - Charts and All31,786
25/9/201716:11Premier Oil94
20/12/201607:53L2 - Observations, comments and screenshots50
16/5/201615:06PREMIER OIL BOILING UP1,163
01/1/201604:40Premier Oil 2016 - Analysts Thread2

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Premier Oil Daily Update: Premier Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PMO. The last closing price for Premier Oil was 63p.
Premier Oil has a 4 week average price of 61.50p and a 12 week average price of 52p.
The 1 year high share price is 99.50p while the 1 year low share price is currently 42.75p.
There are currently 510,823,666 shares in issue and the average daily traded volume is 3,461,806 shares. The market capitalisation of Premier Oil is £329,481,264.57.
begorrah88: john09 As badger has put a link to, PMO, as part of the refinancing package, entered a deal with the convertible bond holders whereby the bonds [$245million] have a conversion price of 74.4p and the company can buy them out if the share price reaches £1.04. Now, you wouldn't expect the CBH's to convert as they are getting fair interest but if they do then the company will have to find money from somewhere to buy them out either at the BH's choice or PMO's if the share price gets there. TD sort of hopes they won't convert, or if they do, there would be cash flow to assist and not raise capital but, as we've learned with the 'technical trading' at present, hedge funds may see a gain in converting and then funds are needed. Part of the current high short position is perceived to be CBH arbitrage where the hedge funds short PMO shares to neutralise any fall in the return on the bonds. hxxp:// The above link gives a summary In addition PMO may have to raise funds to meet the liabilities of the warrants were they to be exercised. As I say, many, many variables and TD has said he expects no more than a 5% dilution as a result of the refinancing but that may be a very rose tinted view of it as hedge funds can, and will, exploit any gain they can and they certainly have PMO share price completely under control. Good luck trying to get your head around all that.
hpcg: JOG hugely overcooked now, will drift back to 230p area, maybe lower. I for one am happy with the PMO share price, and with how Brent is behaving. If it can maintain support at 55 then we have a new range of 55-60 rather than 50-55.
marvin9: PMO share price continues to be manipulated with the blessing of TD and governing bodies. Monkey would not tolerate such behaviour and not take 1.4m for being a broken squeaky puppet
begorrah88: Investopedia is always a good source of knowledge and clarification and I will take your point fully on the chin and thank you for the education. Which makes it all the more puzzling why a sharp cookie like you, who wants to focus on profit, '.....but here an obsession with manipulation and shorters is much more important than trying to make a profit' would have sold out on the 8th of September when the share price was about 60.5p :- hpcg - 09 Sep 2017 - 15:50:36 - 30529 of 31091 Premier - Charts and All - PMO The phrase the shipping industry likes to use is "ruggedised". I must admit I sold out of my equity position here on Friday afternoon, anticipating a hurricane induced price dip. This has damaged the Brent chart and I now think it heads down again to the trend line. This will damage PMO somewhat, so I'll look for a lower entry. I only see oil going to maybe 52, but I think PMO will over react to the trajectory. Only to buy back in at 62.25p+ costs on the 20th & adding again earlier this week at 65p+ Whereas my holding remained the same throughout that period and must, therefore, be performing at around a minimum 3% better? Here's a thought:- '..hpcg - 25 Sep 2017 - 22:37:05 - 30947 of 31091 Anyway, I trust all the whingers here took the opportunity to load up whilst oil was rising and the PMO share price wasn't? Probably not, too obsessed with the minute by minute price and "manipulation" to see the big picture.' Maybe whinging and being obsessed with minute by minute pricing and ''manipulation'' is a better strategy for achieving a profit than decrying others but lacking conviction? ;-)
spacecake: Such a long wait since Oct 2011, Encore bought by PMO for 70p per share or PMO share alternative, PMO around 333p at the time. PMO share price collapse, oil price collapse, shares suspended at one point, debts, row with debt investors that went on for months, then ZAMA so I can only assume it can't get any worse from here. But then again - its an oil company so anything could happen!
hpcg: NAV_Mike - the good news is that WTI, just about, and Brent much more so, are both now in backwardation. This makes forward selling much less attractive for everyone, including PMO. This should in turn keep future supply under control. Also my understanding from Tanker Trackers that Iran has gone from 38.5mm barrels of floating storage down to 1.6mm barrels, so that's one overhang out of the way. Anyway, I trust all the whingers here took the opportunity to load up whilst oil was rising and the PMO share price wasn't? Probably not, too obsessed with the minute by minute price and "manipulation" to see the big picture.
patience a virtue: The conference was very good to listen to with more details on all aspects. TD said NAV (whichever way you look at it) is higher than the current share price. I remain a firm believer that PMO share price should be much higher hence my intention to add more.
patience a virtue: All these discussions are interesting but fundamentally the PMO share price is dependent on the POO. Once the poo starts rising so will PMO. A couple of years ago the price of copper was low and has since risen by 50% but the share prices of the cu producers have multiplied. I am expecting the same path for poo and the large oil producers including PMO.
oilandgas1: Imagine where the PMO share price would be if the refinance deal had been signed off in May17 , and OPEC/ non OPEC new deal kicks in.. with POO at $55- 57! Sadly timing is everything to boost PMO share price . should get above 65p this week with POO rising!
marvin9: Think people need a rain check. PMO share price has only gained on the back of a POO rise and not on what the directors have done within PMO. Even the rise in POO is failing to increase the share price like a failing heart beat due to corrupt blatant insider dealing! True fact..
Premier Oil share price data is direct from the London Stock Exchange
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