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Premier Oil Share Price (PMO)

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
  +2.50p +9.26% 29.50p 29.50p 29.75p 31.00p 24.75p 26.50p 8,111,716 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Oil & Gas Producers 1,046.0 -246.5 -25.9 - 150.69

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Premier Oil (PMO) Discussions and Chat

Premier Oil Forums and Chat

Date Time Title Posts
10/2/201621:51Premier - Charts and All11,391
09/2/201607:48L2 - Observations, comments and screenshots21
06/1/201622:53Premier Oil81
01/1/201604:40Premier Oil 2016 - Analysts Thread2
13/12/201519:05PREMIER OIL BOILING UP1,161

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Premier Oil (PMO) Top Chat Posts

mikesnr1: I wrote on 19May2013 (PMO Post3783)seeking an explanation for the apparently inconsequential nature of broker recommendations. I was advised politely to ignore them! Against my reasoning, it seems I certainly should have, but didn't. Still utterly perplexed, may I re-present the case and ask for serious consideration and comment? I'm a relatively unsophisticated investor whose feeling of powerlessness in the relentless devaluation of PMO prompted me to 'check out' the purpose of our (i.e PMOs) brokers. Those accredited are ALL MMEs/brokers/dealers. Frequently I'm told glibly "The market (market maker?) sets/influences share prices, not broker recommendations". But 'our' brokers ARE market makers by definition. And brokers. And dealers. And presumably advising their clients on the merits of investing in PMO to achieve the target price? So I choose to follow their advices. Todays count:15 Strong Buys;1 Buy; 2 Neutral;1 Strong Sell. The buys vary from 385p to >500p... Latest recs:- 09 Dec 2013 Finncap Buy 405p target 10 Dec 2013 Barclays Buy 555p target 11 Dec 2013 Goldman Sachs Buy 430p target ...And yet I've got it all wrong. --------------------------- Might I make comment on other contributions from the same board:- Dr.Biotech, 22May 2013 Post3787 "Specifically to PMO the share price will always be more dependent on the oil price and drilling results than broker forecasts. Trying to predict those two is somewhat difficult" The average price of Brent Crude 01January/11December 2013 has been about US$109.5, varying by only 14 cents (depending upon ones sources). According to the PMO Investor Presentation of 12December2013 "(This year)6 out of 7 exploration wells proved successful, and PMO delivered on portfolio upgrade". During the same period the PMO share price dropped from 400p to its present 4-year low of around 292p The reasoning behind your statement appears not to be borne out by the facts I'm genuinely sorry to say;equally perturbed that it should be so. --------------- buywell, 2May2013 Post 3713 (accompanied by PMO share price chart) "I think RKH will drag PMO below 300p" Buywell, I want to congratulate you on the many 'pessimistic'(for some!) but consistently accurate predictions made of PMOs share price. I assume you are a chartist? Your forecasts henceforth will be eagerly anticipated - by me at least. Will be obliged for any input you care to contribute. Thanks ---------------------------- Am about to berate the CEO for the appalling downward spiral this year. I don't expect a reply though. He'll be busy spending my £80k losses (since the EO.buyout)on buying up more acreage off the Falklands!
blackchampagne1: agree - look at Tullow or Enquest - very similar debt stories both trading much better than PMO over last 2 weeks. Plot the charts and you can see where PMO disconnects due to 25 exit. Clear as mustard falls in PMO share price down to reshuffle. Should trade strongly with that burden lifted. Anyone looked at Enquest? Forecast to exit 2016 with more debt than PMO!!! They have less production and less reserves. Go run the numbers. PMO are in a far stronger position than Enquest yet not many doom sayers on that BB. Lost of talk about 3.5mln barrels hedged but that's aimed at north sea production. All other production at very low opex prices - no need to hedge. Asia just $12per barrel. Read PMO's December presentation on website. Shows no real movement in debt in 2016 - e.g., cash flows pay for all opex/capex costs. Look at Enquest - debt set to rise from $1.55bln to $2.3bln!!! Enquest market cap is about 160mln. PMO's near 200mln. That's clearly wrong - PMO are set to do 75kbopd - Enquest set for 45kbopd and opex higher as all north sea based. I suggest doomsayers head over to enquest bb - that company is in bigger trouble than pmo. all your arguments are best attributed to that stock. pmo are suffering from 250 exit but next week will be swimming with the small cappers with new funds forced to buy. Oil price due a little spike up soon me thinks.
fsawatcher: i reckon they will farm out sealion or izzy licence once chatham is sorted. they have effectively confirmed this in previous presentations. Noble might be interested and rkh/fogl merger makes it easy to manage the pmo share price is a bargain if you believe in oil being higher than $60 in 2017 it's not going bust with $1.2bln in funding /cash available. Solan is all paid for (debt) now its time to get some cash back from that when first oil flows. Even if they breakeven of come up short on the $2bln spent its not going be far off the $2bln spent. Not ideal but just paying the debt at mo is worth millions to the share price
laserdisc: the pmo1 bonds have risen since suspension, although risky they must be getting backing from banks. The differential in relation to pmo share price has widened following suspension
strategicinvestor2: OPEC expecting oil price to start rising and if it doesn't by February an emergency meeting will probably be called. Just catching up on this news - can't see PMO below £1 for long as countries get together and broker something for the benefit of all. I expect PMO share price will be marked up 1st thing on Monday...
spacecake: Why is the share price going down ? What has to change to make it go up ? Who is going to do that ? When are they going to do that ? or Is there life elsewhere in the solar system ? Where is it ? Does it know about the PMO share price mess up ? Could they help things here ?
strategicinvestor2: Katz. cuts production. Shale producer cut back. Great for poo and PMO share price.... And
spacecake: There is a very strong correlation between brent and pmo share price, however drawing lines on a historical price chart to predict prices in the future is a folly. Should I sell now and repurchase in the future at a cheaper price ? only to find some random event sends the price up and further away from where I sold. That gambling. At some point (this year, next year, next decade!) the global oil imbalance will sort itself out. Currently, Mr Durrant and others are responding to changing market forces and IMV doing a good job. I guess (not a prediction!!) it's going to be a very long rocky road to happiness.
spacecake: Expensive risky behavior, all that trading costs money. Difficult to understand and as you say unusual, but, the stock market can be unfathomable at times. I try not to think about it too much and over the last twenty years found that not trading too often makes more money than flitting about from idea to idea. PMO share price seems more correlated to the oil price than any of its own actions.
bakunin: QuePassa long, so the Midas touch should send PMO share price up. But, today sold the last tranche of what I picked up at 126. Cushing, sanctions, contango, ... Big feeling of massive manipulation gone almost badly wrong. Inventories reports will probably now get manipulated for a few weeks with all the high-profile, trumpeted new longs (and yet Andy Hall's fund only returns 3.9%). The point-of-no-return moment is only about 4 weeks away, though. If it comes, crude going to at least $30. In which case, PMO will go way below 126. Starting to feel a bit like 2015 could be systemic crunch time for the oil+gas industry in the same way that 2008 was for the banks.

Premier Oil (PMO) Latest Trade

Premier Oil Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
44,830 26.90 10 Feb 2016 16:50:09 GBX
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