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 Shares Traded Last Trade
  -2.65p -2.81% 91.75p 1,300,938 09:54:48
Bid Price Offer Price High Price Low Price Open Price
91.55p 91.95p 95.10p 91.65p 93.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,095.86 124.05 13.57 7.0 753.8

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Date Time Title Posts
22/3/201908:47Premier - Charts and All44,243
11/3/201910:29Premier Oil -820
05/3/201912:12premier oil - 2018 and beyond40
15/5/201818:09PMO the catcher wave7
21/11/201710:35Premier Oil100

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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 94.40p.
Premier Oil has a 4 week average price of 72.10p and a 12 week average price of 56.10p.
The 1 year high share price is 146.90p while the 1 year low share price is currently 54.70p.
There are currently 821,571,139 shares in issue and the average daily traded volume is 9,958,817 shares. The market capitalisation of Premier Oil is £758,310,161.30.
whiskeyinthejar: Marvin went on about all this before last trading update, and one before. The story goes that because share price isnt doing what we want, then shorters must be fraudulently being fed inside information by pmo. Have to say it doesn't follow. So what was this negative information in the last trading update, or prior one that insiders knew about before and retail didn't? Was it that debt targets are being met? Or was it that Catcher was over performing? I can't see that there has been anything that insiders could've been fed that was any use to them. Genel has a similar chart to PMO. It has similar risk on/off behavior too. It's share price also halved from last year's high to a low at end of December. Since then its share price has recovered, but has got stuck under £2 in same way pmo is has met resistance at 80p. Are Genel shareholders speculating they have insider traders controlling their share price? Ironically a former Genel director was done for insider trading, but i haven't seen any speculation on advfn that Genel CEO is engaging is criminal activity. Perhaps because Marvin doesn't post on Genel. This whole idea that one or two players can control the share price of a large company is bogus imo. In short term with deep pockets or high frequency trading an institution can push the price how it wants. But if wider market is moving in opposite direction all that happens is they'll lose money. Like a football being pushed into a swimming pool, shorting it down against buying pressure doesn't work. It's simple imo- if there's enough buyers in medium term the price goes up. Looking at chart, i think Pmo hit a double top at the beginning of January at 80p. We all know the Gann theory that double top signals a loss of confidence that share price is ready to go higher. And so it's proved, confidence had flagged. Other part of Gann theory though, is that the 4th try at breaking resistance level usually succeeds. Link as I guess many will say I made 4th time lucky theory up! hTtp:// Gann published 286 of his trades in advance in a newspaper. About 90% of them came off. I don't think anyone on advfn can trade this well. Absolute legend. Anyway doesn't matter too much, 4th or 14th attempt, I can wait. However, I can't prove the fundamental reason why we failed to break 80p in January. But IIRC: - it coincided with brexit vote which May lost. The chat then was a general election was option and therefore the prospect of a Labor government more likely. Corbyn wouldn't be good for north sea or Sea Lion approval imo and uncertainty is always bad. Since then option of early general election seems to have faded. - it coincided with Times article. timing was bad as it came at 80p inflection point. - share price had risen by about a third in three weeks. That's a fair bit in a short period so bound to be profit taking - brent was only $60. I haven't done the numbers but UBS have and they calculate at $60, pmo is only worth 77p NAV with the upgrade to the Catcher FPSO. The other part of this is that UBS calculate that with Sea Lion approved, Zama, appraised and Brent at $80, NAV is £2.90!! So there's an arithmetic reason why we are so geared to oil price and why the share price halved. No need to resort to exotic theories then. Occam's Razor anyone? Anyway, I think it's a reasonable opinion to believe someone else could run pmo better. He's 60 this year, must be near retirement. More difficult to understand is why Marvin wants to fist him in the car park at Nandos though. But i think Durrant leaving right now would be disruptive, Durrant will have lot of business knowledge and several projects are at key stages. Also the company strategy is tied to the BOD rather just Durrant. It's not like a AiM oily where the CEO is key, bigger oil is more of team game imo. So him leaving won't change strategy and operationally, PMO are now performing well under Durrant. Anyway I think the pmo specific problem that weighs on the share price is their strategy. They have so many options to sell assets or grow in Mexico, North Sea, Falklands etc. that it looks like they lack a plan. Big thing then is getting FID on Sea Lion and outline plan on Zama. Zama development should be cheap as they only have 25% of cost and intend to use appraisal wells already drilled as producers, but lots of uncertainty about plans and whether Zama should sold etc Unfortunately no listed company will tie their hands by ruling out a placing.But I don't see need for pmo to sell Zama or do a placing unless oil sinks badly. I'd say the possibility of pmo selling off assets in a fire sale has actually weighed on share price in past. They wouldn't get a good price if they sold Zama or SL undeveloped. Seems unnecessary, because if similar performance to Q4 continues they should be able to pay down more debt from cash flow this year than they'd get for Zama. However, what I think they should do counts for nothing, but imo Premier needs to clarify their story. Then they can up the PR and can say to institutions invest in us because they have a clear plan and certainty of funding in place to implement plan. They can say 'we're going to make pots of cash in Sea Lion', instead of woolly current situation of final decision hasn't been made. It's also my personal preference not to invest in exploration or the wait between discovery and funding in place. However once you have funding sorted, I think you can make good money waiting for first oil and the project to be priced in. Anyway, I think more clarity will come in next update in March and there ought to be significantly more interest in PMO with FID for Sea Lion sorted. But I think to see real value here you'll need to wait another 2 years for first oil at SL and Zama, not 2 weeks. Sorry long post.
rbonnier: What has got to happen here for the pmo share price to recover to a more realistic valuation ? Oil price recovery hasnt worked so whats going to snap the elastic bid story in the sunday telegraph ?
montevid: GS is manipulating the PMO share price with its controlling CFD position of approx.6% as well as the shorters: Shorter - Current Percentage - Effective Date AHL PARTNERS LLP - 2% - 2019-02-06 WHITEBOX ADVISORS LLC - 1.11% - 2018-12-18
seangwhite: POO going up lifts the PMO share price as we all know. Any hint of a rights issue will knock it back. The BOD were slow to react to the last rumours and not very proactive on the promotion front with the institutions.Let's hope POO keeps going up as the current BOD's efforts are fairly hopeless as shown by the share price graph.
datait: PMO share price has been well overdone hence why Goldman sachs increase their holdings. Watch as this will soon be back over £
mercer95: Dean if you follow any family tree back far enough we all originate from some foreign country,more often than not it’s the different religions that don’t mix to well not the races but I’ve given up worrying about all that, got enough problems with the PMO share price.
fitton: I was hoping to get out of PMO at about 80p and switch into Hurricane at 40p but PMO now 69p and HUR 45p.Been in here for a long time but my patience is really being tested.The idea that PMO is not likely to be a takeover target is rubbish.Its about the assets minus the debt.Oil assets near 1b barrels and producing .At this moment in time if the PMO share price is linked to the oil price then we are wasting our time.Another good Zama drill could up the anti but as it stands its a fingers crossed situation, not because I think the company is in trouble more so the endless shorting with little or no back stop.I was expecting the share price to be nearer £1.20 as probably most investors here.Whilst I am moaning, why on earth is the company considering a £1.5b investment in Sealion when it cost $45 to get it out the ground.Sell it
marvinridesagain: Lodge, it depends on how soon you need the money you invested. PMO will come back; the assets speak volumes (Not the capability of its CEO) and will drag the share price back up at some point, but not until Jabbas insider mates have taken their pound of flesh. The oil price sends PMO share price up or down. Jabbas sewer rats determine how the share price performs. Hang in there, im in the same boat as many; lost a fortune due to insider corruption. If the insider sewer rats close shorts then PMO will pick up, if not it will fall further, simples
whiskeyinthejar: PMO share price doubled in 6 weeks from the beginning of April. So we've seen PMO behave like this before. The volatility and liquidity attracts traders making it even more volatile. MBS will meet Putin at G20 meeting next weekend where they are expected to align positions for the upcoming opec meeting. Trump will be there too if it isn't raining.
markymar: They are at a very advanced stage with sea lion and expect news Feb time...nothing changedOil price will correct itself so will pmo share price especially with news of drilling in Mexico soon.
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