Share Name Share Symbol Market Type Share ISIN Share Description
Premier Oil Plc LSE:PMO London Ordinary Share GB00B43G0577 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  +2.32p +2.83% 84.32p 11,357,958 16:35:16
Bid Price Offer Price High Price Low Price Open Price
84.16p 84.34p 86.36p 83.00p 83.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,095.86 124.05 13.57 6.2 692.8

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Date Time Title Posts
24/5/201920:39Premier - Charts and All45,312
07/5/201917:55Premier Oil -821
23/4/201912:48premier oil - 2018 and beyond41
15/5/201819:09PMO the catcher wave7
21/11/201710:35Premier Oil100

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Premier Oil (PMO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-05-24 17:28:1484.2729,53424,887.12O
2019-05-24 16:36:4184.2924,65820,785.21O
2019-05-24 16:18:0784.173,1262,631.09O
2019-05-24 16:14:3484.2236,96131,126.71O
2019-05-24 16:12:2083.8215,15912,705.67O
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Premier Oil (PMO) Top Chat Posts

Premier Oil Daily Update: Premier Oil Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PMO. The last closing price for Premier Oil was 82p.
Premier Oil Plc has a 4 week average price of 81.80p and a 12 week average price of 72.10p.
The 1 year high share price is 146.90p while the 1 year low share price is currently 54.70p.
There are currently 821,641,042 shares in issue and the average daily traded volume is 11,722,267 shares. The market capitalisation of Premier Oil Plc is £692,807,726.61.
montevid: GS still manipulating the PMO share price with the other shorters. At $71 per barrel the PMO price should be clearly higher.
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 ?
marvinridesagain: Why is such anger centred against me? All I am doing is stating the obvious share price manipulation being made by Jabbas insider shorting sewer rats. Share price is being kept low just before yet another comical rights issue. This will yet again crucify the share price and enable a cheap sneaky take over by yet another one of jabbas puppet masters. Resign Jabba, only then will this share price depression end. PMO should be at least £1 now!
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.
markymar: Is the Premier Oil share price now good value, after 50% fall? 2018 was a bad year for Premier Oil (LSE: PMO) shareholders. The £540m firm’s share price has fallen by more than 55% from an October high of 143p, to just 62p at the time of writing. But while many of us were guzzling mince pies and turkey, takeover activity has been ramping up in the oil market. In the run-up to Christmas, North Sea firm Faroe Petroleum (LSE: FPM) received an offer from Norwegian firm DNO. And when markets opened on 2 January, the Ophir Energy (LSE: OPHR) share price rose by nearly 35% when management confirmed that takeover talks are under way. Today I want to take a look at the latest updates from Faroe and Ophir, and ask whether Premier Oil could be the next company to be targeted by a larger rival. This offer seems too low to me DNO’s attempt to buy Faroe Petroleum has triggered a war of words between the two firms. Faroe management said that DNO’s 152p per share bid is “opportunistic and substantially undervalues Faroe”. In contrast, DNO thinks that “Faroe has failed to deliver consistent shareholder returns over the last 15 years” and suggested the firm could struggle to realise the full value of its assets. In a statement on Wednesday, Faroe said that an independent valuation of its assets suggested a fair price of 185p to 225p per share. That’s 22% to 48% above the existing DNO offer. My view: I think DNO’s offer of 152p probably is too low. But there’s no guarantee it will offer more and the offer could still fall through. I’d sit tight, but would not buy more Faroe shares. Ophir surges 35% as talks confirmed The share price of Asia- and Africa-focused oil and gas firm Ophir Energy flicked higher on New Year’s Eve. When the City returned to work on 2 January, the company issued a formal statement revealing that it’s in takeover talks with Indonesian firm Medco Energi. I’ve written about the potential appeal of Ophir’s assets before. Today’s news has lifted the group’s share price by more than 30% to about 47p, but as yet there’s no guarantee that Medco will make an offer for the stock. My view: I think Ophir shares could still be cheap enough to offer an opportunity, but there’s still a risk that no agreement will be reached. I’d hold. A Premier buy? One thing both Faroe and Ophir have in common is that they have low debt levels and plenty of cash. This isn’t true of Premier Oil, where net debt was expected to be $2.4bn at the end of 2018. The company does have a plan in place to repay borrowings and also has the support of its lenders. However, last year’s oil price slump could slow the pace of debt reduction. And the firm’s high level of debt means that management needs the approval of lenders for any major investment decisions. This could restrict the company’s ability to grow. My view: I think a potential bidder might decide that it could squeeze more profit out of Premier’s assets if the firm was freed from its debt burden. In my view, the current depressed share price could trigger an opportunistic bid.
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: Absolutely no doubt PMO will survive.When you get situations like this with the share price being hammered I always think of the old days when I would read the FT.I would look a various share prices then look at the year high and year low.I would think to myself how is it possible that a share price can move for x to x them back to x in a year.We are seeing exactly that with PMO.From 65p to £1.47 now back to 64p.Same will happen in 2019.Maybe it will be news from Zama or oil will stabilise or even some takeover talk but the share price will recover.
Premier Oil share price data is direct from the London Stock Exchange
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