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	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

Related Shares
BP (BP.), Shell A (RDSA), Katoro Gold (KAT), Spitfire Oil (SRO)

Premier Oil (PMO) Latest News

Premier Oil News

Date	Time	Source	Headline
19/3/2019	18:00	UKREG	Premier Oil PLC Holding(s) in Company
18/3/2019	16:00	UKREG	Premier Oil PLC Holding(s) in Company
15/3/2019	16:30	UKREG	Premier Oil PLC Director/PDMR Shareholding
15/3/2019	16:30	UKREG	Premier Oil PLC Director/PDMR Shareholding
15/3/2019	10:00	UKREG	Premier Oil PLC Holding(s) in Company
12/3/2019	11:00	UKREG	Premier Oil PLC Holding(s) in Company
12/3/2019	09:00	UKREG	Premier Oil PLC Additional Listing
12/3/2019	07:03	ALNCF	Alliance News Flash Headline
11/3/2019	10:00	UKREG	Premier Oil PLC Holding(s) in Company
08/3/2019	14:37	DJN	E&P Oil Stocks Fall as Norway Fund to Cease Investment

More Premier Oil News

Premier Oil Takeover Rumours

Premier Oil (PMO) Share Charts

1 Year Premier Oil Chart

1 Month Premier Oil Chart

Intraday Premier Oil Chart

Premier Oil (PMO) Discussions and Chat

Premier Oil Forums and Chat

Date	Time	Title	Posts
22/3/2019	08:47	Premier - Charts and All	44,243
11/3/2019	10:29	Premier Oil -	820
05/3/2019	12:12	premier oil - 2018 and beyond	40
15/5/2018	18:09	PMO the catcher wave	7
21/11/2017	10:35	Premier Oil	100

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Premier Oil (PMO) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
09:56:39	91.75	839	769.75	O
09:56:20	91.75	2,000	1,834.92	O
09:55:50	91.70	6,742	6,182.29	O
09:55:44	91.70	5,000	4,584.91	O
09:54:20	91.70	10,450	9,582.45	O

View all Premier Oil trades in real-time

Premier Oil (PMO) Top Chat Posts

Date	Subject
22/3/2019 08:20	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. Read Full Thread Reply
19/2/2019 17:16	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://www.hubb.com/TradingTutors/Articles/2204/Fourth-Time-Lucky 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. Read Full Thread Follow Reply
15/2/2019 14:48	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 ? Read Full Thread Follow Reply
11/2/2019 10:50	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 Read Full Thread Follow Reply
30/1/2019 17:51	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. Read Full Thread Follow Reply
02/1/2019 12:14	datait: PMO share price has been well overdone hence why Goldman sachs increase their holdings. Watch as this will soon be back over £ Read Full Thread Follow Reply
19/12/2018 10:25	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. Read Full Thread Follow Reply
28/11/2018 11:28	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 Read Full Thread Follow Reply
23/11/2018 20:52	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 Read Full Thread Follow Reply
22/11/2018 19:16	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. Read Full Thread Follow Reply
21/11/2018 09:34	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. Read Full Thread Follow Reply

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