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
  -0.74 -3.57% 20.01 8,141,333 16:35:18
Bid Price Offer Price High Price Low Price Open Price
20.10 20.19 21.00 19.91 21.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,194.92 77.29 15.01 1.4 185
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:57 O 303,966 20.05 GBX

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Date Time Title Posts
22/1/202101:51Premier - Charts and All52,736
03/11/202015:48premier oil - 2018 and beyond72
10/10/202008:00pmo by end of 20192

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Premier Oil (PMO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-21 16:35:5820.05303,96660,945.18O
2021-01-21 16:35:1820.01207,67541,555.77UT
2021-01-21 16:29:5220.1010.20AT
2021-01-21 16:29:5220.1091.81AT
2021-01-21 16:29:5220.109418.89AT
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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 20.75p.
Premier Oil Plc has a 4 week average price of 18.21p and a 12 week average price of 10.77p.
The 1 year high share price is 116.15p while the 1 year low share price is currently 10.02p.
There are currently 925,532,676 shares in issue and the average daily traded volume is 7,182,512 shares. The market capitalisation of Premier Oil Plc is £185,199,088.47.
grupo: FWIW BP vs Premier Oil: which oil stock would I buy now? Stuart Blair | Tuesday, 5th January, 2021 | Oil stocks were some of the worst performers among UK shares in 2020. This is due to the collapse of oil prices caused by the lack of demand. Worries also abound over the future of the oil industry, and BP (LSE: BP) believes that oil demand has already peaked. This has led to its ambitious renewable energy programme, announced last year. However, this is not the view held by everybody, and BP’s US counterpart, ExxonMobil, expects demand to climb until at least 2040. This is due to rising incomes and population. Is it therefore a good time to buy oil stocks, and if so, which one would I buy? Premier Oil will soon ‘disappearR17; Subject to shareholder approval, Premier Oil (LSE: PMO) is shortly going to be renamed Harbour Energy after a reverse takeover by private equity-backed Chrysaor. This means that Chrysaor will soon become a publicly traded company without the need to go through an IPO. As part of this deal, Premier’s stakeholders will own up to 23% of the enlarged group and current shareholders will hold only around 5.5%. It will also create the largest independent oil and gas company on the London Stock Exchange. Due to the tough environment for oil stocks at the moment, particularly smaller ones like Premier Oil, I believe this is a shrewd move. This is because it allows the company to pay off its large debt pile. The debt of over £2bn has held back the company for years, and previous plans to pay it off included issuing more shares and buying BP assets to generate more cash. I believe these had a number of problems and taking the tiny stake in Harbour Energy seems a preferable option. But while this makes Premier Oil a more tempting buy, I’m still not going for it. It may be a shrewd move for the firm, but the fact that Premier’s stake of the merger is extremely small means that it’s not worth a considerable amount for shareholders. With oil stocks currently under pressure, I also struggle to see the reformed company flourishing. I’m leaving it on the shelf for now. The oil stock I prefer Even after the Deepwater Horizon oil spill in 2010, the BP share price was still higher than it is now. This highlights the pain inflicted on the firm throughout the pandemic. However, as a leading energy company worldwide, I still remain bullish on BP shares. Indeed, the company has already made “a commitment to return at least 60% of surplus cash to shareholders through share buybacks, once BP’s balance sheet has been de-leveraged”. This accompanies a dividend currently yielding around 6%. The BP share price therefore looks far too cheap to me right now. Of course, the company will face significant headwinds over the next few years. For example, BP’s debt is still too high and lockdowns around the world should continue to depress oil prices. But I believe that Bernard Looney is a competent leader and the renewable energy transition shows progress. Questions still remain over whether this will make BP more profitable, but I’m willing to take the risk. Stuart Blair owns shares in BP. The Motley Fool UK has no position in any of the shares mentioned.
surfit: Hi Andy, thank you for the input. All good points. My thoughts: The decom aspect is a significant cash draw and with current oil prices those owning those asset are not building the decom funds they expected. Chryasor bought into the North Sea initially at a high (from Shell) and their original business model will, like all oil companies, be under pressure, although the conoco philips deal was IMO not bad as it increased its gas exposure. Note Cheveron and Exxon made big moves that way (LNG) early but MAYBE not due not to just enviromental but the asia proximity and demand. I do though think decom is getting more effcient, still in no way cheap but the vessel and rig costs have dropped significantly from the highs of 2013 The assets they hold are pretty standard unlike for example the Shell Brents and their unique Gravity Base Structures. I have been looking through to see what their plans are on those other than they bought from Conoco Philps (that they knew would need decommissioning). I have not been able to find information on any other dates on end of life of their current assets. What I do see is the likes of Everest, Lomand Amarda and Judy/Joanne etc etc as continuing as hub assets, this being by addtional field "add" through drilling programmes. This success as always continues to hinge on: The hydrocarbons or gas actually being there of course. It appears to be working "so far". Significant Tax credits and further assets many recent i.e Catcher..the PMO killer Solan, Tolmont (despite the PMO partial farm out) and then of course (true to PMO form of unlucky again) Zama and of course the fingers crossed do not hold your breath..Sealion. Success continues as ever in the OnG business to hinge on price of course. Just my opinion of course and hope that at 20p the great and the good have now built in the merger price. Irrespective of this new South African Covid strain and potential for panic or real world health and economic affects. Again thank you for your fincial /money markets prespective. I remain a hold but hope its not creating a picture of: Sitting in a dark room with eyes closed and fingers crossed. (-: Its essential to TRY and continually risk assess investments and PMO have as you have said got themselves here by thier own desperation or inabillity to secure the right credit back at the start of their asset purchase errors. How much was spent on Solan and Sea lion? Very best Sft
surfit: Would the shorts or sentiment be affecting share price at this point. When "Premier Oil Price to Book Value:0.5806 for Dec. 31, 2020" Above in US$ I am unable to determine Chyrasors book value? Every one it attempting to work out the Harbour Energys market capitilisation and obviously the resultant SP But there are some quite large differences being put out there. ARCM have not increased their short position. Its just white box and again (29th Dec) Melquart (covering for existing creditors as like ARCM as a % hedge?) Do the actual maths add up for this current price..difficult to understand with out knowing Chryasors but if PMO'S current (as above) book cost indicates (if correct) the current PMO share price is undervalued....correct. Rgds Sft
rafflesintheuk01: Hi all, PMO share price @ 14.25p has anyone else seen a problem?
steve73: adg, another share I used to hold (PVCS) had over the years made a couple of "special dividends" and then consolidated the remaining shares so as to approximately align the share price after to before.. (of course most share-monitoring service, such as ADVFN, simply rescale the charts on splits/consolidations so you still see the sudden drop on the charts). share price post Spec Div was "usually" a little higher then it "should have been", but corrected within days IIRC. It does appear that this is also why Cairn are doing so. A very recent example of a consolidation with no Spec div is AML who just had a 20:1 consolidation a few days ago & the share price has since been a little higher than "expected", but maybe just reflecting natural fluctuations... I think such movers are often done just to raise the profile among "retail" investors. WTFK...! NAI obviously.
5huu: After checking in here after some time, there appears to be one or two on this thread that instead of debating the potential of this company at the current share price (and with the new combined entity), they prefer to post almost daily to claim some kind of moral victory for the current share price.How about some sensible debate on the potential of the new entity and the new prospectus? How about backing up why you say at 22p the downside risk is now greater than the upside? Just a thought!........8-10 months ago this board was full of contrasting but interesting views, but the company and the landscape are so different now. At first glance Harbour now seems very interesting again at the current share price. Tax losses nice to have, and an asset sale or two could even transform the balance sheet?
andypop1: Raymond, You posted the following: rayg511 Dec '20 - 13:26 - 52464 of 52477 0 0 0 Great that we will be in the ftse100. Good trading share until then... There's much to look forward to. So you are trading this? Yet you are ramping like an investor, in fact you later claimed: rayg512 Dec '20 - 16:11 - 52475 of 52477 0 1 0 I've said all I want to say. I will not engage with anyone who has no stake here. I am invested in what I think is a different entity from the one which Durrant almost wrecked and I will take full responsibility for that. I don't need anyone telling me to sell. Period. You stated as a fact that PMO would be promoted to the FTSE 100 and took offense when I pointed out that it wasn't a given? Are you invested or are you caught in a bad trade on what you correctly described as a trading share? Yes the majors are diversifying, neither PMO or Chrysoar are majors and as a combined group will not become a major but instead will continue with their outdated practice of oil and gas exploitation running up unaffordable decommissioning costs in the process. I agree the need for oil will not disappear overnight given the consumer generation people of my age have bred and our love of travel, add to that the transportation of goods, mining and construction plant not to mention plastics but the world is changing and this pandemic will have a lasting impact on how a lot of people work, namely working from home rather than commuting to the office five days a week. Yes oil demand will pick up next year and more so the following year but the world is awash with oil. With the Bidden victory we will likely see a more united world with the US aligned on policy with the rest of the developed world, this will include the Iran nuclear deal. I expect sanctions to be lifted early to send a message to both Bidden's global partners and the US citizens. We also have US domestic production steadily increasing and of course OPEC+ planning to release more oil into an already saturated market. What gems are you expecting in the prospectus? With Chrysoar's current liabilities they need this as much as the insolvent PMO does, do you think the prospectus will state the equivalent share price of the close to 2 billion shares the creditors will receive? Good luck, I won't be holding my tongue, I have traded this trader, your words not mine so I have every right to post an opinion, is hold your tongue appropriate on a forum where we type with our fingers? Who knows.
sbb1x: Pmo share price dropping back to 11p
whites123: FRAUDSTER: I am not underwater.. Profit point was reached and in profit to the tune of quite a few thousands at 17p. By the time this reaches 20p it will be tens of thousands in profit... Thank you so much for your concern. Thankfully I was never one to listen to or take your slewed and biased paymaster rhetoric. I did my own research, and made my investments accordingly. The share price was illegally manipulated downwards with huge undeclared shorts and then to cap it all we had Coronavirus which no one could have foreseen. The NEWCO will certainly attract a much healthier revised upwards share price I said many a time, you only lose if you sell at a loss. I have held for years and still return based on todays share price much much more than I could have got in a bank. And "I still do not need to sell" Maybe at a £1.00 I will sell some, and after tax buy myself another holiday home with the profits... Who knows.. Have you intention of apologising to anyone who took your advise? We know you wont offer monetary compensation to those you have helped con, but least you could do is crawl under your rock and never come out again.. GOOD LUCK.
eodfire: Great to see the pmo share price finally unwinding. Looking forward to results tomorrow. Short squeeze anyone?
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