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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
  -1.74 -2.14% 79.68 7,292,728 16:35:09
Bid Price Offer Price High Price Low Price Open Price
80.00 80.10 81.96 79.32 79.32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,095.86 124.05 13.57 5.8 657.0
Last Trade Time Trade Type Trade Size Trade Price Currency
17:48:26 O 21,024 80.13 GBX

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Date Time Title Posts
15/7/201908:39Premier - Charts and All46,147
12/7/201912:59pmo by end of 20191
07/5/201917:55Premier Oil -821
23/4/201912:48premier oil - 2018 and beyond41
15/5/201819:09PMO the catcher wave7

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Premier Oil (PMO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-15 16:48:2680.1321,02416,846.53O
2019-07-15 16:33:3480.3212,65710,165.98O
2019-07-15 16:11:4679.6833,44926,653.50O
2019-07-15 16:01:2880.3210,7008,594.13O
2019-07-15 16:00:5380.6329,64323,902.34O
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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 81.42p.
Premier Oil Plc has a 4 week average price of 67.30p and a 12 week average price of 67.30p.
The 1 year high share price is 146.90p while the 1 year low share price is currently 54.70p.
There are currently 824,330,795 shares in issue and the average daily traded volume is 9,981,169 shares. The market capitalisation of Premier Oil Plc is £656,826,777.46.
sarkasm: Investomania 4 attractive resources stocks? BP plc, Glencore PLC, Tullow Oil plc and Premier Oil PLC Do these resources stocks offer growth potential? BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Tullow Oil plc (LON:TLW) (TLW.L) and Premier Oil PLC (LON:PMO) (PMO.L) June 27, 2019 Robert Stephens, CFA FTSE 100 BP plc BP plc The outlook for resources shares BP plc (LON:BP) (BP.L), Glencore PLC (LON:GLEN) (GLEN.L), Tullow Oil plc (LON:TLW) (TLW.L) and Premier Oil PLC (LON:PMO) (PMO.L) may be somewhat uncertain at the moment in my view. Challenges facing the world economy, notably the trade war between the US and China, could cause demand for a variety of commodities to come under pressure. Still, I think the BP share price offers investment appeal for the long term. The business has adopted a strategy which I think could improve the quality of its asset base, with investment in Upstream and Downstream segments having the potential to catalyse growth over the long run. Although BP’s short-term prospects could be volatile due to geopolitical risks across a variety of oil-producing nations, I feel its long-term appeal could be high relative to its sector peers while it trades on a P/E ratio of under 12. Tullow Oil’s update released this week showed that it is making progress in delivering its strategy. The company is seeking to increase production, while also reducing debt in order to strengthen its balance sheet. Since the Tullow Oil share price currently trades on a P/E ratio of around 10, I think it could offer a margin of safety at the moment. With further investment in its exploration activities, I believe it could enjoy improved performance over the long run. Premier Oil may also offer good value for money at the moment. The oil stock has a rating of around 4, which is among the lowest I can find in the FTSE 350 just now. This suggests that investors are cautious about its future outlook. This is understandable in my opinion, with Premier Oil lacking the financial strength of some of its sector peers. But with the business expected to reduce debt and keep a disciplined stance on costs, I think it could beat many of its industry peers’ returns in the long run. Glencore’s regulatory challenges may hold back its stock price over the near term, while macroeconomic fears may cause investor sentiment to further weaken. However, with the stock having a P/E ratio of around 7, I think it could offer good value for money. Glencore’s focus on ramping-up production of materials used in electric vehicle batteries could lead to a tailwind over the long run.
whiskeyinthejar: I seem to disagree with most here, as I don't think that share price has been forced down mainly by sentiment. The share price is down because fundamentals are down imo. In fact, I read somewhere that no oil producer on lse trades above NAV. Even if this isnt wholly true, it's still important observation because we know Premier's NAV is very dependent on POO. IMHO it's why share price falls sharply when POO falls. This is what Arden Research say about Premier: "Given the net debt level and significant production element of the portfolio, our valuation is sensitive to oil price. Base case NAV is (15p) core, 125p total risked and 253p total unrisked using US$65/bbl long-term real, but risked NAV rises to 213p using US$75/bbl and falls to 34p using US$55/bbl" So they calculate risked NAV is 213p at $75 poo, but only 34p at $55! UBS have stated similar in past: So booking in more reserves (or derisking projects) would increase the NAV and make Premiers NAV less dependent on producing assets. Sea Lion, Zama, Catcher satellites, Tolmount should each be adding reserves soon. Increased NAV should mean increased share price. So I'm bullish on Premier because I believe long term poo should average $65 and Sea Lion etc will go ahead. So NAV of £2+ is achievable. I don't have firm view of whether we should sell Zama. Selling Zama would reduce debt, but we'd lose NAV uplift which is near term catalyst for share rerating. And undeveloped, we'd only get $2-$5 dollars per barrel for it. By the way, as I understand it, the Project Information Memorandum (PIM) for Sea Lion is supposed to be completed this quarter, and that's the basis for submitting the application for funding from export credit agencies. So Id say by the next update, they should be applying for Sea Lion export finance. Sea Lion timeline shouldn't slip, executive bonus' depend on it! However, if SL isn't approved for some reason, my guess is Premier will much more likely up for sale. Not just because FI puts off some buyers, but also because it's a 'career defining project' that management and BOD want to see through.
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 ?
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.
Premier Oil share price data is direct from the London Stock Exchange
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