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London South East Investor Evening: Jadestone Energy, Tower Resources, InfraStrata, Richard Slape | Watch Now

Richard Slape, Oil consultant - Avoiding Losers and Picking Winners, his personal strategy
London South East Investor Evening: Jadestone Energy, Tower Resources, InfraStrata, Richard Slape


Premier Oil Share Chat (PMO)



Share Price: 85.55Bid: 85.30Ask: 85.70Change: 0.00 (0.00%)No Movement on Premier Oil
Spread: 0.40Spread as %: 0.47%Open: 87.15High: 87.60Low: 84.25Yesterday’s Close: 85.55


Share Discussion for Premier Oil


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Hawkey47
Posts: 5,682
Opinion:No Opinion
Price:85.55
Share Hub about us......
Today 00:01
 
bob6
Posts: 766
Opinion:No Opinion
Price:85.55
7 hrs ago
Mon 23:53
Crude to Surge after Taking a Break
The Brent crude prices are not moving very much early this week, with the black gold consolidating near $67.25. Previously, it tested the local high at $68.14. The fundamentals are meanwhile signaling a bullish scenario.
BaysilHope
Posts: 2,748
Opinion:Strong Buy
Price:85.55
Love You Value Catcher-Zama+more
Mon 22:57
Quote you're points -' Hence PMO was it's own worst enemy in the past because it made extremely stupid assumptions about the future long-term oil price. Good luck all ...personally I'd like to see PMO get the oil out of the ground at a cost where there isn't too much risk to shareholders and that shareholders can see value being created' ??? FFS .
Catcher +66kbop EBITDA Mental FCf +$727m and growing, Zama world Class discovery and Block 30 more of the same. The reason we all feel cheated is Goldman Feck are holding PMO down probably for others to get in cheap. Debt's reducing profits increasing as well as your negativity. Or do you know more about Chevron and Apollo helping as assets swap. PMO fundamentals only continue to improve with Tolmount as well SE Asia and so on, coupled with rising POO. GLA Gn
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 22:46
OWLS... I know what you are saying. Of course 85 is a lot better than 55... But some here are making the PMO sp a lot bigger than it actually is. I for one, wish it was several times bigger than the paltry level is still is, despite all the huge progress the Company has made in the last few years, none of which is even remotely reflected in the sp
OWLS
Posts: 232
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 21:52
Members, I am down significantly having bought at over £1. I do not always make money on shares but nobody forces me to buy them. So when it fell to 55p I wasn't happy but accepted that these things happen and the only person at fault was me. Since then I am very happy that the price has increased by 54%.
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: Chill
Mon 21:05
Love_You... Glad you read and understood without anyone explaining to you, all the GS RNS issued in the last few months. Either you are a genius or I am the most stupid person in the world. If that’s the case, there are so many here who fail to understand anything about those RNS, so I suppose you are the genius and we are the stupid ones
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 20:57
HeresHopin.... wrong again. Even a two year old kid knows by now that I paid 180. Some other poor souls paid 550 in 2011. I suppose you made huge profits, like so many of your mates here... Isn’t it funny? PMO crashes from 550 to peanuts and yet almost everyone here claims to have made huge profits.. You are all laughable. I declare my losses because they are real. People like you declare profits because you want to ramp gratuitously. And thanks for the advice on the Cash ISA. I don’t know what to do without such a gentleman and friendly advice like yours. Mamma Mia!
HeresHopin
Posts: 5,143
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 20:50
Members - you really are a misery to have on the board. If you bought at 550p and then held on until now without any sort of review and without any sort of ability to cut your losses then you deserve everything you get. Why you try and make everyone's life as miserable as your own is beyond me. Why not give up this game and just put the money in a Cash ISA - perhaps it would make you happier?
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 20:35
Mrd5432... Don’t believe a word they say... 54% profit? Mmmmhhhhh. It’s like saying that ENQ shareholders made a 2% profit. Yes. Since Friday. But they lost 93% before then!
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 20:33
Hereshopin... Wrong... the sp has dropped from 550 to 85. That’s 465, not 0.5 as you say...
Love_You
Posts: 195
Opinion:No Opinion
Price:85.55
Chill
Mon 20:11
The energy minister of OPEC's de facto leader, Saudi Arabia, said over the weekend that the market was looking oversupplied until the end of the year but that April would be too early for any decision on output policy.

https://uk.finance.yahoo.com/news/saudis-falih-opec-may-cancel-april-meet-hold-081613675--sector.html

Wouldn't worry too much about Goldman's trading....it is for tiny percentages here. Also Premier is obliged by the stock exchange rules to accept RNS's from companies trading their shares in order for those companies to notify investors of whether they have been increasing or decreasing their shareholding. If you can not understand the RNS about whether an investment house has been buying or selling shares in a company then really you need to ask someone who does .... it is not hard to understand ... I read it once and understood it first time without having it explained to me by anyone ... if you can read then you would be able to understand it with a little thought.

Anyway, it's not Goldman or PMO who are in control of the value created or destroyed by PMO. It's as simple as Pmo will invest shareholders money on certain assumptions about the future oil price .... if the oil price is above what PMO have assumed it will be in future then the PMO share price should rise ... if the future oil price is lower than what PMO have assumed (when costing projects and agreeing costs with contractors) then the PMO share price should fall.

PMO has lost value through making stupid assumptions about the future oil price ... basically that it would always remain above $100 forever. This was a completely ridiculous assumption given that the FED was printing free money and giving it to companies like Petrobras in the form of 100 year bonds at near zero percent interest - in order to boost Brazilian oil production.... as the American government needs cheap oil otherwise the social and economic order in the USA collapses ... a large country like that with a high standard of living will always need a plentiful supply of cheap oil if it's to avoid social/economic disorder.

Hence PMO was it's own worst enemy in the past because it made extremely stupid assumptions about the future long-term oil price. Hopefully they have learned their lesson and to base their new investments into greenfield projects on an oil price of 20% below what an impartial panel would consider a "realistic" oil price out to 2029. And if the contractors can't offer contracts at a price which is profitable to PMO based on such oil price assumptions then better not to do the project at all - another Solan would send PMO into administration in the future.

Good luck all ...personally I'd like to see PMO get the oil out of the ground at a cost where there isn't too much risk to shareholders and that shareholders can see value being created ...because ultimately who doesn't benefit from driving (without petrol/diesel transport our standard of living would soon col
Mrd5432
Posts: 9,794
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 20:00
A 54% increase if you managed to catch it at the bottom... doubt there were many and if there were doubt they put it all in at the bottom.
HeresHopin
Posts: 5,143
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 19:58
Great, Doctor Doom is back because the sp has dropped a half penny.
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: RE: RNS
Mon 19:46
TarthDrader... I fully agree with you. We have all had enough of these meaningless (for us common people) RNS...
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 19:37
OWLS... or a 90% drop from 550 in 2011... Or a %%%%% drop from 180 in 2014. Or a %%%%%%% drop from 148 only 6 months ago. Me enjoying 55% profit in 3 months? No... I’m nursing a huge loss from 180. You are wiser than me. Well done
OWLS
Posts: 232
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 19:31
Members, didn't see any comments from you the last few days when the price was rising? But a slight fall and you're back. Still, even you must be happy with the 54% increase in the last 3 months.
TarthDrader
Posts: 83
Opinion:No Opinion
Price:85.55
RE: RE: RNS
Mon 19:16
Members, I actually said it can't go on "forever", but I accept your points.I myself cannot see a RI in the offing. Any deal in my view would involve a trade off with Zama assets. But the longer this goes on, a takeover is clearly a possibility. Would dearly like to know what the hell GS are up to!
Mrd5432
Posts: 9,794
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 19:05
Its all good.... give oil time to break $70 then give me premier_oil tome to respond and it will go up 2 weeks later to 100s.
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: RE: RNS
Mon 18:30
TarthDrader... you say that this cannot keep going on for too long.. sadly it is going on for a lot longer than any of us would like and it keeps going on unabated. Seemingly no end to it. As PMO will not or cannot day anything about it, any guess or speculation is just that... I was afraid that it is masking a Rights Issue, but not so sure now. Maybe a takeover, but who knows?
TarthDrader
Posts: 83
Opinion:No Opinion
Price:85.55
RE: RE: RNS
Mon 18:22
Well, it could be worse. Last time they were playing their silly games (?) we were being held down in the 70s. At least we are now in the 80s, and hopefully will not drop back to the 70s. This can't go on forever, and at some stage true value will out. I think it's clench-buttocks times. If they keep PMO down for too long, it'll be ripe for a takeover with the assets we have. At least that'll raise the SP high enough for many on here to leg it with some serious profits. And good luck to them!
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 17:56
Givingthelowdown... Brent at 66, 67, 68 or 70, 80, 90 etc... is of no consequence these days for PMO. An RNS is issued with Goldman doing some seemingly silly procedures and out sp sinks...
Givingthelowdown
Posts: 1,535
Opinion:No Opinion
Price:85.55
RE: Blue Finish....
Mon 17:51
might see Brent at 68.50 tonight.
heardy
Posts: 697
Premium Chat Member
Opinion:No Opinion
Price:85.55
RE: RNS
Mon 17:50
Maybe the FCA needs this brought to their attention, I did this once about another company and they phoned me up and asked me to provide the evidence, yes like I would invite a large company to sue me haha, waste of time.
members
Posts: 1,920
Opinion:No Opinion
Price:85.55
RE: RNS
Mon 17:49
Krakenoil... I agree, mate... But somehow I believe that GS are doing is totally legal and that’s why PMO issues an RNS about it. I trust they know what they are doing. Either that or they have their hands and mouth tied.... The worst thing, is that there is no deadline at all for anything. This could go on and on and on for days, weeks and months... How on earth are PMO playing ball is beyond me. The sp is clearly and severely negatively affected by these manoeuvres




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