Register
Login:
Share:
Email Facebook Twitter


Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold


Premier Oil Share Chat (PMO)



Share Price: 108.40Bid: 108.35Ask: 108.40Change: 6.90 (+6.80%)Riser - Premier Oil
Spread: 0.05Spread as %: 0.05%Open: 104.00High: 108.55Low: 104.00Yesterday’s Close: 101.50


Share Discussion for Premier Oil


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Love_You
Posts: 592
Opinion:No Opinion
Price:108.05
350p-400p reasonable value here
Today 10:58
350p-400p per share is reasonable equity value here in my opinion - global oil demand is strong/not falling, and global production is somewhat struggling apparently - and PMO have some great projects (projects with enough economies of scale/economic size) for 2020-2030, being SeaLion, Zama, Big-P and Tolumount.

However the equity valuation here is a joke. This company has more potential, yet already produces the same cashflows and has a similar enterprise value to Kaz Minerals, yet Kaz Minerals has an equity value (market capitalisation) of over five times as much as PMO. Makes no reasonable sense - just illogical financiers in my opinion - but these illogical equity valuations are holding companies back from raising capital at sensible prices in the markets and stunting/distorting the real economy (food in the shops, petrol prices, spending on resurfacing roads, job creation etc.)
 
AlfaMale
Posts: 1,160
Opinion:No Opinion
Price:108.20
RE: MOANERS & GRONERS
Today 10:57
I see that Member still hasn't filtered himself for the benefit of everyone on the board.

Same incessant bittching day in day out.

But ENQ & TLW have risen more than PMO today........

Yawwwn.
Love_You
Posts: 592
Opinion:No Opinion
Price:108.40
PMO, share prices, and SeaLion
Today 10:50
Yes but American investors sold out at 330p in 2014 because they new the oil price was going to half (well my theory is that the American investment community gets forewarned about the oil price cycle by the FED/government/pentagon who are the only people who can realistically manipulate the global oil market to their own agenda).

However oil is now more needed/in demand by the global economy than in 2014 - and PMO is one of the few companies who have continued to behave rationally in terms of looking for new acreage, progressing projects (albeit slowly and with the clusterfuck that was Solan, but Chrysaor also seemed to offload their financial contributions to the Solan project at a great time for them and a terrible time for PMO, yet PMO seemingly allowed them to do so - and this does not "add up" to my mind if both companies were taking commercially self-interested decisions). Anyway the point is that in the medium term over the past five years the strategic direction of PMO has been correct at the level that the world economy couldn't switch away from oil-and-gas particularly quickly and hence new projects would be needed.

So, some might say those American investors who sold out at 330p per share in 2013/2014 were wrong over the medium term in terms of their predictions for the global economy's medium-term demand for oil - surely the only logical reason to sell down equity in the oil sector (because you believe that fundamental economic demand for the product is about to peal/or already over in that economic sector).

So with their predictions being in essence wrong, can the people who bought those PMO shares at 330p in 2013/2014 now see a profit on their investments please. For example a share price of between 350p-400p would be a good start given the current oil price of $75 when PMO issued several RNSs last year saying that PMO would be profitable at $50 and SeaLion would be profitable at anything over $35 and deliver a gross production output of 80,000 bopd (doubling PMO's total oil output), and contributing a billion barrels of new oil (gross) to maintain oil price stability across global markets.
members
Posts: 2,230
Opinion:No Opinion
Price:107.65
RE: There was a time
Today 10:47
Stealmywifie... if you had been invested with PMO for 5 or six years and lost 80% of your initial investment, I am sure that you would consider this share as a one step forward and two backwards too.
ROCKLAWN
Posts: 652
Premium Chat Member
Opinion:No Opinion
Price:108.55
MOANERS & GRONERS
Today 10:47
I wish the above group would stop being so childish and post about oil, shares, commodities etc ...
Stealmywifie
Posts: 180
Opinion:No Opinion
Price:107.70
RE: There was a time
Today 10:40
Trend is up Members. Give it a rest. The way you talk, you would swear it was one step forward 2 back when in fact it's the other way around.
TR61
Posts: 1,488
Opinion:No Opinion
Price:107.90
RE: There was a time
Today 10:21
Who would have thought after breaking for Easter and waiting to break the elusive 105.00, events would happen, such, that on return after Easter, 107.00 has arrived and past.

Not far to go for Mrds 124.00.
Congratulations to all holders, another hurdle passed.
laidback
Posts: 8,485
Opinion:No Opinion
Price:107.70
RE: Share flying
Today 10:13
110p later today imo

120p later this week imo
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:107.40
RE: There was a time
Today 10:00
Massage time ! Bye bye loser
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:107.40
RE: There was a time
Today 09:59
Members ! Yes you do as u self indulgent agenda sort of guy ! You know ! Loser
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:107.30
RE: Share flying
Today 09:58
Really happy with how things are going’ here as even the losers know when they are losers !
members
Posts: 2,230
Opinion:No Opinion
Price:107.30
RE: There was a time
Today 09:58
Whiteace... I do not know what Grippa says. He/she is filtered. And so are you now. I’m fed up of you posting just to take the proverbial pi** at me. So long
mytton
Posts: 552
Opinion:No Opinion
Price:107.40
sp
Today 09:57
SP up 5% - increase sadness to max. No, turn it up to 11.
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:107.30
RE: Share flying
Today 09:55
It’s flying so it will get there eventually as dosnt have to be today . It’s doubled in 5 months so what’s another 1 %!
ROCKLAWN
Posts: 652
Premium Chat Member
Opinion:No Opinion
Price:107.90
RE: Share flying
Today 09:50
Can we get to 1.10 today ...any thoughts
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:107.05
RE: Share flying
Today 09:49
Dec 2018
Pmo up 98%
Tullow up 52%
ENQUEST up 10%
mytton
Posts: 552
Opinion:No Opinion
Price:107.10
Deramp
Today 09:45
Come on derampers you're not really trying. You need more " back to 70p" chatter or "discounted placing" posts - that usually puts the wind up PIs.
members
Posts: 2,230
Opinion:No Opinion
Price:107.45
Oil shares
Today 09:42
ENQ up 10%
CNE up 6%
PMO up 5%
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:107.25
Share flying
Today 09:39
On a positive to drown out the jealous an vindictive ones ! Nearly doubled since dec2018 ! Wow wee . 2% more an a ridiculous comeback !
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:107.25
RE: There was a time
Today 09:37
There was a story of the old boy who cried wolf
members
Posts: 2,230
Opinion:No Opinion
Price:107.10
RE: There was a time
Today 09:35
Mytton... you are certainly not in the right share. PMO was trading at 104.50 some two weeks ago with Brent at 68-69. It is trading at 106 now, 1% higher, when Brent has risen hugely by 5 dollars or almost 10%. We have also had Zama hugely positive update recently and the near certainty that we will not win the bid for Chevron assets, which had spooked our sp and made it tank by 15%. So you reckon a 1 % increase in the last two weeks is good? Let’s reverse it: Brent will lose 10%, Zama update is a disaster and we win the Chevron bid calling for equity dilution to finance the deal. Do you think our sp will lose only 1%? You live on another planet, old boy... let me know where it is and I may come and join you
Whiteace
Posts: 2,910
Opinion:No Opinion
Price:106.85
RE: There was a time
Today 09:32
Therein lies your answer then Members that Pmo is outperforming Enquest twofold. Pmo has doubled an Enquest has halved ? Lol you an Grippa both angle shooters !
laidback
Posts: 8,485
Opinion:No Opinion
Price:107.10
RE: 110p resistance
Today 09:31
Starting to move up now...
laidback
Posts: 8,485
Opinion:No Opinion
Price:107.10
RE: 110p resistance
Today 09:30
Agree .... 120p is very achievable this week ....

In fact is be very surprised if we don't hit 120p
KaiSharp
Posts: 45
Opinion:No Opinion
Price:106.85
Because I'm happy
Today 09:29
I'm in a fantastic mood today.

The Easter weekend was amazing for me with some really exciting stuff happening, the weather could not have been more perfect, the future is looking so effing beautiful, and I can't wait for it to arrive.

Meanwhile, unfortunate events happening around the world, along with the progression of political machinations, have pushed oil prices to new highs for the year.
PMO is still moving in the right direction with declining debt, a bright future, and a share price making steady progress and inching closer and closer to reflecting true value.

Why am I posting this?
I said to beerbull over the weekend to lead by example. I'm taking my own advice too. Enjoy the good times folks, lord knows we deserve them.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.