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Lenin, this share is a gambler's share, I suggest you only invest a very small proportion of your cash in it.
PMO holding up well so far today
Durant said around crisis time that the company was cash flow neutral at current prices, that was when Brent was at circa $36. H1 results weren't great but looks like they may have swapped some of their hedges into H2. Looks to me like they are looking to push profits into the second half of the year.
I believe they will turn a profit and pay down a very small but of debt.
If you think oil prices are heading up and you want to ride that wave, this is a very good share. Production will be significantly up by year's end and if oil prices return to normal levels next year this will rocket as it's done in the past. Difference this time is we are better placed to take advantage of a decent oil price
Nice after hours buys of 422k and c.40k between 16:38-1710h, more of this please this morning, GLA
Lenin, no one knows where this is going short term mate, best of ignoring everything on this BB, sometimes it provides little snippets of useful information but it’s rare. Good luck
Lenin
Good luck
I tried
Remember that on the morning of shock
I will need to wait a while to see if with hindsight buying shares today was good or bad timing .... HOWEVER ....what I can say March the 12 th the Premier Share Price was 13 p .....Today August the 6 th the price is just under 36 p. ....If you take out all the spikes and pullbacks which is normal with most shares ... to me that indicates the Premier shares are in marching in a upwards line of around 30 degrees give or take ...This same identical line was being repeated late last year and early this year before the Corona Virus / Lockdown struck etc...This is no guarentee of the future direction the share I know ..but this direction of travel for the Premier shares is much better than if you take a company like BP for example which as far as I can make out has no clear path at the moment ...Regards Lenin
Just to say many thanks for providing some information on what is an important issue ...The Motley Fool article stated break even for Premier was just under $50 dollars a barrel ..so I then wondered where they got that figure from.!!!!..But after reading the info provided I feel just a little bit less nervous holding my Premier Shares ...Regards Lenin
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Lenin, there's a right issue just about to come up
Better to sit out a few weeks
Funky
Lenin
“
Durrant said the group's cash flow would rise by $30 million for each $5 increase in benchmark oil prices LCOc1, which currently stand at around $43 a barrel, above its break-even price of $32 per barrel.
“
https://www.reuters.com/article/us-premier-oil-outlook/premier-oil-in-talks-on-longer-debt-extension-shares-fall-idUSKCN24G12Z
Good luck mate.
I have just purchased shares in Premier Oil
..What I wish to know from any investor who has good knowledge of this company what is the break even price of a barrel of oil for Premier ??? On the Motley Fool I am reading it is just under $ 50 dollars a barrel ..but from an earlier article from the Premier Chief Executive Tony Durrant he was saying the break even point is / was around the low $30 dollars a barrel ...This is a big difference ....Some one is telling a very big lie here ..and for myself or any investor I feel it is important to have the correct information so all our hard earned cash can be placed into Premier with the correct facts on this important piece of information ...I will be truly grateful for any replies from anyone on this site to this important piece of information considering the price of crude is approximately in the mid forties range now ....