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Oil price, was approx €75 in June 2018... assuming pmo merger into the new vastly improved hbr company, Eventhough there are many more shares in issue, why is the Barclays target price so low on Harbour at present at 30p....seems ridiculous to me . Surely it's worth 50p+ easily once these creditor's shares are absorbed by the market. We're talking here about a company that's the largest independent oil company with huge tax credits, huge yearly cash generating business, able to pay dividends and possibly push for FTSE 100 listing in the uture
arclays says Premier Oil is “back on track”
2018-06-15 10:37:00
Barclays continues to rate Premier Oil as 'overweight' and a new price target is set at 135p
oil and gas operations
Hosie forecasts Premier Oil’s cash flow rising to around US$470mln in 2019
Barclays Capital described Premier Oil PLC (LON:PMO) as being “back on track”, although its price target for the oiler reduced somewhat.
The bank’s rating was retained as ‘overweight’ while a new target was set at 135p, down from 145p.
WATCH: Premier Oil in a strong position to generate significant free cash flow
“We view Premier as an attractive option for investors seeking exposure to further improvement in medium-term oil prices,” Barclays analyst James Hosie said in a note.
He added: “Using our base oil price assumptions we forecast Premier can generate free cash flow of around $300m in 2018E, bringing its leverage ratio back below management's target of 2.5x ahead of schedule.”
Hosie forecasts Premier Oil’s cash flow rising to around US$470mln in 2019.
“Investors can anticipate a debt refinancing and possibly the reintroduction of shareholder returns alongside disciplined investment in opportunities to create further value,” Hosie added.
View the full company profile
When they must have known that a Scheme of Arrangement was to be proposed, why buy before announcing It , when they could have picked them up now or later much cheaper. Also why only very recently rns there's sufficient money in the pot to continúe on , then 5 minutes later they need SOA and if not accepted would cast doubts over Its survival....Maybe the board and Ceo are not as savy as many are going them crédito for.
https://www.canaccordgenuity.com/wealth-management-uk/ is what os being reffered to. Have they advance information on the relending?
Terrible year ahead for our economy, millions to lose their jobs in new year, House reposessions, Fallng in House prices. Would be seen as irresponsable to Pay out dividends at such a time.think government Will Advise against. I see share price fallng gradually back to 27p
Why sell Zama assets cheap right now if you don't have to .....surely now's the time to be buying bargains ....and keeping what you've got until you can get a good price for them
From a recent high of 55p on the 22nd June to dropping to 39p last Friday I would say it's the expectation of a 35p ish fund raiser to support buying the BP assets that's causing the sell down ..... don't see TD selling Zama assets......he's adding to assets by buying BP assets at a good price as a means to improve production and aid a new refinancing deal......
And if so.........at what price is it to be done at ?...... It's on a downward trend at the moment and we fell to 39p on Friday....so is it gonna be 35p or 30p before it bottoms out....thoughts anyone?
One day coming soon a 7.00am RNS is received by the market, if the news is good and positive....by the time the market opens at 8.00am it's 20% + up and rising throughout the day probably to up 50% ..before profit taking .......its not that unrealistic to predict ...it's been happening to quite a lot of grossly UNDERVALUED shares lately .
Llitroly thousands of investors are watching this share like a hawk , fingers ready to press the BUY BUTTON.....one piece of good positive news in a 7.00am RNS and .... you'll regret you weren't already in.
Yeah ..this year pmo down to 10p and tlw to 7p earlier this year......now 46p and 31p respectively ...did recover higher , arguably worth more as brent recovers....... ofcourse not impossible for this to make especially new investors buying in at 6p extremely rich if some or all of your suggestions come about.
I'm a holder here not in pmo......just out of interest why do you think when Brent has risen like it has, this share is stuck in this narrow 30 - 32p range...why isn't it climbing....what or who is controlling it ?....is it the market makers, traders or the large investors ? Anybody any idea....I think it should be 40p by now surely.
Tend to agree with you , the CEO of pmo has fought tooth and nail through tough times to keep pmo afloat... wouldn't think for a minute he'd be in favour of a takeover.....but tullow or especially hurricane energy at it's low bargain price maybe
Rumours are ciculating that PMO may be the subject of a takeover bid. Understand the new CEO here is very experienced in negotiating Mergers and Takeovers......is this part of the reason tullows share price is being held in such a narrow 30 to 32p range? I Read recently that oil majors looking for extra reserves will find it cheaper to buy out undervalued smaller companies with large resources...than explore and drill new Wells .
Loads more buys than sells as quite a few have noticed on here, there's lots of investors accumulating Hur shares right now...no doubt some bigger investors using algorithm trading to accumulate. Also market makers must have a overhang of shares to churn through before letting it FLY. Over last few trading days Hurricane has definitely faired better than tlw and pmo. A little patience is required here on what is now presently an enormously undervalued Company.
Brent live price touch off $41 and Dow set to open 200+points up
Seems to have happened to quite a few small oil companies lately.....can see one happening here too ...... shortly.......HUR IS A SCREAMING BUY right now.