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https://uk.finance.yahoo.com/news/yes-still-think-premier-oil-105810711.html

trade worries, that sparked off a profit taking sell off , not caused by oversupply

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.

https://www.fool.co.uk/investing/2019/03/16/is-the-premier-oil-share-price-the-bargain-of-the-year/

RE Goldman Sachs reports 15/03/19
oil demand is growing faster than expected in the first quarter , a pace to jump by nearly 2 million barrels per day .

15/3/2019 G S head of commodities predicts oil will rise 20% in 2019

15/3/2019 G S says oil price could potentially rise as much as 13% from current levels

That’s why I think the Premier Oil share price will double in 2019. Investors will rush to buy back into a cheap, rapidly growing oil company that’s reducing debt and throwing off cash.

the International Energy Agency forecast on Friday that demand would increase, leading to a potential supply deficit as soon as the second quarter of this year.

https://oilprice.com/Energy/Crude-Oil/US-Oil-Production-Is-Headed-For-A-Quick-Decline.html

Lloyds Banking Group launched a share buy-back programme on Friday, to repurchase up to £1.75bn of ordinary shares, as it had previously announced on 20 February.
from 1st MARCH 2019
EX DIVIDEND 4/4/2019 2.14 P

All submissions and procedural steps for the international arbitration under the UK-India Bilateral Investment Treaty (the “Treaty”) are now complete
Drafting of the final award by the Tribunal is ongoing
Cairn’s claim under the Treaty is for monetary compensation of ~US$1.4 billion, the sum required to reinstate the company to the position it would have been in, but for the actions of the Indian Income Tax Department since January 2014
Cairn continues to have a high level of confidence in the merits of its claims in the arbitration

FINAL RESULTS 2018 ON TUESDAY 12th MARCH 2019

Cairn enters 2019 with balance sheet strength and cash flow from North Sea production to fund significant growth opportunities.

The SNE and Nova development projects are progressing on track, evaluation of the recent Agar discovery is ongoing and we look forward to commencing a material exploration drilling programme in 2019 with up to seven wells offshore Mexico, the UK and Norway targeting a total gross volume in excess of one billion barrels.

We also expect a final international arbitration decision on our India claim in the near term and we remain confident of our position.”
Simon Thomson
Chief Executive

BlackRock 1 1 74,286,769 12.60
MFS Investment Management 2 2 56,349,983 9.56
Aberdeen Standard Investments 3 3 50,951,116 8.64
Janus Henderson Investors 4 4 35,562,225 6.03
Kames Capital 5 5 31,925,862 5.42
Hotchkis & Wiley 6 6 25,766,334 4.37
Franklin Templeton 7 7 23,665,624 4.10
Aviva Investors 8 8 22,944,836 4.01
Vanguard Group 9 9 19,160,047 3.25
Legal & General Investment Management 10 10 17,760,726 3.01

BRENT OIL PRICE 4.30 PM 65.84 5PM 66.27

4 shares with bright recovery prospects? Royal Mail PLC, SSE PLC, Barratt Developments Plc and Premier Oil PLC

https://www.fool.co.uk/investing/2019/02/11/why-i-think-the-premier-oil-share-price-will-double-in-2019/

https://www.youtube.com/watch?v=ailm4a3AprA

Top 10 shareholders - as at 23 Jan 2019

Institution name

Percentage Interest

Baillie Gifford

8.52

Hargreaves Lansdown, stockbrokers (EO)

6.41

Dimensional Fund Advisors

5.74
BlackRock

5.27
Interactive Investor (EO)

4.79
Vanguard Group 3.30
HSDL, stockbrokers (EO) 3.06
Barclays Smart Investor (EO) 2.84
UBS Asset Management 2.23
NBIM 2.11

Tony Durrant, Chief Executive, commented:

“Our strong operational performance and disciplined expenditure have enabled us to reduce our debt levels ahead of forecast. At the same time, we have continued to build our portfolio for the future, sanctioning our high value Tolmount Main gas project and capturing highly prospective new acreage in Mexico and Indonesia. Looking to the year ahead, we have a strong production base which is well hedged and our priority remains to further reduce our debt levels while progressing our future growth projects to final investment decisions.”

PRESS RELEASE 10 JAN 2019
http://www.premier-oil.com/premieroil/media/press/trading-and-operations-update-27

COMMENTS WELCOME

With Unilever having invested heavily in a number of developing economies, they seem to be well-placed to benefit from rising disposable incomes. This could impact positively on their growth rates not only in the current year, but also over the long term. As such, they may be able to generate above-average earnings growth for a sustained period of time, which could lead to a higher value

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