Member Info for Givingthelowdown

I put some into ENQ cos it seems to be good value

I got out too, a little early TBH with a tranche at 95 and another at 97, like you say we are in nervous times with FTSE seemingly precarious

Net debt reduced from $2.33 billion at the end of 2018 to $2.25 billion at the end of April. This was driven by free cash flow generation of c. $80 million, ahead of forecast due to strong production and higher oil prices. Premier's 2019 free cash flow generation is weighted towards the remainder of the year due to phasing of capex and interest payments. Premier's leverage ratio (covenant net debt/EBITDA) at the end of March was 2.7x. At current oil prices, Premier is forecasting full year net debt reduction at the upper end of the $250m to $350m guidance with a forecast year end 2019 covenant leverage ratio of less than 2.3x.

Highlights

· Year to date production of 85.1 kboepd, up 14 per cent on prior year corresponding period

· 2019 full year production guidance increased to 75-80 kboepd

· Guidance unchanged for 2019 opex ($13/boe, excluding lease costs) and capex ($340m)

· Tolmount, Premier's next UK growth project, progressing to schedule and on budget

· Tolmount East appraisal well to spud in July; Greater Tolmount Area 3D seismic survey completed

· Positive results from Block 7 Zama (Mexico) appraisal campaign, on track to complete in June

· Net debt reduced to $2.25bn; forecast 2019 net debt reduction at upper end of $250m to $350m guidance, at current oil prices

· Forecast year end covenant leverage ratio of less than 2.3x, at current oil prices

Makes sense for Brent to go up

FTSE 100 futures aint too shabby either

look at S & P now. ....lift off!!! bodes well for Monday....blink and it will be 91p...

Perky rally to close the week, usually dies on its arse eh DBNO?

Took a look at CNA, you don't mind a risk do you DBNO?

Brent get over 71 and lets get this baby into the 90's

I dumped a few share in the panic yesterday for 86p and just bought them back for 87.9, rapid inflation

Headline 0.5% for Q1 as forecast, the rest of the data is mixed with slack GDP MOM but good manufacturing and industrial numbers, I think the market will read it as a whole as a positive , the Q1 GDP seems to be the dominant indicator, never understood it really cos its old news.

Brent is in consolidation but IMO will make a staggered double top around 72.5-73.5 area in the next 2 days, PMO is trading as if Brent is in mid 60's so any fall in Brent would have little effect to the downside IMO, all priced in, talk of sub 80 is nonsense.

The good thing about morning trading is that trump is asleep

No Brent will be back over 71 today

weekly 50 dma sits at 99p, possible target pehaps?

But Weekly candle is resting on 200DMA support DBNO...

Regretting an Average of 96.6 here but oh well, did manage to get some Enqs today at 19.50 so profit on those i suspect....FTSE looks well overdone, I could understand a move like todays if it was the end of a long downtrend but its like every PI shat their pants , loads of room up for rest of week IMO

Yes he is a cock, however the 25% hasnt kicked in, so is just rhetoric, and Trump changes his mind like the wind, it really depends on how full his nappy is.

Who saw this coming ? Way too cheap at 93p, I’m averaging 97 here , got some more to invest for Tuesday in another oil share as have enough pmo’s , SK are you in? Can you say anything other than Brrrrrrr?