Member Info for Lenin

Good Question...To be honest I could not give you a clear awnser on that but what I can say if you study the period from last August to February of this year you will see that despite the peaks and troughs the line was in an upwards trend until the sudden crash ...since March the upwards trend seems to be the same ( once again despite the peaks and troughs)but at a lower level because of the oil price drop ....when I look at the B P chart or Tullow Oil they look like they have a different pattern... However I must make clear I only have a very basic understanding off the financial situation off Premier Oil ...So I am only working on a hunch studying the pattern that the share price should be climbing over the next few months ....

I cannot be absolutely certain.. but I think the Premier Oil Shares may get to the 60 to 70 pence range by late August //September...Why????...Because I have been studying the share price chart ...;(it's my own hard earned money so I definitely need to be doing this !!!). From early August 19 to Febuary 20 the share price was on a upwards path from 65 pence to 104 pence ...It looked like it was heading towards 150 pence....Then we had the lockdown and the oil price collapse causing the share price to collapse....There is now enough of a pattern since March to say that virtually the same pattern is repeating itself but off course because of the lower oil price just at a lower level ...In other words a reset of the pattern .The recent fall should be followed by another swing upwards if ( and that is a big if !!!) the pattern repeats the previous pattern. ..Anyone can check this pattern themselves ....Think carefully before cashing
In these shares !!!!!.