Member Info for Mrd5432

Oh how hard I tried to get dbno in. You were all witness to it

70p knock knock.

70p knock knock.

Think thurs we should crack 74p.

Oil wont crack $60 so this wont crack 70p. Oil dropped on trump tweets. But wont go up anymore!

Why is 70p so hard to crack!

Theres also a gap at 96.8p think we may close that tomorrow :)

You coming in after that gap? Thurs results. Should beat last year by a mile in terms of profitability. Catcher production helps with uk tax losses and 40% hedge at $69 in comparison last year we had bad hedges at like $53 which the lenders lumbered as with

If it can stay just above 69p I think we will need to see decent results to boost us back to 74p. Fingers crossed for thurs peeps..

But trump is a fool. Will end up causing it

It would be nice for now if oil could get to $63/64 and premier_oil 75/78p. Before a results boost.

Thats too difficult to predict we could be in a recession or out of a recession. I see one last high of 100p+ before a drop.

Pmo is ahead on debt paydown. By $250 million. As per the lenders. Obviously its on its own target. Which is x1 by 2024. So basically reducing by $300-350 million every year. Tolmount is purposely delayed till next dec. As thats when they believe they will see a drop in catcher so as to keep to 80+kbpd tolmount will replace catcher reduction. However I dont think catcher will reduce. I think itl be like that saudi field that keeps on giving. I think they will do a reserve upgrade there. They will have to if it keeps chugging out 66kbpd a day.

They intend to sell zama. Look at that podcast clearly states they like to sell once fdp is approved to get most for the asset.

Catcher reserves be upgraded by 50 million.

Yes. We know but could also go up to 74/75p on results. Polite way of saying

Na this said transaction took place weds. Hence the 10p drop no wonder we dropped so harsh. Ah well. I took alot of their shares. Il give em back to them at 80p

USA rig count down 15.

(Alliance News) - Premier Oil PLC on Friday said Morgan Stanley reduced its holding in the exploration and production company following a transaction on Wednesday.

Morgan Stanley chopped its stake to below the 3.0% notifiable threshold, having previously held 5.2% interest.

Premier Oil shares closed 3.1% higher in London on Friday at 67.08 pence each.

So that would explain the 10% drop on weds. But then that rns on weds was wrong!

They dont intend to pay no divis. From all their podcasts its simple keep at 80-100kbpd get debt down to $1 billion. Thatl take 4 years yet. But should see a market cap closer to $1.5 billion then. Look at tolmount. They saying will bring in close to $1 billion in revenue over 10 years. And its costing us $120 million