Member Info for Rookie1

Doubt £1.50 myself. I doubt £1 will ever be seen again without massive investment or $100 oil. 50-60p would be an absolute dream, but I just want 30

Lundin

Market cap $7.1 B
Producing around 160,000 boepd
Sales $2.3 B
EBITDA $1.9B
Operating profit $1.3B
Pre tax profit $1B
Net debt $3.7

Aker BP I have already compared.
Both are subject to higher tax rates in Norway and we have no tax to pay for years.

Come to your own conclusion of market cap on relist...

https://www.chrysaor.com/downloads/2.%20Analyst%20Presentation%20-%206%20October%202020.pdf

This years hedging is the best around, I can’t find the figures but I beleive it’s around 70-80% of production hedges at $60 plus. Then 55% of oil and gas for 2021 hedges at $60 aswell.

I’ll post the link it’s all there to see and compare to peers.

Js88

I can only apply a value in comparison to company’s of similar size of us post merger. I beleive it will be worth at least £6B for reasons I have posted many times if you want to check my posting history.
50p is possible but it’s not going to happen in the short term imo, that’s a this time next year kind of share price target for me.

In all honesty I actually think this is worth 6.5-7B, we are yet to find out if we get 5% or 5.5%, if it’s 5.5% a relist if a 6.5B company is £350m and that’s around 37p per share.
Obviously you don’t expect it to reach this price before relist but I would say 27-30p is about where it needs to be given oil is heading back towards $50 a barrel and we will soon be producing around £1.5B in profit each year at them levels.
That alongside £4.1B in tax relief will obliterate debt in a couple of years and there will be some nice dividends to follow.

Strange day all in all, I’ve spent all day watching this screen and running figures and I get back to 30p + value every time.
Nothing’s changed since this morning when people were willing to pay 26p, I should have taken my own advice and traded it but I didn’t.
No major shakes in either ftse or US markets, oil looks stable in this range.

Well done to everyone sticking to their game plan and banking profit.

Looks like mm hoovered up some big shares and now letting it rise again

There’s a lot of switched up posters today kenni, cashed in(nothing wrong with it) but try to screw figures to make this look overbought all of a sudden.
Fugu is just fugu, he hasn’t called it right once yet so anyone swayed by his posts need their heads looking at.
Reality is this cheaper than it was yesterday and prospectus is a day closer. 30p within a week or 2.

FuguUpTheJacksie
Posted in: PMO
Posts: 169
Price: 18.88
No Opinion
RE: It's in the price20 Nov 2020 04:10
Hi Polmic. Based on Premier Oil's current performance, I would mark the current SP as expensive.

Seems strange to buy something you deem expensive at more than the price you stated expensive? Can’t for the life of me work out what your agenda is here fugu ;-)

Why is that fugu? Please explain.

Your posting history looks very focused on Pmo? Strange considering you don’t hold here?

Haven’t agreed with how the government have handled the coronavirus but the furlough system does look to have propped unemployment up dramatically compared to the rest of Europe. Total effects are yet to be seen but this seems to be the turning point in this horrible situation and hopefully everything can start to move forward from here.

Congratulations on the near quarter of a million profit though, that’s impressive

Sounds like everyone who was shouting 30p has jumped ship! I must have been the only one Genuine about it! lol

Sounds like everyone who was shouting 30p has jumped ship! I must have been the only On my way! Genuine about it! lol

You may be right, I just see this as well off the mark now. I’ve always said 25p pre prospectus, I think that’s a minimum, I think Pmo even stated the equity should be 25-30p and that was around $40 a barrel

Not sure why you state 5.5b in dollars and then refer back to sterling for mcap? $5.5B is around £4.1B Sterling. So in relation to aker and such which are £6B sterling we are nearly 50% off value even with 25% more production, less debt, tax adavtanges etc.

Good try though ;-)

Limited down side from here imo, current sp values the group at £4B, add 50% to that and that’s what relist will be.

I’m waiting for markets to turn positive again this afternoon. Ftse should settle from here and Dow will make a move on $30+ again. Oil looking solid . 25p close

Oil motoring still.
Some big buy just took advantage of that sell off for a nice entry below 25p.

Took extra tranche for trading will sell at close for 25 again