Member Info for smalltrader

5eights,

Yes, it looks ITV made it to FTSE100!
We have beaten MCap of Martens, RSW, AVST and ECM.
Interesting what the news will be tomorrow!

good to see £1.20 already. Good results with any divi announcement can take us to £1.30 easily!
Bit of takeover rumours on the press would be nice to kick the SP to £1.80 to £1.90 as some said £1.90 is the minimum take over price. Even if take over doesn't materialise, SP will hang in around £1.80 area for considerable time!
Well done to all those who held.

By December this year, SP will be close to £2 even if take over rumours don't materialise. AIMO.

If OPEC+ continue the cuts then we will go past 30p easily.

Well done NOFEAR, ATB

I wonder how analyst came up with a 65p target when at the time of writing that article it was known that the PMO SHs have only 5.5% of the enlarged group and also median target is 30p.

From April 1st, things can become clearer may be or after the trading update. The additional shares are not going to be included on April 1st and they are not included until September.

https://capital.com/premier-oil-share-price-forecast-2021

The above article is published after the merger was announced with 5.5% market share.
Back then oil price was depressing and 65p was a big IF based on the oil price and now with the current direction of oil price that 65p forecast is possible?

https://markets.ft.com/data/equities/tearsheet/forecasts?s=PMO:LSE#:~:text=Share%20price%20forecast,the%20last%20price%20of%2029.00.

Median price 30p

Good to see you here NOFEAR!
Well done with your CINE holdings. That is a winner. I was in and out many times in CINE and now have avg around 80p. Hopefully PMO as well comes good for you and for all of us. All the risks with PMO are gone and the enlarged group is a much better company.

ok bought £3k worth for now. GLA

on POG website -
https://petropavlovskplc.com/wp-content/uploads/2021/02/POG-Investor-Presentation-Mar-2021-FINAL.pdf

my reasoning for not buying now is because if gold price goes even lower than now then we may see SP slide even further. If it gets to 29p or 30p then it means that it is a bullish situation and I will be more confident to buy then.

I bought £5k worth at 5p around in open market and sold it at 8p in the same year and until 2020, I did not look back at POG. Had I held the ones I bought at around 5p, would have been lot better. Currently out now. Might buy at 30p if it gets there. Don't want to take risk. Sburkov will a quite the company for peanuts and that peanut price he would like to pay might be under 30p. He might to prove to the world that POG is in a sh**t and is worthless?

Hope the drill is a success. CoS 35% sounds a good one in the oil industry but recently BPC turned out to be a duster with CoS of 30%

Anyone know about the spud date? Will try to dig through the RNS.

Good catch Kenni. It was back in my mind thinking how AKER is a peer with $53bn Mcap! I just got too excited thinking how big is the Harbor group based on the reuters article.

They certainly seem to be cash rich. They made $10bn take over offer in 2018 and I think at that time POO was in $60+? With oil now back to $65 and going above, they certainly seem to be generating billions of FCF!

HE was compared to Aker and other peers. If you look at the current MCap of AKER, it is 53bn!

Harbour energy made a $10 Billion take over offer for an Australian company -
https://www.reuters.com/article/us-santos-m-a-harbour-idUSKCN1IN10S

PMO was sold out too cheap compared to the above?
Anyways re-rate started here. Onwards and upwards. GLA

Mistakenly sent the last post.

It is interesting that the article mentions the production of the combined group would be 200k + 70k = 270kbpd???

I think we all had our calculations based on 220k for the combined group! Need to see the prospectus again to confirm. If it is 270kbpd then even better. Dividends are to come although am not too excited for dividends rather the effect of dividends on SP as there will be lot of buying once dividends are announced!

Good find Bladesman.
Just another 5 weeks and if we should see rerate

The author cited uncertainty with PMO due to oil. That is the case with all the oilers. Author did not mention anything about the possible dividends from PMO/HE and the generation of 1bn FCF. It also has potential to be in FTSE 100. Once PMO starts trading under a new ticket HE in 5 weeks, I believe investors will pour into PMO/HE. The enlarged group will be a much safer play than TLW. IMO. I'm into TLW, ENQ and PMO but heavier into PMO.

might see it momentarily in anticipation of results on Mar 9th.

yes, correct Blade, peers are around 7bn and that is 38p. It will go up as the funds load up after April and with oil increasing.