Member Info for SS17

Good video , thanks for sharing. Hopefully we will see another fire works tomorrow! My initial target £1
DYoR

I was thinking the same but don't want to miss the boat in case something big coming? don't forget the same co went to 90p last year, it is capable of going much higher given the product it is working on and listed in the NASDAQ. If it gets attention in the US market I won't be surprised it will go £1+ in a day

dyor

Rookie1,

time will tell whether it was unrealistic. I gave my reasoning and basis of the valuation. All depends on the oil price and combined value of the newly formed co, I am assuming oil price $70 and combined value £12b at minimum (as it will be producing 200-220,000 bpd) x5%.

any way it's just my view and I could be wrong but this is my rational for investing into PMO

dyor

It looks some investors shorted this co, other have have no clue where do they invested or why have they invested, if you don't have confidence on the co future prospect why invested? Day trading? Those same rainbow chaser will start making comments when share price starts moving north!

dyor

"I think that now could be an excellent time to buy the Premier Oil share price before the company’s transformative merger. When the deal completes, the group will be one of North Sea’s largest oil producers. This could achieve enlarged economies of scale and better production costs, which will improve profit margins and help management deal with group debt
https://uk.finance.yahoo.com/news/premier-oil-share-price-too-081017890.html

Post merger Harbour group, the new company is expected to produce 200,000-220,000 barrels of oil equivalent per day (boed) next year, the combination will create a North Sea giant. Oil price is keep rising and today’s GS bullish comments will send oil price to $65 soon, with this in mind what would be newly merged company’s valuation?

Taking a conservative approach if we put co valuation in the range of £10/12B, pmo 5 % share will be £600m, gives a share price of 64p... at higher end If combined group valuation is £36b ( if we compare with similar large oil production co) we are looking pmo sp at £1.90 range! So there is big gain to make here , great post covid play!

I Welcome any other valuation with some reasoning

https://oilprice.com/Energy/Energy-General/Goldman-Expects-Oil-Demand-To-Rebound-To-100-Million-Bpd-By-August.html

DYoR

Post merger Harbour group, the new company is expected to produce 200,000-220,000 barrels of oil equivalent per day (boed) next year, the combination will create a North Sea giant. Oil price is keep rising and today’s GS bullish comments will send oil price to $65 soon, with this in mind what value should be newly merged co?

Taking a conservative approach if we put co valuation in the range of £10/12B, gives pmo share will be £600m 5%; gives a share price of 64p... If combined group valuation is £36b we are looking pmo sp at £1.90 range! So there is bug gain to make here , great post covid play

Welcome any other valuation with some reasoning

https://oilprice.com/Energy/Energy-General/Goldman-Expects-Oil-Demand-To-Rebound-To-100-Million-Bpd-By-August.html

DYoR

If co like Gamestop goes 700%+, can not see any reason why PMO can not go 400-500% given oil price going up, Chrysor merger ...fundamental is strong here, just need those people to know PMo or PFC exist in the LSE. Many started realising next oil boom is in the horizon as post covid event
dyor

plus PMO has strong fundamental with the merger they will become Europe's largest Oil producer...I am in at 19p, last time I left at 21p. Let's see what happen,
fools comments also encouraging although I don't take them seriously as they keep changing their view

https://www.fool.co.uk/investing/2021/01/12/is-the-premier-oil-share-price-too-cheap/

Based on other oil producers’ valuations, the enlarged group’s production target of 200,000-220,000 boed could justify a valuation of as much as £1bn for the company. That’s based on current oil prices. At this level, Premier’s $2bn of net debt would appear far more manageable.

dyor

when brokers say buy I do opposite....they will have different agada and always don't reflect into the target price! best is do your own research, if you think RR has strong fundamental, good business model, will be a great post covid recovery play then take position
I am a holder of RR and optimistic, same brokers will come back and re-rate to £3.50 soon as covid situation ease
dyor

Tooped up ... shorter being squeezed, let’s see Pfc is the next GameStop in London market
DYoR

I made this comments on Pfc as I am holding some as well as in RR. I think same applies to RR, it’s a great co; as soon as covid panic is over and plane starts flying RR will fly too

I think short selling itself is a scum and destroyed many co and investors , it’s good to see they are burning ! I wish regular completely ban shor selling , we buy a co by looking at it fundamental, it’s potential but short sellers does opposite purely to do trading not investing.

Compared to US compile GameStop , Pfc is a great company and it should go 200% up so all shorter get wiped off
DYoR

I’m wondering If the same happens to RR, where would this go?
A “short squeeze” that started on Wall Street swept across the globe on Wednesday, triggering another day of frenetic moves in the share prices of companies with large bets levied against them.

https://www.google.co.uk/amp/s/amp.ft.com/content/acc1dbfe-80a4-4b63-90dd-05f27f21ceb2

I think short selling itself is a scum and destroyed many co and investors , it’s good to see they are burning ! I wish regular completely ban shor selling , we buy a co by looking at it fundamental, it’s potential but short sellers does opposite purely to do trading not investing.

Compared to US compile GameStop , Pfc is a great company and it should go 200% up so all shorter get wiped off
DYoR

just topped up at £1.08, I think it's too cheap, I expect this to go £2 by end of Feb
dyor

I’m holding both with little bit more on RkH, in my view both have huge potential, depends on oil price , if keeps climbing to $60+ I see Rkh going 50p and Bor 10p; if oil price goes above $70 Rkh 1+ and bor could be 30p+ , if they find a farm in partner could be much higher ! So worth holding both, if one fails another can work as hedge ! Rkh has advantages as they already has a partner ( pmo/ harvbour merger) and potential finance approval soon ... Bor has tiny Macap with huge potential reserves
DYoR

V10-You have fair point, hard to trust those AIM board, when ever SP spike they start raising funds and diluting existing s/h. I think for BOR it could be too early call, at this stage they need a farm in partner or large oil co to take over the asset, either of the news could trigger a massive re-rate. The most recent statement below looks promising , breakek even $35 where as current price over $50 a re-rate is expected anyway

we believe that Darwin stands out on this basis, with its break-even oil price of less than $35 per barrel, quick payback, excellent reservoir and a relatively small environmental footprint. We therefore remain optimistic that progress towards appraisal and development will be achieved.

As I posted before, BOR got a long way to go, at least another 10x to reach macap in the region of £80/90m given the potential massive reserve it has in the ground. I wont be selling any single shares until then, been holding for quite long now I am on profit, glad I was able to top up below 1 p

dyor

dyor

If oil price keep climbing and reaches to $60+ Bor will get re-rated and hoping macp to go at least 10xwhich means SP 17p+. I still need another penny to breakeven
dyor

Friday was overdone, this is something market knew and already priced in. Look at Pfc future prospects, it will be a great post vivid recovering stock considering oil price going up and billions $ worth of potential contract in the pipeline . I will keep buying if it drops further !
The Group has a busy tendering pipeline with around US$46 billion of opportunities scheduled for award by the end of 2021

Dyor

that's why they gave name M fool, just a few days ego the same MF said PFC is good co to buy, today they changed view...fools are never consistent like a day trader!I will do exact opposite of what fools says...just topped up at £1.24p. In my view this old news is already priced in and currently it is too cheap
dyor