What a chart, further to go, or not
Comments please

52.75p +2.25p

another push up, as is looking for 55p at this rate as next round figure
oil prices on the rise is helping as one would expect.

200 DMA might prove to be the resistance. Am looking for 70p if possible, but not confident at the moment. Oil price also crucial. I have a feeling that PMO's next set of results aren't going to be pretty.

re - I have a feeling that PMO's next set of results aren't going to be pretty.

Is that a silly thing to say?
certainly is out of order, not even the large company's, BP, Shell, are making ends meet at this silly oil prices at the moment.

mentor why are you so arrogant ? HARRY posted a sensible post ,why do you have to jump on anything anyone says .

why don't you .......

Harry has a mouth to speak, just like Cameron but one has to say the right thing, not silly things, and that is why others can say so, just like I did.

right to repply

... ... go away to the - THE TALK TO YOURSELF THREAD. - if you have nothing to talk about here.

look over you shoulder, and you will see, you are just a little boy .........
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jimmy b - 11 Apr 2016 10:58 -
Is Trevor Phillips a little Englander Stan ? i know you won't have the brain to answer that.
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jimmy b - 11 Apr 2016 12:52 - 70000 of 70053
PS my memory is good i'm not a piss head.
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jimmy b - 11 Apr 2016 15:38 -
grannyboy ,he never answers any question ,just like Fred ,that would mean having some kind of opinion .
I think they are both drunks .

PMO has a market cap of £237m.......BP has a market cap of £65,314m.
It's going to be much easier for BP to ride the bad times than it is for PMO.
So a bad set of results from PMO are going to hit the sp harder.

harry - i think oilies in general are a pretty dangerous place to be, but i agree that the likes of BP and Shell (RDSB) are unlikely to give you sleepless nights

I agree. I am just trying to trade this stock. Not a long term holder.

I agree ,any small oiler is dangerous , BP are paying a large divi and will not go bust ,i used to trade the likes of PMO and TLW but have left them alone of late .
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mentor as i said before you lost 50% on several penny stocks at the end of last year so your not so clever as you think ,you also started a beef with me for no reason ,now your trying to do it with others .

All the small to medium companies have come out with BAD results, and that is not surprise, as I said earlier due to the low oil prices on the past few month and still now. were most companies do not make any money as such.

But despite that their share prices have been rising as the oil price is bouncing back as well.

One to see as an example not long ago, as I bought stock at 14p ENQ and sold at 21p two week later, for now ridding high at 30p . Last month came out with large losses and impairment of 1,2Billions, but the news to go forward were positive.

The case for PMO are much the same as ENQ with huge debt, but PMO are on top waiting for news of Solan coming into production any time soon

By the way there was a 1 share on the ticker ( meaning news on the way any time ) tomorrow?

re - BP being safe share

or yes very save and paying an over the top dividend, but I am looking for next year to pay capital gains and if possible plenty( not like CAMERON ( Dodgy Dave ) and that is only possible with companies that have been hammered by their debt burden, and now there is light at the end of the tunnel, due to the bounce back on the oil price.

that means those companies like PMO, ENQ, TLW, can double and triple on no time, but do not expect that from BP.

I will rest my case now, and looking at my open positions for any more buying or maybe selling.

certainly the russkies are feeling the heat of continuing low crude prices, and us shale producers similarly (i'm sure)
there is also talk of opec countries limiting their production ...... the reality might prove different from the words, as so often in the past!

on the basis of the above, i suppose it's not unreasonable to argue that crude prices will rise at least a bit (leave $ roe out of the equation)
however, with world economies in a dreadful state, will demand actually improve and thus any rise (to say $50) be sustainable?

Close one position before lunch, today was my last day of the T+20 and as I was well in profits there is not much point on paying for the stock, anyway I am keeping the other one with some days still left.
The oil price at that time was weakening a bit also, though so far is keeping well considering the rise lately.

oil price

Oil Breaks Key Technical Level for First Time Since 2014

U.S. bench mark oil settled above the 200-day moving average for the first time since July 2014 as U.S. production continues to decline. West Texas Intermediate crude ended at $42.17, the highest level since November. Production dropped to 9.01 million barrels a day in the week ended April 1, the lowest since Nov. 2014, according to the EIA.

StockMarketWire.com
Premier Oil has confirmed first oil from the Solan field was safely achieved on April 12.

The first producer well (P1) is being naturally flowed at a deliberately restricted initial rate.

It is planned that the well will remain free flowing for a short time after which the ESP (pump) will be turned on.

Following this initial period and, taking advantage of the availability of the Superior Flotel, over which Premier has contractual options until the end of May, Premier intends to carry out a planned production shut down to complete the final commissioning of the water injection plant, the tie in of the second water injection well (W2) and preparation for the tie in of the second producer well (P2).

The Ocean Valiant rig is currently drilling the second producer well (P2y), where 1,500ft of high quality reservoir sands have been intersected and which is expected to be completed and tied-in by mid-year.

Production from the field is expected to build up to an anticipated production rate of 20-25 kbeopd in the second half of 2016 when both pairs of producer-injector wells will be on stream.

I was not only right in 1 but two of my comments yesterday, news tomorrow and Solan


mentor - 12 Apr 2016 11:50 - 312 of 316 edit this post

The case for PMO are much the same as ENQ with huge debt, but PMO are on top waiting for news of Solan coming into production any time soon

By the way there was a 1 share on the ticker ( meaning news on the way any time ) tomorrow?

Close 2nd position as the sell on the news seem right again today.
Had a good run since and PMO normally does that, a good run and then a good retracement, waiting for that now.
a 25.2% return on 13 days ( 2 weeks )

boy done good!

Proposed acquisition of the EPUK Group
On 13 January 2016, Premier announced that it had entered into a conditional agreement for the acquisition of the EPUK Group from E.ON Beteiligungen GmbH for a net consideration of $120 million plus a completion adjustment. On 1 February 2016, Premier announced that the amount of the completion adjustment had been agreed at $15 million and that the aggregate cash payment payable by Premier was therefore $135 million. The EPUK Group holds all of E.ON’s UK upstream oil and gas assets which are located in the Central North Sea, West of Shetlands and the Southern Gas Basin.
Subject to the satisfaction of certain conditions, it is currently expected that the completion of the Acquisition will occur by the end of April 2016. The terms and conditions of the Acquisition are contained in the Acquisition Agreements, which are summarised in Part III of this document.

http://www.premier-oil.com/premieroil/dlibrary/panda/Eva-FINAL-CIRCULAR.pdf

StockMarketWire.com
Premier Oil director, Falkland Islands and SE Asia, Neil Hawkings, has decided to step down from the board with effect from 30 June.

He will continue to work for Premier on a consultancy basis, with a particular focus on the Falkland Islands and SE Asia business units and will continue as a member of the Executive Committee. Independent non-executive directors David Bamford and Michel Romieu will stand down from the board at the close of the annual general meeting on 11 May.

Chairman Mike Welton said: "It is incumbent on us, in the current commodity price environment, to consider the appropriate size of board membership. I would like to thank David Bamford and Michel Romieu for their significant contribution to the Board and the Company during their service period as Board members and to wish each of them well for the future.

"I would particularly like to thank Neil Hawkings, who has been an executive Board member for over 10 years. I am delighted that Neil will continue to play a key role going forward in the business units and projects where his expertise is most valuable."