Notwithstanding the fact that while long only hedge funds have made out like bandits on GameStop in the US while the sheep like followers of the "burntheshorters" Reddit group are now sitting on losses of up to 90%, the UK OneMillionTradeMarch Reddit group is, I can reveal, set to launch its first attack on Monday.
Premier Oil (PMO) has today announced an agreed deal that will see Chrysaor, a private equity-backed North Sea operator, takeover the company. I previously concluded I would not touch Premier Oil equity with a bargepole. This deal is a material change to the investment proposition, which I rather like...
I have followed Premier Oil (PMO) for some years – it’s provided some wonderful opportunities to make money. With massive debts, relative to its equity, it’s provided a geared play on the oil price ever since the oil price crash of 2014/ 2015. Today we told further and better detail on the next round of refinancing to sort the debt. I wonder how many have spotted the lurking issue?
Early this year we showed the top shorted London-listed shares at the start of 2020. How's the performance as at the end of May? (those in bold remain from 2019)...
Early this year we showed the top shorted London-listed shares at the start of 2020. How's the performance as at Easter? (those in bold remain from 2019)...
Hello, Share Smashers. The move by BP (BP.) to sell some of its North Sea assets to Premier Oil (PMO) may boost the share price of both companies. Premier will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its quarter stake in the Shell-operated Shearwater field. BP will raise £474 million from the deal. The Andrew platform is 140 miles northeast of Aberdeen. Why is BP doing this?...
Premier Oil (PMO) has always been highly geared towards movements in the oil price, so it is hardly surprising that its share price has been dropping recently.
Having asked for readers tips for 2018 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2018)...
Hello, Share Crunchers. With the oil price soaring and possibly targeting $70 a barrel, it’s worth looking at a few of the less gigantic producers. Today I give you Premier Oil (PMO) which does both oil and gas with operations based in some interesting places.
