1502 days ago
I start with my family and Coronavirus as I discuss in full HERE. then should we taxpayers bail out all businesses? Even frauds? Or the Mob? I explain why folks like our in house Euro loon J Price are so badly wrong. I then look at Laura Ashley (ALY), Itaconix (ITX) and then the oil stocks. Could oil really hit $3 a barrel? Or $10? I look at Echo Energy (TOAST), Nostra Terra (TOAST), Premier Oil (PMO), Tullow Oil (TLW), BP (BP.) and Shell (RDSB)
1509 days ago
Don’t worry the sun will still rise tomorrow and we are not ALL going to die of Coronavirus. I discuss the oil price crash and stockmarket slump and look in particular at: Tern (TERN), Carnival (CCL), Bidstack (BIDS), Versarien (VRS), the antics of market makers, Diversified Gas & Oil (DGOC), Bahamas Petroleum (BPC), BP (BP.), Shell (RDSB), Tullow (TLW), Optibiotix (OPTI) and Premier Oil (PMO)
2707 days ago
In this bearcast I start with yesterday's party with my wife's colleagues, the Guardian reading sociology lecturers. I was biting my lip hard. Then it is onto Trakm8 (TRAK) and a general point about acquisitive companies - the specifics of my latest triumph are covered HERE. Then it is onto Cloudtag (CTAG) and a detailed look at the numbers for Advanced Oncotherapy (AVO) in terms of when it will run out cash, then onto Boxhill (BOX) and more questions for sleazy Lord Razzall. I then cover Premier Oil (PMO) and the stock that left podcasting share ramper Justin the Clown living in a cardboard box, Andalas Energy (ADL)
2724 days ago
I start with the US Election. My last piece on why the polls are wrong and on who will win is HERE. Talking of a rigged affair I move onto Cloudtag (CTAG) and then to Redcentric (RCN) and MXC Capital (MCXP). Then I look at Premier Oil (PMO), Mkango (MKA), Golden Saint (GSR) and Servision (SEV) before ending with a chant for The Donald.
2824 days ago
Premier Oil (PMO) is drowning in $2.6 billion of debt but when you owe that much it is not you who is in trouble but the lenders. And so today we are told that those who are really screwed by the situation are continuing to pretend everything is okay. "Fingers in ears can't hear you, pillow on head, can't see anything wrong". Whatever.
2844 days ago
It is of course Bastille Day and that, of course, prompts a few jokes at the expense of the Froggies. I then move into Gulf Keystone (GKP) and a spot of moron baiting and working out moron investing game theory. I then move to a detailed look at Digital Globe (DGS) before covering en passant XCite (XEL), LGO Energy (LGO), Trinity (TRIN), Circle Oil (COP), Premier Oil (PMO), IGAS (IGAS) and Nostra Terra (NTOG). I also comment on Glenwick (GWIK), 88 Energy (88E), Strat Aero (AERO) and Inspirit Energy (INSP)
2846 days ago
Today's assassination with a pen from Zac Phillips at SP Angel is on Premier Oil (PMO) with a stark warning that things may be an awful lot worse than any share price rally might imply. Ouch. Zac writes:
2984 days ago
Premier Oil (PMO) has today served up full year numbers and all things considered it is not quite the horror show it could have been. The E.On acqusition looks transformational but hang on...what is this in the final sentence of the opening verbage:
“Significant liquidity with cash and undrawn bank facilities of US$1.2 billion; unsecured facilities not subject to semi-annual redetermination; E.ON acquisition will be materially covenant accretive; further relaxation of covenants may be required if low oil prices persist”
3027 days ago
After today's twitter harassment from Yusuf Kajee of Afriag (AFRI) I was rather reminded of the Spitting Image classic below. But it's a lie. I had a good chat with Jan Nelson of Xtract (XTR) who is a nice South African and I offer a few thoughts on his company and explain why our podcast interview will be in a few days. The it is onto LGO Energy (TOAST) and Jabba The Hutt ramping, Stanley Gibbons (SGI), Premier Oil (PMO), Independent Oil & Gas (IOG) and the China frauds. I also mention the new vehicle of Andrew "piggy" Austin of IGAS Infamy which Nigel takes apart HERE. He is not a South African but should be.
4038 days ago
FTSE-250 constituent Premier Oil (PMO) has this morning noted that exploration well 16/4-6S on the Luno II prospect (Premier: 30%) in the Norwegian North Sea “has resulted in a potentially significant oil discovery”. This has helped Premier’s shares up just over 5% to 381.4p at the time of writing. This is up from late 2008 lows of little more than 116p and 336.5p at which the shares commenced 2013. They did however hit 535p in early 2011 and the following updates on today’s announcement and its significance from an investment point of view.
4051 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip on FTSE 250 listed Premier Oil. Sam writes...
The calendar 2012 results for Premier Oil (PMO) came out on March 21 and following a detailed trading update in January there were no great surprises. The shares have moved along steadily since mid-January when I noted their attractions HERE at 367p and now trade at 393p, valuing this FTSE 250 listed oil producer at £2.08 billion.
2012 was a good year but should have been better. The key for Premier is that it has built in growth which is fully funded moving forward.
4122 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from him from TradingResearch Point…
If one tracks the Bulletin Boards the excitement in the oil sector always seems to surround the smaller oil companies. As my former colleague from my days working with Oilbarrel and t1ps, Robert Sutherland Smith, recently noted here one always needs exposure to oil. However buying a pure E&P punt is a play on exploration success and only indirectly on the crude price – it is not a true hedge – and that brings me to Premier Oil (PMO) which is a FTSE 250 stock valued at £1.94 billion. Its production and proven reserve base more than underpin that valuation leaving the exploration upside in for virtually nothing, something I expect to be demonstrated in an operations update out on Thursday 17th January.
