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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Premier Oil - Production forecast to grow from 55,000 to 80,000 boepd by 2018

December 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PMO
  • Price:
  • 69.5p
The halving in crude oil prices has affected the good, the bad and the ugly but such an indiscriminate sweep throws up juicy trading opportunities to acquire better quality oil explorer and producer (e&p) shares at bombed out prices, which could spike on any meaningful rally. Shell’s CEO has already noted the first “mixed signs of recovery” and anticipates an upward price spike due to stalling US shale growth and declining production outside OPEC. Meanwhile, US oil rig count (a proxy for drilling activity) has fallen for seven straight weeks to 595 and is down from a high of 1,600 in 2014.One of the biggest beneficiaries could be Premier Oil, whose main interests span the North Sea, Vietnam, Indonesia and the ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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