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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Premier Oil

June 2019

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:
  • 88p
President Trump’s determination to follow through on the Iranian oil embargo (the six month waiver will not be extended) has combined with civil war troubles in Libya and successful tightening of supply by OPEC and Russia to drive up oil prices to US$74 / barrel, before retracing to US$70. Premier has also cheered investors by announcing another successful well test at the Zama field in Mexico (25% interest). This time, its joy came from the Zama-2 side track well, which CEO Tony Durrant says provides further evidence of a world-class reservoir. Original estimates are for net reserves of 150m barrels oil and peak production of 40-45,000 barrels oil per day. That’s significant when compared to current production of c. 80.5k bo ...

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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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