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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.

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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Premier Oil - Shares hit by Saudi price war (April 2020)

Premier Oil - Transformational acquisitions will add US$1bn free cash flow by 2023 (February 2020)

Premier Oil - Disposal of Zama one step closer (December 2019)

Premier Oil (November 2019)

Premier Oil - Proposed Zama sale will transform financial health (October 2019)

Premier Oil - Jefferies thinks Zama discovery could attract bidder (August 2019)

Premier Oil - Record production could drive re-rating (April 2019)

Premier Oil (March 2019)

Premier Oil - Proposed take-over of Zama partner puts Premier into play™ (January 2019)

Premier Oil - CFO highlights multiple catalysts that could deliver re-rating (October 2018)

Premier Oil (September 2018)

Premier Oil (July 2018)

Premier Oil (May 2018)

Premier Oil (March 2018)

Premier Oil - Jefferies upside scenario target price: £2 (February 2018)

Premier Oil - After a two year wait everything is coming together (January 2018)

Premier Oil - Asset disposal yields strong gain (November 2017)

Premier Oil (September 2017)

Premier Oil (August 2017)

Premier Oil - Refinancing a done deal (May 2017)

Premier Oil - Refinancing nearly complete (February 2017)

Premier Oil - OPEC cuts are a game changer (January 2017)

Premier Oil - Solan first oil boosts output (November 2016)

Premier Oil (September 2016)

Premier Oil - Oil recovery allows increased hedging (July 2016)

Premier Oil - Rising oil price boosts shares (April 2016)

Premier Oil - JPâ€ˆMorgan Cazenove introduces 60p price target (March 2016)

Premier Oil (February 2016)

Premier Oil - Production forecast to grow from 55,000 to 80,000 boepd by 2018 (December 2015)

Premier Oil - Our top E&P pick to benefit from oil price recovery (November 2015)

Premier Oil - Growing number of high impact wells (December 2005)

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.

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Premier Oil

June 2019

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