Primary Recommendation

Premier Oil - Proposed Zama sale will transform financial health

October 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.

One of the classic ways to make money is to identify a well-run but heavily indebted firm capable of rapidly reducing its borrowings in a timely manner; usually the shares will re-rate sharply when investors wake up to this de-gearing and can then appreciate the underlying growth prospects.That is exactly the story at Premier Oil, a dynamic oil & gas exploration and production company that has come through a turbulent phase. Its bread and butter is the UK North Sea, which has propelled average production for the group from 57,600 barrels oil equivalent per day (boepd) to a record 84,100 boepd in H1 ’19 and with over 40% future production in H2 this year locked in at an attractive US$69 / per barrel (against current prices ...

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

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

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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)

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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)

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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)

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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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