Ripley94
15 May 2019
Brent crude back over $74 again. Is $74.24 as I type this SOCO XXXX Dropped to 63.5p couple of days back , might visit again today .
Diesel
15 May 2019
Sold a few I read somewhere that TD & his family own 30m shares in PMO, assuming that’s correct surely at some point self interest will dictate that shareholder value will take precedent. Also he is in his 60’s so I would think must be thinking about life after pmo. For the time being I’m keeping strong, but I still feel the tide could turn very quickly. Let’s see how the update is received
Beatley
15 May 2019
Sold a few The macro environment certainly doesn’t help with Trump spouting off every 5 minutes, but the lack of direction in the share price is becoming a concern. Fundamentals are improving, revenue, FCF, EBITDA and EPS should all be up this year. Debt will reduce and with it bring our debt metrics in line with peers, we have two massive undeveloped oil fields within the portfolio, some exciting acreage and two new developments to come on-stream over the next two years and yet the share price is still behaving like it did in the dark days of the refinancing. Personally, I’m going to give it a few more months but if the market continues to ignore the improving fundamentals, and in the absence of any shareholder returns, I’ll very quickly run out of reasons to hold the stock.
dbatey22
13 May 2019
Tony Durrant Interview @Beatley Good point, I think I missed the ‘Net’ figure, I just took the figure of $2575 from the post on the other thread. But of course that is gross debt. Apologies. But still hoping for $1bn EBTIDA, which would be a good result - and leave them plenty to invest. DB
Beatley
12 May 2019
Tony Durrant Interview Hi dbatey22, not sure I understand the $600m of debt reduction that you’ve mentioned. Last years net debt was $2.3bln, so getting down to $2bln would be $300m of debt reduction, which is still a respectable number when taking into account CAPEX, ABEX and the massive interest costs ($200m+) that we are still incurring. The senior loan notes should be binned as soon as they can be, $538m of debt for near $50m in interest costs is huge given the current rate environment. The increase is of course related to the pound of flesh the creditors wanted to support the refinancing but it should be addressed asap. ATB
More4us
15 May 2018
[link] epic min hot off the press Minoan Group reaches deal with preferred buyer of travel and leisure division Minoan Group has revealed an exclusivity agreement has been signed with the preferred buyer of its travel and leisure division.
Moneymaker
09 Jan 2018
Just wanted to share with you this great book about oil and gas Hi guys I have just read this great book 📚 : [link] Title : DAY-TO-DAY OIL & GAS TRADING AND SHIPPING DELIVERY: INSIDE THE OIL & GAS MARKET Just wanted to share with you this great book about oil and gas . Take care
Parlee
09 Jan 2018
Onedb1 - shorts Onedb1 - I understand utilising a short for when your primary strategy is to collect the coupon rate and hold the bond, but by employing this strategy with Premier Oil you will restrict the upside potential of your equity when you convert. Unless you close the short before a significant rise, suggesting for profit maximisation there is more yoyoing of the share price yet to happen, or the shorters have got it wrong. Compare warren Buffet and his Bank of America Pref shares he converted. A short would have reduced his profit. Happy to be proved wrong with an example, let's say shorts taken out at 70 pence, bonds convert at 300 pence. Thanks
Parlee
09 Jan 2018
Onedb1 - shorts
Steakeater
02 Mar 2017
How do you find the main share holders?
Steakeater
21 Dec 2016
I'm surprised PMO is not much higher considering where crude is trading at these days!
Steakeater
13 Dec 2016
Well I just topped up at 72p, purchases in recent weeks at 62, 66 and now 72p
Steakeater
13 Dec 2016
New to this discussion, is today's pullback worth topping up your holding?
STRIDER
27 Oct 2016
Looks like the covenants are still being hashed out at present and still may take time to resolve. Probably due to the quantity of lenders involved as I understand. However there should be a Trading & Operations Update on 17 November.
Dano1
22 Sep 2016
Tlw
