|Bid||82.00 x 2221100|
|Ask||97.50 x 472400|
|Day's Range||93.37 - 97.00|
|52 Week Range||42.75 - 104.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 7, 2018 - Mar 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.26|
Premier Oil plc (LSE:PMO), an energy company based in United Kingdom, led the LSE gainers with a relatively large price hike in the past couple of weeks. With many analystsRead More...
Formerly sceptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices. Oil stocks could begin to close that gap if results live up to lofty expectations, with Goldman Sachs predicting the strongest free cash flow figures in a decade for the sector. Oil is the best-performing global asset this year, with Brent crude up 11.4 percent since January, but energy stocks have continued to lag the commodity.
Premier Oil (PMO.L) will look at extending the timeframe for oil price hedges beyond 12-18 months to protect its balance sheet and return on investments which might take years to start operating fully, Finance Director Richard Rose said.
Mexico awarded nearly half of the 35 oil and gas blocks tendered on Tuesday, in an auction where state-run Pemex took advantage of growing political risk ahead of a presidential election to consolidate its predominance in the Gulf's shallow waters. The bidding round is the last before the July 1 election in Mexico, which has been directly competing with Brazil for foreign investment in recent years.
Being a top female earner for a major integrated oil company is a rarity, but among the smaller explorers and producers it’s even more of an anomaly.
Premier Oil plc’s (LSE:PMO): Premier Oil plc, an upstream oil and gas company, engages in the exploration, production, and development of oil and gas properties primarily in the United Kingdom.Read More...
Premier Oil is interested in increasing its 50 percent interest in the Catcher North Sea oilfield that produced first oil in December, Chief Executive Tony Durrant told Reuters on Thursday. "We would love to have more of Catcher. It depends on the structure of the sale," Durrant said when asked whether Premier was looking at a 20 percent stake in the field that banking sources said is earmarked for sale by MOL.
Premier Oil plc (LSE:PMO) is a small-cap stock with a market capitalization of UK£540.81M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, theyRead More...
Premier Oil plc’s (LSE:PMO) most recent return on equity was a substandard 0.67% relative to its industry performance of 6.79% over the past year. An investor may attribute an inferiorRead More...
Royal Dutch Shell (RDSa.L) snapped up nine of 19 Gulf of Mexico oil and gas blocks awarded in a Mexican auction on Wednesday, as the global oil major ramped up its big bet on Latin America's deep waters. The auction raised an estimated $93 billion in investment for Mexico and was the biggest since the country's energy sector opened to foreign firms in 2014. The stakes were high for Mexican President Enrique Pena Nieto and his struggling party, which wants to showcase the results of its energy liberalisation ahead of a presidential election in July.
Mexico will on Wednesday offer foreign energy firms the right to drill beneath prized deep waters in the Gulf of Mexico that may contain billions of barrels of oil, the climax of an historic energy reform just five months before a presidential election. The auction of 29 blocks is the biggest since the government of President Enrique Pena Nieto enacted a wide-ranging reform that aimed to attract hundreds of billions of dollars of investment to turn around a state-run oil industry in decline.
Premier Oil plc (LSE:PMO) is trading with a trailing P/E of 116.8x, which is higher than the industry average of 14.5x. Although some investors may jump to the conclusion thatRead More...
Premier Oil (PMO.L) will keep spending tight and focus on paying down debt in 2018 even as higher oil prices and a 10 percent increase in output help it shake off a three-year downturn, the chief executive said on Thursday. A recovery in oil prices to just below $70 a barrel will allow Premier to reduce a $2.7 billion (2.00 billion pounds) debt pile, which is more than four times the company's current market value, CEO Tony Durrant told Reuters. Revenue is expected to climb with the higher oil prices and production, which is expected to rise to 85,000 barrels of oil equivalent per day (boe/d) from about 75,000 boe/d in 2017.
CATS Management Limited (CML), a British gas infrastructure company owned by Antin Infrastructure Partners, has acquired 65 percent of Britain's Esmond Transportation System (ETS) pipeline and will keep Perenco as its operator, the firm said on Tuesday. CATS did not give a value for the transaction. ETS, a 165-kilometer pipeline that transports gas from fields in the southern North Sea to Britain's Bacton gas terminal, is operated by Perenco, which also runs the country's Trent and Tyne gas fields.
EnQuest Plc and Premier Oil Plc are among the companies operating in the U.K. North Sea that may be affected by the unplanned shutdown of a crucial oil conduit.
(Reuters) - Premier Oil Plc will sell its 30 percent stake in a North Sea pipeline to UK gas infrastructure company CATS Management Ltd for up to 23.6 million pounds, it said on Monday. The Esmond Transportation ...
Premier Oil Plc will sell its 30% stake in a North Sea pipeline to UK gas infrastructure company CATS Management Ltd for up to 23.6 million pounds ($31.68 million).
Premier Oil plc (LSE:PMO) is a small-cap stock with a market capitalization of GBP £366.22M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies,Read More...
The company also cut its 2017 capital expenditure plan for the third time, and said debt reduction would accelerate through 2018 as its investment commitments fall. The start-up of Catcher is key to increasing Premier's revenue to pay down net debt, which rose to $2.8 billion at the end of September from $2.7 billion at the end of June. Premier also said it expected to be cash flow positive in the fourth quarter and for the whole of 2017, with higher production and oil prices offsetting spending at Catcher.
Premier Oil (PMO.L) is seeking buyers for a 25 percent stake in the Tuna field development in Indonesia after reaching a gas sale deal with Vietnam, Chief Executive Tony Durrant said on Thursday. Premier and SKK Migas signed on Nov. 10 an agreement to sell gas to Vietnam from the Tuna development, Premier said in a trading update. The offtake agreement "represents a significant step forward in the potential development of the field envisaging using a new cross-border pipeline to connect the Tuna area to the existing Nam Con Son Pipeline system in Vietnam," Premier said.