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Premier Oil - Shares could spring back sharply

December 2018

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
Ring your stockbroker for an equity investment idea and he is unlikely to suggest piling into shares in a company in a sector that is in a bear market. But that in fact could be a smart move. Crude is officially in a bear market, having lost 30% over a little more than a month thanks to the sanction waivers that the US administration granted to eight large Iranian oil importers, pretty much diffusing the bomb of shortage concern that had resulted in some analysts forecasting Brent at US$100 a barrel by the end of the year. Whilst share prices of the majors, Shell and BP, are off modestly, at the smaller company end, Premier Oil (PMO; 70.5p) has halved from 140p but  with the impact on profits of a small rise in the oil pr ...

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Premier Oil (September 2019)

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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