By Lucian Miers | Saturday 11 February 2017
Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I resisted the temptation to short Premier Oil (PMO) a year ago, along with Afren, Gulf Keystone and Petroceltic as it was never in the same basket case league as that lot. I even hitched a brief ride North as it became clear that a wipe out was not going to happen. (In case I come across as arrogant or smug I should declare that I was short Hurricane Energy at the time which more than did for the Premier rise)
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