Keyword results: PMO

Bear

March performance update: start of 2021 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of March?…

Bear
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February performance update: start of 2021 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of February?…

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PMO
PMO
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UPDATED BREAKING: Million Moron March: UK Reddit Group selects its first stock to "burn the shorters" on Monday - it will be Metro Bank

Notwithstanding the fact that while long only hedge funds have made out like bandits on GameStop in the US while the sheep like followers of the “burntheshorters” Reddit group are now sitting on losses of up to 90%, the UK OneMillionTradeMarch Reddit group is, I can reveal, set to launch its first attack on Monday.

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Bear

November performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How’s the performance as at the end of November? (those in bold remain from 2019)…

Bear
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Premier Oil – now a post debt restructuring deal announcement sell

In my experience there are often opportunities to be had in shorting a company’s shares in the period after a debt restructuring deal has been announced as shareholders are generally slow to grasp the effect of the dilution on their interests…

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Bear
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October performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How’s the performance as at the end of October? (those in bold remain from 2019)…

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PMO
PMO
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Premier Oil – is it a good deal?

Premier Oil (PMO) has today announced an agreed deal that will see Chrysaor, a private equity-backed North Sea operator, takeover the company. I previously concluded I would not touch Premier Oil equity with a bargepole. This deal is a material change to the investment proposition, which I rather like…

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Bear
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September performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How’s the performance as at the end of September? (those in bold remain from 2019)…

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Bear

August performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How’s the performance as at the end of August? (those in bold remain from 2019)…

PMO
PMO
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Premier Oil – So long Solan or toast?

I have followed Premier Oil (PMO) for some years – it’s provided some wonderful opportunities to make money. With massive debts, relative to its equity, it’s provided a geared play on the oil price ever since the oil price crash of 2014/ 2015. Today we told further and better detail on the next round of refinancing to sort the debt. I wonder how many have spotted the lurking issue?

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Bear

July performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How’s the performance as at the end of July? (those in bold remain from 2019)…

June performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How's the performance as at the end of June? (those in bold remain from 2019)...

PMO
PMO

Easter performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How's the performance as at Easter? (those in bold remain from 2019)...

KOS
KOS
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Kosmos Energy – Not for Widows and Orphans, but I like this investment case.

Kosmos Energy (KOS) obtained a secondary listed on the London market in 2017, having been listed on the NYSE for some years. It’s not one I see often discussed on any social media platform and seems to me to just fly under the radar. The share price fell off a cliff in February tracking the oil price down. I have been watching this company for some time and can now see long term high risk value following the RNS yesterday updating on RBL and project timings.

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Bearcast
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Tom Winnifrith Bearcast: if you want to feel suicidal, buy oil shares then talk to Peter Brailey

I start with my family and Coronavirus as I discuss in full HERE. then should we taxpayers bail out all businesses? Even frauds? Or the Mob? I explain why folks like our in house Euro loon J Price are so badly wrong. I then look at Laura Ashley (ALY), Itaconix (ITX) and then the oil stocks. Could oil really hit $3 a barrel? Or $10? I look at Echo Energy (TOAST), Nostra Terra (TOAST), Premier Oil (PMO), Tullow Oil (TLW), BP (BP.) and Shell (RDSB) 

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Tom
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As an investor, doing nothing is generally under-rated (but sometimes the facts have changed)...

The oil price tanking - for reasons I explained at the weekend HERE - and shares tumbling across the board on concerns as to what damage the Coronavirus is doing, and will do, to the real economy and thus to corporate earnings. Generally, my view is that doing nothing as an investor is something that is greatly under-rated. It is perhaps better to wait until the smoke clears. Having said that, sometimes we need to accept that facts have changed and that does fundamentally alter an investment thesis...

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Oil-Rig
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Oil price implosion – what next? And which shares are buys and which zeros in waiting?

Readers know I focus on the oily investment space and try to track the macro picture as well as the detail of specific investments cases. I thought it only appropriate with the current oil price turbulence to offer a few views on my own, which I free admit are influenced by other respected commentators. I hope this is useful in forming and reforming opinions on investment cases in the sector.

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Bearcast
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Tom Winnifrith Bearcast: stockmarket and oil price crash special

Don't worry the sun will still rise tomorrow and we are not ALL going to die of Coronavirus. I discuss the oil price crash and stockmarket slump and look in particular at: Tern (TERN), Carnival (CCL), Bidstack (BIDS), Versarien (VRS), the antics of market makers, Diversified Gas & Oil (DGOC), Bahamas Petroleum (BPC), BP (BP.), Shell (RDSB), Tullow (TLW), Optibiotix (OPTI) and Premier Oil (PMO)

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February performance update: start of 2020 top shorted London-listed shares

Early this year we showed the top shorted London-listed shares at the start of 2020. How's the performance as at the end of February? (those in bold remain from 2019)...

PMO
PMO

BP Sells to Premier Oil and the Share Price Could Rise for Both

Hello, Share Smashers. The move by BP (BP.) to sell some of its North Sea assets to Premier Oil (PMO) may boost the share price of both companies. Premier will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its quarter stake in the Shell-operated Shearwater field. BP will raise £474 million from the deal. The Andrew platform is 140 miles northeast of Aberdeen. Why is BP doing this?...

RKH
RKH
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Things could start to get interesting again for Falkland Islands oil - buy Rockhopper for the longer-term

Rockhopper Exploration (RKH) was one of the most popular shares on the AIM market at one time, but in recent years it has fallen totally out of favour and its share price has plummeted. It is nearly a decade since this oil explorer first announced a big discovery at its Sea Lion prospect in the North Falkland basin and its share price rocketed, hitting highs of in excess of 550p per share and a market cap in the hundreds of millions...

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88E
88E
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88Energy – Some hope at last, when previously there was little...but

Over the last few years I have watched passively as 88Energy (88E) has tried to exploit what it perceives as great oil opportunities at Icewine and has been happy to bandy about some very large resource numbers, only equalled by the number of bulletin board posts on the matter and the number of words in the torrent of RNS irrelevance. A new farmout deal to Premier Oil (PMO) looks to me like the first real sign that 88Energy actually may have a chance of delivering something of value. But....

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RKH
RKH
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Rockhopper Exploration – Further positive news on Sealion: BUY

It was only a month ago I commented on Rockhopper Exploration (RKH) and speculated on some of the matters surrounding the SeaLion development. Several developments have occurred since which have reconfirmed my positive stance.

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PMO
PMO
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When oil bounces, Premier could easily see a quick 50% rise

Premier Oil (PMO) has always been highly geared towards movements in the oil price, so it is hardly surprising that its share price has been dropping recently.

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Stockmarket crash performance update: start of 2018 top shorted London-listed shares

Early this year we showed the ten top shorted London-listed shares at the start of 2018. After the recent market slide and compared to end-September, how's the latest performance?...

PMO
PMO

ShareProphets readers tips for 2018 competition - half-year update

Having asked for readers tips for 2018 for the amazing prize of a meal with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected, on a per username basis, a buy & sell pick from the LSE or AIM Casino and the stocks not to have been suspended at the commencement of 2018)...

DEB
DEB

(Late) monthly update: start of 2018 top shorted London-listed shares

Early this year we showed the ten top shorted London-listed shares at the start of 2018. After the latest month, how's performance?...

A broker presents the bear case for UK Oil & Gas

I am a bear of Uk Oil & Gas (UKOG) but here is a leading broker in a private email to his clients putting the bear case very eloquently indeed. Here is why you should sell your shares in the company best known for the now infamous Gatwick Gusher !

PMO
PMO

A Perky Oil Price and Refinancing Could See Premier Oil Rise Again

Hello, Share Crunchers. With the oil price soaring and possibly targeting $70 a barrel, it’s worth looking at a few of the less gigantic producers. Today I give you Premier Oil (PMO) which does both oil and gas with operations based in some interesting places.

Oil Shares and that Tomahawk Strike

Hello Share Chirpers. Once again, hostilities threaten the world. The Americans have launched a missile strike on a Syrian airfield. The Russians and the Iranians don’t like it. The Middle East is in even more turmoil.

PMO
PMO

It’s Better to Travel than Arrive and Premier Oil has Arrived

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) 

Bearcast

Tom Winnifrith Bearcast: Justin the Clown might upgrade from his cardboard box home in time for Christmas

In this bearcast I start with yesterday's party with my wife's colleagues, the Guardian reading sociology lecturers. I was biting my lip hard. Then it is onto Trakm8 (TRAK) and a general point about acquisitive companies - the specifics of my latest triumph are covered HERE. Then it is onto Cloudtag (CTAG) and a detailed look at the numbers for Advanced Oncotherapy (AVO) in terms of when it will run out cash, then onto Boxhill (BOX) and more questions for sleazy Lord Razzall. I then cover Premier Oil (PMO) and the stock that left podcasting share ramper Justin the Clown living in a cardboard box, Andalas Energy (ADL)

Bearcast

Tom Winnifrith Bearcast: If I wrote that Oxfam were a bunch of Guardian reading incompetent tossers, I meant to say visionaries

My comments about Oxfam relate to Mkango Resources (MKA) - see the link on the right of this page. In the podcast I also cover Totally (TLY), PGC Entertainment (PGCE), African Potash (AFPO) where I now am sure I know when the Nomad quit and why, Cambria Auto (CAMB) and Westminster Group (WSG). I also answer Malcolm's  earlier question on Premier (PMO). No. Malcolm. No.

PMO
PMO

Black Friday? Is that an Invitation to Reconsider Ebony Nectar Producer, Premier Oil?

Hello Share Shufflers. Though I hold quite a few mid-size oil companies, I do not have a stake in Premier Oil (PMO). Perhaps I should, though. The company has been in final stages of financing with banks and bond holders. That signals that the big lenders have faith in the company.

Bearcast

Tom Winnifrith Bearcast: Lock her Up! Lock her Up! Drain the Swamp! Drain The Swamp

I start with the US Election. My last piece on why the polls are wrong and on who will win is HERE. Talking of a rigged affair I move onto Cloudtag (CTAG) and then to Redcentric (RCN) and MXC Capital (MCXP). Then I look at Premier Oil (PMO), Mkango (MKA), Golden Saint (GSR) and Servision (SEV) before ending with a chant for The Donald.

PMO
PMO

Premier Oil – Covenants deferred again as it walks the financial tightrope

This morning brought news that the covenant test for Premier Oil (PMO) has been delayed for the third time. While the support from the lending group is to be welcomed, the continuing need for deferral proves that the company's equity holders remain on a financial tightrope.

PMO
PMO

Premier Oil looks shaky going forwards

Premier Oil (PMO) has just released its interim results, but I’m not convinced they are quite as rosy as they might initially appear at first glance.

PMO
PMO

Premier Oil - Lenders agree to turn a blind eye to possible default pro tem, shareholders should not - sell

Premier Oil (PMO) is drowning in $2.6 billion of debt but when you owe that much it is not you who is in trouble but the lenders. And so today we are told that those who are really screwed by the situation are continuing to pretend everything is okay. "Fingers in ears can't hear you, pillow on head, can't see anything wrong". Whatever.

Bearcast

Tom Winnifrith Bearcast: Insulting Froggies on Bastille Day and Morons on Gulf Keystone day

It is of course Bastille Day and that, of course, prompts a few jokes at the expense of the Froggies. I then move into Gulf Keystone (GKP) and a spot of moron baiting and working out moron investing game theory. I then move to a detailed look at Digital Globe (DGS) before covering en passant XCite (XEL), LGO Energy (LGO), Trinity (TRIN), Circle Oil (COP), Premier Oil (PMO), IGAS (IGAS) and Nostra Terra (NTOG). I also comment on Glenwick (GWIK), 88 Energy (88E), Strat Aero (AERO) and Inspirit Energy (INSP) 

PMO
PMO

Premier Oil: covenants breached, Falklands assets will go warns SP Angel

Today's assassination with a pen from Zac Phillips at SP Angel is on Premier Oil (PMO) with a stark warning that things may be an awful lot worse than any share price rally might imply. Ouch. Zac writes:

IGAS PLC Hot on the Heels of Gulf Keystone. Sell at 12.5p

As Gulf Keystone (GKP) sputters toward its inevitable fate, the hunt is on to spot the next equity wipeout in this space. There are quite a few runners and riders. I mentioned Xcite (XEL) a while back and Premier Oil (PMO) is also in the frame.  My nap however is Igas Plc (IGAS) as the next for the chop.

PMO
PMO

Premier Oil – Lenders give more time, situation remains grave - SELL

I previously noted the importance of a successful conclusion to Premier Oil’s (PMO) bank lender discussions, and made the case that a very large equity raise was probably needed to put the company back on a sound footing. This morning finally sees some news on those lender discussions, made necessary by Premier’s inability to satisfy its covenants.

PMO
PMO

Premier Oil - Holed Below the Waterline? (Part 2)

Yesterday in Part 1, I outlined the gravity of the situation facing Premier Oil’s (PMO) equity investors. In that piece, I presented my view that the purchase of E.ON’s North Sea assets was an attempt to temporarily fix a covenant breach situation, but that any profits it generates are unlikely to be material against Premier’s debt pile.

PMO
PMO

Premier Oil - Holed Below the Waterline? (Part 1)

Anyone lucky enough to buy independent exploration and production company Premier Oil (PMO) around the January lows achieved a two-bagger in quick time as the shares rallied rapidly from around 20p to achieve a high of 75p last month. It is currently capitalised at £360 million ($500 million) and is a favourite on the bulletin boards. Sadly, it’s not yet clear that Premier has its house in order. There could be some serious pain yet to come.

PMO
PMO

Premier Oil: The Sting in the Tail - could it still default on debt? Not if but when...

Premier Oil (PMO) has today served up full year numbers and all things considered it is not quite the horror show it could have been. The E.On acqusition looks transformational but hang on...what is this in the final sentence of the opening verbage:

Bearcast

Tom Winnifrith Bearcast 13 January - Ive never met a nice South African - no that's a lie

After today's twitter harassment from Yusuf Kajee of Afriag (AFRI) I was rather reminded of the Spitting Image classic below. But it's a lie. I had a good chat with Jan Nelson of Xtract (XTR) who is a nice South African and I offer a few thoughts on his company and explain why our podcast interview will be in a few days. The it is onto LGO Energy (TOAST) and Jabba The Hutt ramping, Stanley Gibbons (SGI), Premier Oil (PMO), Independent Oil & Gas (IOG) and the China frauds. I also mention the new vehicle of Andrew "piggy" Austin of IGAS Infamy which Nigel takes apart HERE. He is not a South African but should be.

TLW
TLW

Time to build a position in Tullow Oil

The oil price is on its knees, but I think we’re very close to being at a stage where its time to start buying oil producers for the longer term. The trick is going to be picking those that are strong enough to survive in the current climate, and avoiding those that could get into serious trouble with their debt.

RKH
RKH

Zak Mir's Great Request Show: Entertainment One, Premier Oil, Rockhopper

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Entertainment One (ETO), Premier Oil PMO) and Rockhopper (RKH) setting share price targets for all three stocks.

TLW
TLW

Reduced hedging to cause more pain for oil producers

Oil producers have had a terrible year, but I think there could be more of the same to come and we will see some more casualties. Unfortunately oil is one of my favourite sectors and it has performed abysmally over the past 12 months or so, thanks to the crash in oil prices, with WTI currently sitting at around the $40 area, and Brent at circa $43.

PMO
PMO

Will Premier Oil decide to progress Sea Lion next year?

On Monday Premier Oil (PMO) announced the sale of its Norwegian assets for $120million cash. The company will use the money to help pay down some of its sizeable debts. According to its half yearly report, Premier had net debts of just over $2billion versus cash and undrawn debt facilities of $1.5billion. The business is clearly struggling, as reflected by its share price performance over the last eighteen months. On the verge of tumbling out of the FTSE250, Premier trades at 74p (last seen) and has a market cap of £376million. If things don’t improve for Premier in the near’ish term, this could have a nasty effect on Rockhopper (RKH) and, more specifically, commercialisation of the Sea Lion discovery in the North Falklands Basin.

PMO
PMO

Zak Mir's Great Request Show: Glencore, Plethora Solutions, Premier Oil

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Glencore (GLEN), Plethora Solutions (PLE), Premier Oil (PMO) and offer some share price targets.

JLP
JLP

Zak Mir's Great Request Show: Aquarius Platinum, Jubilee Platinum, Premier Oil.

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at the shares of Aquarius Platinum (AQP), Jubilee Platinum (JLP), Premier Oil (PMO) and offer some share price targets.

TLW
TLW

More pain to come for the oil sector

Oil companies have been hammered again in recent months, but I think there is still far worse to come for some of them. Reading the bulletin boards you could probably be forgiven for not realising the extent of the problems that many producers will be facing in the near future, as some investors are sticking their heads in the sand and expecting a quick bounce back in the oil price – as they have been for months now!

RKH
RKH

Could the Mediterranean Oil & Gas takeover get Rockhopper’s share price moving again?

This morning’s announcement by Rockhopper Exploration (RKH), to take over Mediterranean Oil & Gas (MOG), is a very interesting move. Shareholders in Rockhopper had readied themselves to sit back and wait for the commercialisation of the Sea Lion field, north of the Falklands Islands, hopefully by 2018. Meanwhile, shareholders in Mediterranean, flush with the recent legal victory over Leni Gas & Oil (LGO), still had a nervous wait on the outcome of the  soon to spud Hagar Qim exploration well, off the coast of Malta. Today’s deal delivers a significant shake-up to the status quo of both companies and could present a buying opportunity.

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