Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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 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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