Home » Posts tagged 'pmo'
Tag Archives: pmo
Brand CEO Alan Green discusses Premier Oil #PMO and Prairie Mining #PDZ on RTCTV
Brand CEO Alan Green discusses Premier Oil #PMO and Prairie Mining #PDZ on RTCTV. The interview is 44 minutes in.
Reiterate buy Premier Oil #PMO says VectorVest. A sharp improvement in trading, cashflow and outlook.
Premier Oil plc (PMO.L) engages in the exploration, development, and production of oil and gas properties. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the UK, Vietnam and the Rest of the World. In total, the Company manages approximately 760 million barrels of oil equivalent (mmboe). The Company has production rates of over 90 thousand barrels of oil equivalent per day (kboepd). The Company focuses on producing 68 to 73 kboepd. The Company’s four-well North Falklands Basin campaign targets multiple stacked fans in PL004 and PL032 using the Eirik Raude rig. The Company owns an interest in over two licenses, such as Natuna Sea Block A and Kakap.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On August 24th 2-17, PMO published a half year report, where it revealed record production of 82.1 kboepd, an increase of 34.5% on the prior period. In addition, PMO reported cash flows from operations of $292m, up 168% on the prior period, and confirmed completion of a comprehensive refinancing programme. Looking forward PMO cited the potential of the new BW Catcher development, and on October 24thconfirmed that delivery of first oil remains on schedule for the end of 2017. PMO also raised a further $200m from the sale of the Wytch Farm field to Verus Petroleum, confirming CEO Tony Durrant’s statement that PMO is “ahead of plans to restore financial strength” and is “progressing a number of exciting projects for future growth.”
VectorVest first published a note on PMO in March this year, where we highlighted how debt restructuring worries had weighed heavily on the share price. The solid progress delivered since our March note underscores the opportunity on offer, although the PMO RS (Relative Safety) metric scores a poor 0.82 on a scale of 0.00 to 2.00. However, the RT (Relative Timing) metric, a fast, smart and accurate indicator of a stock’s price trend sees PMO score 1.61, which is excellent on a scale of 0.00 to 2.00, and this is backed up by an excellent GRT (Earnings Growth Rate) rating of 34%. GRT reflects a company’s 1-3 year forecasted earnings growth rate in % per year. VectorVest values PMO at 100p per share, meaning that despite the recent recovery to 76p, the stock remains undervalued.
The chart of PMO.L is shown above. The price action is in candlestick format while the VectorVest calculated valuation of PMO.L is shown by the green line study above the price. The share is on a BUY recommendation on VectorVest with the last BUY signals occurring at the start of September 2017. Of note to technical analysts is the completed “inverted head and shoulders reversal pattern”. This pattern has a strong base since March 2017 and is technically very positive for the share.
Summary: PMO is scheduled to deliver a further trading update in late November. As in our previous note, we have highlighted PMO as an opportunity to aggressive traders, but unlike our previous note, the RT (Relative Timing), (GRT) Earnings Growth and Valuation all point to a sharp improvement in trading, cashflow and outlook. With the financial restructuring complete, PMO is now flagged as a Buy on the VectorVest platform, although cautious traders may want to wait until after the trading update before making a move.
Dr David Paul
November 7 2017
Readers can examine trading opportunities on PMO and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view..
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.comFREE! For free VectorVest analysis on any stock, go to this link here
Premier Oil (PMO) – VectorVest sees opportunities despite share price carnage
Premier Oil plc (PMO.L) engages in the exploration, development, and production of oil and gas properties. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World. In total, the Company manages approximately 760 million barrels of oil equivalent (mmboe). The Company has production rates of over 90 thousand barrels of oil equivalent per day (kboepd). The Company focuses on producing 68 to 73 kboepd. The Company’s four-well North Falklands Basin campaign targets multiple stacked fans in PL004 and PL032 using the Eirik Raude rig. The Company owns an interest in over two licenses, such as Natuna Sea Block A and Kakap.
Debt restructuring worries has caused the share price of PMO.L to fall sharply over the past few weeks. The share is now trading at half of the VectorVest valuation. Of interest is the earnings potential over a window of three years unto the future. This is known as Relative Value (RV) on VectorVest as it looks at the share price upside relative to the performance of the risk free rate. The RV of PMO.L is excellent at a value of 1.54. This means that over a window of 3 years into the future, VectorVest believes that the share will outperform the risk free rate by 54%. This is an excellent number.
However, as I shall point out many times in this post, the safety and reliability of the earnings as measured by the VectorVest metric Relative Safety (RS) is on the low side. This means that there have been surprises and earnings misses in the past and that this risk needs to be managed carefully and without emotion.
The chart of PMO.L is shown below using my normal notation. The price is charted in candlestick format while the VectorVest valuation is in the form of the green line study. The share is trading at 60p, while the valuation is 112p.
A few months ago, I called the share as it broke above the 52 week high entering at 80p. I had a target in mind of the big figure of 100p. The share missed the exit by a few ticks and I got stopped out via a trailing stop loss for a little profit. View that article here
During the debt restructuring, the carnage in the share price is easy to see. The share has however pulled back in a three wave pattern which I show on the chart. This pullback is known by FIB orientated traders as an AB=CD. If you calculate the height of wave AB and CD you will see that at the moment they are equal and that they coincide with a 78% retrace of the last impulsive wave upwards.
The pattern charted (impulse wave followed by an AB=CD) was first spotted by H M Gartley in his book written in 1933. I found his book in a second hand bookshop on the Tottenham Court Road about 25 years ago and it has been my constant companion ever since.
The pattern above is a bullish Gartley pattern and known as a Gartley 222, as it was featured on page 222 of MR Gartley’s book.
The pattern is profoundly contrarian and not for the faint of heart. The share is on a sell recommendation on VectorVest.
The technical Gartley 222 setup is interesting because of the massive difference between the share price and VectorVest valuation and also because of the excellent RV metric.
PMO.L reports during the week ahead.
The opportunity will only be of interest to those aggressive traders who enjoy the challenge of “bottom feeding”. Those traders should have the proven emotional response to just simply get out and lose a maximum of 1% of capital if the support, and thus the debt restructuring, hits the rocks.
It’s far too early to do anything in my opinion. I will wait for a bottom to be confirmed via a candle pattern. If you observe and wait for VectorVest to print a Buy signal, there should be plenty left in the move from that point. That was certainly the case on the last occasion that a Sell signal turned to Buy in December 2016.
Let’s sit and watch and get the numbers out of the way during the next week.
David Paul
March 8th 2017
Readers can examine trading opportunities on PMO and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
FREE! For free VectorVest analysis on any stock, go to this link here
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
Brand CEO Alan Green discusses IG Group (IGG), Premier Oil (PMO) & Angus Energy (ANGS) on Vox Markets podcast
Brand CEO Alan Green discusses IG Group (IGG), Premier Oil (PMO) & Angus Energy (ANGS) with Justin Waite on the Vox Markets podcast. The interview is 13 minutes 55 seconds in.
Buy Premier Oil (PMO) ahead of Jan 12 trading statement says VectorVest
Premier Oil plc (PMO.L) engages in the exploration, development, and production of oil and gas properties. The Company’s operations are located and managed in six business units: the Falkland Islands, Indonesia, Pakistan (including Mauritania), the United Kingdom, Vietnam and the Rest of the World. In total, the Company manages approximately 760 million barrels of oil equivalent (mmboe). The Company has production rates of over 90 thousand barrels of oil equivalent per day (kboepd). The Company focuses on producing 68 to 73 kboepd. The Company’s four-well North Falklands Basin campaign targets multiple stacked fans in PL004 and PL032 using the Eirik Raude rig. The Company owns an interest in over two licenses, such as Natuna Sea Block A and Kakap.
On November 17th 2016, PMO updated on trading and half year results. The group reported an average production during the first half of 69 kboepd year-to-date. At the time of results, the current run rate was >80 kboepd, and PMO confirmed it was on track to meet previously increased full year guidance of 68-73 kboepd. CEO Tony Durrant said the company was “continuing to deliver operationally against a challenging commodity price backdrop.” He pointed to how PMO was “benefiting from a step change in production with a significantly lower cost base.”
The group debt position is currently being renegotiated with its lenders, and PMO expects to update shareholders in a further update on January 12 2017.
The potential valuation upside in PMO had been highlighted by VectorVest financial and technical metrics when the stock pulled back to around 50p in November 2016. The VectorVest valuation metric highlights a value of 95.53p per share, meaning it remains undervalued at the current 75.50p per share.
The stock also demonstrates a forecasted Earnings Growth Rate (GRT) of 21.00%, which VectorVest considers to be excellent. A word of caution – the Relative Safety metric (RS) is 0.94, which is fair on a scale of 0.00 to 2.00. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database.
The chart of PMO.L is shown above with the price in candlestick format. The green line above the price is the VectorVest valuation while the blue line in the window below the price is earnings per share (EPS).
Presently the share is trying to break out of an inverted head and shoulders reversal. The target from this pattern should take the share to around 110.
Summary: Although not without a degree of risk, VectorVest sees significant upside potential in PMO, and currently considers the stock as undervalued. In addition, the trading statement and progress on debt negotiation update due on January 12 2017, is expected to be a key trigger event for the share price. Buy.
Dr David Paul
January 5th 2017
Readers can examine trading opportunities on DRX and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
FREE! For free VectorVest analysis on any stock, go to this link here
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.