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Davy Research

Premier Oil

Positive and steady trading update

Nov 14 2019, 08:45 GMT
Job Langbroek
Company Report
5 page(s)

Sectors : Resource

Companies : Premier Oil

Ratings and price correct at time of issue.

Premier Oil

Closing Price: 86.7p
RATING 20/06/14
NEUTRAL
PREVIOUS RATING 03/04/12

OUTPERFORM

Person's Name

Job Langbroek

Analyst

DAVY VIEW

Premier Oil’s trading update confirms guidance almost across the board. The group has a nice mix of exploration, appraisal and development projects and continues to make good progress on debt reduction. Within the context of our belief that the sector is very tied to oil price performance, Premier’s latest update should be well received by shareholders and markets.

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Nov 14 2019, 08:45 GMT