Premier Oil

Tough times

  • Sectors : Resource
  • Companies : Premier Oil

Ratings and price correct at time of issue.

  • Premier Oil

    Closing Price: 27.0p

  • RATING 20/06/14

  • PREVIOUS RATING 03/04/12

    OUTPERFORM

DAVY VIEW

It is a tough market all round for the oil industry and Premier Oil is no exception. It is dealing with low oil prices and COVID restrictions, like the rest of the industry, but is also trying to complete an acquisition involving delicate debt negotiations, not helped by an active and material dissident shareholder. Fortunately, it came into the year in reasonable shape on the back of improving high margin production and a decent growth portfolio.

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May 13 2020, 08:55 IST/BST

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