- published: 12 Jul 2017
- views: 1327
Tony Durrant, chief executive of Premier Oil PLC (LON:PMO) discusses with Proactive's Andrew Scott their new “world class” oil discovery offshore Mexico, with the Zama-1 exploration well unearthing an estimated 1bn barrel find. The well hit a gross oil bearing interval spanning 335 metres, with up to 200 metres of net oil bearing reservoir. Light oil has so far been recovered to surface.
Stefania Barbaglio from London South East (LSE) and Cassiopeia Services says, “Premier Oil is a pretty good recovery play” given the company secured final lock-up for refinancing bid. Other stocks discussed/companies to look out for are - Falcon Oil & Gas, 88 Energy. Watch the full segment to know more about LSE's presence at the Master Investor show this weekend. Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and actionable infotainment. The Tip TV Daily Finance Show covers all asset classes ranging from currencies (forex), equities, bonds, commodities, futures and options...
British company Premier Oil says a consortium in which it is a member has struck oil off the coast of Mexico, in what it says is the fifth-biggest discovery anywhere in the world in the last five years. Chief Executive Tony Durrant speaks to Ian King. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews and https://twitter.com/skynewsbreak Like us on Facebook: https://www.facebook.com/skynews For more content go to http://news.sky.com and download our apps: iPad https://itunes.apple.com/gb/app/Sky-News-for-iPad/id422583124 iPhone https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Offshore activity is ramping up on Premier Oil’s Catcher project in the North Sea, with all three Pipeline Bundles now successfully installed. Subsea 7’s Alasdair Farquharson and Tammie Sebire and Jon Taylor of Premier Oil reflect on the significance of the first Bundle launch in Wick.
Watch James Huckett, Equity Sales Trader at Hobart Capital Markets discuss the details of the ‘buy’ report on Premier Oil from Peel Hunt and Berenberg Bank’s bearish take on Merlin Entertainments. Peel Hunt sets a 'buy' recommendation for Premier Oil and with a 90p price target. Meanwhile, Berenberg Bank sees potential for a 23.6% drop in Merlin Entertainments. Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and actionable infotainment. The Tip TV Daily Finance Show covers all asset classes ranging from currencies (forex), equities, bonds, commodities, futures and options. Gu...
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Seeing the glass half-full technical analyst Zak Mir says Premier Oil Plc (LON:PMO) shares could rally to 80p per share. At the same time though he acknowledges that other traders might see it differently. Mir, in a Tip TV segment for Proactive Investors, said: “I’m going for a glass half full scenario, so basically if we can hold above 50p area then [a rally up to] the top of the range at 80p. “But I would understand if some traders decided they didn’t want to get involved, unless it broke 80p.” “Presumably the big breakout won’t happen until the debt issue is finally sorted out.”
Premier Oil Plc (LON:PMO) shares are in the halfway house as investors wait for funding news, and technical analyst Zak Mir says wait for more signs that the recovery is on. He added that after the share price backed off from recent peaks, seen around 80p last month, the price now faces a “big wall of resistance” to get back to 80p and above though it remains supported above 50p. “If you are looking for further evidence of recovery here you’d wait for a break of the 200-day moving average of 61p before assuming that we’ll see 80p again,” Mir added.
It’s not surprising that Premier Oil Plc (LON:PMO) shares have been stuck in a range, says chart guru Zak Mir, though he reckons the oil stock may move towards 100p over the next three to six months. In a TIP TV segment for Proactive Investors Mir says he’d be looking for Premier Oil shares to stay above 58p, the 200-day moving average, and then the share could see a ‘top of channel’ target in the next three to six months towards a pound. Premier Oil presents a convincing chart, he added.