Premier Oil Forum

i would make the bond 60-65 for what its worth

interesting to see where the retail bond will open. Last trading at about 38p and a thin market but not shorted.

So Macquarie reckon resumption of trading at 55p

Short sport after the take over of eon assets

One of the PMO shorters, GSA Capital, has started to cover- down 0.2% [link]

The retail bond (PMO1) has gone crazy this morning, fell from 84p as low as 73p, before recovering a bit. The annual coupon cost of £150m at 5% is only £7.5m and with Premier's cashflows, I cant see them having to default on it. Even at 78p latest, the YTM (2020) is over 10%. Good opportunity for buy and hold or short-term recovery in my view.

20% up for me, and I only bought a week ago. Trying to resist selling... Are there any actual sources on a potential buyout or is it just speculation based on the BG group buyout last week?

had a nice little run will pause for breath now

oil price steadily well up now

Worth picking up the retail bond at these levels- just bought at 80.6, yielding 9% to maturity in 2020. Ticker PMO1.