Premier oil! What a month it’s been.
With a stock value that has been increasingly focused on by the markets here in London. Premier Oil are set to break £20 once again yes that’s twenty pounds.
Only as recently as 2009 they were changing hands at a lowly 7/8 pounds which even then some were thinking was just too high an entry point in a global meltdown. Currently they are on track for a 5 year high with takeover rumours, asset sales, ongoing oil discoveries and new licence awards. Director buys, institutional investors etc Premier have got the lot.
The management is a shining example of how an oil E+P company should be run. I do have stock here and have held through thick and thin always concentrating on the fundamentals and good management practice when I have been tempted to sell. Keeping the focus while all around you are going mad can and does pay. My medium term investment here has certainly paid in spades and my target for sale is fast approaching the question is do I hold or do I sell after the sp target is reached? Answers on a postcard blah blah blah!