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Premier Oil

Time to get involved?

Premier Oil Nov-Dec crude production exceeded forecasts.

  • The chart shows Premier Oil share price movements since mid-March.
  • The current share price is 67p (at time of writing).
  • Shares -55% from 2018 highs; +2.1% from 2018 lows; -12.2% year-to-date
  • Premier Oil reported that Nov-Dec oil production exceeded forecasts.
  • Nov-Dec production averaged 92K barrels of oil equivalent per day.
  • Achieved a record daily production of 98.7K on 4 Dec.
  • Oil company remains on track to meet its full-year 80K production guidance.
  • Will the strong production update help the shares regain positive momentum?
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal, CMC Markets

Click to enlarge

Trading Premier Oil – An Example

Let’s say you think that Premier Oil is likely to rise as a result of this news. You decide to buy exposure to £10,000 worth of Premier Oil using a CFD, at the current price of 67p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Premier Oil share price rises by 5% following the news. Your profit would be £500, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Premier Oil shares fall back 3% and hits your stop-loss. Your loss would be £300

This is provided for information purposes only. It should not be taken as a recommendation.

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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