Category Archives: $PMO

BG take offer – Low Energy prices could mean more consolidation – $PMO (Premier) could be next..

North Sea Oil producer Premier Oil could be a target for BP. 750mm market cap, BP could it swallow it up whole without blinking and eyelid.

FV=210 so at 154 trading a signficant discount to Fair Value.

BP FV = 475 – FV now hit, so take some profit on the BP trade to take position in PMO.

Sugggested trade:

Buy here at 154, Target 210, stop 115 (stop set below recent all time low).

Stock will be volatile with oil prices jumping around, so manage position accordingly.