Is the PMO share price about to surge back over 50p?

first_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Is the PMO share price about to surge back over 50p? Are you looking for interesting stocks to add to your portfolio? Let us help you… The high-calibre small-cap stock flying under the City’s radar See all posts by Kirsteen Mackay Premier Oil (LSE:PMO) has seen its share price crash over 32% in the past week. Is this a short-term blip or a warning sign of things to come? From £1.20 a share in January, the PMO share price collapsed to 12p during the March market crash. It gradually rose above 50p in June, but subsequently retreated. So, is there a chance it could surge back over 50p? With a stock this volatile, it is always a possibility, but unfortunately it has a lot stacked against it.Its recent earnings were disappointing. Production fell from 84,000 boepd to 67,000 boepd year-on-year. It agreed an emergency US$2.9bn refinancing deal and plans a new equity funding round, to allow it to purchase BP assets and pay down debt.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Power lies in the price of oilThe price of oil is the driving force behind the success or failure of companies like Premier Oil. It can make or break them and unfortunately, this year it has reached breaking point for many.Oil companies (both the majors and the independents) require vast sums of money to operate and their survival depends on oil being at a certain price point. For BP, its break-even point is around $35 per barrel, while PMO needs an oil price of closer to $50 a barrel. That’s just the price to survive. To be economically viable, pay down debt and make a profit, the price of oil needs to be higher still.Personally, I am bullish on oil for the long term. I think the world remains highly dependent on it and I don’t see it disappearing completely. From that point of view, I think it will eventually rise to a much higher price point, but I don’t see that happening soon. Whether it rises quickly enough for the PMO share price to recover remains an open question.Find more statistics at StatistaSupply vs demandThe price of oil remains suppressed as long as supply outstrips demand. Demand is low because the pandemic has restricted travel and other businesses. However, there is a supply glut because many millions of barrels of oil stand in storage with nowhere to go.Although the OPEC+ alliance agreed to big output cuts, there are countries outside of the alliance that have carried on producing, such as the US.Most US shale rigs cannot afford to run at $40 a barrel so they are being shut. But as soon as the price reaches $50, they can immediately start producing again. This makes the balancing act very fine and the likelihood of a sustained run of $50+ oil harder to achieve.Will the PMO share price surge?The oil price is also susceptible to geopolitical headwinds, such as the US-China trade war. But Donald Trump appears to want to get China-US relations back on a tentatively even keel in the run-up to the November election, which may provide a welcome boost to the price of oil.During a downturn, with so many independent oil companies filing for bankruptcy, the Premier Oil share price is a speculative buy. It does not offer a dividend and is facing a very uncertain future. Its price-to-earnings ratio has fallen to 1.5, against an industry average of 17, and earnings per share are 15p. Unfortunately, I do not see the PMO share price surging above 50p soon. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! Image source: Getty Images. Kirsteen Mackay | Wednesday, 26th August, 2020 | More on: HBR last_img read more

Engaging the American Homefront

Engaging the American Homefront Servicers Navigate the Post-Pandemic World 2 days ago Share Save Previous: The State of Refinance at Fannie and Freddie Next: Carrington Adds New Member to its Correspondent Lending Team Demand Propels Home Prices Upward 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post About Author: Donna Joseph Subscribe Home / Daily Dose / Engaging the American Homefront Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago <span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily This video spotlight looks back at The 2018 Five Star Conference and Expo—an integral source of information, collaboration, and progression for the housing and mortgage industry. Heading into 2019, The Five Star Institute (FSI) looks forward to serving professionals across the mortgage servicing industry with more opportunities to expand their network and enhance their expertise.FSI also thanks all its numerous sponsors, exhibitors, companies, and professionals who participated in 2018 Five Star Conference and Expo and recognizes the active engagement of an entire industry that makes the Five Star possible. 2019 will be the Year of the Deal for 2019 as FSI ups its ante to maximize client connections and ROIs across specialized events, more exhibits, new academics with industry authorities, and much more.Aimed at celebrating industry achievements, honoring national heroes, and uniting an industry through the convergence of thousands to engage the American homefront, The 2019 Five Star Conference and Expo will be held between September 23-25, 2019 at Hyatt Regency in Dallas, Texas. Click through to learn more. February 15, 2019 3,390 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2019 Five Star Conference and Expo 2019-02-15 Donna Joseph in Daily Dose, Featured, Media Tagged with: 2019 Five Star Conference and Expo read more

OVERTIME

first_imgBILL NEAL :09 Okay, here’s a joke, “Why don’t you see any kids walking in Penn Hills?” Answer… “Cause they ain’t got no sidewalks.” That brief and never to be heard from again was brought to you compliments of brother Shegun, he of the dark glasses fame. My brother, you are now in the locker room and you can stay there as long as you promise to not tell any more jokes. I’m just sayin’!:08 Man, the boys from North Side really need love. I mean everywhere I go they want some “Overtime attention”…okay, Bump, yes, I’ll be your Huckleberry! (Val Kilmer, aka Doc Holiday in “Tombstone”), but you don’t have to twist my arm on this one. Not only is Larry “Byrd” Richardson one of the top 5 guards in Pittsburgh history and a two-time Connie Hawkins League MVP and tournament champion, he was quite simply the most magnificent ball handler and passer that I’ve ever seen in Pittsburgh and I’ve seen just about every great one there was from 1970 to the present, including “Hou-Din-Ni.” I cannot begin to tell you about this man’s incredible passes…but I can tell you this, “Magic” Johnson would be amazed! He could shoot the ball as well as anybody…would “D” you up and strip you clean and he could throw it down at maybe…5’8”! “The Byrd Man” could fly with the ball. Gone, but not forgotten, now playing for heaven’s hoopers! NORTHSIDE—HOW YA LIKE ME NOW?:07 In case you’re wondering why so much basketball now and it’s still football season: No. 1: Basketball is what we do, man! No. 2: In case you haven’t noticed, the NBA got started last week. Anyway, when you talk about the greatest guards of all time from Pittsburgh, or for that matter western Pa., you better not have the conversation without talking loud and clear about Dwight “The Iceman” Clay. Dwight was a 5th Avenue great, Notre Dame star and, of course, made “The Shot Heard Round The World” to end the UCLA ’88 game-winning streak! Say what? Well, you tell me who else left the city league and went to Notre Dame…huh? That’s right, shut up!!!:06 Rookie of the Year in the NFL? Yep, you guessed it, RGIII out of D.C. hands down, take it to the bank.:05 Ike Taylor will be all right and he’ll come up big when it counts. But things will go just a little easier for him if he ate just a little bit of Humble Pie, sprinkled with a bit of “I am not the best in the world” and a dab of “I better get back to what got me here.”:04 Ray Lewis is out for the season. Terrell Suggs is just coming back at 75 percent, Ladarius Webb is one for the season. Ed Reed is hurtin’ and the Ravens fall to Houston…do I sound like somebody that cares? C’mon man!:03 I know you’ve seen “Friday” at least 10 times, but do me and yourself a favor, watch it one more time with the kids out of the room and the volume way up. Man, that is a classic funny movie. Easy 3 basketballs:02 At the buzzer…hhheeereee we go!•Put your dukes up for our boy Rayco “War” Saunders’ fighting for the title Monday.•Something is up with the Penn Hills football team again and it ain’t good. More at 11.•Hey A-Rod…see ya!•God, please let Terry Smith and the Gateway Gators win the WPIAL and state’s and he can just walk away. I know you’re gonna want more than that…but I can’t say that in the paper mmmaaannn!•The Pittsburgh Corvette Club Christmas Party is set for Dec. 8 at the Three Lakes Golf Course in Penn Hills. Get your tickets now. You know it gets packed. Call the Club at 412-628-4856.•Don’t forget the Plum High School Girl’s Basketball Camp for 3-9-year-olds Nov. 3 from 8-5.:01 Only 16 tickets left for the best night you haven’t had yet this year. The Fabulous Allure Models and legendary Kenny Blake present an “Evening in Paris” at Pittsburgh’s best kept secret, Le Massion Du Praix, Oct. 27, 8 p.m.-midnight. Wine and hors d’oeuvres, patio, gazebo, fireplace, wall to wall spaciousness, prizes and surprises and the intimacy you and your significant other have been looking for. Only $25 at this wonderful new bed and breakfast. (Beautiful rooms are available. For reservations, call Bill Thompson at 412-200-0878. For tickets, call The Champions at 412628-4856.00: Double Overtime: On Nov. 3, Luther Sewell and Talk Magazine along with Tim Stevens and B-PEP and Champion Enterprises and 20 other outstanding community service agencies will present the most important get out the vote rally of our time from 1-4 p.m. at the Hill House. Other groups are welcome and encouraged to participate. For more information, call 412-823-4007. Please, please, get ready to get ready! It’s time to vote Nov. 6…and you don’t have to have an ID!!!-GAME OVER- :10 All you future holdouts pay attention. Mike “I am worth 40 million” Wallace has caught some and dropped more. It takes practice time and contact to get ready to play this game and Wallace is just not ready yet. In the meantime… Catch the ball, man!last_img read more