On June 12, 2014, Premier Oil (OTC: OTC:PMOIF) and London Stock Exchange - PMO.L, announced that it has received approval of its Catcher area Field Development Plan (NYSE:FDP) from the UK Department of Energy and Climate Change and the stock responded positively by gaining over 2%. This, in all likelihood, is just the beginning of some major positive developments lined up for 2014. This initiating coverage discusses why Premier Oil is an excellent buy for the long-term from an asset, production growth and cash flow perspective.
Company And Asset Overview
Premier Oil is a FTSE250 international oil and gas exploration and production company with production spread across 20 producing assets, diversifying risk. The company has...
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