Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Premier Oil: Production And Reserves Growth To Fuel Stock Upside

Investment Thesis

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details