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Genel Energy or Premier Oil
LULULU1
Posts: 462 Forumite
Looking at these 2 and trying to work out which might be the best reward if either. One heavily in debt and reliant on oil prices to pay off debt, they other debt free but in a volatile area of the world.
A bit in both perhaps.....
Not investment advice just musings......
A bit in both perhaps.....
Not investment advice just musings......
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Comments
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Neither seems attractive to me!0
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Looking at these 2 and trying to work out which might be the best reward if either. One heavily in debt and reliant on oil prices to pay off debt, they other debt free but in a volatile area of the world.
A bit in both perhaps.....
Not investment advice just musings......
A better question would be who is the most likely takeover target? I would think Genel, given Premier's $3bn debt.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Avoid oil. There are going to be a lot of stranded assets in oil companies over the next few years. The big oil companies are currentiy propping up their shares prices via unsustainable levels of dividends.0
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PMO is probably best played on its bi polar aspect, its a good share so long as they can profit enough from oil revenue to pay off the debt incurred on investment.
Long term I dont see oil price is going to be weaker then US dollar or Sterling for that matter. That should mean PMO can pay their bills but with alot of worry along the way, play the extremes is possible then probably most profitable for a small holder.
Big oil is more favoured because its not in as much danger however Woodford for years has warned on a macro scale their oil reserves are not being replaced at a great enough rate which means the shares are getting more expensive ?
Its still alot safer to hold Shell imo and Shell has the right bias to gas, long term I'd rather hold them then cash especially if alot of your bills are on energy, you operate a natural hedge.
Its a shame over active moderation closed down our main share thread because it contained 2009 in its title. Proper investment is ten years at least, kinda ironic !0 -
If I'd avoided 'oil' I'd have missed out on £1,000 of gains in the past few weeks. OPHR0
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Red or black?
Pretty much the same question!"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
letspretendforaminute wrote: »If I'd avoided 'oil' I'd have missed out on £1,000 of gains in the past few weeks. OPHR
The OPs question appears to be long term one, not one based on short term gambling0
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