The Premier Oil price has soared since I sold. Here’s what I’d do now

first_img “This Stock Could Be Like Buying Amazon in 1997” 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. See all posts by Alan Oscroft Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares After deciding my purchase of Premier Oil (LSE: PMO) shares was a mistake, I finally got round to selling them in November. Since then, perhaps inevitably, the share price has climbed 35%.The recent advances in the oil price in response to escalating tensions between the US and Iran have certainly helped, with a barrel of Brent Crude now selling at $68. But most of that rise came on Tuesday, with the price up 17% at midday to lead the day’s winners, after the FTSE 250 company released two juicy pieces of news.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…UpdateThe first is a trading and operations update ahead of 2019 results, which are due on 5 March. Production came in at 78,400 barrels of oil equivalent per day (78.4 kboepd), at the upper end of the company’s expectations, and progress has been good at key assets.First gas from the BIG-P prospect in Indonesia was on schedule and below budget, and initial gas from the North Sea Tolmount prospect is on schedule for the end of 2020. Premier’s current 50% stake in the latter is expected to add 20-25 kboepd, and that alone would raise total output by up to 32% over the 2019 figure.Other existing prospects are going well, but my first thought was how Premier’s net debt is going? There’s been a further reduction of over $300m, dropping the total from $2.33bn to $1.99bn, in line with guidance.In the words of chief executive Tony Durrant: “Premier’s strong operational performance in 2019 has generated significant free cash flow for the group enabling us to materially reduce our debt levels and to invest selectively in our portfolio for future growth.”AcquisitionsBut the bigger news is of further North Sea acquisitions. Premier is buying BP‘s Andrew Area and Shearwater assets for $625m, plus a further 25% of Tolmount from Dana Petroleum. The Tolmount purchase will cost $191m plus contingent payments of up to $55m. The firm is also proposing to extend its existing credit facilities to 30 November 2023.This would all be fine for a company with net cash. But I see a big question over whether it makes sense for Premier to be investing such large sums in new assets while it’s still shouldering such high debts.But on the plus side, the news assets are expected to generate over $1bn in free cash flow by the end of 2023, and that would come in very handy for tackling the debt.BalanceIt’s all a bit of a balancing act, and what does encourage me is that Premier appears to be looking at the longer term rather than just plodding along and not really doing much forward planning until the debt has come down further.The risk is that weak future oil prices could have an adverse impact on debt, though the firm has estimated a combined operational expenditure from the new assets of less than $20 per barrel equivalent, so the risk is perhaps relatively low.On balance, I think this is all good news for Premier shareholders, so do I regret selling? Well, I got my timing wrong (as I often do), but it’s never been part of my strategy to invest in hugely indebted companies. No, I’m best out. Alan Oscroft 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. Alan Oscroft | Tuesday, 7th January, 2020 | More on: HBR center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Simply click below to discover how you can take advantage of this. 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. The Premier Oil price has soared since I sold. Here’s what I’d do now Image source: Getty Images. last_img read more

Forget gold and the Cash ISA! I’d buy cheap FTSE 100 shares to get rich and retire early

first_imgForget gold and the Cash ISA! I’d buy cheap FTSE 100 shares to get rich and retire early Simply click below to discover how you can take advantage of this. Image source: Getty Images. 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. See all posts by Harvey Jones Harvey Jones | Saturday, 4th July, 2020 Our 6 ‘Best Buys Now’ Shares Harvey Jones 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.center_img 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. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” FTSE 100 shares are looking cheap right now. Following the stock market crash, prices are 20% lower than they were. This look like an excellent opportunity for long-term investors to top up their portfolio, with the aim of generating enough wealth to retire early if that’s what they want to do.I’m worried many will fluff this moment. Millions are leaving their money sitting in Cash ISAs, getting a near-zero return. Others are gambling on the gold price rising further, even though it is near its all-time high today.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…I wouldn’t put money into either cash or gold right now. Instead, I would scour the market for cheap FTSE 100 shares, before the next leg of the recovery. I think they give you a better chance of getting rich, and taking charge of when you retire.Forget the Cash ISA and gold!In the short run, FTSE 100 shares are volatile. Markets can crash at any moment, as we saw in March. However, history shows that in the longer run, share prices quickly recover. They often rebound quicker than you think. That’s exactly what happened in April and May. Investors who held back from buying shares in the hope they would get cheaper were left kicking themselves as stocks rebounded at speed instead.You can never time the exact bottom of the market. What you can do is buy shares when prices are low, and you have a bit of money to spare. Then leave it to grow for the long term. I’m talking years when I say that. Decades. That’s how you build long-term wealth from FTSE 100 shares. They do not double in value overnight. It takes time.The big problem with cash is that the value of your money is likely to fall in real terms. Right now, the average easy access Cash ISA pays just 0.45%. That is a miserly sum. Worse, there is little sign of things improving. Central bankers around the world, including the Bank of England, look set to keep interest rates low for years.I’d buy bargain FTSE 100 shares todayLong-term investors have made big money out of gold. The price is up 25% in a year, to around $1,775 per ounce. There is space for a bit of gold in your portfolio, as a diversifier. The gold price tends to rise when shares fall, and fall when they rise (although not always). This protects your portfolio from the peaks and troughs.However, I wouldn’t recommend holding more than 5 or 10% of your portfolio in gold. Also, I wouldn’t buy now, at today’s high price.Instead, I would take advantage of the stock market crash to buy cheap FTSE 100 shares. They give you both growth and dividend income. Remember, gold pays no income, and a Cash ISA scarcely does.If you are keen to get rich and retire early, that’s where I’d start. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Edinburgh sign Georgia international Dimitri Basilaia

first_img Memorable moment: Basilaia scored against England during the RWC in New ZealandEdinburgh Rugby today welcomed a significant boost to the club’s physical dimension with the signing of Georgia number 8 Dimitri Basilaia from Valence d’Agen.The announcement serves as the latest signing for the Murrayfield club, which booked a place in the semi-final of the Heineken Cup with an historic 19-14 win over Toulouse, lining up a clash with RaboDirect PRO12 rivals Ulster at the Aviva Stadium in three weeks’ time.An international ever-present since 2008, Basilaia played a significant role in the much-praised physicality which underpinned Georgia’s Rugby World Cup in 2011.He started all of the nation’s World Cup matches against Romania, Scotland and England – scoring his second international try against the men in white with a trademark surge from the base of the scrum.Subject to a working visa, the 23-time capped 26-year-old will join the club at the start of the next season (2012/13) and will form a key part of an increasingly powerful forward unit being forged at the club, which will also welcome Free State Cheetahs’ prop WP Nel this summer.Basilaia said: “First of all I’d like to congratulate Edinburgh Rugby for their impressive victory over Toulouse in Heineken Cup. It’s a great honour and opportunity for me to join such a high profile club and I’m really looking forward to being part of a very exciting future and playing alongside some very talented players. I’m in great shape, both physically and spiritually, and can’t wait to pull on the black and red shirt of Edinburgh Rugby.” “He’s a fantastic fit for this club and will contribute a huge amount to an increasingly aggressive and combative forward unit at Edinburgh Rugby, while his ball handling skills are such that we can maintain and strengthen our fast-paced, offloading game.“Dima has a tremendous work ethic and attitude to the sport. He’s very excited about joining the club and I know he’ll give everything to honour the black and red jersey.” DUNEDIN, NEW ZEALAND – SEPTEMBER 18: Dimitri Basilaia of Georgia (L) makes a run during the IRB 2011 Rugby World Cup Pool B match between England and Georgia at Otago Stadium on September 18, 2011 in Dunedin, New Zealand. (Photo by Shaun Botterill/Getty Images) Head coach Michael Bradley first spotted the talents of the destructive ball carrier when he served as a technical coach alongside former Scotland and current Georgia head coach Richie Dixon in the build-up to the nation’s Rugby World Cup.Bradley was delighted to confirm the signing believing that Basilaia has the ability to join the likes Jaba Bregvadze, Akvsenti Giorgadze [Toulouse] and Davit Zirakashvili [Clermont Auvergne] as the latest Georgian export to make a big impact on the European stage.He said: “I believe that Dimitri [Basilaia] will prove to be a very significant signing for Edinburgh Rugby. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

How to Write for Development

first_img  27 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 30 June 2008 | News How to Write for Development AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Fundinglast_img read more

PayPal processed record $10 billion in charitable donations in 2019

first_imgPayPal processed record $10 billion in charitable donations in 2019 PayPal processed a record $10.3 billion in donations to charities around the world in 2019, and more than $1 billion in the month of December alone.21% of all donations processed by PayPal in 2019 were made through mobile devices.PayPal supports more than 600,000 nonprofits with fundraising and powering giving for platforms including Facebook, GoFundMe, Airbnb, and eBay.Every year, PayPal encourages its community of 300 million consumers and merchants to donate to disaster relief efforts and participate in campaigns with signature partners like GivingTuesday. On GivingTuesday 2019, PayPal processed $106 million for causes around the world. It is currently asking for support for the Australian bush fire relief efforts, and has raised over $2m to date.Charities can also raise funds by enrolling with the PayPal Giving Fund. This is free to do and requires charities to set up a business account as well as confirm their charity status. Once enrolled, they appear on the PayPal website and app, eBay for Charity as well as Humble Bundle.Franz Paasche, SVP, Corporate Affairs, PayPal, said:“Our efforts to drive social impact and create value for all of our stakeholders continue to expand. We are continually inspired by the generosity of the expanding PayPal community, which continues to reach new heights. As we enter 2020, we remain committed to harnessing the power of our technology and scale to provide new ways for people to give to the causes they care about – and to help charitable organisations raise mission-critical funds that make a difference for communities around the world.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  719 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement  718 total views,  2 views today Melanie May | 27 January 2020 | News Tagged with: PayPal About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Case IH Tractor Harvesting

first_img Facebook Twitter Home News Feed Case IH Tractor Harvesting SHARE SHARE Case IH Tractor Harvestingcenter_img Previous articleJohn Deere TractorNext articleOil Prices Slump On US Payrolls Data Hoosier Ag Today Facebook Twitter By Hoosier Ag Today – May 4, 2012 last_img

New ADPi members receive intimidating texts

first_imgTCU places second in the National Student Advertising Competition, the highest in school history Facebook JMBLYA breaks record at Dallas festival ReddIt printA Panhellenic sorority notified TCU Police that some new members have been sent intimidating text messages from an unknown number.Two new members of Alpha Delta Pi received text messages from someone claiming to be “coordinator of new members,” on Aug. 26, five days after Panhellenic’s Bid Day, TCU police detective Vicki Lawson said.“[An ADPi member] was questioning why one of their pledges had decided that they didn’t want to be in a sorority anymore,” Lawson said.Lawson said the matter is being investigated as an incident report, rather than a criminal offense.“Somebody is impersonating a member, which even though it’s not shedding bad light on the sorority and more like wanting to know why the people want to leave, they’re still impersonating somebody who they are not,” Lawson said.No suspects have been identified, but TCU Police are going to try to determine where they came from and how they are related to the sorority, Lawson said.“We’re going to determine, if we can, who sent the texts,” Lawson said. “Determine why they picked TCU and ADPi, and if any other sororities or fraternities have been affected.”Lawson said ADPi is the only group that has reported receiving bogus text messages.“But if any sororities or fraternities have members receiving these types of text messages, notify the TCU Police,” Lawson said.ADPi declined to comment and referred all questions to its national headquarters, which has yet to respond. Twitter Twitter ReddIt Linkedin Kylie Walker is a junior Journalism major from Dallas, Texas. She is the SGA/Greek line editor and Public Safety reporter. Facebook University alerts campus after student diagnosed with mumps Kylie Walkerhttps://www.tcu360.com/author/kylie-walker/center_img Previous articleTask force tightens regulations for Stockyard overlay designNext articleFrogs dance their way to a cure Kylie Walker RELATED ARTICLESMORE FROM AUTHOR Kylie Walkerhttps://www.tcu360.com/author/kylie-walker/ + posts First-year student remembered for her humor The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years ‘Let’s be real’: TCU talks diversity Kylie Walkerhttps://www.tcu360.com/author/kylie-walker/ Linkedin Kylie Walkerhttps://www.tcu360.com/author/kylie-walker/ Kylie Walker TCU Frog Camps returning to more traditional look this summerlast_img read more

Students share stories of discrimination

first_imgSophia Doumanihttps://www.tcu360.com/author/sophia-doumani/ “Bassi Doumbia shares more about his transition from Switzerland to Texas” Twitter Sophia is a senior broadcast journalism and communication studies double major. She is currently writing and producing stories for TCU 360 and TCU News Now. 0:47 printBassi Doumbia remembers the day he walked onto the basketball court toward heckles and monkey noises. After being greeted with flying banana peels and the N-word, he knew that he was not welcome.Doumbia, a senior economics major, said the reception he received while playing high school basketball in Serbia was one of the most hostile experiences he had while growing up in Europe.Doumbia and Monica Valdez, a senior majoring in studio art, both recently spoke about how racism has effected their lives and how they’ve grown somewhat immune to social slights and insults.Doumbia grew up in Geneva, Switzerland. He said he traveled Europe extensively.“Serbia of all places is where I met with the most, I’d say, backlash, in terms of racial slurs and heckles,” he said.“You’re on the court and you have the opponent who not only has the incentive to take you down and disorient you, but they might genuinely be these racist people who really do want to hurt you.”He said his experiences in the U.S. and at TCU haven’t been as jarring, but he has experienced racism. Here, he said it sometimes occurs at house parties where he encounters, “that drunk guy who speaks his mind a little too freely.”While he said he is no longer phased by this kind of behavior, Doumbia said people should not  have to develop a resistance to it.Senior Monica Valdez said she has also grown numb to racism.Valdez said she has been told she was pretty, “for a Latina,” and been judged on and off campus because of the color of her skin.Valdez recalled one of her professors saying, “I didn’t know you were from Mexico,” after she correctly pronounced her name in class. Frustrated, she responded, “No, I’m from San Antonio.”“When people make those assumptions it hurts because it makes me feel like that’s all you’re going to see me as, as that one Mexican girl in your class,” she said.Being categorized by her last name makes Valdez feel that people are not seeing her for who she really is.Valdez, who is Mexican and Spanish, said her Spanish-speaking peers have teased her for being monolingual.She recalled others telling her, “Well if you can’t speak Spanish, then obviously you’re not Mexican.”People have also said they cannot consider her to be half Mexican because she “acts white.”Valdez says that she doesn’t have to speak Spanish to prove anything.She is not alone in her struggle.Doumbia said he has also been categorized because of his speech and appearance. He said most people automatically assume he is African-American because he doesn’t have an accent.Doumbia was raised speaking English and French, but since moving to America uses English as his primary language.He said that when he got to Texas, people expected he knew what popular stores like Kroger were, but everything was foreign to him. 1. Sophia Doumanihttps://www.tcu360.com/author/sophia-doumani/ read more

Age action Ireland warns of impact of changes to free travel scheme

first_img 75 positive cases of Covid confirmed in North 365 additional cases of Covid-19 in Republic Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Groups representing the elderly say rural Ireland could be devastated if private bus companies pull out of the free travel scheme.It comes as private transport companies have warned that they’ll have to pull out of the scheme unless the government increases its funding.The government says it has no plans to scrap the initiative, under a review aimed at stopping fraud – but private operators say they can’t afford to run the scheme at current rates.The government currently pays private bus companies ¬ 77 million a year to carry passengers with free passes – but the companies say that’s no longer enough to cover their costs.Gerard Scully is from Age Action Ireland.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/07/18scul.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Pinterest Gardai continue to investigate Kilmacrennan fire Facebook News Facebook Pinterestcenter_img Google+ Further drop in people receiving PUP in Donegal WhatsApp RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry Age action Ireland warns of impact of changes to free travel scheme Previous articlelatest update on search for missing Buncrana yachtsmanNext articleLetterkenny Shopping Centre exit back before planning appeals board News Highland Google+ Twitter By News Highland – July 1, 2014 last_img read more

UP Bar Council Vs BCI- Dispute Settled Amicably, Adverse Remarks Against BCI Expunged: Delhi High Court Disposes Of Plea

first_imgNews UpdatesUP Bar Council Vs BCI- Dispute Settled Amicably, Adverse Remarks Against BCI Expunged: Delhi High Court Disposes Of Plea Sparsh Upadhyay4 May 2021 3:43 AMShare This – xTaking note of the submission made by the Bar Council of Uttar Pradesh that a meeting was held with the Bar Council of India and that an amicable resolution had been reached between the parties, the Delhi High Court last week disposed of a plea filed by the State Bar Council of Uttar Pradesh, alleging that BCI was attempting to take over its functioning.The Bench of Justice Prathiba M. Singh, however, directed the Bar Council of Uttar Pradesh to appoint the Member Secretary in accordance with its Rules and Regulations and if there are no such Rules framed then steps shall be taken within a reasonable period, in accordance with the law, to frame such rules.Earlier, the Court had directed,”The meeting with the BCI shall accordingly take place on 15th March, 2021. On the said date, all the respective groups may be represented and an attempt shall be made to sort out the disputes between the different factions of the Bar Council of Uttar Pradesh.”Submissions made by the parties The Court noted that pursuant to the amicable resolution, the Bar Council of Uttar Pradesh had already expunged the adverse remarks against the BCI. Thereafter, it was submitted on behalf of the BCI that it agrees not to insist the enforcement of its orders dated 19th January, 2021 and 2nd February, 2021, which were the letters impugned in this petition. Further, it was also submitted that the Bar Council of Uttar Pradesh ought to conduct its activities strictly in accordance with the provisions of the Advocates Act, 1961, BCI Rules and applicable Regulations.Lastly, BCI submitted that the Member Secretary ought to be appointed in terms of the applicable Rules/Regulations. In view of this stand, the Court directed,”Since the Executive Committee of the BCUP is already functioning, it is directed that the Member Secretary shall now be appointed by the said Executive Committee in accordance with law.”Consequently, the petition was disposed of in the above terms. The questions of law raised in the petition was, however, left open.BackgroundOn receipt of a complaint against the Uttar Pradesh Bar Council, the BCI had issued two Circulars dated 19th January, 2021 and 2nd February, 2021 for the appointment of a nine-member Committee to look after its activities and a three-member Committee for conducting its elections, respectively.Opposing the same, the UP Bar Council submitted that vide the impugned circulars, the State Bar Council was, in effect, superseded by the BCI and its bank accounts were put under the control of the three-member election committee.Its main grievance was that the order was passed without affording an opportunity of hearing.The BCI Chairman has assured that the matter shall be settled amicably after hearing both factions of the State Bar Council.Read this report to know more about the dispute – Bar Council of UP Moves Delhi High Court Against BCI’s Decision To Oversee Its Activities, Conduct ElectionsUP Bar Council VS BCI- “Have Power To Give Directions To State Bar Councils Under Advocates Act”: BCI Tells Delhi High CourtClick Here To Download OrderRead OrderTagsUP Bar Council Vs BCI Bar Council of Uttar Pradesh Bar Council of India Delhi High Court #Justice Prathiba M. Singh Justice Prathiba M Singh Next Storylast_img read more