Premier Oil reports Q1 Trading Update on Thursday, 16 May

• Last time Premier Oil reported: Full Year Results, 7 March.
• The shares moved as high as 7.6% in a daily range of 7%.
• Shares -18.3% from 2019 highs; +47.5% from 2019 lows; +34.5% year-to-date.
• Currently 89p (at time of writing).
• Could we see another big share price move on Thursday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Premier Oil – An Example

Let’s say you think that Premier Oil results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Premier Oil using CFDs, at the current price of 241p. To do this, you need £2,000.

For the purpose of this example, let’s assume Premier Oil reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 3% below the current price. Premier Oil results miss, it falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.