Premier Oil [PMO] – 40 years on the LSE

On this day in 1973 Premier Oil listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1994. For example, on average Premier Oil has out-performed the FTSE 100 by 2.9 percentage points in January.

Observations:

  1. The strongest months for Premier Oil relative to the market have been January, March and April (the shares have out-performed the market in January in 13 of the last 19 years).
  2. Premier Oil shares have been weak relative to the market in July and October; the shares have only out-performed the market in October in five of the past 19 years.

Premier Oil is in the FTSE 350 Oil & Gas Producers [NMX0530] sector.

Social Share Toolbar

Comments are closed.