Full Year Results 

Premier Oil: one for the bulls

Premier Oil: one for the bulls

Last year, asset sales and the early exchange of a convertible bond allowed Premier Oil (PMO) to reduce its net debt by $393m (£298m) to $2.33bn. Borrowings less cash now stand at 3.1 times earnings before interest, tax, depreciation and amortisation, well within banking covenants, and “back in line with many of our peers” to quote preliminary results commentary.

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