Spread Betting in simple terms is a platform aimed at the financial markets which allows you to trade on price movements. YES, Spread betting is a glorified educational form of gambling on the financial stock exchange. Spread betting in the UK is tax free. The Risk and Reward profile for this financial instrument is extremely high. You can easily turn your existing capital into multiple folds in a single trade. Equally you can lose your entire inheritance or wealth in a single trade if you forecast the market wrongly.
The cost of oil may have surface above the break even point for oil operators to marginally profit compared to 18 months ago. Exploration, discoveries and projects may have almost halted for the past 24-30 months for all the major and small cap oil companies. Capital expenditure have been significantly reduce and focus on major cost reduction and company structure to a more leaner approach. It is clear that most of the currently operated assets are in its mature stages and moving onto the declining stages with very minimal shutdown for maintenance to meet their end of year expected performance output to keep shareholders and investors happy.
Today 12th July 2017, Premier Oil shares (PMO), jumped 35% despite the volatile crude oil situation and investors temporarily forgotten about the high debt situation and low productivity on the current portfolio. Firstly this is great for believers whom have invested in PMO when crude oil was below $35 in late 2016. However I would like to educate new potential investor with real facts before diving into the decision of investing in this hard working underdog company. -Read More