Premier Oil (PMO LN): Improving Balance Sheet, Plus Resource Upside; BUY

Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

Thematic (Sector/Industry)

Colombia Energy / Thematic (Sector/Industry)

<h2>Oil Price</h2><p>WTI and Brent oil price rose further last week to end at USD 66.2/bbl and USD 70.4/bbl, respectively. Continued price strength was driven by strong US crude inventory draws as well as market concerns around a likely push for weaker USD by the US Treasury. </p><hr><h2>Last Week in E&amp;Ps</h2><p><strong><a href="https://www.smartkarma.com/entities/21946" target="_blank" data-smartkarma-citation="entities:21946:1">Genel Energy Plc (GENL LN)</a></strong> ,<strong> 22 Jan</strong> - Genel Energy has reached an agreement with the Kurdish government to extend the Gas Lifting Agreement deadline by 12 months to Feb 2019. Following the recent upgrade to resource…</p>

Oil PriceWTI and Brent oil price rose further last week to end at USD 66.2/bbl and USD 70.4/bbl, respectively. Continued price strength was driven by strong US crude inventory draws as well as market concerns around a likely push for weaker USD by the US Treasury. Last Week in E&amp;PsGenel Energy Plc (GENL LN) , 22 Jan - Genel Energy has reached an agreement with the Kurdish government to extend the Gas Lifting Agreement deadline by 12 months to Feb 2019. Following the recent upgrade to resource…

Global E&Ps: Energy Weekly Vol. 10