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Afren Share Chat (AFR)



Share Price: 65.15Bid: 65.10Ask: 65.20Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.10Spread as %: 0.15%Open: 66.05High: 67.30Low: 64.55Yesterday’s Close: 65.15


Share Discussion for Afren (AFR)


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dazah
Posts: 264
Off Topic
Opinion:No Opinion
Price:71.80
Reuters report
14 Nov '14
That's days old news! Was reported on 11th in the interim statement. Share price holding up really well, I expected worse tbh. So now is to buy ready for the takeover
 
jollygoodya
Posts: 26
Off Topic
Opinion:No Opinion
Price:72.40
Reuters report on Afren
13 Nov '14
** The oil producer's shares down 5.5 pct after it said the commissioning of a new platform extension at its Ebok oilfield in Nigeria was delayed until January.
** The shares were among the top losers on the FTSE-250 midcap index.
** The company, which has assets in Nigeria and Iraqi Kurdistan, said it remains on track to meet the lower end of its production guidance for the year.
** Analysts said the slight delay in commissioning of the extended platform was a slight negative, but a new well coming online at the field will enable Afren (LSE: AFR.L - news) to maintain gross production at Ebok over 30,000 barrels per day.
56912090
Posts: 2,564
Off Topic
Opinion:No Opinion
Price:75.05
Gary
13 Nov '14
I bought in at 69p which was my target price and thought I did well when the SP started to move up but its dripping back down again now so only wished that I had sold the other day as I would have made a few quid :o(
Anyway can only see this dripping back down to 69p again so looks like I will have to sit and wait this one out just like GKP
Burmese
Posts: 3,808
Off Topic
Opinion:No Opinion
Price:76.75
Gary
11 Nov '14
Good entry, however looking at the trades there seems to be a seller around.
garyn
Posts: 32,271
Observation
Opinion:No Opinion
Price:76.75
Couldn't resist
11 Nov '14
Buying at this level. Always a chance of seeing the 60s again but happy enough at sub-77p and sure it will come good. A lot of the damage was done by the 'problems' with the directors and exacerbated by oil price drop. Looks overdone to me and I also think we've seen the bottom for oil prices or close to it.
Burmese
Posts: 3,808
Off Topic
Opinion:No Opinion
Price:76.80
Test
11 Nov '14
Totally agree with you
testpack3
Posts: 423
Off Topic
Opinion:No Opinion
Price:76.90
Lack of confidence in
11 Nov '14
the market place for this share, in MHO is down to governance of the co. The recent departure of another NED, and with a full drilling programme under way, the board may be stretched to the limit. The rns of today was very positive, and if all goes to plan, 2015 will see significant rises in output and profit. If the price of oil doesn't 'crash' again, the share could easily be £1.20-1.30 mid 2015, then climbing to £1,70 by year end. Of course, a T/O is always a play with AFR, but prospective buyers know it will not be a 'steal. I had to buy a few more at this price today. All in MHO of course.
Burmese
Posts: 3,808
Off Topic
Opinion:No Opinion
Price:82.45
Africa oil conference
10 Nov '14
Just had a geologist friend come back from the African oil conference and this is what he emailed me,

"Am back now. Capetown trip was worthwhile. Saw quite a few people. Spent time with quite a few bankers. Its pretty ugly out there. Nobody writing checks these days. Although most money raised has been for Nigeria projects"

Looks like Nigeria is the place to be. No wonder there is so much speculation about Afren being taken over.
Burmese
Posts: 3,808
Off Topic
Opinion:No Opinion
Price:82.45
Takeover
10 Nov '14
The Ogo field has 720 million boe proven with 40% equity. That's 288 million boe to Afren. They still to prospect 75 % of the block.

Now just at 5 USD which is pittance per barrel 288m x 5 USD gives you around what the current market cap is. So the rest of the company and it's assets are worth nothing. Ridiculous the current SP.
Jonesy0410
Posts: 699
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:82.35
afren
10 Nov '14
so whats the chances of this being bought out then?



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