Register
Login:
Share:
Email Facebook Twitter

AFR Share Chat - RSS Feed

Afren Share Chat (AFR)



Share Price: 107.80Bid: 107.70Ask: 108.00Change: 0.30 (+0.28%)Riser - Afren
Spread: 0.30Spread as %: 0.28%Open: 107.80High: 108.00Low: 107.00Yesterday’s Close: 107.50


Share Discussion for Afren (AFR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


lunatic
Posts: 693
Observation
Opinion:Strong Sell
Price:94.00
View Thread (2)
This is
8 Aug '14
For none but the very Brave
 
Smithers475
Posts: 442
Off Topic
Opinion:No Opinion
Price:94.00
USA USA USA
8 Aug '14
Can't believe we are sub £1 - Soon as the yanks come and save the day we will all sigh a sigh of relief
nomoreheros
Posts: 21
Off Topic
Opinion:No Opinion
Price:94.80
eshaitan
8 Aug '14
I'm with you on this one. Hopefully we will see the back of those two dodgy characters who have caused over 500m market cap decrease and subsequent sp drop.
eshaitan
Posts: 220
Off Topic
Opinion:No Opinion
Price:94.05
View Thread (2)
RE: Sharky007
8 Aug '14
and group output is what over 35000 per day? Storm in a tea cup comes to mind. I'm happy to be in this one, the next RNS will be the late results and then a lot of people will feel a little foolish predicting doom and gloom I reckon :)
mrposhman
Posts: 15
Off Topic
Opinion:No Opinion
Price:94.95
View Thread (2)
Sharky007
8 Aug '14
They aren't kidding anyone.

They are producing circa 500 bopd at the moment from Barda Rash so no major issue on cashflow. Also, they would still have been allocating capex to Barda Rash this year, so potentially in the short term could even be favourable on cashflow. Sure operationally its not favourable but on a cashflow basis the impact is small.
sharky007
Posts: 637
Off Topic
Opinion:No Opinion
Price:93.60
are you sure afren??
8 Aug '14
who are they kidding?!! "will not affect cashflow" probably why II's started bailing out in last week. reckon trouble in store frim Nigeria too. stay away from all kurd oilies for the short term.
nomoreheros
Posts: 21
Off Topic
Opinion:No Opinion
Price:93.25
here we go again
8 Aug '14
for gods sake.... AFR main business is in Africa with a small interest in Iraq, yet the way the pi's are reacting you would think we were GKP. Get a grip, the bulk of the company and profits will be from Africa.
Alexios
Posts: 6,286
Off Topic
Opinion:No Opinion
Price:99.50
afr
8 Aug '14
Serpico, wise suggestion

Buy baxk as close to 75p as poss
serpico1010
Posts: 413
Off Topic
Opinion:Strong Sell
Price:99.50
Expected...
8 Aug '14
Been in and out of here as many times as with GKP and this is expected news. Oil stocks are always a risk at the best of times but in this area short term this is a risk too far. My advice get out now and jump elsewhere.
baron83
Posts: 8,716
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:99.50
Latest notes
8 Aug '14
from Oriel Securities:

Afren - temporarily suspend operations at Barda Rash in Kurdistan Region of Iraq. In light of heightened regional security related issues the company is implementing a phased withdrawal of non-essential field personnel from the Barda Rash field. The suspension is not expected to have a significant impact on the Group’s cashflow. Bottom line: In our yesterday’s upgrade note on Afren we already took a more conservative production ramp-up view on Barda Rash asset as we saw it as an obvious candidate to experience operational delays. Therefore, this morning’s announcement has no impact to our valuation or view on the company. Similarly, with the recent share pull back, we don’t see this morning’s news having a significant impact on the shares on the market. If anything, this may have a tendency to save some of this year’s capex that might have been allocated to this asset in Kurdistan.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.