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AFR Share Chat - RSS Feed

Afren Share Chat (AFR)



Share Price: 47.57Bid: 47.50Ask: 47.55Change: 0.00 (0.00%)No Movement on Afren
Spread: 0.05Spread as %: 0.11%Open: 41.50High: 47.94Low: 38.10Yesterday’s Close: 47.57


Share Discussion for Afren (AFR)


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analyst10
Posts: 11
Off Topic
Opinion:No Opinion
Price:42.61
View Thread (4)
RE: Afren
Fri 12:32
and when oil rebounds to >80$ that's 2.4mn per day or $876mn per year, nearly double the market cap at the moment. Proof that afren is massively undervalued
 
mikemike
Posts: 39
Answer
Opinion:Buy
Price:41.60
View Thread (4)
RE: Afren
Fri 12:02
I think you made a typo,, they are in excess of 30,000 bpd assuming 50$ that is

1.5 million$ per day or current price x 54$ = 1.62m$ per day
ezmoneyay
Posts: 393
Off Topic
Opinion:No Opinion
Price:41.45
View Thread (4)
Afren
Fri 11:53
Afren produce 3000 barrels of oil a day. At the current low price of 54$ a barrel that equates to around £92,000 PER DAY.
mikemike
Posts: 39
Observation
Opinion:No Opinion
Price:40.60
View Thread (4)
RE: buyerbeware
Fri 10:26
The drop in Afren pricing and market capital value is down to a significant factor not affecting the others....This lies in the AFREN Boardroom.

Yes, there would have been a significant drop in value on the back of oil going down, without the Boardroom not being reconstituted. The SP is probably 30/40 pence below its real down market value and this could be corrected with some heavy hitting Boardroom appointments.

I am not sure what is in store for future BPD production for the others, yet Afren appears to be well placed in 2015 to have an additional 14 wells providing an average of 1000BPD each net to Afren. Evan at 50$ pb this is debt servicing cashflow.

The silence from Kurdistan is an additional negative issue, more to to with the BOD than anything else.
analyst10
Posts: 11
Off Topic
Opinion:No Opinion
Price:40.60
View Thread (4)
RE: buyerbeware
Fri 10:24
Access to oil will equal profit when the price of oil rebounds, political games being played at the moment and oil will not stay at $60 long-term simple as that
buyerbeware
Posts: 41
Off Topic
Opinion:No Opinion
Price:40.72
View Thread (4)
RE: buyerbeware
Fri 10:15
I would agree with that, but not all companies will be able to ride the storm.
Don't get me wrong I have some Afren shares, but hesitate to buy more.

It look a bit healthier today, but there will be a few downturns in the oil price over the next six months.

Enquest, Afren, Premier Oil etc will struggle. Access to oil no longer equals profit.
Rigger
Posts: 7,442
Off Topic
Opinion:No Opinion
Price:40.72
View Thread (4)
buyerbeware
Fri 10:07
Oil price games being played fir many reasons. American fracking, Russia, isis etc etc. Saudis calling the shots. Be under no illusion that the Saudis are also feeling the pain. It will not last for long. It can't. Buy good quality cheap oil stocks NOW and hold them long. Patience will be rewarded :)
buyerbeware
Posts: 41
Off Topic
Opinion:No Opinion
Price:40.02
View Thread (3)
RE: afr
Fri 10:00
Market Cap low you say - That sounds good in theory. Problem - The issue of the oil price going down further ( say 40$ could mean that the cost of production produces a loss and Market Ca[p will drop further. Production will then cease. What will pay their liabilities if this happens. That is why the Market Cap is low and not for a fictional or unknown reason.
knivey
Posts: 81
Off Topic
Opinion:No Opinion
Price:40.00
hold
Fri 09:59
turning blue soon on live chart .Tracking exactly the same as Enquest oil .
analyst10
Posts: 11
Off Topic
Opinion:No Opinion
Price:39.47
View Thread (3)
RE: afr
Fri 09:44
absolutely agree with you, afren's market cap is far too low considering the amount of reserves they have and the recent discovery of oil onshore Madagascar





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