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Faroe Petrol Share Chat (FPM)



Share Price: 98.50Bid: 98.50Ask: 99.00Change: -0.50 (-0.51%)Faller - Faroe Petrol.
Spread: 0.50Spread as %: 0.51%Open: 99.00High: 99.00Low: 98.50Yesterday’s Close: 99.00


Share Discussion for Faroe Petrol


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OLI12
Posts: 556
Off Topic
Opinion:No Opinion
Price:99.50
Delek
15 May '17
I expect them to swoop here in H2 2017 now that they have wrapped up the Ithaca deal. The 2 companies fit together well.
People say they "stole" Ithaca ... if that's the case then this is easily worth £1.75p given the cash circa £100m, producing assets and reserves. It's just a matter of time.

Purchase now for less than £1 and then wait for the pay day. DYOR
 
Mommur
Posts: 71
Off Topic
Opinion:No Opinion
Price:88.75
Convenient drop
5 May '17
Perhaps Delek wants to add a few more shares at the right price??

Everyone rates this share - but it is never reflected in the SP.

Hey ho - all my Investment Trusts have 2 or 3 bagged whilst this holding remains stagnating - fool or what!!
Urraca
Posts: 842
Off Topic
Opinion:No Opinion
Price:91.75
Drilling permit
5 May '17
Urraca
Posts: 842
Off Topic
Opinion:No Opinion
Price:94.25
Strange trading
3 May '17
Some 300k ordinary trades in the last hour, all on the exact midpoint so they're not registering as buys or sells.
Mommur
Posts: 71
Observation
Opinion:No Opinion
Price:99.50
Re: Delek
21 Apr '17
Held a large holding when Dana/KNOC had around 18% of FPM, takeover never really on the cards that time round - perhaps as we are now a different animal??

Info on potential drills later in 2017/18 would be timely
OLI12
Posts: 556
Off Topic
Opinion:No Opinion
Price:99.50
delek
21 Apr '17
well Deleks "cheap" take over of Ithaca has been accepted by 70% of holders. Faroe will be next on their list IMO in the coming 3 - 6 months. considering the lack of debt here and the 100m cash we should be looking at easily 175p per share minimum!
Urraca
Posts: 842
Off Topic
Opinion:No Opinion
Price:99.50
Tjaldur
20 Apr '17
Large delayed trade of almost 1m shares from a week ago reported after hours, and a holding RNS about Tjaldur having a stake over 3%.

Interesting company. http://www.tjaldur.com

Helge Lund formerly of Statoil is there. Wonder if Faroe is building defenses against an opportunistic low ball bid from Delek?
Mommur
Posts: 71
Answer
Opinion:Hold
Price:100.00
Re: Faroe latest
19 Apr '17
In doldrums after the Bone drill, with majority of works this year work on assets. Good recovery from low 90's and perhaps this time round they will utilise cash generated rather than issuing equity for any tempting morsel. Its timing, so back to sleep for me. GL
christopheros00
Posts: 328
Off Topic
Opinion:No Opinion
Price:100.00
Faroe Latest Anyone?
19 Apr '17
Can anyone kindly advise what is going on with Faroe? Barely any chat or news on here which at best can be good, or at worst, rather worrying.
OLI12
Posts: 556
Off Topic
Opinion:No Opinion
Price:95.25
not IF when !
30 Mar '17
JERUSALEM, March 30 (Reuters) - Israel's Delek Group said on Thursday its quarterly profit was boosted by the sale of two natural gas sites and higher income from its exploration and production operations as it seeks further international expansion.

Delek agreed to buy Ithaca Energy last month in a deal valuing the North Sea oil producer's equity at $646 million and building on Delek's expansion in the North Sea ahead of a planned London listing this year.

This followed its purchase last year of a 13.18 percent stake in Faroe Petroleum, another North Sea operator, for 43 million pounds.

"2017 will be marked by furthering the group's international presence, by executing on our strategy to focus on the energy sector, with a goal of becoming a key player in global energy markets," Delek CEO Asaf Bartfeld said in a statement.




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