Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: David Lenigas answers investor questions in a detailed interview about UKOG, Doriemus, LGC Capital, AfriAg and Angus Energy.


Faroe Petrol Share Chat (FPM)



Share Price: 95.25Bid: 94.75Ask: 95.25Change: 0.00 (0.00%)No Movement on Faroe Petrol.
Spread: 0.50Spread as %: 0.53%Open: 98.25High: 98.25Low: 94.25Yesterday’s Close: 95.25


Share Discussion for Faroe Petrol


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


shadow525
Posts: 164
Off Topic
Opinion:Strong Buy
Price:99.50
Oil Prices
Mon 08:02
Oil price approaching $58 per barrel and likely to go higher this year, share price IMO well undervalued and would expect year high to be breached before Christmas. Will be buying a few more to top up my holding here and good news on HNR fracking completed.
 
shadow525
Posts: 164
Answer
Opinion:Strong Buy
Price:102.75
Balanced Portfolio
11 Oct '17
Been invested in FPM for a number of years buying and selling at various times and have already taken out profit, have a good gain still in them, and in my terms a sizeable investment still in them But yes I like a balanced portfolio and have positions in a few other shares I consider more risky including HNR which IMO have potential,l but experience tells all will probably not come good that's why IMO it is wise to spread the risk.

DYOR & GLA
Mommur
Posts: 130
Off Topic
Opinion:Hold
Price:101.00
Re: Early 2020's
11 Oct '17
Its a good word "potential" We all make rational decisions on each of our purchases. For what its worth, I hold large positions in FPM, SQZ, and PMG all debt free and potential. All supported by my hopldings in Investment trusts, which also lets me have a bit of spice, CHAR and JOG.

Apart from Serica and Nautical Petroleum the tortoise Investment trusts have won hands down!!
happypennies
Posts: 349
Off Topic
Opinion:No Opinion
Price:101.50
Early 2020s
10 Oct '17
I am trying to plan for what to do once HNR has come good - looking for an investment that is a year or two behind HNR - don't think FPM is such an investment. Hoping to find a share with the potential to at least multibag five times within a year or two of investing in it. Anyone got any ideas?
happypennies
Posts: 349
Off Topic
Opinion:No Opinion
Price:101.50
40,000bopd
10 Oct '17
Shadow - if I was holding for 2/3 years until early 2020s I would be disappointed with a SP rising to 200p - 300p. Think you should be brave and put the lot into HNR!!!
shadow525
Posts: 164
Off Topic
Opinion:Strong Buy
Price:100.25
Re 40,000bopd
10 Oct '17
Given the fact by then Faroe will have a turnover approaching 1/2 billion with IMO a bottom line of around 10%, my guess would be between 200p - 300p. Unlike HNR this one is less risky as oil quantities already found an they have an healthy cash balance but will take a few more years to achieve. HNR is more an immediate play.
happypennies
Posts: 349
Off Topic
Opinion:No Opinion
Price:100.25
40,000bopd
10 Oct '17
If management can achieve the above production by the early 2020s what do posters think should be the SP by then? Thanks in advance for comments.
shadow525
Posts: 164
Off Topic
Opinion:Strong Buy
Price:99.00
SP
4 Oct '17
Will we break and hold £1 level tomorrow, invested for the long term anyway can see it being 2 or 3 times higher when we reach 40,000+ bopd.
shadow525
Posts: 164
Off Topic
Opinion:Strong Buy
Price:98.25
Article IC
28 Sep '17
shadow525
Posts: 164
Observation
Opinion:No Opinion
Price:98.25
Interim Results
26 Sep '17
Broadly in line with expectations with Revenue and Other Income together in excess of £100 million and bottom line before exchange variances near breakeven. No real surprises in trading update as said before the real growth will come over the next few years, but nice to see making positive progress. I do however, think given current Crude prices and entering the winter months as demand increases the SP is well undervalued especially with DELEK in the background. IMO only a short time before this is trading above £1.

GLA.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






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.