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Bowleven Share Chat (BLVN)



Share Price: 21.00Bid: 21.00Ask: 21.25Change: 0.25 (+1.20%)Riser - Bowleven
Spread: 0.25Spread as %: 1.19%Open: 21.00High: 21.25Low: 20.75Yesterday’s Close: 20.75


Share Discussion for Bowleven


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EssexMatt
Posts: 2,362
Off Topic
Opinion:No Opinion
Price:24.00
View Thread (2)
Chris 2
7 Sep '15
You lot not found the filter button yet?? Unbelievable guys.
 
Chris3
Posts: 50
Research
Opinion:Hold
Price:24.50
View Thread (2)
Cash Rich, Oil Rich
7 Sep '15
http://www.cnbc.com/2015/08/26/saudi-arabia-hangs-on-with-cheap-oil-but-for-how-long.html

After playing the biggest game of chicken for over a year now, it seems Saudi Arabia may soon go broke after blowing $100bn in a year from their $750bn reserves to squeeze shale producers out of the market by keeping oil prices low. (cash reserves as of July 2015 - $668.8bn)

http://www.bbc.co.uk/news/business-34168659

http://money.cnn.com/2015/08/06/news/economy/saudi-arabia-oil-deficit/

They are now admitting that betting the whole farm on this idea hasn't really worked as USA shale producers can produce cheaper than first thought and get oil to market much sooner. This has caused Saudi Arabia to cut spending and borrow money, yes you heard me right, the Saudis are borrowing money as they are hemorrhaging riyals faster than they can pump oil. Their break even price for oil is around $104. So good luck to them. Oh did I forget to mention they have an expensive war to fund lol.

Well this is all good for BLVN who are cash rich and have millions of oil to flood the market when Saudi Arabia have a Charity Concert around 2018.
marthasson
Posts: 5,154
Off Topic
Opinion:No Opinion
Price:24.50
View Thread (2)
predictions
6 Sep '15
and i will guess you are a donut.......hahaha.......oops........its been confirmed already :-)
Chris2
Posts: 579
Off Topic
Opinion:No Opinion
Price:24.50
View Thread (2)
Predictions
5 Sep '15
My ability to guess must be incredible.
Have not been far away with one single "guess" in the last 18 months.
Anyway....I will guess that the results of the current 2 drills will have little or no affect in raising the share price significantly and that after any such news of drill results the share price will drop.
There.......but it is only a guess after all.
Chris2
Posts: 579
Off Topic
Opinion:No Opinion
Price:24.50
RE: Patience
5 Sep '15
*predict at least
Chris2
Posts: 579
Off Topic
Opinion:No Opinion
Price:24.50
Patience
5 Sep '15
If you are talking patience then I predictable least the year 2020 and quite possibly 2025.
No upturn until this Company produce profits and that's a very long way off.
tunggie
Posts: 476
Off Topic
Opinion:No Opinion
Price:24.50
View Thread (2)
Good presentation
4 Sep '15
JP Morgan Global Oil and Gas Conference - 3rd September 2015

http://www.bowleven.com/system/files/uploads/financialdocs/Investor_PPT_Aug2015.pdf
GozoMike
Posts: 688
Off Topic
Opinion:No Opinion
Price:24.25
View Thread (2)
Prediction of RNS Moambe
4 Sep '15
Last drill took around 54 days. This drill may be slightly quicker as the crew will have learned something about the geology. I am guessing Monday 12 October for the next RNS though and maybe another 4 weeks for wireline logs to be evaluated. "Robust 3way dip closure" is strong language and suggests great confidence hydrocarbons have been spotted by 2/3d. It suggests from closure that this is a completely separate hydrocarbon field as it implies the gas/oil cannot migrate elsewhere. I think we are in for good news followed by announcing a GSA with VOG or ENEO. Merger or takeover will do. Multiples of where we are now for the patient. GLA.
NT22
Posts: 347
Off Topic
Opinion:Strong Buy
Price:24.50
View Thread (2)
Why?
3 Sep '15
I think its part of the trend- the share has only gone one way for the last couple of years, and with oil down and the general market conditions.

However I think a great time to buy as money becomes available
Great cash position by BLVN
Director commitments at 23p and 30p buying in.
great prospect of 4 drills in the next 6 months
patience a great value long term play with minimum down risk from this level
shareinterested
Posts: 1,434
Off Topic
Opinion:No Opinion
Price:24.25
Why?
3 Sep '15
Why all sell not a single buy? Why sell cheap at this level? I am confused...anyone more clever and more knowledgable? Thanks...




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