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Bowleven Share Chat (BLVN)

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Share Price: 19.50Bid: 19.50Ask: 19.75Change: 0.00 (0.00%)No Movement on Bowleven
Spread: 0.25Spread as %: 1.28%Open: 19.75High: 19.75Low: 19.50Yesterday’s Close: 19.50


Share Discussion for Bowleven


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NT22
Posts: 307
Off Topic
Opinion:Strong Buy
Price:28.00
Value
24 Jul '15
Things are falling into place
However without capitalising the gas this stock is going to struggle as the down trend has been going on for so long!!

News today and cash in the bank should indicate a bottom in the stock but it will need the bod to begin a small amount of buyback
Once the trend begins to move up over time pi's will buy in and existing stock holders will tend not to sell as will look for a greater return

This must be in kh interest as well with 2m shares
Minimal risk for the bod at these levels!!
 
Digby04
Posts: 571
Off Topic
Opinion:No Opinion
Price:27.50
Malcy's blog - 24.07.2015
24 Jul '15
Bowleven
Initial results today from the company’s Zingana well on the Bomono permit in Cameroon. I say initial because the company have only announced that hydrocarbons have been encountered in the target reservoir and that the well has been suspended and the rig is moving on to Moambe. There will follow a detailed log evaluation and the company, as previously announced, will drill, log and evaluate both wells before determining a testing plan. The company are also progressing technical and commercial work to evaluate possible development concepts and product off-takers where discussions are already ongoing.
Readers will know that I turned more positive on Bowleven late last year when the farm-out completed and the enormous value was confirmed in the company. Since then the shares have been all over the place but have yet to reward holders for their patience. Although these wells will add value to the company peripherally, it will be the other exploration and appraisal on the Etinde block that will add more significant value through its 20% interest and two carried wells. One of the reasons for the discount the company trades on is the uncertainty about what it will do with its cash pile, at the interim stage it reported cash of $155m and no debt. Whilst I have no reason to believe that it will do anything to disappoint shareholders I would have thought that it may be wise to consider buying a bit of production maybe to ensure a more balanced portfolio. I am not suggesting that Cameroon is the wrong place to be, indeed as you know from my thoughts on VOG I am a big fan, it might just alleviate any nerves shareholders may be having. I am hoping to meet up with Kevin and Kerry before long so more then.
bountyhunter007
Posts: 1,523
Off Topic
Opinion:No Opinion
Price:27.50
I gave up
24 Jul '15
after holding for so many days / years on multiple occasions. I don't remember ever making any profit with BLVN. I know this may not be time to sell, but I can't hold any longer as have to pay final payment for my car loan next week. I think peace of mind is most important thing, and now I can sleep tight for couple of days. Good luck all holder, it seems no one really know what will move BLVN. Specially in current scenario when many oil producers are facing winding up, all we have got is gas.
jadee
Posts: 500
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:27.50
YOU COULDNT
24 Jul '15
MAKE IT UP!
neilmac202
Posts: 502
Answer
Opinion:No Opinion
Price:27.75
RE: Buy back
24 Jul '15
That will never happen as long as KH is drawing his 20k a week!
neilmac202
Posts: 502
Observation
Opinion:No Opinion
Price:28.00
Clearly..
24 Jul '15
The market isn't impressed...I hate to think where we would be if it was a duster
NT22
Posts: 307
Off Topic
Opinion:Strong Buy
Price:28.00
Buy back
24 Jul '15
Now is the time for a buy back by the bod
NT22
Posts: 307
Off Topic
Opinion:Strong Buy
Price:28.75
Strange
24 Jul '15
Looks positive
Strange little movement in the share price
Look forward to the detailed results
bankster
Posts: 313
Off Topic
Opinion:No Opinion
Price:28.75
Nice
24 Jul '15
To see a blue start to the day so cannot be all bad. New drill to start soon and results to come ....
SirGalahad
Posts: 2,572
Observation
Opinion:No Opinion
Price:28.50
RE: Just...
24 Jul '15
That is Good News!




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