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Top secret
What kind of laptop do you have....would nt mind getting one that tells you information before its released on the London Exchange website.....what service do you use?
Get ready for the golden cross
It came up on my lap top .
Chrisparker1981...how did you know River sold an hour before the rns was released?
Great buying opportunity
Patience is required.
Or even by the end of the day , it’s tumbling .
What’s happening guys ? Where do we see this in the next couple of weeks ?
Not what im seeing...no 8.3 form out?
River just sold some more !!!
AMER is actually a useful HOLD against wider market volitility. With blue creep going on, it's like getting interest on the money parked here while a smidge is used to test more volitile waters.
I suppose it depends on your viewpoint of how attractive the assets of the company are to other oil companies (not MM's/II's or other shareholders) as the game we are now in, is do we think an oil company would buy us right now.
So obviously oil companies (along with a great many other companies) are worth less in a recession & if we take worse case senario we are in one. As long as we all know (inc BOD) we wont get top dollar for our assets & trim our expectations accordingly then you would expect our aging BOD to be more inclined to sell.
Ok so what do oil companies want during a recession.
I would say low cost produced oil, transport cost reductions & big oil hits vs scrabbling around for less cost effective dregs.
We offer all those things via OBA, CPO-5 & are in a stable oil producing nation to boot.
Therefore I say we are attractive, as long as all parties are reasonable a sale is probable & given the likely £ drop during this process all parties may get rewarded well.
As for the SP during the process you would expect the offers to be the base, but otherwise will fluctuate alot.
"'don't think any meaningful offer will materialise "
- we have MULTIPLE PARTIES interested. One man's "meaningful" is another man's insult.
Even a low ball offer will be considered (by me). But then likely trumped.
The wider markets are risk averse at the moment and River& Merc may simply be responding to their clients wishing to liquidate equity investments generally by selling parts of their portfolio across the board - so probably nothing to do with how they view Amer's prospects.
CPO5 is the key to unlocking full value here. I have difficulty estimating its true worth and have seen all sorts of estimates ranging from $100m to over $300m. But it is important it is not taken out on the cheap because a year down the road it is likely to be valued at a lot more than now. If necessary, I would be inclined to sell the rest of the portfolio and keep CPO% for another 12 months, if that is what it takes to see full value.
I'm prepared to be destroyed here as this will sound negative, but are river and Merc selling out now because they don't think any meaningful offer will materialise and the SP is at a ceiling, otherwise why not wait and sell out when a good offer comes in a few months??? Why suddenly sell?
Amer is my second biggest holding. Cheers
Shares not in public hands has been in that ballpark up until RH dropped through 10% and then ever since Michinoko increased from 8% to 11%.
"Not in public hands" includes any holding over 10% (currently Michinoko) and the BOD.
Still placing my bet on OXY.
GLA, so glad ONGC are Not hosting this Bid process or Data room , we'd still be at tender stage in 3 years time, maybe a good time to take them out HNY GLA. Good night Irene.
They need cash, Clazy idea - clone Mexico where 4 Companies muck in and Take on CPO5 Geopark GTE Amer Ecop et cetc - Only an Idea - ONGC need the cash - One option. Will shut up now - & in the mexico split Private Equity plays a big part in funding. Its there for the brave. Am luzzin it. Any option is possible as long as we win.
Look at the cashflow forecast for CPO5 all 14 wells next 3 years huge , with multiple rigs +50kbopd plus put a value on reserves and that is what CPO5 will be in 3 years irrespective of ONGC delay tactics, the Col Govt will need it. So the last thing ONGC want, if Amer can't own it is someone who can wait, has the cashflow and get 4 times the 30% value. That's NOT what ONGC want, they want us gone NOW as cheap as possible, hence delay every drill, make the Amer BOD crumble under relentless II pressure to deliver on the Sp , so NOW use the Cheap Amer SP against them - it has BACK FIRED Amer cheap pick up plus CPO 5 AT huge discount !!!!!!!!!!!!!!!!!!!!!!!!!!!!! to an Amer friend !! Larry - This is The II response, exactly what ONGC can't AFFORD a stand off from an ever increasing asset value , every year they delay CPO 5 gets more valuable - Seismic drilling etc etc FFS.
Has this moved, +197m shares ?? !! and who owns it - news soon. HNY This is a lottery, genuinely very fine to call.
GLA Last post.
Read the ONGC Mind - Simples RNS History Mariposa 1 Spudded March 17 ish RNS 30/5/17 12ft into 120ft Col +4.5kbopd - Closed off for testing. RNS 9/8/17 Closed M1 review more drilling . RNS 13/11/17 Inspection for LTT Discovery 6 mths after initial find. RNS 21/11/17 Official discovery. RNS 4/12/17 production from the LTT up from 1487 - to 3100. Then no further drilling activity for 2 years. Pouring Pixx on everything Amer do, deliberately defy commercial logic Feck JW. . Then Indico 1 Try to Fexk the BOD over as they- ONGC had spent $81.6m on CPO5 by Mar 18 in total and we had it for nought!!! . This is NOT red tape or lack of cash, this is repeated continually systematic and Coersive Commercial Abuse . SO with Amer totally not Takeover ready, ONGC have ALL THE REAL CPO5 DATA AND CAN LIMIT ACCESS to the bidders - they have us undone for a cheap CPO 5 take out or cheap CPO5 and break Amer up. FFS OR Plan B Feckin Luzz it GN GLA Mama we are all crazy now.
I’m new to this could you explain please , and which is best to watch live ? I’m with Hargreaves landsdown and it’s terrible .
one is on NEX.