The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
As I have been invested here for over 6 months now and added more today obviously personally believe it is only a case of when, but as we still have to drill to find out still in reality an if but believe probability over the four wells is good.
Are you watching the same share as me as this has gone from 11p mid April to just over or around 13p, and whilst it does show daily volatility with gains and losses trend over last six months has been up and IMO will continue onwards as we get near commencement of drilling. Investment however always contains risk but see the upside here greater than the down longer term.
Yes also think next announcement likely to be an operational update in June as we get near commencement of the first of the drills. However have added another 30,000 today at 12.8p as see the SP IMO probably creeping towards 15p prior to the spudding of the first well. GLA
Over the last 6 months the thing I think has changed in recent weeks is that the threat of dilution real or perceived has been greatly diminished with the deal on ED, and with the financial strength of $10 million in the bank the Helios project has made one huge leap forward in terms of time IMO and this if positive will be game changing for HNR. You could argue the last 6 months has in reality been a HOLD period for investors but I firmly believe this is a STRONG BUY now.
Personally always had HNR as a Strong Buy or Hold and am a long term holder and yes my broker did have this as a sell over the last few months and SP did fall over this period to 19p so in a way suppose he was correct. However personally believe this share is now way undervalued and prospects her are immense, Helios or DTU could change the sentiment here overnight and believe ii's will soon have this one on the radar. One thing I have learnt over many years of investment shares go up and down but real value wins in the end and HNR have lots of potential in their projects
Should have said especially with WTI approaching $70 a barrel.
With probably over $10 million in the bank, 5th well spudded and with no drilling costs albeit only 7.5% of future revenues on ED going forward but Helios and DTU to concentrate on, let alone repeat the ED model with further land is it just me who thinks long term the current SP at the moment is a crazy price. Making nearly 100% gain on my other main share Faroe Petroleum so tempted to take a little profit and invest more here Will watch closely but can see this one going back over 25p a share very quickly.
As i have held Faroe since 2011, trading a few here and there but always keeping a reasonable investment and with the potential here over the next few years personally believe the longer term value is at least double the current SP but only my view.
My local broker has downgraded this one again, seems to have got it right on his call to 20p but has now further downgraded on a sell recommendation to 15p, but will be holding for the moment
Had a few shares here but sold out at 56p for a very small loss (less than �100), mainly to invest in HNR which hopefully is looking positive going forward. Will continue to watch here but at the moment think downside outweighs up, really needs some good news. But GLA.
Looks unlike Delek they have acquired and continue to acquire shares in order to make a takeover bid for Faroe at sometime in the future IMO, and personally believe at �1.25 per share the company is well undervalued given the oil reserves and licence portfolio here. Will be buying more as funds become available.
Faroe has now become an even more likely takeover target with DNO purchasing the block of shares from Delek at �1.25 per share, but given known reserves here and recent discoveries at Iris / Hades, I believe a realistic takeover price for the company to be nearer �2 a share to reflect potential returns here as output increases towards the 35,000 t0 40,000 bopd target.
DELEK vow to press on with further North Sea Investment. https://www.energyvoice.com/oilandgas/north-sea/167412/ithaca-production-adds-4m-to-deleks-net-income-in-2017/