Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not posted here for a few months since I sold out a few months ago at a small profit to concentrate investments in the oil sector mainly FPM and HNR, but still believe this one could be vulnerable to a takeover bid this year and offers upside potential. although at the moment think oillies are the better investment short term, but if cash in some of the profit in the near future will consider buying TCM again. But GLA.
Approaching last years high of 115p, and with Crude oil prices 25% higher than then and IMO fundamentals and prospects here greatly improved, along with DELEK in the background , I would expect SP to go substantially higher in 2018. DYOR & GLA.
No real change yet.
Looks like it is going to hit $70 very soon IMO.
$68 a barrel again.
Just wishing everyone a Happy and Prosperous New Year. GLA
Must be an added Xmas bonus time at the moment with Brent Crude above $66 a barrel, and likely to go higher as we enter the new year with increased demand, must be a strong buy for 2018 IMO with the prospects here.
Very positive closing statement from Graham Stewart in RNS. "As 2017 draws to a close, Faroe Petroleum is in a good place, with a fully funded investment programme, a strong balance sheet, a number of high quality development projects underway to meet our production goals. We also look forward to another high impact exploration programme in 2018, starting with the OMV-operated Aerosmith/Hades well, currently drilling in Norway".
See share price still in the doldrums and whilst have no investment here now as moved cash on, hopefully this one will see some improvement in 2018. But for now still think it is a sell and invest elsewhere and look again next year.
Both my main shares IMO are very good buys Faroe here and HNR, and are well undervalued given the potential game changing growth they both have with their portfolios. Unfortunately both need time to develop these over the next couple of years, but again IMO are both substantially de-risked and have sound finances, and despite short term SP ups and downs in the long term both companies will grow and SP should follow. Looking forward to 2018 and beyond but DYOR and GLA.
With Brent Crude now approaching $66 a barrel, the huge growth in output planned over the next few years and DELEK stalking in the background, the share price here is well undervalued. Topped up with a few more yesterday at 96p and can see FPM being 2 or 3 times this price when we reach 40,000 bopd, that is if DELEK don't swoop before.
Hope the 2 guys make a quick and full recovery, and no long term issue.
Just given myself an early Xmas present and topped up my oil shares holding. IMO both FPM and HNR have huge upside potential for 2018 and beyond, especially with Brent and WTI Crude prices likely to remain at or above current levels for 2018 following recent OPEC agreement and with Russia's support. GLA and Merry Xmas and Happy New Year.
Not looked here for a while since I sold out a few weeks ago to concentrate my investments in HNR and FPM but quite a dramatic fall today, might be worth having another look next week as I believe the lower the price the more vulnerable to a takeover bid they become, but no spare cash at the moment. GLA
FPM like my other major share holding HNR in my opinion have huge upside potential going forward especially with WTI and Brent Crude at these levels. Both companies have recently raised extra funds and have good portfolios of oil resources and projects to exploit in the near to long term to add substantial value to the businesses. I believe current SP's will look extremely cheap when we look back in 12 months time. DYOR & GLA
See nothing much has changed SP still around mid 30's, still think this is a long term buy but no spare cash at the moment still fully invested in HNR, will look again after xmas. GLA.
Over $64.
With the price now reaching over $62 per barrel and again IMO likely still to go higher at least until the winter period is over, the SP I think as indicated before is still well undervalued given the prospects here and is likely to re-test the years high. With DELEK still in the background and production increasing over the next few years to the target of 40,000 bopd, I believe the upside potential for the SP is high.
Sold my entire holding in TCM yesterday at 172p, nothing to do with TCM just wanted to switch cash into HNR as flow results likely to be out soon and saw an opportunity. Glad I did hopefully can buy back in at a lower price in the future but really weird.