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No Results today - who predicted that??? Next time, prove it with a bona fide link, rather than some outdated info from the Morning Star or Interactive Investor!
Be glad to see the back of Trolls, Derampers & general idiots like Esecallum, y11-shx & 9669!
y11-shx, if you’re so worried about a (non-issue) Rights Issue and the SP falling back to 90p, then cancel your Buy Order @ 130p, simples, you simpleton!
9669, why are you posting irrelevant stuff re the SFO???
Positive HBR Recommendation... (Apologies if someone has already posted this).
(Sharecast News) - Jefferies upgraded Tullow Oil and EnQuest on Friday as it took a look at the oil and gas exploration and production sector, emphasising Serica Energy, Harbour Energy and Kosmos Energy as its preferred 'buy' stocks in the sector.
The bank upped Tullow to 'buy' from 'hold' and lifted the price target to 70p from 50p.
"Alongside increased commodity price deck we also allow for improved production expectations from Tullow's Jubilee field," it said. Jefferies highlighted the "material leverage" that Tullow exhibits to higher oil prices.
"In our $70/b oil price scenario, Tullow's Total net asset value increases 61% to 93p and 2022 - 2025 free cash flow yield increases to 33%.
"With the renewed focus on Ghana production and this commodity price sensitivity we upgrade to buy with a 70p price target with the catalyst being evidence of production improvement into 2022."
Jefferies also boosted its stance on EnQuest to 'buy' from 'hold' and upped the price target to 30p from 24p.
"EnQuest is working through some operational challenges at its UK Magnus facility but with completion of the Golden Eagle asset acquisition ahead and significant leverage to oil price we pass through our commodity price changes and go with the 26% increased price target of 30p," it said.
Jefferies lifted its price target on Harbour Energy to 500p from 473p and reiterated its 'buy' rating.
"Harbour Energy stock continues to lag the sector, struggling under the perception of weaker operations given two production guidance revisions since listing in April 2021, and under the stock overhang of expected creditor & PE holder selling, once off lockup.
"However, in our view the market is missing both the operational improvement that is going in 2H21, with Harbour's production and the material leverage to rising commodity prices - in spite of relatively high level off hedging."
At 1240 BST, Tullow shares were up 3.3% at 51.85p, while EnQuest was 6.5% higher at 24.75p and Harbour Energy shares were up 5.2% at 371.46p.
https://www.sharecast.com/equity/Petrofac_Ltd/broker-views
As far as I’m aware this is the 1st Broker Recommendation since PFC announced the end of the SFO investigation and the significantly lower than expected fine of £77m.
Barclays Ups its Target Price from 140p to 280p!!!
Pile in guys & gals!
Get lost, Snapper10! Bloody Troll & Deramper! Can’t you read English!? Look at last night’s posts from me & others. Look at this morning’s post re Investor Relations response. The SFO case is CLOSED/FINISHED re Petrofac but it may be continuing re previous employees and agents eg Unaoil. Now get on your bike and get lost!
Now, are we all agreed that it’s cheap at 168p and everybody should Buy tomorrow before it climbs out of reach!!!???
No more silly DERAMPERS & TROLLS! (And no, RealitBites, I wasn’t referring to you. You were just seeking clarity. You’ve now got it in abundance!).
No, RealitBites. If the SFO is continuing investigations into this case then it is NOT into or against Petrofac. It could be into other previous employees or Unaoil, the agent or other agents.
It is so OBVIOUSLY NOT still investigating Petrofac!!!
The SFO Investigation into PFC is FINISHED/OVER!
Read this RNS in full:
https://www.londonstockexchange.com/news-article/PFC/petrofac-limited-statement-on-final-outcome-of-sfo-investigation/15159948
The Chairman & CEO are categoric in their 2 Statements that the SFO Investigation into PFC is FINISHED/OVER! The Chairman & CEO would hardly lie to Shareholders and Stakeholders about this at a time like this!
Maybe earlier RNS re Elliott Investment taking 5% stake but seems a bit of an overreaction. But I’m not complaining!
Wow! Anyone know why this just happened @ 11.46?
Hi Guys
Yes, it’s irritating that I couldn’t Buy via my HL Account, so I Bought via my DEGIRO Account instead back in June. A little more complicated than usual but OK. Effectively, you can’t Buy it ‘Live’ on DEGIRO as DEGIRO only conducts Buys & Sells on TBLD 3x a day, so in order to Trade you have to set a Buy or a Sell Order at your chosen Buy/Sell Price and wait. It’s not such a bad discipline, I suppose.
PS. Nice little Rise today. I think that might be on the back of Frontier Development’s record Revenue & Operating Profit in its Annual Results today, ahead of TBLD’s own H1 21 Interim Results next Wednesday 15th September and Investor Presentation the following week on Monday 20th September.
Try DEGIRO. I just Bought £2k via DEGIRO. A Fee of only £2.02. Cheap as Chips!
See also Berenberg Buy Reiteration with a Price Target of 295p on Tuesday this week:
https://www.sharecast.com/news/broker-recommendations/tuesday-broker-round-up--7976718.html
Hope this helps.
Understand and agree, Dee. I’m deffo not one of those calling for Directors heads. As I said, we should be respectful and professional, but I thought a show of strength might be to our advantage.
Yes, it’s hard to keep up here what with the day job as well!
Could you email me a snapshot of today’s Telegraph
article offline please? I only get the Print version on Saturday and subscribe to the Telegraph App during the week.
Bonkers, I’m glad someone has read and replied to me at least! Haha!
Yes, I see your point re the answer to questions re the Offer pre-Bid.
But what about my other point re an opportunity to Vote Down the Board?
Dee, wouldn’t this show our position of strength if we Voted Against such Resolutions as Re-election of Mr Secker and Mr Hohnen?
Referring to some of yesterday morning’s comments about the AGM and the Q&A Session afterwards, it seems pretty clear to me that it’s only: “The FORMAL business of the AGM [that] will not deal with any matters pertaining to the possible offer for the Company by Ganfeng… …announced on 6 May 2021.”
“On conclusion of the FORMAL business of the AGM, the Directors and advisers will conduct a question-and-answer session on any other matters that shareholders wish to raise.”
So, we can ask away till our hearts are content about the Takeover Offer!
Indeed, the AGM itself should also give us the opportunity for a Vote of No Confidence in the Directors (if we are that way inclined), assuming the Resolutions “are of a similar nature to those proposed at previous AGMs.” as stated in the Notice of AGM.
See these 3 links for last year’s AGM Resolutions Format/Agenda, Q&As & AGM Results:
https://www.bacanoralithium.com/cms/wp-content/uploads/2020/05/Notice-of-AGM-2020.pdf
https://www.bacanoralithium.com/cms/wp-content/uploads/2020/06/Bacanora-2020-AGM-QA.pdf
https://www.bacanoralithium.com/cms/wp-content/uploads/2020/06/2020-AGM-Proxy-results.pdf
I hardly think that analogy is appropriate, Bonkers. It serves absolutely no useful purpose referring to Mr Secker as 'inept' or as a "crook" or implying he's a "burglar" or referring to his or the Board's actions as "criminal". Nor does 'calling for his head' or 'replacing the Board'. If it comes to it, at an AGM or EGM, Mr Secker or the Board will happily converse with the ever-respectful Dee12345 but not some of the other posters on here, using the language referred to above.
Some comments about Mr Secker are out of order. Keep it civil. With the incredibly hard graft and successful campaign that Dee12345 is leading, it'd be a shame to spoil it with unnecessary (and unproven) insults. As Dee has successfully highlighted the small Shareholder revolt, I've no doubt someone from Bacanora is keeping an eye on the comments on this ChatBoard, so be professional and polite. You can still express your feelings without making unfounded accusations.