03/03/2015 07:19:23 Cookie Policy Free Membership Login

Bowleven (BLVN) Takeover Rumours

Bowleven Chart

Bowleven Takeover Price

Bowleven Takeover Forum Posts

01-03-2015
Russian takeover in North Sea blocked. Glad they aren't licensed to stop African deals.http://www.thesundaytimes.co.uk/sto/business/Industry/article1525182.ece
16-02-2015
Why worry about GazettingToday 15:03BCS Asset Management global equity fund are picking up BLVN shares ready for the rebound Why? well they say smaller players, especially oil explorers, look much more attractive on valuation grounds . "At these levels, they also become attractive M&A (takeover) targets as it may be cheaper for big companies to buy exploration firms than find new reserves". BCS Asset Management are investing in firms having low debt "Bowleven have a negative price-to-earnings ratio,". Investment management company Ecofin state "It does make sense at this juncture to start looking at them, .... We like those smaller oil-related names that are operating in cheaper oil basins and are well-hedged, and without pressing near-term debt repayments".
Why worry about GazettingToday 15:03BCS Asset Management global equity fund are picking up BLVN shares ready for the rebound Why? well they say smaller players, especially oil explorers, look much more attractive on valuation grounds . "At these levels, they also become attractive M&A (takeover) targets as it may be cheaper for big companies to buy exploration firms than find new reserves". BCS Asset Management are investing in firms having low debt "Bowleven have a negative price-to-earnings ratio,". Investment management company Ecofin state "It does make sense at this juncture to start looking at them, .... We like those smaller oil-related names that are operating in cheaper oil basins and are well-hedged, and without pressing near-term debt repayments".
13-02-2015
Would a majority of shareholders vote for a takeover at 32p? Unlikely Id say. It would likely provoke other bids though...
31-01-2015
Usmcgs I wasn't necessarily talking about another AIM share or even O&G company. I'm not going to post any alternative because I don't want to take this BB off topic. What I would say is that people tend to over estimate the reward of companies like BLVN & under estimate the risk. An example of which would be a potential takeover price (whatever you're thinking of take off at least 25%) or number of years until entinde production (whatever you're estimating add on at least a year). Time drags on & on then your eventual exit price is lower than you expected. Resulting in a pretty poor return compared to what you would have got even in a FTSE 100 banking or utility share with considerably less risk & stress!
Gloucester I see the cash as a way to avoid going bust in these hard times & a way to proceed with the modest plans outlined in the recent presentations. I don't however see the cash receipt as a catalyst to a re-rating of the sp simply because everyone knows none of it will directly flow to shareholders & will all be spent most likely prior to any cash from Entinde production. IMO you have 3 choices re BLVN 1) Hold out for a takeover offer post appraisal wells. 2) Trade in & out on the peaks (which IMO will get smaller & smaller) 3) Sell out on the next peak & invest elsewhere for a better risk/reward. Holding BLVN shares for the long term until production (2018-2020?) is quite frankly a mugs game.
30-01-2015
J Drama; how did I know you'd have a comeback :) That's not how your original post read. Seems like your trying to convince yourself, having basically discounted any rise in the oil price, any of the 4 drills coming in, an FID inc conditional cash, a signed GSA and any takeover approach. That's all achievable in the next 12 months! You do what you need to do. As it happens I wouldn't disagree that Trading to get your average price per share is a great way to increase future profits or reduce loses.
Painfully slow progress but he's signed and the deal is done. The money will be in the bank eventually and the trolls might have to calm down a bit. This is being teed up for a cheap takeover. repo
12-01-2015
Nah ngms27 the LTIP shares will vest if there is a takeover or material sale of assets no matter what the performance relative to their peer group is. Given the very low strike price they'll take a bid if they get one like a shot as it means they'll get 100% of the potential LTIP shares. Log
FD; "Not sure if the shares are still awarded before the 3 year expiry date in the event of a takeover?"Dam right they are... We are primed for a takeover and to be honest in a market that discounts everything, an industry valuation is going to be our best bet.
Log - hate to agree with you but that is a real possibility. The bod have primed themselves to deal with a takeover bid which could well happen once the deal completes and the cash is in the bank. Not sure if the shares are still awarded before the 3 year expiry date in the event of a takeover? Institutions will hold back until cash in bank and when they renew their interest, sentiment will change and the so should rerate esp on decent drill results.
10-01-2015
Opportunistic takeover target at 50p
Ghh I just read your (old) Fool post. I agree with almost everything you say. It seems you are becoming more bullish as the ducks start to line up. That's good. You state 71p NAV, and with warrants at 50p do you still think the firm is worth 60/70p on takeover (now) or are you conceding that 100 would be a more realistic figure. After bomono and the 2 appraisals (assuming 1 hits oil) then 1.20 should be dust. This is hypothetical but i am interested if your opinion changes as events move along. I am even more bullish on BLVN than i was previously. Hart is doing exactly what he says he'd do. Bravo. I disagree that explo is a waste of money and i would encourage this to form part of our strategy. I do not subscribe to the view that the bear market for O and G junior is perpetual. Nor do think oil will be sub 50 dollars in 2016.
06-11-2014
Buy More.There is only one reason why the BOD haven't been buying shares and it's not difficult to work out!!And it's not because they are in a close period or in takeover talks is it!!!!
30-10-2014
look at Tethys flying......... WJ. al why a takeover whats happening, was looking today but chart looks awful.
Been loading up with HUR at 22/22.50p. Hoping for a takeover before two weeks time. 40% premium. Books are open.
29-10-2014
Winnet I agree with ghgh for a number of reasons: 1. Until etinde block 7 is sold we ideally don't want massive spending on sapele. Apparently there isn't much anyway. The reason is that we don't know the nature of any deal whether it be at asset or company level. Likely asset level IMO. If at company we will get no recognition for money's spent in any strike price for a takeover. 2. Cash needs to be conserved until we know how the land lies pose etinde. If we blow it in the months in advance and appraisal a failure (as unlikely as all parties believe) then puts shareholders at a disadvantage. Given bomono and appraisals they have enough on their plate anyway. 3. Need to be in as stronger a cash position to negotiate sale of etinde. Sapele imv should be taken forward post etinde when we know how the land lies and what ultimate resources we have at our disposal.
I've noticed ghh and others have been suggesting we should not spend our money on appraising sapele and instead keep it to push up the takeover value. Surely Sapele will be worth massive amounts more if we appraise it and farm it to Lukoil. I cannot see the logic (except another year or so wait while it happens). I've got even more of these tokens having doubled my holding over the last few weeks. Not sure if its enough to get Kevin mobile number, but i'm getting there. FWIW I agree with most of PC's motley fool post except the numbers which are conservative. Most of the brokers will assign some value to our other assets. I'm still a bit fuzzy on this license thing - would be good if someone could explain what happens if the MOM do not extend those other blocks and the process for renewal... Lets hope the market picks up eh!
18-10-2014
LecomHow and why would the Cam Gov stop / intervene a Complete Lukoil takeover, particularly as we believe they introduced Lukoil!If Lukoil wanted too buy BLVN it would be the Shareholders that approve it not the Cam Gov... Surely? (And again what reason would the Cam Gov have for not liking that scenario)More likely that Lukoil have already agreed to buy BLVN conditional to full appraisal results on Etinde or before if Bonomo comes in.
Rugby,Take on board your comments, however I believe we become more attractive to a takeover with money in the bank and It wouldn't suprise me if we get an approach once the deal is done, especially if we will only be valued at cash as you suggest.
10-10-2014
[...] That Dragon Oil (LON:DGO), which is majority owned by the Emirates National Oil Corporation, has made a £500mln move for Petroceltic, which not only underlines that Egypt is open for corporate business but it also potentially puts Circle in play as well. For the sake of context – the bulk of Petroceltic’s 25,000 barrel per day production comes from Egypt, and as of June 30 the AIM firm was owed around US$80mln for past oil sales. In the analysis of the potential Petroceltic deal, Westhouse Securities names Circle among a list of six potential takeover targets – the others include Bowleven, Faroe Petroleum, Genel Energy, LekOil and Rockhopper. These companies trade at a discount to core asset valuations, according to the broker.
01-10-2014
When we were drilling etinde we rose 6p in a day. We would need a takeover to rise 6p these days!
04-09-2014
Takeover ;-)


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