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HOIL Heritage Oil

319.30
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Heritage Oil LSE:HOIL London Ordinary Share JE00B2Q4TN56 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 319.30 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 319.30 GBX

Heritage Oil (HOIL) Latest News

Real-Time news about Heritage Oil (London Stock Exchange): 0 recent articles

Heritage Oil (HOIL) Discussions and Chat

Heritage Oil Forums and Chat

Date Time Title Posts
08/4/201616:16Heritage Oil - The upward movement has commenced!4,699
30/4/201412:46HERITAGE OIL44
30/4/201411:04HERITAGE OIL COMPANY19,267
27/1/201108:19*** Heritage ***7
07/5/201018:16Heritage Oil - Kurdistan PSA Only Thread82

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Heritage Oil (HOIL) Most Recent Trades

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Heritage Oil (HOIL) Top Chat Posts

Top Posts
Posted at 30/11/2014 19:06 by tburley
Based on the current oil price I think being taken out at 320 pence did us all a massive favour.
Posted at 23/4/2014 14:44 by cfro
I have been buying in today for the first time.

The investment case here is strong imo. OK there are clear risks involved when it comes to operating in Nigeria but that is more than factured in to the share price which currently trades on a forward pe of less than 5.

No reason why they should not now ramp up the activities and even if the profit estimates are anywhere near hit, we should see a big re-rating in the share price imo.

From a charting perspective, the shares appear to now be in a nice uptrend having broken clearly out of a trading and consolidation range.

The title of this bb is "-The upward movement has commenced!" and that is exactly why i have now bought in to the HOIL story. :0)
Posted at 23/4/2014 10:29 by tongosti
2015 EPS should be about 90p (if all goes well). on your 10x multiple, then you should probably sell at about £9. one thing is certain: hoil is way undervalued. if crude prices stay around the $100 mark; there is no a major market correction; and hoil meet their own targets, then i think it is safe to assume that the share price will be a multiple of today's levels in the next couple of years or so. mind you, if (i don't think that will happen but in the off chance) we get the arbitration money, then i can see an immediate 150p lift off only one the back of that one. enjoy the ride everyone.
Posted at 09/4/2014 18:39 by cumnor
Investors tiring of small to midcap oilers/miners (incl Tlw) which year after year return nothing worthwhile to them. All very well having plenty of oil/copper etc in the ground but the aim should be to reward the company owners. Many of these outfits have been around for years-pay mgmt huge salaries/bonuses, politicians backhanders, taxes to the natives but shs are on the never-never. Big oil finds mean nothing (oil prices could easily tumble leaving these worthless). Look at PMO, afr, cne, tlw, hoil, kaz, ved etc and the story is the same. Spend, spend, grab, grab but f..k the shareholders. Having said that i'm only in Hoil, from 120s and added today, because TB's history suggests he will monetise the assets and even pay a divi, understanding the importance of keeping the other owners onside. The City, despite its' mistrust appreciates this and partially explains the share price doubling in the past year. As for Afr.....imo
Posted at 04/4/2014 06:45 by muscletrade
Seems UBS lowered their price target yesterday. Missed it. See below.

Heritage Oil PLC Price Target Cut to GBX 300 by Analysts at UBS AG (HOIL)
Posted by Tammy Falkenburg on Apr 3rd, 2014 // No Comments

Analysts at UBS AG reduced their target price on shares of Heritage Oil PLC (LON:HOIL) from GBX 325 ($5.41) to GBX 300 ($4.99) in a research report issued to clients and investors on Thursday, American Banking News reports. The firmcurrently has a "buy" rating on the stock. UBS AG's price target points to a potential upside of 20.72% from the company's current price.
Shares of Heritage Oil PLC (LON:HOIL) opened at 245.50 on Thursday. Heritage Oil PLC has a 1-year low of GBX 121.70 and a 1-year high of GBX 277.75. The stock has a 50-day moving average of GBX 235.4 and a 200-day moving average of GBX 189.0. The company's market cap is £633.3 million.
Posted at 16/3/2014 14:54 by scrambled eggmann
The key figure for GKP is that their Net Entitlement 2P reserves for Shaikan are far far lower than HOIL's and that is without even considering the potential revision upwards for HOIL on the improved tax basis. I notice not many have been discussing that.

RPS did an independent report for HOIL and you never heard anyone on any BB complain. We do not know the potential contingent resources for HOIL but it could be pretty large as they have referred to reserves behind pipe not accounted for in any (published) report.

The report is what it is and people have to accept it. In the end (for me) HOIL is a far better run outfit with a better producing field with the infrastructure in place. Of course there is political risk but that is where there is money to be made.
Posted at 05/3/2014 09:37 by muscletrade
Please see below link to Nigerian Biz press article. Below that is a short extract from the article that refers to pioneer tax status for companies buying assets from IOC's. It infers that they enjoy a tax free period of 5 years.

If this is applicable to HOIL then the effect is huge.

The HOIL "net back assumptions" for HOIL show Petroleum tax profits as $51.35 per barrel(based on $115 oil). This tax level is roughly twice the net back to HOIL in current assumptions of $26.75.

In simpler terms if HOIL enjoy tax holiday then nett to Hoil increases from $26.75 to $78.1 (based on $115 oil).

Has anyone else done a back of the envelope calculation of possible effects?




"They however advise that any such project in future should not be given more than a five-year tax holiday. For instance, indigenous companies who are acquiring the divested assets from the IOCs are given pioneer status, with a 5-year tax holiday.

Victor Onyenkpa, partner and head, tax, regulatory and people services, KPMG, at a recent discussion had noted that the 5-year tax holiday would help to boost the capacity of the indigenous firms".
Posted at 28/2/2014 23:29 by bobsidian
The chart of HOIL makes for interesting viewing. A superb play ranked properly in my view along with the likes of BP. and RDSB. Now trading at around 7 times forward earnings.

Noticeable at how both BP. and RDSB have been sitting at the peak of their respective multi year ranges from which they have been repeatedly repelled. Simultaneously HOIL was sitting at a peak. It was a pleasant surprise to see HOIL make such a decisive break up through that technical ceiling.

Under normal circumstances it would have been reasonable to expect the share price to be driven back down to test the point of breach up through resistance and by so doing correct the technically overbought state of HOIL. But these do not seem to be normal circumstances. A re-rating of HOIL looks underway. Based on forecast earnings growth a re-rated share price for HOIL of around £5.50 seems reasonable.
Posted at 23/1/2014 09:03 by buffythebuffoon
Yes, cheers for the heads up DD. Just had a quick scan, and will spend an hour going through it later.

I've always thought of HOIL as being in the same category as GKP.

1)Both have a CEO that is considered by 'the City' as mavericks.

2)Both have ditched/sold an asset, to focus their resources on a much more promising one.

3)Both have had, and still have, a share price that seems to be out of kilter with the conservative value of their assets.

Now I know that oilies in general, and AIM oilies in particular, are on their knees; but these two are not exactly potless, and without income producing assets.

OK, we know the low share price can be ascribed in part to the City's view of the CEOs. In GKP's case, another reason is the 'political situation' between Kurdistani Iraq (or Kurdistan if you prefer) and Baghdad. In HOIL's case 'it's Nigeria and oil theft'.

As recently as yesterday there was an article quoting Shell's problems with this in Nigeria. I've always thought that Heritage, and it's 'less than revered in the City' CEO would do a better job of social integration with the Nigerians than the multinational Shell. As DD points out, we don't appear to have seen this (oil theft) during our tenure so far.

Maybe one day, the Libya-Malta border dispute will be fully resolved, and we'll all be getting excited about our assets there.

In short, I see HOIL as a sleeper that will suddenly awaken, and the share price will fly. One day, when the share price is £30, we'll be able to tell our grandchildren how we bought the company for £1.20.

God willing, I'll still be compos mentis when the chance comes to proudly announce it. :^}

Buffy
Posted at 21/12/2013 10:33 by zebbo
The UBS statement sort of backs the story on HOIL share price

UBS came up with a great opening line to its short note on Heritage Oil (LON:HOIL) on Friday morning as it claimed "markets move in mysterious ways".

Quite so. But if your job is to demystify the random walk of share prices, then it's probably best to make a stab at an explanation.

And actually, I'm being a little unfair as analyst Daniel Ekstein and the UBS oil team are at a loss to explain the 'counter intuitive' movement of Heritage's share price since and generally upbeat trading statement last month – as are we all.

It revealed that production in Nigeria had hit a record and that its local associate there could benefit from a significant reduction in tax rates.

Putting its price target up 20p a share to 220p, and repeating its buy, UBS said: "Visibility on some potential 'quick wins' has added confidence to the near term production outlook."
Heritage Oil share price data is direct from the London Stock Exchange

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