||COM SHS NPV
||EPS - Basic
||Market Cap (m)
|Oil Equipment Services & Distribution
Real-Time news about Addax Petroleum (London Stock Exchange): 0 recent articles
|bluepill: is that a leaking indicator?
share price spiked up this evening in toronto, looking good for news tomorrow.
I was in SEY but bailed out at a loss. THey have large debt that has been extended to August and with Addax putting the Sangaw drill in late this year SEY may have already gone to the wall. THey have little income and cannot sell their US assets in order to finance the entrance into Kurdistan. Only hope IMHO is to get bought out but probably only for the Sangaw operating contract. The US stuff is disparate and the african wells are slowing.
I jumped to ADDAX as I wanted to be with the organgrinder not the monkey. Unfortunately SEY are so poor with communications a lot of people got pulled down with the share price and are living on a prayer over there.
As ever, just my opinion, DYOR etc... But seriously, put a speculative punt on SEY but nothing you can afford to lose.
|bluepill: There's more conversation about Addax on the HOIL thread than there is on here.
Is that because no one believes the bid in addax or do they think its oriced in already or have they missed the boat? well the bid is rumoured to be at least £30 per share so that's 25% above current share price. No brainer I reckon|
|bluepill: Hello is this spike up in response to the share price going up in toronto or something more.
Hopefuly the bidders will come out of the woodwork sooner rather than later.|
|bluepill: Company confirms they are in preliminary discussions, rumoured bid $8 billion, discussion boards like a graveyard and the share price not broken out yet.
Is this a buying opportunity or does the market smell a rat?
I am hoping they're slow on the uptake here.
|scruffydave: Thanks for that leeson and ih. I am totally baffled today we have had two pieces of good enws and the share price has bombed. Can anyone offer any idea why?|
|slim9: Zen read your your quote 8 ref share price.
I hold SEY,DGO,EEN,HOIL,AFR besides Hawk which I'm still kicking myself - any other oiler I could investigate.
Found this by chance late last night.
|aaargh: Aaaaarrrgggghhhh ... you would think that this news MIGHT have had some effect on the share price !!!
DNO to get long-awaited oil export license from Northern Iraq - report OSLO Thomson Financial) - DNO International ASA (Oslo: DNO.OL - news) is to be awarded its long-awaited license to export oil from Kurdistan, according to reports from
news service UPI."
But then again, that would make investing in E & Ps' too easy!|
|a0469514: From Gary Wright, "Smart Commodities"
The well respected Goldman Sachs' oil analyst Arjun Murti was the first to predict $100 oil prices in 2005, at which time he said that prices
could range between $50 and $105 a barrel through 2009.
He was right.
His latest prediction is $150-$200 oil within the next
two years... and I reckon he might be right again.
"The possibility of $150-$200 per barrel seems
increasingly likely over the next six-24 months, though
predicting the ultimate peak in oil prices as well as
the remaining duration of the upcycle remains a major
If this happens, the Addax share price is going to be considerably higher than it is today.
|a0469514: There is an astonishing lack of interest here considering how well this share is going at present. This is a big company increasing its production and revenues as fast as any oil company I know. Maybe people are concerned about the risks involved in the areas they are working and right enough, Nigeria and Kurdistan would not be most people's first choice of places to live. (Don't know much about Gabon). Nevertheless there is a lot of oil to be had there and Addax seems to be very successful in keeping the local populations happy with investments in local infrastructure, schools etc. They have early mover advantage in Kurdistan and there is a possibility of huge uplift in share price as this field develops.
In the meantime the stunning quarterly figures keep rolling in like today's increase in net income of 204% to $240m. Check them out and you could be one of the very few who knows the story here.
Addax Petroleum share price data is direct from the London Stock Exchange