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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Afentra Plc | LSE:AET | London | Ordinary Share | GB00B4X3Q493 | ORD 10P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
54.00 | 54.40 | 54.80 | 53.00 | 53.00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | USD 26.39M | USD -2.71M | USD -0.0123 | -44.07 | 121.03M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
16:35:02 | UT | 23,344 | 53.80 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
25/7/2024 | 18:38 | ALNC | IN BRIEF: Afentra confirms award of licence for KON 19 in Angola |
25/7/2024 | 07:00 | UK RNS | Afentra PLC Award of KON 19 License Onshore Angola |
15/7/2024 | 11:34 | UK RNS | Afentra PLC NED Share Options & Executive Director LTIP Award |
12/7/2024 | 16:11 | UK RNS | Afentra PLC DIRECTOR / PDMR DEALINGS |
10/7/2024 | 07:00 | UK RNS | Afentra PLC Operations and Financial Update |
27/6/2024 | 17:14 | UK RNS | Afentra PLC Results of 2024 Annual General Meeting |
12/6/2024 | 07:00 | UK RNS | Afentra PLC Director/PDMR Dealings |
11/6/2024 | 07:00 | UK RNS | Afentra PLC Investor Webinar Presentation |
04/6/2024 | 07:00 | UK RNS | Afentra PLC Publication of Annual Report and Notice of AGM |
30/5/2024 | 12:05 | ALNC | Afentra seeking further growth opportunities after "milestone" year |
Afentra (AET) Share Charts1 Year Afentra Chart |
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1 Month Afentra Chart |
Intraday Afentra Chart |
Date | Time | Title | Posts |
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26/7/2024 | 19:22 | AFENTRA - High Growth Second Phase O&G Sector Specialist | 438 |
26/5/2024 | 16:14 | Afentra PLC - energy transition in Africa | 1,099 |
27/4/2024 | 13:02 | AET with Charts & News | 30 |
23/12/2008 | 08:14 | Canadian Energy Trusts | 19 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
2024-07-26 15:35:02 | 53.80 | 23,344 | 12,559.07 | UT |
2024-07-26 15:17:25 | 54.00 | 10,000 | 5,400.40 | O |
2024-07-26 15:07:15 | 54.04 | 8,750 | 4,728.50 | O |
2024-07-26 15:03:13 | 54.06 | 7,000 | 3,784.20 | O |
2024-07-26 14:59:27 | 54.24 | 30,694 | 16,649.65 | O |
Top Posts |
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Posted at 27/7/2024 09:20 by Afentra Daily Update Afentra Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AET. The last closing price for Afentra was 55p.Afentra currently has 220,053,520 shares in issue. The market capitalisation of Afentra is £119,269,008. Afentra has a price to earnings ratio (PE ratio) of -44.07. This morning AET shares opened at 53p |
Posted at 01/7/2024 13:55 by mount teide Where the successful execution of a management's low cost growth strategy continues to strengthen the investment case of a stock(as with AET) - it points to pullbacks as the optimum time to buy(as there is usually decent liquidity generated by momentum traders locking in profit), rather than potentially chasing the price up for often small volume, when the shareprice resumes moving north.The chart from last September highlights well the ten opportunities that have since occurred, when it was possible to buy on a pullback, that each had a bottom at or above the 50 DMA. The RSI is currently at its lowest point since September 2023, while the share price is sitting on the 50 DMA - a chart buy signal if ever there was one for investors like me that like to average up as the investment case strengthens. The strategy has delivered well here to date - I've averaged up 5 times in the 20's, 30's and 40's, AIMHO/DYOR |
Posted at 18/6/2024 15:21 by holdandhope Or just have a bit of patience Dragon and let the market get the share price to 80 and let AET spend the cashflow on growth capex and acquisitions? |
Posted at 18/6/2024 12:57 by dragon35 Great info. But I do not see any share buybacks short term so the issue I have is that we are using capex to invest in growth and the growth is linked to oil price changes. The capex takes time to make a step change in production. Without a new acquisition then what excitement value is there here right now? You hold the shares for 12 months and hope production improves but if oil price goes south you are back where you started with no cash growth. I am merely trying to work out what the buy case is here apart from hoping for an acquisition. Basically what is going to propel the share price to 60p 70p etc. it's currently on a X multiple compared to industry average of Y etc etc? |
Posted at 23/5/2024 12:52 by ashkv How much of the crude inventory translates to net cash post opex, taxes etc?Share Price - AET-> 59 AET Current Share Price vs 52 Week low of 23.65p on 7 July 23-> 149.47% AET Current Share Price vs 52 Week High of 59p on 23 May 24-> 0.00% Brent-> $82.50 Shares Outstanding-> 220,053,520 Market Cap (GBP)-> £129,831,577 GBPUSD-> 1.275 Market Cap (USD)-> $165,535,260 Average AET Net Production Till End April 2024-> 6,800 Production Average FY 2023-> 4,478 Production Average FY 2022-> 5,970 Last Updated Cash (Jan 2024 RNS)-> $19,600,000 Net Debt On Azule Acquisition Completion 23 May 24 RNS -> $46,200,000 840,000 Barrels AET Crude Stock at $75 Brent Subtract 6% Petroleum Tax (23 May 2024 RNS)-> $58,430,400 Enterprise Value (Market Cap + Debt - Cash) (USD)-> $211,735,260 EV/Barrel Average AET Net Production Till End April 2024-> $31,138 EV/Barrel AET Net Production Till End April 2024 including Crude Stock-> $22,545 EV/Barrel (FY 2023 Production Average)-> $47,279 EV/Barrel (FY 2022 Production Average)-> $35,467 2P Reserves Post Revised Acquisitions-> 32,000,000 EV/2P-> $6.62 |
Posted at 11/5/2024 23:16 by kevjones2 As far as I'm concerned, as long as the share price continues rising without the deal being 100% finalised, why not let it continue to rise. The last RNS said Q22024. I hope it's the last trading day of Q22024, once the share price continues to rise.Afentra is an investment for me, not a punt. |
Posted at 25/4/2024 09:51 by tim000 I’m sure the Directors don’t fuss about daily movements in the share price, their job is to grow the business. We too need the same approach; no one knows when exactly the share price will rise, or by how much. If you just buy and hold, MT’s mantra, none of that really matters. It’s clear that AET has enormous potential to grow into a substantial business, our only decision is how much of our available capital do we deploy on the journey. |
Posted at 12/4/2024 13:35 by mount teide YY - Ref: Production costs per bbl - have not seen any specific data.However, what we do know is that after the second working interest on the Block 3/05 asset was announced in July 2022, the following information was provided: * Break even economics of $35/bbl * Potential to improve OPEX to $20/bbl * Average FCF, after Capex, of $30m PA at $75 Brent. * Average production of circa 16,800 bopd when AET first commenced asset negotiations Since then, the following changes have been reported based on completion of the Sonangol (18%) and INA (5.33%) deal metrics: * Potential to improve and MAINTAIN OPEX at $20/bbl * Average FCF, after Capex, of $35m PA at $75 Brent. * Full year 2022 gross production of 18,660 bopd * Minimum Capex to realise P2 Case of 115 million bbls Post the Azule completion: * Average FCF, after Capex of $50m PA at $75 Brent based on 18,600 bopd (at $90 Brent and 22,550 bopd the FCF could potentially increase to $60-$70m a year). * Average production March 2024 of 22,500 bopd (recent peak of 25,000 bopd YE 2023) * Every 1% incremental recovery factor = 9 million bbls additional resources net to AET * Debt - If the Azule deal closes during the next few weeks, assuming an average of current Brent price and an average of 22,500 bopd production, AET is likely to be debt free during Q3/2024. * Apparently 80% of management time has been spent on M&A in the last 18 months . IR confirmed in January 2024 that the next webinar and strategy presentation will come after completion of Azule. * Infill Drilling Campaign for 2025-26 - first for over 20 years, will be interesting when considering that Pacassa alone has another circa 500m barrels. Thoughts: A further 5,000 bopd deal during 2024 with similar non dilutive metrics could well see AET trading at 100p plus. AIMHO/DYOR |
Posted at 11/4/2024 21:19 by mount teide Oil - Top traders and forecasters, as well as investment banks, have upgraded their price and demand forecasts in recent weeks on a tightening oil market, over which OPEC+ has now regained control.OPEC+ Rules in an Increasingly Tight Oil Market - Oilprice.com 10 April 2024 'The OPEC+ group is firmly back in control of the oil market and has the power to have it extremely tight in the second half of the year should it choose to do so, industry executives and hedge fund managers say. The market is growing increasingly bullish on oil, expecting robust global demand growth and supply constraints, including OPEC and Russia’s production cuts, to push prices even higher in the summer. With Brent oil prices breaking above $90 a barrel, there is room for further upside amid tighter markets and heightened geopolitical risks, investment banks say, not ruling out $100 oil this year. The trajectory of oil prices over the next year is largely in the hands of the OPEC+ alliance of the top Middle Eastern producers and Russia, according to Sebastian Barrack, head of commodities at hedge fund giant Citadel, which had $61 billion in investment capital as of April The OPEC+ group has “definitely regained control” of the market, Barrack said at the FT Commodities Global Summit in Lausanne, Switzerland, this week. If the alliance decides in early June to keep its current cuts after the end of the first half, we could see an “extremely tight” oil market in the second half of the year, Citadel’s executive said, adding that the timing of OPEC+’s potentially eased cuts and their volume “will define where prices go in the next 12 months.” Right now, prices are going up, as geopolitical concerns linger in the Middle East, demand holds strong and could turn out stronger than expected, and supply and infrastructure issues hold back production and exports, from Mexico to Russia. Top traders and forecasters, as well as investment banks, have upgraded their price and demand forecasts in recent weeks. Oil prices are set to trade in the range between $80 and $100 per barrel this year, Russell Hardy, chief executive at Vitol Group, said at the FT summit this week. The world’s largest independent oil trader also expects robust global oil demand growth in 2024, at around 1.9 million barrels per day (bpd) higher than in 2023, Hardy said. If this forecast pans out, this year’s growth in oil consumption will not be too far off the bumper increase in demand in 2023. The U.S. Energy Information Administration (EIA) raised its 2024 and 2025 forecasts of global oil consumption by between 400,000 bpd and 500,000 bpd, due to a revision of historical data for 2022 and to the “current market dynamics,” the EIA said in its monthly Short-Term Energy Outlook (STEO) on Tuesday. Morgan Stanley sees heightened geopolitical risk pushing Brent prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel compared to its previous projection. Last month, Morgan Stanley had already hiked its third-quarter oil price forecast by $10 per barrel, to $90, on the back of expected tighter markets in the summer. In recent weeks, banks, including JP Morgan, have said that oil prices could hit $100 per barrel by the end of the summer. However, demand destruction could prevent prices from reaching triple digits, JP Morgan says. Still, analysts and industry executives believe that OPEC+ would reverse at least part of the cuts if prices run up to $100 as it would look to avoid demand destruction, stronger response to high prices from U.S. shale, and a potential loss of longer-term demand for OPEC+ crude. If OPEC+ rolls over the cuts beyond June, “we will see a level of tightness in the market that will be very constraining to the market, and high prices will have to go and help destroy demand to solve that problem,” Citadel’s Barrack said at the FT Commodities Global Summit. As tempting as it may sound for OPEC to sell oil at $100 a barrel, the cartel may not be willing to risk another inflation shock that could cripple demand.' |
Posted at 10/4/2024 03:10 by xxnjr MT - apologies for being disagreeable but as a shareholder in Tullow that is not how I remember it.the share price of TLW is about 34p today. In 20 yrs the share price has increased from err 32p to 34p. Nothing much to shout home about. The business wasn't really built by McDade. It was initially built by founder/CEO Aidan Heavey and CFO Tom Hickey. As far as i can recall they were the ones who would have steered the negotiations on UKNS acquisitions from Esso and BP and they were the ones who negotiated the Energy Africa acquisition in 2003/4 which was arguably the making of Tullow Phase 1. The explosive share price grown of Tullow Phase 2 which reached £16 at one point (in old money b4 a capital raise) was driven by very high risk frontier exploration with big discoveries in Uganda, Ghana, Kenya, not from buying low risk mature assets from exiting majors. It all went to their heads in Tullow Phase 3 when in relative terms Tullow probably had the highest exploration spend of any E&P on the planet. billions and billions on exploration. And billions and billions written off on failed wells. McDade made such a mess of Tullow after being appointed CEO that the company were obliged to fire him. So yeah, Afentra is a bit like early Tullow Phase 1 was the UKNS. And hopefully McDade has learnt from past mistakes..... |
Posted at 20/12/2023 14:57 by ashkv Share Price - AET: 37.5AET Current Share Price vs 52 Week low of 18.85p on 24 Mar 23: 92.31% AET Current Share Price vs 52 Week High of 34p on 11 Dec 23: 10.29% Brent: $80.10 Shares Outstanding: 220,053,520 Market Cap (GBP): £82,520,070 GBPUSD: 1.265 Market Cap (USD): $104,387,889 Production Average FY 2022: 4,478 Production Assuming Acquisition Completion 3/05 & 3/05A (Nov 2023): 6,427 Block 3/05 2023 Production Forecast as of 8 Dec 23 (AET 30%): 5,730 Cash (HY 2023 Results): $15,700,000 Cash Outlay For Equity Component of Acquisitions: $20,700,000 Net Debt Forecast YE 2023 at $75 Brent (8 Dec 23 RNS) : $20,700,000 AET Crude Stock at $75 Brent (8 Dec 23): $11,900,000 Enterprise Value (Market Cap + Debt - Cash at HY 22) (USD): $125,087,889 EV/Barrel (FY 2022 Production Average): $27,931 EV/Barrel Production Assuming Acquisition Completion 3/05 & 3/05A (Nov 2023): $19,463 EV/Barrel Block 3/05 2023 Production Forecast as of 8 Dec 23 (AET 30%): $21,830 EV/Barrel November 2023 Production including YE Crude Stock: $17,611 2P Reserves Post Revised Acquisitions: 33,000,000 EV/2P: $3.79 |
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