Afren Share Discussion Threads

[leeson31] 21/12/2007 14:56

103 to 103.5

[mikey_b] 21/12/2007 12:05

Extracts from that report I linked to:


We draw investor's attention to the following stocks;
�Afren (AFR.L): With production due to start 1Q2008 it will be the first in
West Africa, under our geographic criteria, to produce. We feel the EV/2P
bbl of $15.9 is expensive given the operating environment; however Afren
has extensive exploration upside supported by $96m giving it a $6,200/sq.
km value. Mildly negative EV/DACF of -70.5x and negative RoACE of -
5.99% should improve with production. Stock trades at 460% of its listing
price.

[leeson31] 21/12/2007 11:18

chart changes slightly with there now being a slight resistance line, but underpinned by a good support line, and MDA's....bullish.....

[mikey_b] 21/12/2007 10:07

Thanks to CURRYPASTY on ADVFN, a Collins Stewart report on a load of AIM oil & gas companies and how the valuations are arrived at.

Downloadable from here



We have examined 81 companies on the AiM market totalling £8bn of market cap
and encompassing companies as small as £3mn to those approaching £440mn.
We have reviewed the market using a wide ranging metrics and comparators. This
has identified companies we feel deserve further investigation in terms of potential
value to be added or which are currently over valued. However the study has only
confirmed our long held belief that E&P stocks have to be examined individually
before making an investment decision. ...

We highlight the following stocks as positive on our metrics
First Calgary (FCPL.L)
Nighthawk (HAWK.L)
Northern Petroleum (NOP.L)
Dominion Petroleum (DPL.L)
Oilex (OEX.L)
Bankers Petroleum (BNK.L)
Aurelian Oil and Gas (AUL.L)
Stratic Energy (SE.L)
Gulf Keystone (GKP.L)
Faroe Petroleum (FPL.L)
Timan Oil and Gas (TMAN.L)
Xcite (XEL.L)
Matra Petroleum (MTA.L)
Serica (SQZ.L)

We highlight the following stocks as negatives on our metrics

Ascent Resources (AST.L)
Caspian Holdings (CSH.L)
Egdon Resources (EDR.L)
CDS Oil and Gas (CDS.L)
Hardy Oil and Gas (HDY.L)
Circle Oil (COP.L)
White Nile (WNL.L)
Victoria Oil and Gas (VOG.L)

[leeson31] 21/12/2007 09:48

cheers Mikey..

[mikey_b] 21/12/2007 09:41

You all know this but LSE over Xmas:

Monday 24 December 2007 Markets close from 12.30

Tuesday 25 December 2007 Closed all day

Wednesday 26 December 2007 Closed all day

Thursday 27 December 2007 Normal business day

Friday 28 December 2007 Normal business day

Monday 31 December 2007 Markets close from 12.30

Tuesday 1 January 2008 Closed all day

Wednesday 2 January 2008 Normal business day

[mikey_b] 21/12/2007 09:40

If I understand right, now around 102 and we should resume normal service any moment

[soupdragon55] 21/12/2007 09:27

Me too 5bag, in the office early today working like a demon so I can finish as early as possible. Then out for some festivities.
Slightly odd feeling though as there was a very strong police presence at Finsbury Park tube this morning, certainly not seen that level of policing since the scares.

[5bag] 21/12/2007 09:18

Last day in the office, and my advfn is running sh1t hot, for a change.

Everyone finishing at dinner and going for the xmas p1ss up

:-)

[mikey_b] 21/12/2007 09:16

and is anyone likely to sell at that I wonder...or will they have to move the bid?

[leeson31] 21/12/2007 09:15

20,000 shs at 102.25
mlsb at 102 with 6250

and evo 50,000 at 102...

:-)

[mikey_b] 21/12/2007 09:02

are the buy orders backing up there @102 Lees?

[leeson31] 21/12/2007 08:31

maybe 5bag.... hard to speculate, but i think its good they want all this stock, and theyre collecting mainly at the 102p area...

cheers

:p

[5bag] 21/12/2007 08:27

It all makes sense Leeson

Maybe another RNS Re MS holding due in near future?

:-)

[leeson31] 21/12/2007 08:17

EVO straight on the bid, again like yestrday and previous trading days, they want your stock. im sure theyre filling a large order... they must have colected over 1million shs so far in th elast 4 trading days...

Leeson

[billfisher98] 20/12/2007 22:15

Showing good upwards momentum. Will be interesting to see where the price goes next.

[leeson31] 20/12/2007 19:54

r4 will be nice :-)

cheers enami.

[enami] 20/12/2007 19:11

All looking good Leeson, with such a narrow range today probably will hit R4/S4 tomorrow. Still above CP

R4 107.58
R3 105.83
R2 104.67
R1 104.08
PP 102.92
S1 102.33
CP 101.50
S2 101.17
S3 100.58
S4 98.83

[leeson31] 20/12/2007 18:59

Crest Data

down from 11.30%

On Loan as % in Crest 11.09 %

[makkaroni] 20/12/2007 18:55

Seoul to invest $21.5bn in energy (FT.com)

South Korea's public pension fund plans to invest $21.5bn in energy development projects over the next 10 years including the purchase of major stakes in overseas oil fields or the acquisition of a foreign oil company. The plan was announced as the South Korean government, keen to secure stable energy supplies amid strong oil prices, steps up its efforts to develop foreign oilfields and other energy sources. The state-run National Pension Service, the world's fifth-largest pension fund with $240bn under management, has agreed to make joint investments in overseas projects with three state-run energy companies – Korea Gas Corporation (Kogas), Korea National Oil Corporation (KNOC) and Korea Resources Corp. The plan will make the NPS the country's largest financial investor in overseas energy development projects, giving financial support to South Korean energy firms competing with foreign rivals such as India's Oil and Natural Gas Corp and China's Sinopec to secure energy supplies. "The pension fund's active participation in overseas energy development projects will add strength to the government and our companies struggling with a lack of fund in this global energy war," Kim Young-joo, South Korean commerce minister, said at the signing ceremony on Sunday. The NPS said the plan would help it diversify its investment portfolio and boost returns as it faces a fund shortfall in coming decades because of its ageing population. The fund will make investment decisions after reviewing proposals by its partners on a case-by-case basis, an NPS spokesman said. But the investments will be made mostly in oil or gas fields that are already in production to minimise risks. Analysts criticised the plan, saying it could cause a conflict of interest as the NPS will be using public pensions to advance national interest. The government aims to increase the country's self-supply ratio of crude oil and gas to 28 per cent by 2016 from 3.2 per cent in 2006. "The plan seems to have been influenced by political motives. There are few cases worldwide where pension funds directly invest in energy development," said Kang Sung-won, a researcher at Samsung Economic Research Institute. "It is a huge amount of money. They are making risky bets in long-term projects with no guarantee of future profits," he said. "I am not sure if national interest will lead to higher returns for pensioners."

[makkaroni] 20/12/2007 18:45

I am very enthusiastic...

a strong uptrend in these times... and the "spring-rally" 2008 ahead....wow :-)

[leeson31] 20/12/2007 18:09

R3 105.0833333
R2 104.1666667
R1 103.5833333
PP 102.6666667
S1 102.0833333
S2 101.1666667
S3 100.5833333

[leeson31] 20/12/2007 17:19

jack, 236 for buying charge on £20 k deal.... 25 to close in T period... i have an arrangment where the charges ar capped at 250 quid if i do a deal on 25k + which i used to do 85k deals so 250 is fine for me...

hello Gilty :-)