Afren Share Discussion Threads

[siham44] 04/1/2008 15:49

bought at 116
do u think it will dip more?
:(

[5bag] 04/1/2008 15:18

Historically, the last couple of hours of the day has seen some good rises on AFR....

COME ON AFREN! lol

[logica2me] 04/1/2008 14:02

Small tick up. Wonder if we'll see 120p by the end of the day.

Glad I'm in oil stocks - the rest of the market looks dire!

Log

[sludgesurfer] 04/1/2008 13:17

Just had a mail from a source in the company overseeing the manufacture and performing the installation of the Okoro Production flatform.
It is this platform which is being hooked up to the FPSO. At present, their offshore crew is due to be mobilised "early February" which to my mind looks to agree with the following:

"Afren PLC said it is on track to achieve first
oil in the first quarter of 2008 and production of 15,000-20,000 barrels per day in mid 2008 at its Okoro Setu project in Nigeria."


I was secretly hoping for installation a little sooner but as others rightly pointed out, this would have meant early release of the jack-up.

Great start to the new year.

Sludge

[leeson31] 04/1/2008 13:10

cheers 5bag.

maybe todays rise is linked to GAS rns' !?

[5bag] 04/1/2008 13:09

All down to personal preference but I like the charts, informative and much more often than not, accurate indications of share price movements

Anyone would love a stock with a chart like that...hehe

keep 'em coming Lee$on :-)

[leeson31] 04/1/2008 13:02

just for you referencepoint :-)

nice break out indeed. i love my charts.

:-)

[surfer2] 04/1/2008 12:57

African VPC but with big exploration upside imo....

[referencepoint] 04/1/2008 12:53

Recent price rise is not unexpected.
FTSE100 up 55 so far this year, whilst FTSE250 down about 180
Suggests to me that people spent Christmas period revising their portfolio's and moving money to where they see 'value' or safer havens in 2008.
If you read the press, its all about getting out of Commercial Property, Banks, Retail etc. So where has the money gone? Oil & Gas and Mining, which surprise surprise make up a big chunk of the FTSE100.
If investing in Oil, makes some sense to pick a large company, Shell, BP, Tullow etc and then put a chunk into smaller highly speculative oilers. Any decent research will have thrown up Afren, Matra, Timan etc, so no surprise seeing these all doing well so far this year. Long term holders of Afren know there's jam today and cavier tomorrow.

Well done Leeson (but I hate your charts), Jack Brent etc for being long term holders and sticking to your guns over the last year.

Personally I'm close to being 100% up on my first purchases of Afren and see this going much much higher over next 3 years.

[leeson31] 04/1/2008 12:36

anhyways, rise seemingly back on !? :p

[leeson31] 04/1/2008 12:36

my name aint leeson , but advfn it is.

:-)

[surfer2] 04/1/2008 12:33

Leeson

are you the real Leeson ??(:

shouldnt you be managing a small football team ?

[leeson31] 04/1/2008 12:33

Manx Telecomes business mission onjective IS having a lunch break LOL

[leeson31] 04/1/2008 12:32

Mikey, I use charting for breakouts, but L2 for precise timing... I know ppl here dont like charting and feel it doesnt really reflect certain issues, however, I swear by it, and make a living from it... each to our own us perculiar folk :-)

[mikey_b] 04/1/2008 12:30

I need to find some info on interpreting full L2 data and reading the share price movements just before they happen.

Thanks for the thought Leeson! Manx telecom having an early lunch break then ;-)

[leeson31] 04/1/2008 12:30

ineviatbel mikey that / this dip ... but, the ball is rolling... i seriously woudlnt have though that bad news is about to break, or the share price decline, especially after the way the share price has rose.. all the traits of imminent rises imho..

:-)

tried to send you a sceenshot before but my damn px is running AT HALF An 'EFFIN MEG today. lol. so had to halt the operation.

[leeson31] 04/1/2008 12:29

it did me the world of wonders gettini laid off from my old Bank. :-)

[mikey_b] 04/1/2008 12:28

Maybe I wont be a hobby investor much longer :o)

My plan too. Just need that redundancy cheque to help me along.......

Ah, there's that bloody dip !

[ngms27] 04/1/2008 12:26

ngms27 Only 5k left to play with :-( I am a 'hobby' investor of limited resources in full time employment to meet the bills and pretty close to being as exposed as I wish to be now. If £5k means nothing to you feel free to send me some dosh :-)

So am I but I'm now in 6 figures with this and Soco. Gulp

Maybe I wont be a hobby investor much longer :o)

[ilancas] 04/1/2008 12:22

Alternative trend channel to the one I posted earlier. Note that I use log scales on charts which cover a wide price range.

[giltspur] 04/1/2008 12:18

LOL, good un, mikey

[mikey_b] 04/1/2008 12:13

I used HL Logica2me


ngms27 Only 5k left to play with :-( I am a 'hobby' investor of limited resources in full time employment to meet the bills and pretty close to being as exposed as I wish to be now. If £5k means nothing to you feel free to send me some dosh :-)

[leeson31] 04/1/2008 12:12

cleare break out now......

onwards n upwards from hereon.

[ngms27] 04/1/2008 12:07

Only 5k ;o)