Afren Share Discussion Threads

[leeson31] 06/2/2008 14:17

then some buyers on AT came in and changed the price to...



it changes really quickly as is best learnt really by watching it, but the above shoudl give a good indication how it works...

[5bag] 06/2/2008 14:08

Yes thanks Leeson, cool :-)

[leeson31] 06/2/2008 14:05

the orders on the left hand side are buy orders from ppl who have direct feed access to level 2 trading, mm's, inst's and cdf traders.... they BUY your stock, hence it being the selling price for us.

the orders on the right hand side are SEL orders from mm's and direct feed merchants etc, who will sell you stock, as in, we BUY...

if for example a punter with direct feed access filled the two orders at the top left for 6645 shs and 297 shs, then an AT trade pops up on the right hand side in the trades colume, and the price then becomes... 101.25 to 102.5


any any point a selr or buyer can 'nip' in netwen the bid and offer to put their order in... if the touch is just 1/4p then you know th enext deal will alter the price because if the bid order is taken, then the price below it becomes the next price...

hope of ue to you mate.

[5bag] 06/2/2008 14:01

Leeson, please forgive my ignorance, but how do you glean info from those L2 screenshots?

[keith2006] 06/2/2008 13:42

Quite a few AT trades today, buys

[zhockey] 06/2/2008 13:04

PB have raised there long term refference oil price to $60 from $40.

[gpmh1] 05/2/2008 22:56

NG News: Nigeria plans 20 billion dollar spending on oil sector: minister
Tue Feb 5

ABUJA (AFP) - Nigeria plans to spend about 15 to 20 billion dollars annually on oil exploration and production, junior oil minister Odein Ajumogobia said Tuesday.

"An estimated annual spending of about 15 to 20 billion dollars (10.2 to 13.6 billion euros) is anticipated in Nigeria's exploration and production sector," Ajumogobia told participants at a Gulf of Guinea Oil and Gas conference here.

The minister said this "aggressive production capacity expansion plan" will put Nigeria in the forefront of investments in the Gulf of Guinea. This region also comprises Angola, Cameroon, Gabon, Congo, Equatorial Guinea and Sao Tome and Principe. In all, it has estimated oil reserves of about 60 billion barrels.

Ajumogobia said Nigeria's crude oil reserves currently stand at about 35 billion barrels, putting the west African country in good position to play a critical role in global crude oil supplies.

The minister said the state-run oil company, NNPC, was being restructured for better performance, adding that "this reform will address the challenge of funding that has threatened the sector growth".

"As a prelude to this, the federal government has this year allowed NNPC to attempt to raise third-party finance for its activities and about six billion dollars is currently being sourced from these sources," Ajumogobia said.

"This effort will enable the JVs (Joint Ventures) to sustain a higher level of activity estimated at about 15 billion dollars in total for 2008", he added.

Joint-venture funding has been an issue between Nigeria and major oil companies, with the foreign companies accusing the west African country of defaulting in foreign currency cash call payments.

Nigeria is Africa's biggest oil producer, accounting for a daily output of 2.1 million barrels.

[5bag] 05/2/2008 20:17

Well, its in the price now anyway, but I would like to think so.

Dow sucks at the mo..

Regards

[popper4] 05/2/2008 17:56

What you have to ask though is are these MS shares back on the market yet?

[leeson31] 05/2/2008 17:53

dow very weak... wish it would whoosh. !



chart looking ok... seemingly rising..

[leeson31] 05/2/2008 16:39

from 31st JAN...

RNS Number:9837M
Afren PLC
31 January 2008

AFREN plc ("the Company")

Shareholding in the Company


The Company was notified on 29th January 2008 that, as at close of business on
25th January 2008, Morgan Stanley Securities Limited, had an interest with
direct voting rights in 32,314,172 Ordinary Shares of 1p each ("Ordinary Shares
") in the Company, representing 11.83% of the total issued share capital of the
Company.



in 6 days, to 31st jan, MS reduced by 2,292,043 shs...

and crest went up....

[leeson31] 05/2/2008 16:38

not quite. lol

Shareholding in the Company




RNS Number:3616N
Afren PLC
05 February 2008

AFREN plc ("the Company")

Shareholding in the Company



The Company was notified on 4th February 2008 that, as at close of business on
31st January 2008, Morgan Stanley Securities Limited, had an interest with
direct voting rights in 30,022,129 Ordinary Shares of 1p each ("Ordinary
Shares") in the Company, representing 10.99% of the total issued share capital
of the Company.





5th February 2008

[mikey_b] 05/2/2008 16:00

Leeson - sharp enough?

[leeson31] 05/2/2008 14:08

Lookin' Gurrrd.

:-)

thats intra day above the buy signal.... ideaslly coudl do with end of day finish above it...

but we have all week and we are closer to production by th eday.

any sharp dips and i think i'll probably buy hard on it.

[leeson31] 05/2/2008 13:19

Excellent Gilty. lol. gap now filled.

:-)

[giltspur] 05/2/2008 13:13

Bleedin ell, there's a lot of buying?

[giltspur] 05/2/2008 13:12

Here you are Mikey


free stock charts from www.advfn.com

[leeson31] 05/2/2008 13:03

lovely, lots of AT buys coming in....

[mikey_b] 05/2/2008 12:54

Can't you edit the chart with MS Paint and fill that bit in? Just a thought...

[leeson31] 05/2/2008 12:52

circle = gap at 96.5p

fyi

[leeson31] 05/2/2008 12:50

if the mid price reaches (end of day) at 104.394 then that'l be a buy signal for lots of traders imho..

looks liek gap not goign to be filled perhaps now.

also, if first rns'd oil is circa 18th March, then T20 and T25 traders/buyers will be looking to enter around 11th Feb...

so, if the share price does reach the buy signaled price at 104.394, and the closer we get to 11th feb, then in theory the share price shoudl get back to previous ath's...

imho of course.

cheers

[leeson31] 05/2/2008 12:47

lots of buys on AT trades coming in now...