Andes Energia Share Discussion Threads

[roper] 12/10/2011 22:42

picked up some today - looks like the market is short - also good to see an absence of rampers here

[polyps] 11/10/2011 22:42

i do, its like getting info from a stone with IR though. WAtching for volume as insiders only. I am in here for the cow shale

[loobrush] 11/10/2011 13:08

does anyone else have a holding here or am I the only one !

[loobrush] 07/10/2011 17:14

Price still on the up, any mention will see this rocket-Brokers target 58 p-directors taking shares instead of pay !

[loobrush] 05/10/2011 18:22

Looking good here-rising on small volume as drilling for oil goes on.What does anyone think it could get to if it hits pay dirt? Seems not to be on anyones radar.

[empirestate] 30/9/2011 23:04

still at around a 20% discount to net nav, incredibly cheap, the only problem is there just isn't enough buyers around to push the sp

[sillyblackdog] 30/9/2011 08:31

May I ask what people's targets are for AEN?

[simonparker5] 30/9/2011 07:25

Excellent results and we still have all the upside of the drilling campaign.

[maytrees] 29/9/2011 14:48

Small but steady buying again with more share price gain atm 5%+ and I added

DYOR

[maytrees] 28/9/2011 15:33

Agreed Stuart14 but there is more trading of AEN shares recently and the share price is slightly more interesting of late as well - I hold - dyor

[stuart14] 27/9/2011 09:53

For a company doing deals and drilling for Oil/Gas this is the quietest thread!!!

[polyps] 13/9/2011 18:01

My feeling this is a tester to log the Vac Muerta see whats there and then move form this base. unsure if they have Seismic need to phone the company to investigate. Only 40km from Loma la Lata, now that would be a prize!

[stuart14] 13/9/2011 12:23

No idea, first i'd heard they were preparing to drill today. They aren't big on self-promotion!

[loobrush] 13/9/2011 10:28

bought in today-lets hope this is picked up on the radar as they are aiming for a big target, any idea of value if they strike lucky ?

[stuart14] 13/9/2011 09:14

First well spudded, sounds very wildcat to me, is there seismic in place at all?

Either way fingers crossed for a good result. This Co is still way below anyones radar.

[maytrees] 05/9/2011 13:10

Added at 17.72 - below published mid share price - presumably because
of lack in interest also indicated by this thread being so quiet,

[empirestate] 19/8/2011 19:21

Today's news that a subsidiary of Andes Energia (LON:AEN) has restructured its debt "highlights Andes' growing financial maturity", according to the Alternative Investment Market-quoted firm's house broker Arbuthnot Securities.

Andes is a diversified energy group with oil and gas, hydroelectric and electricity distribution operations in Argentina.

This morning the firm announced that its 51 per cent-owned electricity distribution subsidiary EDEMSA (Empresa Distribuidora de Electricidad de Mendoza Sociedad Anonima) has entered into a syndicated loan agreement for 144 million Argentinean pesos (US$36 million), which will be repayable in 10 equal quarterly instalments beginning in May 2012. Interest payments will be fixed for the initial four payments, with subsequent payments variably linked to the Central Bank of Argentina benchmark rate (currently nine per cent).

The funds are being used mainly to refinance the subsidiary's existing debt as well as accelerate the implementation of work plans and provide working capital. A proportion of the funds will be used to buy back approximately 90 per cent of existing EDEMSA bonds in issue.

Arbuthnot said that the move to exchange its US dollar-denominated bonds for an Argentinean-denominated lending facility "removes a large proportion of currency risk" if the Argentinean peso falls against the dollar, with only a US$6 million debt exposure remaining to the US dollar.

The broker added that there is no impact to its valuation, although it continues with its 'strong buy' recommendation' and a target price of 56 pence per share.

Last week Andes announced interim results for EDEMSA that showed the subsidiary produced a profit of 11 million pesos, compared with a profit of 27 million pesos in H1 2010. The firm pointed out that a one-time gain of 21 million pesos was recognised in the comparable period last year.

Sales during H1 2011 were up five per cent at 18 million pesos. The increase was due to the "pass through" of increases in energy costs as well as a slight increase in demand.

Andes also owns Hidroeléctrica Ameghino – a hydroelectricity business that has a 50-year concession (which began in 1994) to operate the Amerghino hydro power plant that is situated 120 kilometres south-west of Trelew city in Chubut Province. The plant has an installed capacity of 60 megawatts, employs around 25 staff and has low annual capital expenditure and maintenance requirements – meaning that electricity is generated by the plant at a cost of 25 pesos per megawatt-hour.

Andes is also involved in several oil and gas exploration licence blocks around Argentina. It has a 20 per cent participation in two exploration licence blocks in the province of Nequen and an option to acquire a 50 per cent interest in a production field in the province of Mendoza.

[stuart14] 10/8/2011 11:32

Really wish I could find a chart of how this is doing on the BA Stock Exchange. Failed in my efforts so far though.

[simonparker5] 10/8/2011 09:36

This Fitch rating is excellent news and would hope that this now gets some eyes of those who can see value. Broker note earlier in the year had a conservative 54p target and with lots of O&G transactions taking place since means this is cheaper still.
AIMHO

[stuart14] 10/8/2011 07:13

The Board of Andes, the Latin American energy group, is pleased to announce that Fitch Inc. ("Fitch") has granted Andes's shares a rating of Level 2.

The rating is designed to measure overall investment risk taking into account different variables including but not limited to a company's size, history, price volatility, financial results, business risk, investment plans and liquidity of the securities market.

A full copy of Fitch's report will be available at

Luis Alvarez Poli, Chief Executive Officer of Andes, commented, "This is excellent news which we believe will create additional demand and liquidity as this will now provide the opportunity for Argentine institutional investors, investment funds, mutual funds, insurance companies and even local banks to trade our shares on the Buenos Aires Stock Exchange

[polyps] 30/7/2011 12:24

This is going to rise when drilling starts. Will they start with the farm in first to generate further cash flow to prevent dilution in future to finance drilling?

Has anyone spOken to management?

[maytrees] 29/7/2011 07:49

Good morning

AEN's dfe RNS this morning is imho +ve news as the creditor's decision to convert debt to AEN shares indicates confidence in AEN not least because the conversion share price of 23p is higher thanyesterday's mid share price of 21p.

I hold - dyor.

[stluke] 20/7/2011 14:50

Another little tick in the right direction, could be last chance to take a further position sub 20p!?

[stluke] 19/7/2011 12:30

Well after a pretty shocking share price retracement on nothing more then general market sentiment the tide seems to have turned so have increased my holding here today at price I didn't think we would be re-visiting.

Newsflow should start to pick up soon so look forward to a update including O&G exploration and production.

[shuell] 20/6/2011 09:15

What is going on with this share price? There seems to be good news and yet it is just sells going through?