Bowleven Share Discussion Threads

[watfordhornet] 30/11/2016 22:09

Good a lot of No voters but doubt it will make a blind bit of difference

[neilyb675] 30/11/2016 21:44

I think there are a lot of NO voters.

[cyan] 30/11/2016 21:16

For all his efforts KH got a BIG no vote from me

[leedskier] 30/11/2016 16:00

Would that be March 2015?

[leedskier] 30/11/2016 13:39

Bloomberg reports that the cut is going to be 1.2 million and about 600,000 by non OPEC producers.

1.8 million a day!

Oil has risen 7%.

It seems that London markets want to see the signed document and the analysts spin before reacting.

[leedskier] 30/11/2016 12:59

Absolutely.

[phowdo] 30/11/2016 12:23

choosing suitably leveraged plays is the next challenge.

TLW and PMO both up over 10%. Those would be my picks
BLVN will no doubt finish flat or down if a deal is reached.

[leedskier] 30/11/2016 11:52

RDSB and BP. rising in expectation. RDSB up 4%.

[leedskier] 30/11/2016 11:02

A cut is coming apparently.

[cyan] 30/11/2016 10:57

If POO today is anything to go by , an OPEC deal is on the cards.

Brent very much stronger at $50.41.

[gunsofmarscapone] 30/11/2016 10:39

Fairly certain that opec will close a deal today, choosing suitably leveraged plays is the next challenge.

We could expect a modest uplift here due primarily to the p.o.o but offset unfortunately by the savage loss of acreage and the associated potential contingent resources; only retaining 20% of mhlp7 doesnot auger well and to be honest if I can make 30% on my ave here of 42p approx I will be more than happy to exit.

You wouldn't blame the Africans for being exasperated with the Scottish way of doing business.

[nametrade] 30/11/2016 10:35

I don't suppose POO would drop for long. Can OPECs leading countries afford to let that happen?

[leedskier] 30/11/2016 08:55

Which is why I suggested yesterday that it should sit on its hands until there is some visibility. If POO craters those with cash will be literally in the pound seats.

[goodgrief] 29/11/2016 18:33

Maybe if POO craters, then Bowleven might find a potential acquisitions more willing to submit.

[cyan] 29/11/2016 15:01

"We now see a very low chance for an OPEC cut," said Bjarne Schieldrop, chief commodities analyst at Nordic bank SEB.



Brent now $46.34

[cyan] 29/11/2016 12:33

It is certainly approaching crunch time regarding POO. Some are predicting a serious fall in POO if OPEC fail to agree a credible cut in production.

We have had a series of failures in the sector from the small always speculative, ie MOIL to the larger with previously thought credible plans, ie AFR and latterly XEL.

The next one that concerns me is PMO.
Their hedging clock is ticking and the bond holders have not agreed anything yet.
If OPEC fail and POO loses $10 plus I think PMO is in a very difficult place during 2017.

The good news for us in BLVN is we do not have debt worries.

[cyan] 29/11/2016 12:10

Good afternoon leedskier. Fair point regarding share price support.

The next move in the sectors value lays squarely with OPEC. Not long to wait.

"In OPEC’s High-Stakes Poker Game, Iran and Iraq Call Saudi Bluff"



The ultimate blame for the whole sectors woes lays with the Saudi's imo.

[leedskier] 29/11/2016 11:53

The share buy back will not lift the share price unless and until OPEC agrees to stop over supplying the market.

Without the share buy back, which incidentally has the effect of mopping up sales into the market, the share price would be significantly lower. See the charts for BP. and RDSB over the last two weeks.

Until there is some visibility on the oil supply situation, the Company should sit on its hands.

[phowdo] 29/11/2016 11:25

One might argue that MACQ are managing the shareprice rather than managing an actual share buyback.
After all they could narrow the spread and bid 25p or hit the ask if they wanted to buy shares...

[cyan] 29/11/2016 11:21

The buyback is not helping much



Extract

Date of transactions: 28 November 2016
Total number of Shares
purchased: 155,442
Highest price paid
per Share: 24.78p
Lowest price paid
per Share: 24.50p

[gark] 29/11/2016 10:21

No volume. They run out of stock at this level? Anyone got Level 2? Does that tell you anything in terms of the gap?

[gark] 28/11/2016 22:19

I voted against all. Might be close at this rate.