Share Name Share Symbol Market Type Share ISIN Share Description
Eco (Atlantic) Oil & Gas LSE:ECO London Ordinary Share CA27887W1005 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 22.875p 22.75p 23.00p 22.875p 22.875p 22.875p 82,496 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.5 -4.0 - 3.54

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Date Time Title Posts
24/11/201715:12ECO Atlantic--Next door to Exxon Offshore Guyana74
08/2/201710:32ECO (Atlantic) Oil & Gas - Offshore & Onshore Namibia13
27/1/201113:10THE ECONOMY-
26/10/200910:06ecosecurities - carbon trading238
24/3/200608:44Eco Securities Looking Good3

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Eco (Atlantic) Oil & Gas Daily Update: Eco (Atlantic) Oil & Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ECO. The last closing price for Eco (Atlantic) Oil & Gas was 22.88p.
Eco (Atlantic) Oil & Gas has a 4 week average price of 21.75p and a 12 week average price of 17.13p.
The 1 year high share price is 26.75p while the 1 year low share price is currently 16p.
There are currently 15,473,233 shares in issue and the average daily traded volume is 414,873 shares. The market capitalisation of Eco (Atlantic) Oil & Gas is £3,539,502.05.
maccamcd: some bunff from Brandon Hill research "The transaction values Eco’s existing 40% working interest at US$21.6m (13.5p/sh), leaving just 1.1p/sh of value in the current market cap for Eco’s Namibian acreage (after accounting for 2.5p of cash). Given recent corporate activity in Namibia we feel this is too low providing significant scope for a share price appreciation. In PEL 37, located adjacent to Eco’s Cooper block, ONGC Videsh farmed in to a 30% working interest in July, while more recently, Africa Energy acquired an effective 10% interest in the same licence for US$7.7m, through the acquisition of a 33% interest in a subsidiary of Pancontinental Oil & Gas. The terms of the Africa Energy transaction, when applied to Eco’s 32.5% interest in the Cooper Block implies a US$25m valuation or 15.7p/sh. In aggregate this suggests a fair value for Eco in the region of 31.7p, without attributing any value for the Guy, Sharon and Tamar licences, and implies upside of 85% to the current share price. "
barbudo viejo: Less speculation here than I would have expected: a fashionable headline-grabbing green company, several column inches in yesterday's Times, young entrepreneur seeks to buy back company, up against might of investment bank etc. etc. Below is report from Int.Bus.Times Morgan Chase & Co agreed to buy carbon offset aggregator EcoSecurities for 122.9 million pounds ($204 million) on Monday, trumping a bid from the firm's co-founder, to boost its carbon-credit trading business. J.P.Morgan Ventures Energy Corp., a subsidiary of the bank, said its 100 pence-a-share bid, made through Carbon Acquisition Company, had the backing of shareholders representing 19.9 percent of the company. It said EcoSecurities had successfully realized value from sourcing, developing and trading emission reductions, and it noted the firm had recorded its first period of profitability in the first half. The offer represents a 120 percent premium to the group's share price before the start of the offer period on June 4. "It looks like JPMorgan is backing the current management to take the business private," said Ken Rumph, an equity analyst at Nomura Code. Ireland-based EcoSecurities Group Plc develops clean energy projects under the Kyoto Protocol's Clean Development Mechanism, which allows companies to export cuts in greenhouse gas emissions to emerging countries like China and India, where such reductions are cheaper to make. EcoSecurities shares were up 11.5 percent at 101.5 pence by 1411 GMT (10:11 a.m. EDT). Carbon Acquisition Company said the acceptances included 13.6 million shares held by current and former directors and 9.9 million shares owned by Credit Suisse.In the offer statement, Carbon Acquisition said the acceptances would remain binding in the event of a competing offer being made. "It's a scorched earth, blocking tactic (and) it's a problem for Guanabara if these blocking minority figures are holding out," Rumph added. EcoSecurities rebuffed on September 1 a revised 90 pence-a-share offer from Guanabara Holdings, set up by EcoSecurities co-founder and former president Pedro Moura Costa.The board of Guanabara said Monday afternoon it noted Carbon Acquisition's offer and will make a further announcement following a review of its own position. "It remains to be seen if Guanabara will improve its offer and bid something closer to our 'bare-bones' valuation of 114 pence per share," said Mirabaud's Agustin Hochschild. In July, Guanabara reached a deal with then rival bidder EDF Trading, a unit of French utility EDF, offering it the option to purchase a portion of EcoSecurities' pre-2012 offset portfolio if Guanabara's bid was successful. Mid-price currently showing as 105p. TIJMO
barbudo viejo: If the approaches are being made on the basis that ECO is so cheap, they might as well buy it, then the purchase price is inherently limited by metrics like book value/pv/share price performance etc. If, however, the bidders REALLY want it, for any one of a host of strategic reasons, then speculating on how high they might go becomes an exercise in imagination rather than mathematics...
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