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Empyrean Share Chat (EME)

Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.375p +6.38% 6.25p 6.00p 6.50p 6.625p 5.875p 5.875p 1,860,705 13:02:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 16.0 5.1 2.3 2.7 13.86

Empyrean Share Discussion Threads

Showing 270751 to 270773 of 270775 messages
Chat Pages: 10831  10830  10829  10828  10827  10826  10825  10824  10823  10822  10821  10820  Older
DateSubjectAuthorDiscuss
12/2/2016
22:46
Oil prices soar on hopes of Opec production cut - http://www.bbc.co.uk/news/business-35564492
stewart3258
12/2/2016
22:10
Another big drop in the US rig count this week.... http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview
mojad5
12/2/2016
18:04
WTI rallying nicely @ 29.44
blakieboy7
12/2/2016
17:57
Agree - Confirmation next week that Cash has been received then downside covered and completely de - risked.
cammy3
12/2/2016
17:46
Yep lets get transaction closed and $25m sitting in our bank a/c and take it from there. Next week we will be debt free, have $m's of further cash in escrow, hold PoO hedges, have longer term free bet on PoO, have Eagle/Riverbend projects and most importantly have 8pps in cash in bank. What's not to like for 6.5p!
blueblood
12/2/2016
17:29
fROM mOTLEY fOOL Meanwhile, shares in Empyrean Energy(LSE: EME) are up by 8% today, also on the back of rising investor sentiment for the wider resources sector. This takes its gain for 2016 to 27% and much of this is due to the company selling off its interest in the Sugarloaf AMI project for $61.5m in cash, plus the potential for a further $10m based on future oil prices. This disposal seems to make sense due to the cost involved in developing the asset. Although Empyrean's share price will be highly dependent upon the oil price moving forward, it remains highly profitable and has been so in each of the last four years. With pre-tax profit due to be £4.5m in the current financial year, Empyrean may be of interest for less risk averse investors, with its shares having the potential to continue their recent gains
tarzanhey
12/2/2016
17:28
BB most important step first and foremost is to confirm receipt of cash next week. The circular talks about a capital return to shareholders in Q2 (April - June). However they me be a ex div/record date to secure that distribution.
cammy3
12/2/2016
16:53
I agree bb. It will be several weeks (at least) imo. So plenty of buying time for those so inclined. :-))
jemjem
12/2/2016
16:49
Don't confuse transaction closing date and any potential record date for distribution. Totally separate and although could happen on Tuesday think we will be waiting until TK can release further details for any record date!
blueblood
12/2/2016
16:44
stewart. I'm not sure anyone knows when we will get news post closure. My guess would be a holding statement with the RNS announcing closure, followed by much more detail a few weeks later. In the meantime, following closure, I'm happy to sit with what toon has posted here. In his opinion the initial distribution will be 7-8p. He has had conversations with TK about this. TK appears to be onside with distributing as much as possible. I know this is paraphrasing, but go back to the last few posts toon made several weeks back. With regards to closure date, the contract is specific: "subject to certain conditions being met, the Closing of the Transaction shall occur on the later of (i) the fifth business day following Shareholder approval at a General Meeting and (ii) the thirty‐first day after the date of the PSA Agreement." As far as I can see, all the conditions have been met and Tarzanhey reported from the GM that the last day for any contractual queries had passed last Friday without any problems. The "timetable" with the Circular to Shareholders said closure was "approximately 16th February". I can't see any obvious reason why it shouldn't be done by then. Imo.
jemjem
12/2/2016
16:15
stewart, I don't think that the 16th February was a hard date, but rather the date to aim for, the significance being that the tax escrow required by the US IRS goes up to 15% from 10% of the maximum possible receipts from the sale after that date. The 16th is on Tuesday though Monday is a holiday in the US so would they leave it so tight if it could be done earlier? c
crosseyed
12/2/2016
16:03
Thanks hopefully we might get results out in May this year as they will be needed as part of tax issues!
blueblood
12/2/2016
16:02
So is today the last day before we know the distribution or the initial distribution and potential re tax and again potentially the further 10M If thats correct people have 30 minutes to buy, or do we have Monday as well, closing is 16 Feb I understand or thats my understanding
stewart3258
12/2/2016
15:36
bb, Not yet, though what you suggest might offer some explanation. Perhaps when the cash is received and partly re-distributed to escrows, MRO and MacQ, we might get an RNS. Monday is Presidents Day in the US so I wouldn't expect anything until Tuesday at the earliest. Hopefully Closing was achieved by today. c
crosseyed
12/2/2016
14:43
Cross eyed did you ever get answer to your McQ query. Looking back at interims we only had £73k in cash at end Sept 15 so think McQ could have been financing us with cash whilst sale agreement was put together. This wouldn't be announced to market due to underlying reason and could account for the $1.2m difference in McQ liabilities between September interims and closing settlement figure?
blueblood
12/2/2016
14:04
Presses the Buy button (instead of the Sell button). Realises error somewhat later. Sells resulting in loss on dual transactions. = One Buy + One Sell. c
crosseyed
12/2/2016
13:54
Would that not require two sells of 14732 X?
scaleyman
12/2/2016
13:44
Perhaps someone simply reversing an error, ie meant to sell rather than buy?
crosseyed
12/2/2016
13:21
Could that ridiculous trade be some kind of code?
blakieboy7
12/2/2016
13:02
tarzan, because they don't like money? Thats a £63 loss not including buying/selling fees/
ozzmosiz
12/2/2016
12:59
Why would anyone buy 14732 at 6.6796 at 11:28 And then sell them 14732 at 6.2525 at 12:56 make little sense to me.
tarzanhey
12/2/2016
12:56
Anyone got view on whether the will have to announce amount of initial distribution and record date at same time or could they cut off on record date and set payment later?
blueblood
12/2/2016
12:22
Why do we never get level playing field and knocked back on few sells should be above 6.5p with this mornings buying.
blueblood
Chat Pages: 10831  10830  10829  10828  10827  10826  10825  10824  10823  10822  10821  10820  Older


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