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Empyrean Share Price - EME

Share Name Share Symbol Market Type Share ISIN Share Description
Empyrean LSE:EME London Ordinary Share GB00B09G2351 ORD 0.2P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 5.75 5.50 6.00 5.75 5.75 5.75 550,265 07:50:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Oil & Gas Producers 16.0 5.1 2.3 2.5 12.76

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enamel: Certainly it is reasonable to suppose that the price of crude oil will affect the EME share price. The higher the price of oil the greater the profit that EME should make especially when coupled with higher productivity and lower costs. However, there are other significant influences besides the cost of oil that have affected the share price. To avoid creating a heated discussion I will refrain from stating what these other influences are. Instead I will merely point out, as an example, that between 2011-2014 the price of crude oil was above $100 a barrel while the EME share price flat lined at a price comparable to the 2015 price. The recent rise of the EME share price in mid 2014 to c. 20p was I believe based on the Strategic Review and the increased hope of a take over.
10owen: Nick last week you said you expected the eme share price to go up and it went down and today you said you thought the selling had stopped only for it to start again as soon as you had finished typing.We all need you to say in big bold letters that the eme share price is going down.It has to be worth giving it a try.If it works then we really do know what the share price is linked to. Go for it.
tadtech: Entities are 'working' this bulletin board for their own interest. It is clear as crystal. Not your usual de-rampers either but folks with historic posting history. Extremely disappointing! In an illiquid and rarely followed stock like EME bulletin board sentiment can effect the underlying share price make no mistake. Put off a few new prospective buyers, de-stabilise a few weak holders and the obvious happens, down she goes. I have noticed as soon as the EME share price starts to rise out 'they' come. It happened when the share price passed 9p in May and it has/is happening again after the share price looked like rising through 8p after the recent reserve upgrade. It is obvious who they are but they offer no remorse to the likes of Stewart3258 who has owned up tonight to EME related tax losses of £130k. Shame on them I say, they know who they are! In the meantime EME remains one of the best shale plays on AIM. The recent reserve upgrade says it all, revised broker target of 20p. A slam dunk buy IMO.
enamel: The EME shareholders base is strong and has held long term knowing that the share price is cheap. Obviously,investors are looking for a higher share price to enable them to exit at a profit. Many consider that this is most likely to happen as a result of a take over. However, a timely move by EME to take over another oil company wanting to release their shale assets are or are in need of a merger to assist with funding would put a rocket under the EME share price
enamel: There is no doubt that this is one of the best threads on Advfn with a variety of views. I try to read the many informative comments. The minor daily gyrations are best ignored. The price of oil is obviously important to the future of EME and to the world economy. But IMO it is not wholly responsible for the present malaise with the EME share price which has hovered around 6p for much of the life of the company. When assessed against normal criteria the share price has been historically too low relative to its growing assets, profits and prospects. The market is aware of this but it has decided that a low share price is appropriate. Unfortunately the BOD has not changed the situation by the adoption of measures to develop and promote EME as a fast growing company with an exciting future. Good timing and high motivation are also essential. These attributes are not obvious to me. All in my own opinion.
tadtech: I asked this question before and it was not answered so I ask again. Can anyone confirm how accurate Xi's historic projections were to EME's actual numbers. Perhaps he can answer himself. Let us base it on years 12/13 and 13/14 where EME's actual EPS were .83p and 1.48p. What were his final projections at the time for those years? IF he is correct with his forecast of current EPS of 1.76p and forward 2015/16 of 2.46p it makes EME a stonking buy at current levels. Funny how certain entities come out of the woodwork when the EME share price is rising. Ignore!
nickb: Yet you also sow many seeds of doubt. Lgo holders might need to sell us to pay for losses. Baytex dropping, mro at lows etc etc etc. Fitzy Other shares like LGO do have an affect, many here are in LGO, others may choose LGO over EME to buy. MRO and Baytex hitting lows is relevant, they are our partners. EME share price has to be seen in context of what's happening around us. There is no doubt EME is undervalued we have just had a major upgrade and the broker now says 20p Some of you guys need to have more CONFIDENCE in this investment
nickb: Did you know that EME share price is 10x higher than CAZA
the guardian: Nick, if history is anything to go by, there will be a significant lag between the rise in the price of oil and the recovery of not just the EME share price, but that of all oilers. Like you, I hope that something gives soon - preferably without it having to be down to terrorism or war in the Middle East.
bam_bam_matt: Anyone of the opinion this might actually get worse before it gets better? Where that leave a the EME share price...who knows? What I do know was that 3p was a definite low that held back in the day. It's seems ridiculous to think it could ever be that low again. Bottom line I really don't think this could go that much lower. Not that it is much comfort for us.

Empyrean Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 2 5.85 25 Nov 2015 13:20:38 GBX

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