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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Faroe Petrol. | FPM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 160.40 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 160.40 |
| Top Posts |
|---|
Posted at 15/1/2019 13:55 by reseng Ed 123 ; There are opportunities in E & PSector. I bought a whole bunch of DNO in Dec at av 12,5 as I knew DNO would succeed. The ceo is a New yorker and has good track record . It could not have been a pure coincidence that offer came out when .He Building up Apache using some M&A about 15 yrs ago, also established his company RAK as largest shareholder in DNO in a similar forceful manner. Although DNO has most of production in KRG Iraq where there are complicate regional politics(understatem Regarding the FPM top management starting up again and investor support. I have seen this a few times with the smaller Indies and it has gone well. The good FPM track record will definately attract investors, particularly institutional. Success will also attract m&A Which is not a bad condition to live with !! Good luck with that and lets see oil up in the 70’s and more drilling activity in North Sea |
Posted at 10/1/2019 21:18 by jskabo FPM vs. FTSE 350 O&G producers index - 3 yearsFPM -- +205% NMX0530 -- +73% |
Posted at 08/1/2019 23:11 by bomfin Bid was made before Equinor asset swap which is worth 96 million accelerated cashflow in the next 2 years. That should have merited an increase of 2Opshare on the offer and not a mean and nasty 8pshare. Not only is it cash flow enhancing which will likely see FPM establish a dividend it cuts caped in the next 3 years also. If dno get fpm for 16Oshare it is good business. I guess you cant blame them. You are awful but I like you. lol |
Posted at 08/1/2019 22:47 by redartbmud ExBYou are right. I have held my Fpm shares for so long that I had not thought of them being listed on AIM. I am sure that the arbs will run a model to calculate the cost of capital tied up in the deal until the bid finally concludes and they receive the payout. After all, there are plenty of opportunities out there that are attractive enough to create a new play, so why wait. It will be very interesting to see where the dust settles first thing tomorrow. A few forms must have been filed after close of play. Afraid that, sadly, it does look to be the end for Fpm as an independent. Were I in their shoes, I might be disappointed by the performance of the sdvisers. Can they really justify full value for their fees? Off to bed, so that I can get up to see the RNS issued at 7.00 am. |
Posted at 08/1/2019 10:03 by bomfin Did Dno announcement today mention that Oda starting up early potentially gives fpm 1O million pounds additional cash flow in 1st half 2O19. When and if the Equinor asset swap deal closes fpm shall be swimming in cash. I expect fpm to announce a dividend. |
Posted at 07/1/2019 20:55 by oto1 BountyhunterThat's easy: I own DNO shares. Which again means that I hope DNO get control over Faroe and diversify the geopolitical risk DNO has. However, it should not happen at a too high price, and I'm a bit worried that may happen. Faroe at 152p is way more expensive than DNO at NOK 14,50, so this is dilutive on reserves, cash flow and all other parameters You can think of. Except for the one mentioned above. I only hope that the market will value this higher than I do, but to he frank I would prefer that DNO spent the gbp 600 mill or whatever the end will be on paying out the debt, buy own shares or dividend. If DNO spent the money on debt instead it would reduce the annual interest payments from usd 50 mill to 0, and they could raise the annual dividend to usd 100 mill instead. On the other hand it would be nice to get a yearly cash flow from NCS, financing the NCS / UK portfolio already in DNO. But if oil price drops to 40'ish this buy will be a disaster. |
Posted at 29/12/2018 11:27 by hopeful holder RE, in this time of uncertainty, FPM have a plan and are steadily delivering on that plan. Buy low sell high is easy to say and harder to do of course.My view of FPM is that the price will go down if the bid does not go through but will surpass that quite easily in the coming months.Holding shares that are winners provide better reward and IMHO FPM are a decent well run outfit with very decent prospects going forwards, why else would DNO be interested... |
Posted at 26/12/2018 00:01 by bomfin If you have listened to the question and answers from the equinor deal webcast you will hear one analyst asking about a cash return to shareholders related to accelerated cashflow. 96 million pounds accelerated cash flow over 2 years claimed. I thought to myself where did this guy get this idea from with Brasse development pending but he wasnt completely knocked back. The answer was that they will not be making a one off payment but will be looking into providing an annual dividend. Watch that space imho. Now, Ula Hub is a core area for FPM and Blane is produced over it also. We have a share of Ula. When Oda comes online shortly. Just month away our initial share is said to be 525O barrels oil per day. Very low cost production. A few dollarsarrel imho. |
Posted at 30/11/2018 19:21 by robs12 Remember how Graham Stewart (FPM CEO) used to be CFO of Dana, recruited by and working for Tom Cross...Dana taken over at well below what they thought it was worth.And Tom Cross is now CEO and major shareholder at PMG, who have held ~1.1% of FPM shares for some years (why?). They appear to be good mates.. And FPM relinquished their stake in GPA area (Perth & Dolphin) and PMG picked it up in February to give PMG 100%. FPM wrote down $6.4m for that. And "GPA is one of the largest undeveloped oil projects in the North Sea" (according to PMG), and they are in commercial discussions with Nexen to use Scott as a tieback to produce with "1st hydrocarbons currently planned for late 2021" (according to PMG on OGA website). Unrisked GPA value £372m (according to Panmure Gordon). And PMG mkt cap is £56m with approx £24m cash and £6m FPM shares, so just £26m for GPA (and more). So if a FPM merger or takeover is needed to fend off DNO, and a GPA development deal is closer than we think.... Just sayin'... ;-) I hold both. |
Posted at 17/8/2018 16:43 by linhur Agree with Malcy. DNO trying to takeover FPM on the cheap.With Delek and then DNO taking their stake, it has woken up FPM board and focused the exploration effort to increase production. I hope FPM have not mortgaged their large cash holding in the effort to drill more quickly. Surprised DNO have paid a dividend in the current circumstances. Perhaps they will want to pay a larger part of any offer in shares. As Malcy says time to stand up and vote for FPM independence. Linhur |
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