Share Name Share Symbol Market Type Share ISIN Share Description
Faroe Petroleum LSE:FPM London Ordinary Share GB0033032904 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -1.01% 98.00p 97.50p 98.25p 98.25p 96.75p 98.25p 183,855 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 94.8 -61.5 -10.5 - 359.31

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Date Time Title Posts
20/11/201708:14FAROE PETROLEUM - Oil and Gas E&P in Norway, UK and Ireland530
15/6/201715:51FAROE PETROLEUM - Big Exploration Acreage - Big upside?8,087
19/2/201510:51L2 - Observations, comments and screenshots1
08/9/201410:17,2
15/8/201407:49BUY in Faroe Petroleum(FPM)1

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Faroe Petroleum (FPM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:01:1198.02638625.37O
16:55:0897.8910097.89O
16:52:3697.572,5002,439.33O
16:35:0998.00786770.28UT
16:29:5598.001,3811,353.38AT
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Faroe Petroleum (FPM) Top Chat Posts

DateSubject
20/11/2017
08:20
Faroe Petroleum Daily Update: Faroe Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker FPM. The last closing price for Faroe Petroleum was 99p.
Faroe Petroleum has a 4 week average price of 94.50p and a 12 week average price of 82p.
The 1 year high share price is 115p while the 1 year low share price is currently 70.50p.
There are currently 366,642,990 shares in issue and the average daily traded volume is 1,044,773 shares. The market capitalisation of Faroe Petroleum is £359,310,130.20.
12/11/2017
16:58
rogerlin: Also mentioned by Simon Thompson in Investor's Chronicle "Importantly the fundamentals driving the oil price higher are sound and should support further share price gains towards my 115p target price, and perhaps beyond".
11/11/2017
14:27
ed 123: The rns didn't mention convertible; it said, a senior unsecured bond. Also, if a convertible had been on the way it's likely the share price would have fallen. In fact the shares went up 1p on Friday, on a normal volume.
26/9/2017
18:24
rogerlin: thedudie thanks for the link to the website results presentation. I like the slide 19 where the financial items have a short explanation beside each, helpful I find. Also a slide for the share price, nice to see some interest shown in this as while the company has progressed well in recent years, the share price sadly hasn't.
25/9/2017
15:28
harry rags: Brent now $58 and no change in the share price, let's hope the interims come up with something good tomorrow to get the share price on the move
29/7/2017
11:00
fardels bear: Do you think that annuity rates will recover, Ed? I have four and a half years before I want to cash in my chips (yes, I came late to this) and I need 50% growth of currently invested funds in that time. Well, want more than need. I live on the rest of my cash assets meantime, which will last until chips day and probably beyond. If markets were normal I'd go all in and use profits to live on, but in this market there's always a sting in the tail... Been reading about fixed interest bonds which pay up to 8% but these asset backed schemes still risk your capital and you are effectively lending your money to people you have never heard of rather than large blue chips that you have.. SQZ and FPM look as safe as you can get to me while still offering potential for good growth, but we saw what happened when POO crashed and of course these shares pay no div... There's always the oil majors but these sacrifice share price growth to prop up their dividends year after year.. I could rob a bank I suppose.. ;)
22/7/2017
14:20
ed 123: Hashertu. I don't know anything about any possible placing. I'm just 'scratching my head' to explain the drop in the share price. When the share price has recently touched a high of about 110p, why would they issue more shares at 70p? It would be giving away some of the value held by existing share holders. I hope it's not something they're considering. It would be wrong, imv. But, if the Board have been taking soundings, it could be behind the drop. Do you have any explanation for what's behind the selling down to 75p? (Edit: Looked back at my previous post and made a tweak to the sentence you quoted. I think it reads better now. Also, I should make clear that I'm not in a position to know anything and, even if I did, I certainly wouldn't write about it. Nope, I'm just trying to work out what's going on. In the fullness of time, I guess there'll be rns statements. Hope that makes my position clearer.) :-)
18/7/2017
10:53
ed 123: Ta, Bountyhunter. :-) Yasrub. I would watch the share price movement, especially if supported by good volume. Total number of shares reported as sells is not something I focus on. There is always a counter party to a sell, ....... someone buys every share that's sold. In the absence of news, Faroe's share price is responding to movements in the oil price. Website has been updated to show FIL's 5.14%. A second appraisal of Brasse is a possibility for Autumn this year. A thorough appraisal (including testing) leads me to think that Faroe may sell part of its interest. That would reduce its development burden. I don't expect that till 2018, when hopefully the oil market is showing signs of tightening and the future curve is looking a little better. Goanna is a committed well (for Q4 2017). That was quick. Licence was only awarded in January 2017. Anyone know the size of the target? Back to the share performance today, quiet 78.0/78.5p.
07/7/2017
14:04
yasrub: Hi Ed I recently took an initial position in FPM after the Brasse DST. I found your above comments about Delek interesting and whilst I know Delek acquired Ithaca I have not followed closely enough to know how aggressive they were in achieving ie. POO price at the time. The potential take out prices all seem rightly potentially achievable and relevant but I wonder whether some are holding and in someways holding the FPM price up waiting for Delek's next move. Delek have just over 15% so their next move if they make one will be telling - but I suspect to buy any size within the market might be problematic so perhaps they will approach a holding institution ? My interest in FPM was trying to get the timing of buying correct (which has not been too clever at the moment !) as primarily the balance of explo/production is appealing to me - Delek would be an added bonus, but not entirely convinced it will beneficial if they make a move in the short term with current sentiment.
16/6/2017
07:25
rogerlin: IAE price had risen a long way already prior to the Delek bid, partly because of the Delek stake, FPM price has not done much lately and also FPM not over-borrowed, and so hopefully in a better position, but we are certainly at risk starting from here.
03/2/2017
21:22
gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
Faroe Petroleum share price data is direct from the London Stock Exchange
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