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Heritage Oil Share Price - HOIL

Share Name Share Symbol Market Type Share ISIN Share Description
Heritage Oil LSE:HOIL London Ordinary Share JE00B2Q4TN56 ORD NPV
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 319.30 0.00 0.00 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Oil & Gas Producers 260.9 48.2 -88.2 - 887.42

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Date Time Title Posts
24/1/201516:16Heritage Oil - The upward movement has commenced!4,698
30/4/201412:46HERITAGE OIL44
30/4/201411:04HERITAGE OIL COMPANY19,267
27/1/201108:19*** Heritage ***7
07/5/201018:16Heritage Oil - Kurdistan PSA Only Thread82

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zebbo: The UBS statement sort of backs the story on HOIL share price UBS came up with a great opening line to its short note on Heritage Oil (LON:HOIL) on Friday morning as it claimed "markets move in mysterious ways". Quite so. But if your job is to demystify the random walk of share prices, then it's probably best to make a stab at an explanation. And actually, I'm being a little unfair as analyst Daniel Ekstein and the UBS oil team are at a loss to explain the 'counter intuitive' movement of Heritage's share price since and generally upbeat trading statement last month as are we all. It revealed that production in Nigeria had hit a record and that its local associate there could benefit from a significant reduction in tax rates. Putting its price target up 20p a share to 220p, and repeating its buy, UBS said: "Visibility on some potential 'quick wins' has added confidence to the near term production outlook."
buffythebuffoon: Yes, cheers for the heads up DD. Just had a quick scan, and will spend an hour going through it later. I've always thought of HOIL as being in the same category as GKP. 1)Both have a CEO that is considered by 'the City' as mavericks. 2)Both have ditched/sold an asset, to focus their resources on a much more promising one. 3)Both have had, and still have, a share price that seems to be out of kilter with the conservative value of their assets. Now I know that oilies in general, and AIM oilies in particular, are on their knees; but these two are not exactly potless, and without income producing assets. OK, we know the low share price can be ascribed in part to the City's view of the CEOs. In GKP's case, another reason is the 'political situation' between Kurdistani Iraq (or Kurdistan if you prefer) and Baghdad. In HOIL's case 'it's Nigeria and oil theft'. As recently as yesterday there was an article quoting Shell's problems with this in Nigeria. I've always thought that Heritage, and it's 'less than revered in the City' CEO would do a better job of social integration with the Nigerians than the multinational Shell. As DD points out, we don't appear to have seen this (oil theft) during our tenure so far. Maybe one day, the Libya-Malta border dispute will be fully resolved, and we'll all be getting excited about our assets there. In short, I see HOIL as a sleeper that will suddenly awaken, and the share price will fly. One day, when the share price is £30, we'll be able to tell our grandchildren how we bought the company for £1.20. God willing, I'll still be compos mentis when the chance comes to proudly announce it. :^} Buffy
bobsidian: The chart of HOIL makes for interesting viewing. A superb play ranked properly in my view along with the likes of BP. and RDSB. Now trading at around 7 times forward earnings. Noticeable at how both BP. and RDSB have been sitting at the peak of their respective multi year ranges from which they have been repeatedly repelled. Simultaneously HOIL was sitting at a peak. It was a pleasant surprise to see HOIL make such a decisive break up through that technical ceiling. Under normal circumstances it would have been reasonable to expect the share price to be driven back down to test the point of breach up through resistance and by so doing correct the technically overbought state of HOIL. But these do not seem to be normal circumstances. A re-rating of HOIL looks underway. Based on forecast earnings growth a re-rated share price for HOIL of around £5.50 seems reasonable.
cfro: I have been buying in today for the first time. The investment case here is strong imo. OK there are clear risks involved when it comes to operating in Nigeria but that is more than factured in to the share price which currently trades on a forward pe of less than 5. No reason why they should not now ramp up the activities and even if the profit estimates are anywhere near hit, we should see a big re-rating in the share price imo. From a charting perspective, the shares appear to now be in a nice uptrend having broken clearly out of a trading and consolidation range. The title of this bb is "-The upward movement has commenced!" and that is exactly why i have now bought in to the HOIL story. :0)
corrientes: If HOIL doesn't get 90%, do the shares remain quoted and so do the remaining holders benefit from an increased share price as the scoundrels pocket most of the loot ?
spacetomato: Oh well. You sold you can forget it. I haven't. "We have been shafted", no, you have been shafted. At the moment my share price has been frozen and I can sell it if I want or wait a few months and get the low price it has been offered or maybe a possible better offer as a competitor may see the potential and we may also hear from the courts and the big holders. So, I guess then I may be shafted. We will see. My vote is NOPE to the deal. St.
scrambled eggmann: In the short term and with the lower than expected cash as at March 31st it may be the best deal in terms of share price - hence why they Directors have recommended it. I think after today the share would be a lot lower without the support of the takeover offer.
nigelpm: Always the risk here with TB having such a large shareholding. I've flagged this a number of times. Clearly they were thinking about it when share price was £1.40 so in some ways minority shareholders might be grateful that they are paying well over double that but still exceptional value for them at £3.20.
scrambled eggmann: It's a purely rigged deal where the main beneficiaries are the Directors. The Instis were probably given the nod some time ago hence the share price rise. The takeover is for 280 pence and if they win anything in the court cases of find a billion barrels in Tanzania only TB and the Qatari will gain. As someone said it has effectively been privatised!
scrambled eggmann: Buyers at 312 pence are as good as guaranteed a 2.5% return in a short time! Almost like a divi for them as there is almost no uncertainlty that the takeover will complete. I bet the share price is 319 pence in a few days!

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