Wentworth Share Discussion Threads

[cyman] 14/1/2013 17:19

ok after a lot of searching I think I may have found the cause of today's spike:



which after translation thru Google says something along these lines:

This may be one of the cheapest share
Investment Director Stig Myrseth move out of six buy recommendations. An investment cases can be transformed completely within a short time.

Article by: Stian Jacobsen (OBI Online - 1/14/13 1:05 p.m.)

   0
See stock ticker: WRL SNI

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In the latest weekly report from Dovre Administration tells us that investment director Stig Myrseth shuffle in the recommended portfolio. Wentworth Resources enters while Stolt-Nielsen is thrown.

- The first quarter is traditionally a good time for small caps, and we do this week in the oil and gas mosquitoes Wentworth Resources. Company sitting on huge gas resources in East Africa as well as significant exploration acreage, says Myrseth.

- Natural gas, however, has little value if you do not sell it. This has been a problem to date. A 512 km long Chinese-financed pipeline which is under construction, however, open for an imminent commercialization of Wentworth's resources, says Myrseth.

-Negotiations for deliveries to the pipeline starts 19 January, and the company gets in place a gas sales agreement, the investment case is transformed completely. Then the Wentworth poised to earn the current market value of one year, which would make the stock of one of the world's cheapest, quit Myrseth.

Dovre portfolio:

• Sparebank1 Northern Norway

• Algeta

• Sparebanken East

• Selvaag Living

• Hafslund A

• Wentworth Resources

[cyman] 14/1/2013 16:52

excellent research Steeple but IMO it does not explain today's rise. Volume was quite high for this company with a few half decent £25k trades. Seems someone knows something we don't know (now isn't that a surprise on the AIM?)

[cyman] 14/1/2013 12:45

no worries Funnytime - if this rise proves futile I will happily sell you my holding at 50p each

[funtimejonny] 14/1/2013 11:26

Hmm. I'm not invested here ATM, but I've had it on my watch list for ages, as I think it has potential. So I'm a bit cheesed off that I didn't buy last week in the light of todays mysterious rise in the share price :-(

[cyman] 14/1/2013 10:49

Funtimejonny: ok lets all pretend we didn't notice anything unusual and perhaps it will continue. huge volume pumping through the system today, we are barely 3 hours into the trading day and over 18,000 shares have changed hands. That's more than all of last year combined :-)

[funtimejonny] 14/1/2013 10:32

It looks like it is. But I can't understand why. No RNS issued and not massive volume today.

[cyman] 14/1/2013 09:25

is my platform working properly or is wrl rising?

[chrismez] 11/1/2013 22:34

Hmmm ... back on the rise again guys. Long may it continue.

[wbodger] 27/12/2012 16:59

Thanks, suspected so.

[steeplejack] 27/12/2012 16:47

Apologies read report online and on checking the FT article is from the 21st Dec and is not dissimilar to the Reuter's report.

[steeplejack] 27/12/2012 14:03

Article in today's FT regarding Anadarko/Eni

[wbodger] 21/12/2012 22:10

Credit to jergens on III Board for these two links about Anadarko's FEED submission for a LNG operation onshore Mozambique, and cooperation with Eni offshore.




Things are definitely starting to heat up.

[wbodger] 17/12/2012 19:35

I hope they don't overpay, I have RDS shares. I was glad to see them drop out of Cove. I figure the strategy is to leave the Thais up the creek without a paddle 'pour encourager les autres'. Unforgiving business, big oil.

[wbodger] 14/12/2012 22:18

Anadarko itself would be a more suitable mouthful for Shell, although once Shell get mentioned for a French company can Total be far behind? National honour etc.

(The Indians are always linked but they only ever want bargains, which is another reason why it looked made up. M & P aren't going to be a bargain. The Chinese are already building the pipeline so that one has some legs.)

Shell do have this massive FLNG investment which should be quite well suited to the fields offshore Mozambique, but I'm really out of my depth. (Big oil companies are totally inscrutable.) Some sort of Shell/Anadarko tie up would be my guess.

Anyone know why Oslo went up 4%?

[chrismez] 14/12/2012 16:20

Bodger - french not too bad (although its Canadian French (Quebecois) rather than Parisienne)

Basically it says new rumours are doing the rounds about Shell being interested in M&P; rumors which M&P deny. Funnily enough though it goes on to state that previously Sinopec and Indian Oil had been rumoured to be interested and nothing came of them. Finally it says the rumours are of Shell being interested at an entry point of 15 to 20 Euros.

Guess we'll see eh?

Truth is though that Shell are on the lookout for acquisitions in the area and have been for some time and its also well known that Anardarko is looking to JV or offload some of its impressive holdings. Just serves to keep everything on the boil I guess.

[wbodger] 13/12/2012 21:24

Or did he just avoid the market makers? I sometimes think shares that trade with wide spreads would be better off on e-Bay.

[cyman] 13/12/2012 18:25

today's after hours rns:

Robert McBean, Chairman of the Board, of Wentworth Resources Limited
("Wentworth") has agreed to acquire 250,000 shares from John Dragonetti, Senior
Vice President - International, of Wentworth, at a price of NOK 3.55 per share.
The transaction will take place on December 14, 2012.

After this transaction, Mr. McBean will hold 7,533,191 (9.13%) shares and
1,000,000 share options. Mr. Dragonetti will hold 1,696,576 (2.06%) shares and
250,000 share options.

ends..

did Rob buy these because he has total faith in the company going forward or because he didn't want to deal with the news that John is reducing his holding. I wonder? Will we open 40p up tomorrow morning? Somehow I doubt it but would welcome it if it happened.

[chrismez] 12/12/2012 23:41

Interesting that TLW is going for that other Norwegian outfit (Spring ?) after pulling out of AEX and SOLO. That together with Shell preparing to make bids and Anadarko looking perhaps to offload a portion of its holdings - all heating up nicely. This little tiddler could come good one day given that its sitting in shallow water close to the coast.

Funtime - wasnt aware of M&P being subject of a potential takeover - I like others find it quite hard to keep up with WRL and M&P - both seem to be completely under the radar.

[cyman] 11/12/2012 14:19

Thanks Chrismez

Little wobble in the right direction today. Perhaps due to:



Although I doubt anyone pays much attention to the Daily Mail, but given the fact that a tree had to die for the Mail to be printed, I thought I would share the article anyway.

Funny old bean is Wentworth. She really rocks on other people's bid rumours!

[wbodger] 10/12/2012 19:26

Solo is moving.

Edit: I'd better be more cautious. When a stock trades for under a ha'penny any sort of move looks dramatic. It appears to have been strong today following a slight upturn on Friday, and volume up a bit. Is that on the same news that caused a jump in October before it fell back?

Anyway Aminex/Solo are officially looking for farm-in partners for their Rovuma PSA so indications of interest would also be of interest to Wentworth.

[funtimejonny] 08/12/2012 13:22

Wasn't there a rumour going around that M&P were a take-over target (a couple of weeks old that story I think)?