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BEH Bayfield

13.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bayfield LSE:BEH London Ordinary Share GB00B3N3KL75 ORD USD0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 13.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 13.00 GBX

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Bayfield (BEH) Discussions and Chat

Bayfield Forums and Chat

Date Time Title Posts
15/2/201311:48[BEH] - BAYFIELD ENERGY - Ex-Burren management1,271
18/7/201110:38[BEH] - BAYFIELD ENERGY - Ex-Burren managment1

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Bayfield (BEH) Top Chat Posts

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Posted at 25/1/2013 23:55 by ultrapunch
GOO had a big placing with shares priced at 0.75p. They re-listed yesterday and closed around 1.50p, twice the placing price. Today GOO closed around 1.90p, having risen to over 2p intraday.

I think that the BEH share price will close above 12p on monday. How much higher is sheer guesswork.

I make it 264m "Trinity" shares merged in along with the original 216m BEH shares. Total 480m. Dividing that by 10 gives 48m NEW shares after consolidation. There are 47.5m NEW shares being issued in the placing. That gives a grand total of 95.5m NEW shares.

If the current 2P, which is producing, is valued by the Mkt at £5 per bbl in the ground (perfectly reasonable because of 4000bopd production) that would give a target Mkt Cap of £156m. Dividing that by 95.5m NEW shares (post consolidation) gives a target share price of 165p. Or 16.5p when it re-lists on monday pre consilidation. Add in a bit for the exploration potential and future production targets and it could go higher on monday when it re-lists.
Posted at 03/10/2012 15:27 by ultrapunch
The upper BB for BEH is currently 35p and dropping. It's not impossible that the BEH share price could get over 30p again within the next few days. Unlikely, IMO, but it definitely would if a bid came along!!!! The 8.5 forms keep coming. Somebody must be doing due diligence on BEH otherwise if they hadn't received any interest then surely the 8.5 forms would have been stopped by now?

Even without a bid I reckon a bounce in the BEH share price is due. How high that bounce would be without a bid, or some other corporate action, who knows?

I think BEH is one to hold onto. I've an idea that any bid would be over 35p. Pronbably well over. I've an idea one can't be far off otherwise the 8.5 forms wouldn't keep coming.

EDIT: euclid. Personally I don't believe that the BEH share price will drop back below todays intraday low. Why? Well I think the situation has improved overall since the BEH share price was circa 15p around 3 weeks ago. Ok the current net production is a bit less than anticipated at the end of September, but that is more than compensated for by a circa 35% increase in the price they are receiving for their oil, IMO. Also a persistent seller (Hatcher, a previous employee with circa 7m shares) who depressed the share price for months whilst the daily volume was low has presumably departed.
Posted at 01/10/2012 21:27 by ultrapunch
"Prospects and outlook

-- Five development wells are expected to be completed in the Trintes field during the fourth quarter targeting net production in excess of 1,950 bopd (gross 3,000 bopd) by the end of the year.

-- The Company is evaluating a range of financing and strategic alternatives. Cost control and working capital optimization remain priorities.

Executive Chairman, Finian O'Sullivan, commented:

"Stabilised gross production in excess of 2,000 bopd and substantially better pricing for our oil provides improved cash flow and a solid foundation from which to fund growth potential and follow through on previously announced strategic initiatives. ""


Mojomonkey, why do BEH need another Gorilla 111 rig well this year to generate any excitement for the BEH sp? Believe me 5 development wells on the Trintes field before the year end and a likely funding solution as well is surely enough news to go on in the remaining 3 months of the year. How much excitement do you want?! I guarantee one thing. The BEH share price wont drift aimlessly during the next 3 months!! There is an awful lot going to be happening to BEH over the next 3 months even without another Galeota exploration well.

The Exec Chairman's statement seems quite bullish, but there will remain a question mark over the company until they sort out the future liability problem by raising some cash and pronto.

EDIT. I think the reaction of investors to the results has been irrational, but let's be fair the "going concern" comment didn't exactly help investors nerves though basically the same comment was made back in the summer. Nothing has changed on that front. They need to raise cash to carry on with their development program otherwise O'Sullivan will never get a good price for the company when he comes to sell it.
Posted at 27/9/2012 14:53 by ultrapunch
This link might help you visualise the pennant formation in the recent BEH chart, Mojomonkey.



"Flags and pennants can be categorized as continuation patterns. They usually represent only brief pauses in a dynamic market. They are typically seen right after a big, quick move. The market then usually takes off again in the same direction. Research has shown that these patterns are some of the most reliable continuation patterns.

Bullish flags are characterized by lower tops and lower bottoms, with the pattern slanting against the trend. But unlike wedges, their trendlines run parallel.

Bearish flags are comprised of higher tops and higher bottoms. "Bear" flags also have a tendency to slope against the trend. Their trendlines run parallel as well.

Pennants look very much like symmetrical triangles. But pennants are typically smaller in size (volatility) and duration.

(Volume generally contracts during the pause with an increase on the breakout.)"

There are some actual stock and commodity chart examples contained in that link, Mojomonkey, but unfortunately they are all of flag formations.

You will probably be able to see it if I can post a couple of charts this evening. The flag pole is the height of the recent spike up from circa 15-17p to the high of over 30p. The pennant is the small symmetrical triangle that has formed over the last couple of weeks or so at the top of the flag pole. You'll probably be able to see it better using the candlestick chart.

What does it all mean? Well you have had the spike up (flag pole) on very large volume. Now the share price is going sideways in a symmetrical triangle pattern. The lows are getting higher and the highs are getting lower thus forming the symmetrical triangle pattern. The share price is effectively going sideways, on low volume, towards the apex of the symmetrical triangle. Basically the BEH share price is meandering gently sideways on low volume as investors await the interim results. If investors like them and the update it will contain, the share price will rise, probably to 40p+. If not the share price will drop!!

It's a reliable pattern. Probably if you examined 100 charts after such patterns have formed 70 of those charts will show rises and 30 will show falls after the pattern has formed. Nothing is guaranteed when it comes to charts!!

EDIT. I was going to de-risk by selling a chunk of my BEH today, but instead have decided not to. I'll take my chances because of the chart.
Posted at 21/9/2012 15:41 by ultrapunch
That's your opinion, the_beagle and you are, of course, perfectly entitled to it. Personally I'm always wary of conspiracy theories. Of course the internet is awash with them these days. According to some people every action taken in the world these days is part of a giant conspiracy, usually involving the CIA and the Jews!! lol.

For what it's worth a bullish candlestick pattern for BEH has developed today. With the results due next week I see a strong recovery in the share price on monday even if an RNS is not issued. Of course we could get an RNS monday!!

EDIT. I've got no evidence that the CIA, or the Jews for that matter, are selling small amounts to hold back the BEH share price in order to make a spread bet killing next week!! lol.
Posted at 21/9/2012 13:19 by ultrapunch
the_beagle. Who are these "powers that be"?!

Look we doubled in a couple of weeks on some big buying. That has dried up. The buyers have finished their short buying spree. You are bound to get some profit taking after such a big rise. You will also have some buyers as well, but at the moment the small sellers are outnumbering the small buyers. There is no great conspiracy by the "powers that be" to hold down the share price

BEH was very undervalued a few weeks ago. A big seller by the name of Hatcher was helping to keep the share price depressed. Once that cleared the big buys came in driving up the share price in the knowledge that news was due soon (the interims) and the 8.5 forms kept coming. The share price is now consolidating ahead of news next week as we will undoubtably get the interims next week. They are already pretty late compared with almost all companies whose half year ends on the 30th June.

Which way the share price goes from here depends on the news issued with the interims. Good news and it will probably rise, any unexpectedly bad news and it will probably go down. I think the big buying (or selling) will take place on the day the interims RNS is issued. It should include an update on any offers received and whether discussions are ongoing.

I think the buying last week was driven by the fact that BEH was very undervalued, good news was expected soon and the Hatcher overhang was clearing. That buying will only start again after the next news if investors like it. At the moment BEH is probably still undervalued in the absence of a bid. However currently it is nowhere near as undervalued as it was 2 weeks ago.
Posted at 20/9/2012 22:06 by ultrapunch
Well PJ1 the BEH half year ended on 30th June. It's standard practice for companies with their half year ending 30th June to issue their interim figures before the end of September. 3 months is a long enough time it which to get out your half year figures. In fact I should say that BEH were late with their figures last year. They seem to be rather late this year as well!! Have a look at other companies with a half year ending 30th June. You will find they have already issued their figures by now. The BEH interim figures will definitely be issued within the next 6 trading days.

Mojomonkey, the BEH share price closed just below the upper Bollinger Band today. Not particularly worried since the volume today was very low. I expect the BEH share price to continue it's rise.
Posted at 14/9/2012 09:22 by ultrapunch
I agree Hatcher has helped keep the price depressed by his selling of 7m shares over the last 9 weeks or so since he started selling, Mojomonkey, but the share price was already around 15p when he started selling. For the BEH share price to double in less than 2 weeks on NO news cant be solely due to Hatcher finishing his selling. There is something big going on behind the scenes and someone has got wind of it, IMO. I'm expecting a takeover bid since the forms 8.5 keep being issued. I reckon the BoD wont accept less than 60p.
Posted at 14/9/2012 08:45 by ultrapunch
Or the MM's the_beagle. Probably because a lot of BEH trades are AT trades the O trades prices to buy often seem too high.

Nice chart horneblower. I particularly like the way the BEH share price is staying outside of the Bollinger Bands and above the upper band. Very bullish, IMO. Reminds me of MTA back in April where the share price tripled before peaking within a couple of weeks.

I have a feeling the BEH share price is going to end up somewhere between the resistance levels drawn on your chart at circa 46-72p, horneblower, within the next few weeks.

I noticed a 235k trade at 29.25p reported very late after Mkt close yesterday (5.38pm), That could have been a sell and it could have been Hatchers final lot. I hope so!! At least then he would have got a more decent price at the end.

Thanks for that list divinausa1. I'm already in PTR. I have great hopes.
Posted at 10/9/2012 18:03 by ultrapunch
Well the share price has definitely broken out of very tight BB's. On very good volume to. Since it's risen on no news (no RNS issued) there is always the distinct possibility the share price will pull back if no news is issued in the next 2 or 3 days. However I think it will probably continue it's rise tomorrow bearing in mind it closed at it's high for the day.

Interim results are due at the end of the month (30th Sept last year) and if we don't hear anything in the meantime we will, no doubt, hear something on the financing/bid front in the statement that accompanies the results. I confidently expect the BEH share price to be at a higher level than todays close by the time of the interim results.

On the aspect of target sp's, Mojomonkey, the company is surely worth more to a bidder than the current Mkt Cap, which completely undervalues the company. I'm sure if there is an offer then O'Sullivan ansd Pannikov will turn it down if it doesn't match up to their price expectations.

Pannikov bought 675k at 50.65p back on the 11/10/11, after O'Sullivan bought 444k at 46.36p on the 6/10/11. I can't believe they didn't know of the problems with Alpha platform and that they would miss their production targets by then. They are experienced oil men. They bought big at 46.36p and 50.65p knowing they were going to miss their production targets. They must have thought the shares were cheap!! I can't believe they would sell their shares for less than 50p if a bid was made. In fact I can't see them accepting less than 60p.
Bayfield share price data is direct from the London Stock Exchange

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