We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Encore Oil | LSE:EO. | London | Ordinary Share | GB00B06KL332 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 69.75 | 0.00 | 01:00:00 |
| 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 | 69.75 | GBX |
Encore Oil (EO.) Share Charts1 Year Encore Oil Chart |
|
1 Month Encore Oil Chart |
Intraday Encore Oil Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/10/2012 | 13:25 | EnCore Oil .. | 43,626 |
| 06/10/2011 | 07:26 | *** Encore *** | 1 |
| 05/10/2011 | 10:01 | ENCORE OIL CHARTS ONLY | 169 |
| 09/4/2011 | 19:42 | ENCORE OIL | 18 |
| 09/12/2010 | 07:13 | Choc's away ! Is she about to sail???? Looks good ! | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 11/10/2012 13:25 by robochubby FRAUD WARNING.A relative of mine holding PMO shares through the EO. takeover was contacted by a company called Carlton Capital Inc, claiming they held 48% of PMO shares and poised for a takeover. They then sent through paperwork and a weblink that looks very authentic, with false forms to transfer share certificates. Just be warned this is a scam, if they contact you hang-up. |
Posted at 12/1/2012 12:50 by dorsetlad I have enjoyed the EO. ride and reading this BB immensely since my entry March 2009. I am a novice having only started my SIPP in 2008, but I have learned a lot on this thread (good & bad). Catcher is a great asset to have and 93% EO. shareholder think so also taking PMO paper. It has done my SIPP a world of good and I am encouraged to continue with AIM explorers. All you regulars that post such high quality info. - thanks.What PMO BB are you moving too, there are so many to choose from or will a new one kick-off for ex EO. shareholders? |
Posted at 10/1/2012 12:10 by alexx I was surprised yesterday that the EO. price remained so far above 70p so close to the deadline of acquiring PMO shares. For the average punter it was already too late to apply for PMO so he would surely sell at 80p. Today it's happening. No more people left trying to buy EO. to get into PMO on the cheap.PMO equivalent to 82p on EO. as I write this. , |
Posted at 09/1/2012 10:09 by cashandcard With EO. shares taken from some accounts already, the pool of shares from which late entrants can buy into EO. (for the PMO deal) becomes ever smaller. Those still holding EO. will be able to sell at a very good price - EO. is a sellers market.Cash |
Posted at 20/12/2011 16:29 by captainnelsonforties It just goes to show how closely linked we are to PMO now, TR result comes out and EO is up on the day!Cash, You cannot possibly be serious to say that AEY doesnt have the upside of EO. Have you considered that in 18 months time (not long in this business) AEY will have annual cash flow of around $300m pa. Canadian companies trade at a conservative x3-5 cash flow and one Canadian broker put at target of $8.00/share on AEY when Fyne production kicks in. That's just about x8 the current share price. I'm sure you also realise if AEY goes sole risk and hits oil in Carra they could have a possibly higher P2 than IAE! they're sure as heck catchin up with them since Erne came in. Not to mention that Repsol discovered what is thought to be 900m of shale oil close to AEY's argie shale licence. The only way EO had x8 upside was by getting an excellent result from sole risk on Coaster and bringing some of these through to production, not selling reserves at $8-10/bbl. PMO will get the benefits from these developments now though. Captain Nelson Forties |
Posted at 08/12/2011 11:56 by rhubarbe Would I be right in thinking that if TR comes in a failure that EO.'s downside is very limited due to the share price being tied to that of PMO - and PMO share price doesn't have so much downside exposure to TR results due to the size of PMO? |
Posted at 06/12/2011 17:10 by marben100 geordy,I'd be very surprised if AB had been offered a "side deal" as you suggest. Don't think he's interested in working for anyone except himself, based on the last conversation I had with him on the topic - but I'm going along next week to ask him. I also have a couple of other questions... Personally, I think lanaken hits the nail on the head: "The PMO team have played a blinder. AB and his crew had a stinker in not getting XEO away and at the same time running too low on cash." I also suspect that once PMO and EO. had agreed a price, PMO insisted on the deal being done via a SoA. I have little doubt that AB felt he was acting in everyone's best interests by accepting, when the share price was in the low 40p's, and cash raising or farming-out prospects were poor. I'm also sure he explored all realistic alternatives. He always said he didn't want to dilute shareholders by issuing shares. XEO was the only way to avoid doing that but yet to retain an interest in explo upside. Osborne is not on my Xmas card list (it was his surprise announcement of a tax-raid that scuppered the XEO float, for those that may not remember). As well as my questions, I will be thanking Alan for making me a very tidy sum, by running a tight ship post-Breagh, risking little cash but exposing me to what turned out to be a fantastic reward. Lanaken/CNF, I'm being a little lazy here (as I no longer have a significant EO. holding), but do you have a range of unrisked per share valuations for Encore's interest in Tudor Rose? Cheers, Mark |
Posted at 18/11/2011 22:45 by red rook ONE PI's OPINION ON THE PMO BIDReading the posts on various BBs over the last month there seems to be a general consensus that this PMO bid is a done deal. Having been through one takeover bid, namely that of Regal Petroleum (RPT) earlier this year, I can attest to the fact that takeovers are rarely a done deal. There can be many twists and turns before a final outcome is arrived at. IMO, there is still a possibility that a second bidder may throw their hat in the ring. At least we would get a competitive bidding process going. Something which seems to have been stifled somewhat, referring to the deal between PMO and TAQA. However, a counter bid is not necessary for PMO to be made to sweeten the pot. I would be surprised if PMO achieve the necessary 75% vote required for takeover on the first round of voting. I suspect that, as with the RPT case, the Institutional Investors will have been building up their positions to block an outright win, certainly on the first ballot. They will want to maximize their returns and have no allegiance to PMO. IMO, PMO will have to come back with an improved offer. Again, it is quite possible that they will fail to achieve the 75% mark even on the second ballot, and will have to improve their offer again. I will be voting NO on the first ballot and I hope that enough PIs do the same that PMO have to come back with a revised offer. Some have questioned if PMO will walk away from Encore. IMO, I doubt it. They want Encore's North Sea assets. It is strategically too important to their North Sea presence. I suspect that the Institutions currently building up their assets appreciate this. As with the RPT case, I would not be surprised if having failed to takeover Encore outright, PMO settle for becoming the major shareholder in Encore. This would be my preferred scenario. If for example they manage to acquire around 50% to 65% of the shares in the bidding process, but realize that they cannot achieve the 75% mark, then IMO they will rather settle for majority holding rather than walk away. They would in this case control the BOD, but Encore will still exist as a separate entity. It would be in PMO's advantage to allow it to carry on with its drilling program, and any PI's still holding will be well rewarded, since a success will have a greater impact to its share price than if it was absorbed into PMO. Some have expressed concern as to what would happen if PMO did walk away. This would be my second best scenario. IMO, the share price would remain at around the current level, since this is the price that another company has been willing to pay for it on the market, and not just a broker's calculation. It would give Encore breathing space, and with asset sales as shown by PMO itself, (namely Cladhan and farm-ins) it can get the finance required to go it alone. This should be possible. If PMO walked away, I do not believe that their contractual arrangement with TAQA will remain valid, so Encore could approach TAQA if not Wintershall. However, a few things to consider as we approach the voting process: If the bidding does go to a second vote, and PMO come back with an improved offer, then if the situation is the same as I experienced at RPT, then those who vote YES to the bid offer on the first round will have been deemed to have sold and will not be allowed to participate in the next round. Further, you need to check with your broker if you do not intend to vote. Some brokers take this to indicate that you are voting NO to the offer, whilst others take this to indicate a YES vote. I remember that this caused some confusion with some PIs at RPT. Please note that this is all IMHO. As always please DYOR. |
Posted at 11/10/2011 11:57 by buffythebuffoon Overall, I'm slightly disappointed AB couldn't get 85p or more but I suspect he is as well given difficult market circumstances.He may well get that if TR, or PMO's explo does well. I sold mine at over 72p which, if I'm being honest, I now regret. I have taken up EO. price watching as punishment. My rationale was that I had the certainty of getting 2p over the agreed price, and I would have free cash should there be armageddon in the markets before Xmas. If the market keeps going up and/or EO. receive a higher bid, I will regret it even more. Buffy |
Posted at 10/10/2011 08:52 by leedskier 1. It puts a floor under the share price.2. It ensures the share price rises in line with PMO. 3. It leaves the door open for a counter bid. 4. It avoids any question of dilution to raise cash for drilling. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
