Addax Petroleum Share Discussion Threads

[surfer2] 17/6/2009 19:34

any of you buying Sey at current prices?

[adda] 17/6/2009 17:31

Approx 33% than todays close 2294

[arcadian] 17/6/2009 16:16

Doesn`t feel like a competition except between journalists to rehash old stuff.

Wonder what their fee was for reworking material which is already in the public domain?

[bluepill] 17/6/2009 16:15

Well I have bought some more here. The wave of press comment is too much. I had to top up on today's fallback.
Looking very promising.
Fingers crossed.
Price settling out at this level in toronto

[scottishfield] 17/6/2009 15:57

Tks Blue, What is the approx share price if the bid is 8 billion+ ?

[scottishfield] 17/6/2009 15:53

Horrible day all round today,if it's a 'healthy correction' well & good..

[bluepill] 17/6/2009 15:52

"Sinopec And KNOC Go Head To Head For Addax
Muazzin Mehrban, June 2009

(17 June 2009)

Competition for the Switzerland-based oil and gas explorer Addax Petroleum has intensified, with both of the remaining bidders, China's Sinopec Group and Korea National Oil Co (KNOC), valuing the company at over $8bn. "

[bluepill] 17/6/2009 15:50

"Executives from Chinese oil company Sinopec Group are in London to meet with Addax Petroleum Corp. (AXC.T) to discuss a potential takeover bid, two people familiar with the matter told Dow Jones Newswires Wednesday.

Addax's Chief Executive Jean Claude Gandur is open to a deal, but "if (Sinopec) wants to be successful, they have to put a serious amount of money on the table to discourage other competitors," said the first person. An offer in the $7 billion to $8 billion range is likely, the person said. "

[bluepill] 17/6/2009 15:49

Markets are tanking today but the newsflow continues.
This is the most promising so far.
Am seriously tempted to add more on this dip.
Looking more and more like Sinopec want this before anyone else gets in there.

[leeson31] 17/6/2009 08:12

sp reacting a bit now. thx 4 urs posts bluepill.

[bluepill] 17/6/2009 07:59

The press won't stop discussing the takeover. Looks as though tere's quite a battle going on and the price they are supposed to be bidding is getting higher. Could do with some official rns or clarification really. Thinking of topping up if the price drifts down today.

[bluepill] 16/6/2009 15:56

The times believes that there is more than one chinese bidder and that a bidding war will get the price up to £7 billion. I hope so. Glad I did sell at £29 on monday morning.
I do hope there's an rns before end of the week.

[diggsy] 16/6/2009 13:00

Good research BP.

[bluepill] 16/6/2009 11:49

Korean times acknoweldging that KNOC is involved:

[diggsy] 16/6/2009 11:49

I agree, certainly something being worked on in the background....im sure we will see £30 soon.

[bluepill] 16/6/2009 11:18

Nice gains this am despite yesterday's fizzled out roar.
Looks like the maket is beginning to come round to the rumour.
Besides if they have issued an rns that there are talks wouldn't they have to also issue an rns when they finish either way. Which makes me think the talks are ongoing. KNOC may be pushed into bidding again.

[bluepill] 16/6/2009 01:38

Yet more press coverage

[bluepill] 15/6/2009 15:39

Well the market was pricing in a bid this am. the lack of rns has evaporated that. Could be an opportunity to top up. We have seen that the price will go up to at least £30 when bid comes so worth going long at £24. 25% gain.

[leeson31] 15/6/2009 14:46

nearly tam tam..... :p

[tamtam3] 15/6/2009 14:24

Bid now C$ 47 in Toronto

[tamtam3] 15/6/2009 14:19

Do I see a big smile there L?

TT