Afentra Share Discussion Threads

[albert35911] 22/6/2024 18:28

Then in that case why do posters ramp shares,I am saying the opposite of which I am usually right after a spike,rampers try to get suckers trapped in,very simple and rampers know it and do not like it.I will keep speaking how I find irrespective of how the pumpers feel.

[bronislav] 22/6/2024 18:06

Albert...why bother posting .just follow your own prophecy and make a fortune .Maybe you arent seeing the power you have in your ability to foresee the future.

[albert35911] 22/6/2024 18:04

Missing you already

[albert35911] 22/6/2024 13:50

Come on chaps that should be at least 3 red thumbs down

[albert35911] 22/6/2024 13:44

Bronislav…not at all read earlier posts,maybe a bit difficult but keep up sonny.

[bronislav] 22/6/2024 11:03

You must be a millionaire now.you have the gift of prophecy .

[albert35911] 22/6/2024 10:37

A red thumbs down,does that go hand in hand with the share price down,it does for you gullible one.

[albert35911] 22/6/2024 08:57

I said in May these would drop back,and so it has.More to come I think.

[optomistic] 22/6/2024 07:37

AGM...i3 Energy plc... What is that to do with AET?

[ashkv] 21/6/2024 14:47

It is the AET AGM on 27 June 24



elsa787820 Jun '24 - 16:07 - 343 of 343
0 0 0
Matt389319 Jun '24 - 22:56 - 341 of 342
Can you elaborate on how you know they presenting or doing whatever in London?

Know someone's who's going.

[elsa7878] 20/6/2024 15:07

Matt389319 Jun '24 - 22:56 - 341 of 342
Can you elaborate on how you know they presenting or doing whatever in London?

Know someone's who's going.

[mount teide] 20/6/2024 11:26

Following the previous occasion the Chart RSI hit 30 the share price increased from 35p to 60p(+71%). The time before that from 27p to 39p(+45%).

The share price was at 52p for the RSI's latest visit to 30 this week.

[matt3893] 19/6/2024 21:56

Can you elaborate on how you know they presenting or doing whatever in London?

[mount teide] 19/6/2024 15:05

Most of the higher volume transactions today (18k to 51k) look to be sells - suspect a few may have pivoted from Afentra into Arrow after today's news.

Held seven figure positions in AET for 1.5 years and AXL for 2.5 years - from a fundamental perspective, would find it very challenging to choose between the two as the most likely to deliver the strongest capital growth over the next 2-3 years.

[mount teide] 19/6/2024 09:35

UK O&G Industry - Beware of unintended consequences!

Labour's proposed policy to increase the total tax take to 78% and end the deductibility of Capex, is very likely to lead to the complete collapse of exploration activity and most production development.

The financial distress of most small/mid cap UK focused E&P companies is a near certainty, with many likely to fail(who would want to buy their 'assets'?), thereby increasing the risk of a very substantial minority of the North Sea O&G sector's astronomical decommissioning costs becoming the responsibility of the taxpayer.

What a contrast to the forward thinking governments of Angola and Malaysia - who this decade have made their O&G industries some of the most competitive in the world to attract foreign investment - with predictable results: a tsunami of new investment to enable the natural divestment of mid/late stage assets from NOC's and the Majors to second phase small/mid cap's with a proven track record of safely operating these type of assets.

[elsa7878] 18/6/2024 18:04

2 day roadshow in the City next week. FWIW.

[mount teide] 18/6/2024 16:02

D35 - thanks for your thoughts. Very familiar with TXP as an early stage value/growth investment - bought the first 1.0m of a 2.4m position in TXP at an average of 7.5p, immediately following the London IPO, when the company was so unloved it was possible for poster Zengas and myself to repeatedly buy in transaction sizes up to 250,000 shares without moving the shareprice.

At that time, there were only three posts on the Advfn thread during a two month period and two were mine. Some nine months later the company raised a relatively large sum of money compared to the market cap at a shareprice of 11p.....to organically grow production/P2 reserves. It proved an extremely effective use of the cash compared to paying out dividends or buying back shares, as the stock was changing hands some two years later for circa 23 times our initial buying price.

If CEO McDade were to significantly veer from following a strategy other than identifying and buying attractively priced, high quality second phase O&G assets with material reinvestment and efficiency improvement potential to maximise reserves recovery, I would look to sell down my holding.

However, McDade clearly believes Afentra has an opportunity to replicate the success of Tullow, Talisman and Apache in the North Sea 20 years ago, not least because fortuitously Afentra has the tail wind of the recovery stage of a new oil market cycle, a strong post pandemic recovery in demand, and a major programme of disinvestment of high quality assets that are no longer material to oil majors and NOC's in a number of mature O&G basins around the world.

The holy grail is to find a lowly valued second phase O&G company with low producing costs, strong cash flow generating assets and highly material organic and inorganic development potential, run by an experienced management in a high growth, high energy price mature market, thinly contested for high quality assets being vacated by oil majors and NOC's, due to owners and Governments willing only to consider companies with management capable of demonstrating a previous track record of managing O&G assets to the highest operational and safety standards.

Should the company also benefit from a regional Government offering industry leading fiscal terms, long license extensions to attract new investment to maximise recovery from large mature fields, and a drilling/oil service sector still largely beaten down by the ravages of a long recession, together with a location in a region with mostly benign sea and weather conditions enabling shallow water offshore field production development and maintenance work to be carried out year round, that would be the icing on the cake.

On the balance of probabilities, over a 2-3 year view, I consider the risk/reward of an investment in Afentra today as good as any O&G company in my portfolio.

AIMHO/DYOR

[briggs1209] 18/6/2024 15:54

Dragon could well be right here. It has taken a chunk of time to get the last big deal done and we could now drift with the price of oil awaiting another deal.

However, equally there could be a steady flow of news relating to workover of wells and generally cheap and effective well interventions. The expectation of such moves could easily keep the price marching upwards.

I suspect deals may well come more frequently over the next year or two. Looks very nicely positioned.

[onedayrodders] 18/6/2024 15:12

dragon3518 Jun '24 - 15:51 - 334 of 334 (Filtered)

[dragon35] 18/6/2024 14:51

I have been here nearly three years and whilst I am happy with the steps taken I am questioning whether to keep holding or not. I was hoping for more of an RRE round two so patience is sadly wearing thin hence looking for inspiration from others!

[holdandhope] 18/6/2024 14:21

Or just have a bit of patience Dragon and let the market get the share price to 80 and let AET spend the cashflow on growth capex and acquisitions?

[dragon35] 18/6/2024 13:59

Buy backs are usually high return RRE was a good example. Cash deployed effectively - as AA kept saying they were the best value oiler on the market so why not buy back your own shares. Surely this is worth 80p plus then buying back at 55p is good business?

[onedayrodders] 18/6/2024 13:34

some posters are sooooo transparent