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AET Afentra Plc

52.80
2.20 (4.35%)
07 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Afentra Plc LSE:AET London Ordinary Share GB00B4X3Q493 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  2.20 4.35% 52.80 1,113,710 16:26:41
Bid Price Offer Price High Price Low Price Open Price
52.40 52.80 53.00 50.40 50.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 26.39M USD -2.71M USD -0.0123 -42.93 111.35M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:59 O 147,582 52.0793 GBX

Afentra (AET) Latest News

Afentra (AET) Discussions and Chat

Afentra Forums and Chat

Date Time Title Posts
07/10/202417:00AFENTRA - High Growth Second Phase O&G Sector Specialist 608
26/5/202416:14Afentra PLC - energy transition in Africa1,099
27/4/202413:02AET with Charts & News30
23/12/200808:14Canadian Energy Trusts19

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Afentra (AET) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:47:3452.08147,58276,859.67O
16:06:5952.8034,00017,952.00O
15:35:1852.801,873988.94AT
15:35:1852.80109,19557,654.96UT
15:26:4152.802,3981,266.14AT

Afentra (AET) Top Chat Posts

Top Posts
Posted at 07/10/2024 09:20 by Afentra Daily Update
Afentra Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker AET. The last closing price for Afentra was 50.60p.
Afentra currently has 220,053,520 shares in issue. The market capitalisation of Afentra is £116,188,259.
Afentra has a price to earnings ratio (PE ratio) of -42.93.
This morning AET shares opened at 50.40p
Posted at 26/9/2024 12:49 by dragon35
I've been here since 15p but when you see the investment drop from 60p to potentially 40p that is a £200k swing in my account and if it drops further then the upside on the next deal is not as impactful. The aim of the game is to sell this for £1.50 plus but if the share price keeps falling then you end up holding a lot longer than planned. The risk is a lower annual yield for me over a greater timeframe and geopolitical risks ruining the investment in the meantime. I remain positive but the deal flow is slow compared to RRE and that's my personal benchmark for AET to perform against. Moan over!
Posted at 12/9/2024 07:54 by ashkv
Share Price - AET-> 44.6
AET Current Share Price vs 52 Week low of 24.1p on 15 Sep 23-> 85.06%
AET Current Share Price vs 52 Week High of 62.2p on 11 June 24-> -28.30%
Brent-> $71.50
Shares Outstanding-> 220,053,520
Market Cap (GBP)-> £98,143,870
GBPUSD-> 1.305
Market Cap (USD)-> $128,077,750
Production Average HY 2024-> 6,696
Production Average FY 2023-> 4,478
Production Average FY 2022-> 5,970
Cash (30 Jun 24)-> $13,800,000
Net Debt (30 June 24) -> $46,400,000
Net Debt Post Q3 Crude Lifting (12 Sep 24) -> $0
AET Next Crude Cargo (~550,000bbls) in late Q4 24 / early Q1 25.at $75 Brent Subtract 6% Petroleum Tax (As per HY Results 24)-> $38,775,000
Enterprise Value (Market Cap + Debt - Cash) (USD)-> $174,477,750
EV/Barrel Average AET Net Production HY 2024-> $26,057
EV/Barrel AET Net Production HY 2024 including Q3 Lifting -> $19,128
Decommissioning Liabilities (HY 2024 Results) -> $130,900,000
EV/Barrel Average HY 24 Production Including Decommissioning Liabilites -> $38,676
2P Reserves Post Revised Acquisitions-> 32,000,000
EV/2P-> $5.45
Posted at 10/9/2024 15:29 by dragon35
Next stop $65 for oil. So AET make $30 a barrel at that price. They sell approx 2.5m barrels a year so what will a rebased share price be at that level? This is why they really need another deal before the mcap swings too low and it results in it being classed as an RTO with more difficult financing operations which will suspend it for a year or two again.
Posted at 01/9/2024 11:39 by mount teide
Following completion of the Azule working interest in Blocks 3/05 and 3/05A, the Executive Management conditionally granted themselves share options and, the Non Exec Directors new ordinary shares at a 57.4p exercise price.

These share options and ordinary shares are currently trading 16% below the price when they were awarded and announced to the market.

I believe AET continues to offer a highly compelling investment case for the reasons I've been articulating since early last year and particularly following closure of the Azure deal, and so, consider the conditional awards to have added further weight to the current investment case - as the astute Management will have a far better understanding of current fair value and, the high impact upside potential of the H2/2024/25 organic growth plan announced to the market in early summer, together with further M&A activity, previously guided for announcement before the end of the year.

AIMHO/DYOR


15th Jul 2024 - Grant of Non-Executive Director Share Options, and Executive Director - Long Term Incentives Plan (LTIP) Award

'Afentra plc ('Afentra' or the 'Company') (AIM: AET), the upstream oil and gas company focused on acquiring production and development assets in Africa, has conditionally granted, under the Executive Directors Long-Term Incentive Scheme, new ordinary shares in the Company in the form of nil-cost share options and has granted options over new ordinary shares to its Non-Executive Directors at an exercise price of 57.40 pence per Ordinary Shares.'
Posted at 31/8/2024 19:41 by astralvision
bleemsterThe link you give shows Tende/Etu going for 18/31 & 27.It also gives AET going for 3/05, 3/05A & 23.The only link is AET and Tende are both going for Angolan assets.I would absolutely love it if Tende were bought out/listed or whatever, anything that gave us value and an exit.But, unless you have some insider knowledge, there is absolutely nothing in that link that suggests AET/Etu/Tende are about to formally get together.It's like saying two unrelated companies going for, say, North Sea oil must be getting together as they have the North Sea in common.The only thing AET & Tende have in common is Angola, unless you know something different.
Posted at 27/8/2024 07:37 by mrscruff
Hi, I am new to researching AET. Can some one please provide me with the interest rates on the RBL and any guestimates when this can be paid off presuming no more investment in growth? The recent share price pullback here is encouraging for new investors.
Posted at 23/5/2024 12:52 by ashkv
How much of the crude inventory translates to net cash post opex, taxes etc?

Share Price - AET-> 59
AET Current Share Price vs 52 Week low of 23.65p on 7 July 23-> 149.47%
AET Current Share Price vs 52 Week High of 59p on 23 May 24-> 0.00%
Brent-> $82.50
Shares Outstanding-> 220,053,520
Market Cap (GBP)-> £129,831,577
GBPUSD-> 1.275
Market Cap (USD)-> $165,535,260
Average AET Net Production Till End April 2024-> 6,800
Production Average FY 2023-> 4,478
Production Average FY 2022-> 5,970
Last Updated Cash (Jan 2024 RNS)-> $19,600,000
Net Debt On Azule Acquisition Completion 23 May 24 RNS -> $46,200,000
840,000 Barrels AET Crude Stock at $75 Brent Subtract 6% Petroleum Tax (23 May 2024 RNS)-> $58,430,400
Enterprise Value (Market Cap + Debt - Cash) (USD)-> $211,735,260
EV/Barrel Average AET Net Production Till End April 2024-> $31,138
EV/Barrel AET Net Production Till End April 2024 including Crude Stock-> $22,545
EV/Barrel (FY 2023 Production Average)-> $47,279
EV/Barrel (FY 2022 Production Average)-> $35,467
2P Reserves Post Revised Acquisitions-> 32,000,000
EV/2P-> $6.62
Posted at 25/4/2024 09:51 by tim000
I’m sure the Directors don’t fuss about daily movements in the share price, their job is to grow the business. We too need the same approach; no one knows when exactly the share price will rise, or by how much. If you just buy and hold, MT’s mantra, none of that really matters. It’s clear that AET has enormous potential to grow into a substantial business, our only decision is how much of our available capital do we deploy on the journey.
Posted at 11/4/2024 21:19 by mount teide
Oil - Top traders and forecasters, as well as investment banks, have upgraded their price and demand forecasts in recent weeks on a tightening oil market, over which OPEC+ has now regained control.

OPEC+ Rules in an Increasingly Tight Oil Market - Oilprice.com 10 April 2024

'The OPEC+ group is firmly back in control of the oil market and has the power to have it extremely tight in the second half of the year should it choose to do so, industry executives and hedge fund managers say.

The market is growing increasingly bullish on oil, expecting robust global demand growth and supply constraints, including OPEC and Russia’s production cuts, to push prices even higher in the summer.

With Brent oil prices breaking above $90 a barrel, there is room for further upside amid tighter markets and heightened geopolitical risks, investment banks say, not ruling out $100 oil this year.

The trajectory of oil prices over the next year is largely in the hands of the OPEC+ alliance of the top Middle Eastern producers and Russia, according to Sebastian Barrack, head of commodities at hedge fund giant Citadel, which had $61 billion in investment capital as of April

The OPEC+ group has “definitely regained control” of the market, Barrack said at the FT Commodities Global Summit in Lausanne, Switzerland, this week.

If the alliance decides in early June to keep its current cuts after the end of the first half, we could see an “extremely tight” oil market in the second half of the year, Citadel’s executive said, adding that the timing of OPEC+’s potentially eased cuts and their volume “will define where prices go in the next 12 months.”

Right now, prices are going up, as geopolitical concerns linger in the Middle East, demand holds strong and could turn out stronger than expected, and supply and infrastructure issues hold back production and exports, from Mexico to Russia.

Top traders and forecasters, as well as investment banks, have upgraded their price and demand forecasts in recent weeks.

Oil prices are set to trade in the range between $80 and $100 per barrel this year, Russell Hardy, chief executive at Vitol Group, said at the FT summit this week. The world’s largest independent oil trader also expects robust global oil demand growth in 2024, at around 1.9 million barrels per day (bpd) higher than in 2023, Hardy said.

If this forecast pans out, this year’s growth in oil consumption will not be too far off the bumper increase in demand in 2023.

The U.S. Energy Information Administration (EIA) raised its 2024 and 2025 forecasts of global oil consumption by between 400,000 bpd and 500,000 bpd, due to a revision of historical data for 2022 and to the “current market dynamics,” the EIA said in its monthly Short-Term Energy Outlook (STEO) on Tuesday.

Morgan Stanley sees heightened geopolitical risk pushing Brent prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel compared to its previous projection. Last month, Morgan Stanley had already hiked its third-quarter oil price forecast by $10 per barrel, to $90, on the back of expected tighter markets in the summer.

In recent weeks, banks, including JP Morgan, have said that oil prices could hit $100 per barrel by the end of the summer. However, demand destruction could prevent prices from reaching triple digits, JP Morgan says.

Still, analysts and industry executives believe that OPEC+ would reverse at least part of the cuts if prices run up to $100 as it would look to avoid demand destruction, stronger response to high prices from U.S. shale, and a potential loss of longer-term demand for OPEC+ crude.

If OPEC+ rolls over the cuts beyond June, “we will see a level of tightness in the market that will be very constraining to the market, and high prices will have to go and help destroy demand to solve that problem,” Citadel’s Barrack said at the FT Commodities Global Summit.

As tempting as it may sound for OPEC to sell oil at $100 a barrel, the cartel may not be willing to risk another inflation shock that could cripple demand.'
Posted at 10/4/2024 03:10 by xxnjr
MT - apologies for being disagreeable but as a shareholder in Tullow that is not how I remember it.

the share price of TLW is about 34p today. In 20 yrs the share price has increased from err 32p to 34p. Nothing much to shout home about.

The business wasn't really built by McDade. It was initially built by founder/CEO Aidan Heavey and CFO Tom Hickey. As far as i can recall they were the ones who would have steered the negotiations on UKNS acquisitions from Esso and BP and they were the ones who negotiated the Energy Africa acquisition in 2003/4 which was arguably the making of Tullow Phase 1.

The explosive share price grown of Tullow Phase 2 which reached £16 at one point (in old money b4 a capital raise) was driven by very high risk frontier exploration with big discoveries in Uganda, Ghana, Kenya, not from buying low risk mature assets from exiting majors.

It all went to their heads in Tullow Phase 3 when in relative terms Tullow probably had the highest exploration spend of any E&P on the planet. billions and billions on exploration. And billions and billions written off on failed wells.

McDade made such a mess of Tullow after being appointed CEO that the company were obliged to fire him.

So yeah, Afentra is a bit like early Tullow Phase 1 was the UKNS.
And hopefully McDade has learnt from past mistakes.....
Afentra share price data is direct from the London Stock Exchange

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