Afren Share Discussion Threads

[mallorca 9] 24/6/2015 09:04

holts,
are you not considering the long term recovery and growth potential ?
Do you think that this CEO would have come in if he didn't see this.

[holts1] 24/6/2015 08:51

Where is Leeson31 after his ramptastic one eyed posts that may have cost a lot of people serious losses , beware this is worth a fraction of a pence now and you will need to be very nimble to avoid losses .

[mallorca 9] 24/6/2015 08:50

Calm down boys.
3p about to be broken then we may possibly see 4p today.
Well done to all those who bought at 1.5p yesterday.

[tracy_moore] 24/6/2015 08:48

Once is never enough LOL.

[jungmana] 24/6/2015 08:47

Lol ! How many times you gonna filter me.

[tracy_moore] 24/6/2015 08:46

John, cpx retracing nicely bit more to go yet though, then get back in.

[4627192] 24/6/2015 08:45

.

Jungmana 24 Jun'15 - 08:43 - 5282 of 5282 0 0 (Filtered)

[tracy_moore] 24/6/2015 08:42

Where are all the self praise back patters that sold yesterday and let us all know how well they had done ?.

[4627192] 24/6/2015 08:40

It's amazing the idiots who are bankrupt always giving great opinions . NOt

[carla1] 24/6/2015 08:30

Wow at least 300% to come....

Hold On Tight..

She Gonna BLOWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW

[mister md] 24/6/2015 08:24

risky punt but nice to make a bit of money as shorters are closing out their positions (assuming that this is the case...)

[4627192] 24/6/2015 08:05

auction 2.74p

[4627192] 24/6/2015 08:04

16% up. someone is bidding for stock in auction at 3.0p

[4627192] 24/6/2015 08:02

in auction 2.69p

[4627192] 24/6/2015 08:00

2.6p to buy

[4627192] 24/6/2015 07:58

best to filter that chap

Jungmana 24 Jun'15 - 07:56 - 5270 of 5271 0 0 (Filtered)

[the champion] 24/6/2015 07:57

Bob

how many £ millions you have made this year? as you add well. Glad we have you around.

[jungmana] 24/6/2015 07:56

Bobsidian - i agree. Dangote has been building that refinery for last 3 years simply to buy oil from multiple producers and sell to the market. He does not intend to be a producer only a refiner .if he wants an oil company there are far better opportunities in Nigeria than afren in its current state.

[bobsidian] 24/6/2015 07:51

As usual equity market participants have contrived to add 1 and 1 together to make 3. The construction of a refinery is not the same as the acquisition of a "distressed" oil producer. The cost to any acquiror is not just the equity but the equity and the outstanding debt.

Nigeria like all other oil producing nations has been hit hard by the speed of the collapse in the price of oil. Now oil companies are adapting their business plans to reflect the possibility of oil remaining at around $60 a barrel for at least the next two years. And that is without the near term possibility of Iran being free to add at least an additional 1.5 million barrels per day to world supply.

Building a refinery is one thing ; acquiring an oil producing company which is cost efficient in a $60 per barrel environment is something else.

[jungmana] 24/6/2015 07:50

4627192 - the bonds can be bought at 200-300m? I did not realise you are that stupid.Dont associate me with tpet as thats a lie you said there.

[the champion] 24/6/2015 07:46

I will be happy to see 4.5p close today

[4627192] 24/6/2015 07:44

and yet it closed higher in auction above offer price. I supposed these bidders yesterday in closing auction are muppets. The same with that 3m buys. OK