Amerisur Resources Share Discussion Threads

[lucyp00p] 31/7/2019 22:10

Wow, is that news? There's not a single word in that article that could not have been sourced from this board.....oh, and by the way, it's still 38p.

[fatgreek] 31/7/2019 21:07

Good find ML

[moneylender] 31/7/2019 20:53

From Sharehub today

Finally, saving the best to last, Amerisur Resources have raised the For Sale flag. Management have already rejected the 17p initial offer which is a bullish message to the market. Multiple buyers/parties are involved in talks so it could take sometime for the advisors to strip out the pretenders from the real contenders. The latter are expected to be OXY, ONGC, GEO PARK and GTE. Amerisur Resources folio of assets is an interesting one. All based in Colombia (with exception of Paraguay) they already feature partners OXY and ONGC. Key infrastructure assets such as the OBA (pipeline to Ecuador) are crucial to the economic story on assets in the south. CPO-5 is seen as a bit of a standalone asset towards the north which AMER holds a 30% stake in with ONGC holding the operatorship. Finding a buyer that wants the entire folio may be tricky. Finding a buyer for individual assets could be the way to go in terms of gaining maximum return to shareholders. Whether that will be all cash or part cash and shares remains to be seen. The majority of II’s involved with AMER would naturally lean towards an all cash offer. If this is the case then it becomes more likely that ONGC, GEO PARK and OXY will make the final bidding rounds. Of course there could be a complete outsider that enters the end game out of the blue but until bids above 17p are announced, it’s all about keeping a straight poker face. Interest in Colombia has shot up of late driven by issues in Iraq, Iran and Africa.

If ever there was a good time to sell up, now is it. This is not a desperate forced sale. Amerisur management are nicely positioned with huge exit bonuses. Which is why a deal will be done. TheShareHUB predicts winning bids will amount to over 26p. But in today’s much sought after Colombian E&P sector, that price could rise as high as 35p. For now, the starting bid is in at half the top price. So long way to go to get there.

Fingers crossed… again!

[danieldruff2] 31/7/2019 19:52

There's a reason why oil production is better reported quarterly, it does us no favours to see the daily figures. Could you imagine the BP board, 2.8 million barrels today... what has gone wrong... it was 3 million last week, maybe they've closed down a field or had a pipeline blowout... oh 3.1 million today... maybe the workovers were successful or that last drill was mega !!! yadda yadda yadda :-)

[sji] 31/7/2019 19:14

OBA 30/07 - 1,660 bopd !!!!

Daily average to date for July - 3,917 bopd vs 4,304 bopd for June 2019

[xxnjr] 31/7/2019 19:09

another concrete day ;-)

[leas1] 31/7/2019 17:32

Looks that way. Had to wrestle the share price back this morning as it became a little hot. Wouldn’t surprise me if we get a late reported trade tomorrow.
I also have a gut feeling that private investors are a little more resolute now and likely to hold as it knocks on the 20p door.
Liquidity is likely to become difficult now when trying to accumulate more shares at this price.

[davwal] 31/7/2019 17:05

The market seems to be tightening, and I'd settle for a run of +2.8% days for a while...

[westmoreland lad] 31/7/2019 16:56

Yep , the 16.35pm uncrossing trade.

[leas1] 31/7/2019 16:51

El Greco, think it was a UT

[moneylender] 31/7/2019 16:41

I am still here and collecting pound notes as they fall!

[fatgreek] 31/7/2019 16:35

Juicy buy just came in 390k+

[davwal] 31/7/2019 13:02

That said, will we see 19p today..?

[davwal] 31/7/2019 13:00

The healthy appetite for shares is encouraging, but it’s still surprising how the share price is mainly trading within a tight range. Which, I have to say, is jolly convenient for the IIs...

[xxnjr] 31/7/2019 12:48

the 700K after hours yesterday was a Killik buy.

[dayway123] 31/7/2019 12:29

Hi Westie, yes.

[juuunx2] 31/7/2019 12:21

And the train needs a driver

[westmoreland lad] 31/7/2019 12:15

Appears you live north of Crew then dayway ?

[dayway123] 31/7/2019 12:03

Rossannan You would appear to have only paid your train ride to Crewe, but savvy investors know we’ll be nearer Euston. Hope you get off before then, maybe take the bus.

[davwal] 31/7/2019 11:52

Bit of a tree shake to get some stock.