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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bayfield | BEH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.00 | 13.00 |
| Top Posts |
|---|
Posted at 06/2/2013 12:24 by stuart14 Will be able to buy at the same price as the latest investors shortly. That has to be a good opportunity. |
Posted at 28/1/2013 08:24 by triples I think that this is T&T's first UK listed company will bring investors from T&T here. Venture did well with Dingwall and so might Trinity. |
Posted at 13/1/2013 13:18 by stef77 The reason Trinity got 55% of the new co and Bayfield only 45% is very simple.although they had less reserves their net production is far higher than Bayfield's. they are onshore and a lot cheaper to produce therefore more profitable , ours offshore and more expensive. Anyway, as Bayfield shareholders, we should be greatful we even got that much! the alternative would have been a lot worse probably, as they ran out of cash.Regarding the new venture although I'm excited about it, I think that Bayfield's assets will be a drag on the co. without a doubt Bayfield was a fiasco, and the glorified "ex burren" management proved to be nothing but a bunch of red faces in the end. In my opinion, Bayfield failed for 3 main reasons: 1 offshore assets very expensive to explore and develop 2 ageing infrastructure and small remaining deposits proved difficult to extract hence very poor progress in production. 3 suffocating fiscal regime in Trinidad. Now remains to be seen whether the new managent can do what Bayfield's management couldn't: profitably monetise them assets. Regarding the reopening price I don't think will be under 20p. I guess it depends on the level at which the new shares will be issued and investors are prepared to pay. Bayfield floated at $10/bbl on 2p reserves. with 31mil barrels of 2p reserves at $10/bbl would value the new co at 310 mil dollars. our current combined market value is $154 millions. even with the raising of $90 millions there is plenty of upside. |
Posted at 25/11/2012 22:18 by ultrapunch Posted by Hoodwinker on the lse BEH bb.Hoodwinker Posts: 153 Observation Opinion: No Opinion Price: 20.75 beh in shares magazine this weekToday 19:26"the combined entity, which will have net production of around 3800 boepd, is expected to be readmitted to aim as Trinity exploration at some point next month. The man behind trinity will be familiar to investors in the UK oil and gas sector. Bruce dingwall founded north sea focused Venture Production in1997. The company was floated at 170p in 2002 and acquired by Centrica in aug 2009 for 845p. With Bayfields chairman Finian Osullivan , who founded fellow sector success story Burren Energy, set to remain on the board of non-exec director Trinity will have considerable pedigree behind it and will offer an interesting prospect to investors when the shares resume trading in December". Sounds good enough for me, GL |
Posted at 01/10/2012 22:27 by ultrapunch "Prospects and outlook -- Five development wells are expected to be completed in the Trintes field during the fourth quarter targeting net production in excess of 1,950 bopd (gross 3,000 bopd) by the end of the year. -- The Company is evaluating a range of financing and strategic alternatives. Cost control and working capital optimization remain priorities. Executive Chairman, Finian O'Sullivan, commented: "Stabilised gross production in excess of 2,000 bopd and substantially better pricing for our oil provides improved cash flow and a solid foundation from which to fund growth potential and follow through on previously announced strategic initiatives. "" Mojomonkey, why do BEH need another Gorilla 111 rig well this year to generate any excitement for the BEH sp? Believe me 5 development wells on the Trintes field before the year end and a likely funding solution as well is surely enough news to go on in the remaining 3 months of the year. How much excitement do you want?! I guarantee one thing. The BEH share price wont drift aimlessly during the next 3 months!! There is an awful lot going to be happening to BEH over the next 3 months even without another Galeota exploration well. The Exec Chairman's statement seems quite bullish, but there will remain a question mark over the company until they sort out the future liability problem by raising some cash and pronto. EDIT. I think the reaction of investors to the results has been irrational, but let's be fair the "going concern" comment didn't exactly help investors nerves though basically the same comment was made back in the summer. Nothing has changed on that front. They need to raise cash to carry on with their development program otherwise O'Sullivan will never get a good price for the company when he comes to sell it. |
Posted at 27/9/2012 15:53 by ultrapunch This link might help you visualise the pennant formation in the recent BEH chart, Mojomonkey."Flags and pennants can be categorized as continuation patterns. They usually represent only brief pauses in a dynamic market. They are typically seen right after a big, quick move. The market then usually takes off again in the same direction. Research has shown that these patterns are some of the most reliable continuation patterns. Bullish flags are characterized by lower tops and lower bottoms, with the pattern slanting against the trend. But unlike wedges, their trendlines run parallel. Bearish flags are comprised of higher tops and higher bottoms. "Bear" flags also have a tendency to slope against the trend. Their trendlines run parallel as well. Pennants look very much like symmetrical triangles. But pennants are typically smaller in size (volatility) and duration. (Volume generally contracts during the pause with an increase on the breakout.)" There are some actual stock and commodity chart examples contained in that link, Mojomonkey, but unfortunately they are all of flag formations. You will probably be able to see it if I can post a couple of charts this evening. The flag pole is the height of the recent spike up from circa 15-17p to the high of over 30p. The pennant is the small symmetrical triangle that has formed over the last couple of weeks or so at the top of the flag pole. You'll probably be able to see it better using the candlestick chart. What does it all mean? Well you have had the spike up (flag pole) on very large volume. Now the share price is going sideways in a symmetrical triangle pattern. The lows are getting higher and the highs are getting lower thus forming the symmetrical triangle pattern. The share price is effectively going sideways, on low volume, towards the apex of the symmetrical triangle. Basically the BEH share price is meandering gently sideways on low volume as investors await the interim results. If investors like them and the update it will contain, the share price will rise, probably to 40p+. If not the share price will drop!! It's a reliable pattern. Probably if you examined 100 charts after such patterns have formed 70 of those charts will show rises and 30 will show falls after the pattern has formed. Nothing is guaranteed when it comes to charts!! EDIT. I was going to de-risk by selling a chunk of my BEH today, but instead have decided not to. I'll take my chances because of the chart. |
Posted at 22/9/2012 09:28 by stef77 thanks luminoso, I don't think that will happen neither, this would be the worst case scenario, Bayfield is not in distress anyway and it's assets are worth at least 60p a share. the takeover panel rules suggest an independent panel would be appointed to value the co's assets, and if that's the worst case scenario, I can live with that! personally, I have 99% faith in this management. I say 99 because I don't have 100% in anything, not even myself! not even mentioning my wife's percentage:) the reason is, I tried to think of the worst possible outcome of this offer period, and I can't see any other than Beh being taken private.( any other suggestions?) I always try to consider the downside first with my investments. I also de risked ,( like many I believe ) my stake below 20p taking some profits in the run up to the rns. not much though,but it is the sensible thing to do. To be honest, I thought we'll have a pullback in the mid to low 20's and I would deff buy some more at that level. Providing the next rns is at least positive with improving production and ok finances(which is very likely) the share price will keep rising imo. a farm out with a third party especially with a cash payout to beh would send the shares to 60p in no time. a sale would be totally orgasmic. I shall read the next rns very carefully, and if it is at least positive I will buy even more, for a holder with a medium to long term view like me, it's worth adding at these levels imo, especially on a pullback to mid 20's. one very important factor to consider is that this money printing presses from central banks is going to cause inflation and will "force" investors into energy stocks / will improve sentiment towards all oilers and at some point we will find ourselves at the other extreme of the valuation irrationality. isn't that best time to sell??! investors that jump off the boat at the first wobble might find themselves sitting in mr Hatcher's corner:) remember him? |
Posted at 12/9/2012 17:06 by ultrapunch Well I've topped up at todays lower prices. Right decision? Who knows? When you get irrational behaviour of the likes of stocktrade, as the following posts from him illustrate, you rather despair of other investors sanity!! He had bought 100k at 18.5p last week after I tipped them to him at circa 15p. If he sold for a £4k profit he probably sold for a shade over 22.5p. I'm hoping that other irrational investors have done the same as him today and been panicked into selling by todays fall. The high volume today suggest that the initial selling by investors over 27p was followed by panic selling by others worried by their declining paper profits. I'm hoping we might see a bit of a rebound tomorrow as others take advantage of that panic selling to pick up some cheap shares tomorrow. As I said in my earlier post shares often fall back sharply after a rapid rise on no news. ultrapunch Posts: 482 Observation Opinion: No Opinion Price: 23.00 STOCKTRADEToday 16:44 I just topped up. Took a gamble that those who panicked, like stocktrade, and sold at circa 23p when they were thinking of buying more at 28p this morning and talking of 45p next week were doing the wrong thing at the wrong time as usual!!!! stocktrade Posts: 1,973 Off Topic Opinion: No Opinion Price: 24.50 beh holders?Today 15:04 Anyone sold up? tree shake? or are we heading down? i have decided not to sell as this is ridiculously cheap, £6k profit wont do it for me.GLA stocktrade Posts: 1,973 Off Topic Opinion: No Opinion Price: 24.00 sold upToday 15:30 should have sold when i had a £10k profit, sold for a £4k profit but not bad for 5-6 days work, i feel it wil go back down to 18p on no news so i will be buying back then. |
Posted at 04/9/2012 23:51 by ultrapunch triples and Orient. The Mkt Cap was circa £200m in July 2011 and around £180m just 6 months ago. However a lot of water has flowed under the BEH bridge since then and BEH has failed to live up to investors initial high expectations. A £100m Mkt Cap is not unreasonable, valuing the currently producing 2P reserves at US$8 per bbl in the ground with no value attached to BEH's exploration assets. That might be a bit steep, even for producing assets in Trinidad, bearing in mind AIM oilers in generally are currently very much out of favour with investors, but I live in hope!! I have a feeling that some kind of corporate action, to be announced in September, will change investors perception of BEH for the better. Fingers crossed.EDIT. On reflection it doesn't make sense for me to ignore the value of BEH's exploration assets. If you attach, say a £40m value to BEH's exploration assets in Trinidad and S. Africa then BEH's 2P producing assets are only being valued at US$5 per bbl in the ground, which is preposterously low for Trinidad!! Are BEH's exploration assets worth £40m? Well NEW is valued at £25m and exploration assets in Belize and Denmark are all it has. It only has around 20% of the Belize licence and similar in Denmark. At best the Belize licence only has a 20-25% CoS. Similar for Denmark. If we concentrate on Trinidad and Belize since S. Africa and Denmark are very early stage projects, BEH has a much higher percentage (65%) of it's Trinidad licence and a much higher CoS because of previous wells drilled on the licence by previous operators. Also Trinidad appears to be much more politically stable than Belize. On reflection if the current Mkt Cap of NEW values it's exploration prospects at £25m why shouldn't BEH's exploration prospects be valued at £40m? Triples, Orient and oilbuy, the more I think about it the more I believe that a £100m Mkt Cap undervalues BEH significantly. It might take some kind of corporate action in the short term to get to that £100m, but in the longer term value will definitely out. |
Posted at 03/7/2012 15:47 by steve73 The reported $47.5m invested by the original investors prior to float was for c. 118m shares - i.e. around 25p per share. (Although I could not find any details of how this figure was arrived at.)Flotation was an additional 90m shares at 60p. Although some of the original investors "could" have bought more at flotation, I suspect not as the latest reported holdings total a similar amount to that prior to float...if you see what I mean. Assuming they have not sold any along the way and as there was something about a 12 month lock-in, probably not. I would not expect the original investors to sell for less than what they invested - ie. 25p, so this probably represents a minimum sale price, or a 66% premium to the current price. Very simplistic analysis I know, but I thought I'd share it with this BB. FWIW. |
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