Share Name Share Symbol Market Type Share ISIN Share Description
Eco (Atlantic) Oil & Gas LSE:ECO London Ordinary Share CA27887W1005 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -1.75p -3.37% 50.25p 100,421 12:00:21
Bid Price Offer Price High Price Low Price Open Price
50.00p 50.50p 50.50p 50.25p 50.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.33 -8.18 -6.00 80.4

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Date Time Title Posts
12/11/201811:50ECO Atlantic--Next door to Exxon Offshore Guyana932
28/2/201813:36ECO (Atlantic) Oil & Gas - Offshore & Onshore Namibia27
27/1/201113:10THE ECONOMY-
26/10/200910:06ecosecurities - carbon trading238
24/3/200608:44Eco Securities Looking Good3

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Eco (Atlantic) Oil & Gas (ECO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:51:5550.1020,00010,020.00O
16:29:0950.1010,0005,010.00O
16:24:2450.401,543777.67O
14:00:2850.00962481.00UT
13:22:0450.4019899.79O
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Eco (Atlantic) Oil & Gas (ECO) Top Chat Posts

DateSubject
12/11/2018
08:20
Eco (Atlantic) Oil & Gas Daily Update: Eco (Atlantic) Oil & Gas is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ECO. The last closing price for Eco (Atlantic) Oil & Gas was 52p.
Eco (Atlantic) Oil & Gas has a 4 week average price of 40.50p and a 12 week average price of 32p.
The 1 year high share price is 54.75p while the 1 year low share price is currently 21.75p.
There are currently 160,085,217 shares in issue and the average daily traded volume is 419,198 shares. The market capitalisation of Eco (Atlantic) Oil & Gas is £80,442,821.54.
09/11/2018
14:55
hiddendepths: The important point is that it's possible to make a decent sell or buy case for any stock at any time. That said, not all arguments are equal. It's a question of probabilities and a personal assessment of risk against reward. At present, the chances of the share price rising by a multiple are clearly significantly higher than the chances of a halving. It's not close. That shouts BUY to me. I'm going to look at this company in more detail over the weekend. But the bottom line already stacks up in my book (if I'm not mixing metaphors!)
12/9/2018
14:09
deanmatlazin: Dont understand people expect the share price going up to £3 within days. This time next year...£3/share. One of almost assured investment that the money will be quadrapled by next year :)
11/9/2018
07:13
acuere: Resource analyst. I think you need to assume Total will have their 25% so Eco have 15% of 2.9bn. That’s still 435m. Quick head calculation suggests the market is currently valuing Eco share at 20c per barrel. Ridiculously cheap.
10/9/2018
15:26
thelung: recoverable ECO share post farm in...?
10/9/2018
15:09
deanmatlazin: with the way share price move - I am sure there has been leak of info somewhere about CPR Report. If the report came out the potential of few hundred million barrels of oil in place...this will go up treble from current price!!!
29/6/2018
08:52
maccamcd: Hannam & Partners update out: Attractive entry point ahead of news flow; 72% discount to NAV The relative lack of news flow has weighed on Eco’s share price (stock down 22% in GBP terms since its February peak) despite the oil price rally. The shares now trade at a 72% discount to our estimated risked NAV of 113p/sh (link to initiation note). With the news flow about to pick up in both Guyana (new CPR; Total’s expected confirmation of farm in and improved line of sight into prospects and drilling) and Namibia (Chariot and Tullow are due to start drilling around Eco’s blocks), we would argue that Eco’s shares should start to close the valuation gap, particularly given that Eco is one of the most geared plays into these areas.
28/6/2018
15:12
maccamcd: One Junior, Two Company Making BasinsWith just over two months to the first 2018 exploration well spudding in the Walvis basin, offshore Namibia, and the recent report of yet another oil discovery on the Stabroek block, offshore Guyana, we are re-iterating our investment thesis for Eco Atlantic. This is a unique junior explorer with substantial exploration upside in both of these regions.  Impact: POSITIVEWe view the recent updates (since June 21st, 2018) including the eighth Stabroek oil discovery and Eco Atlantic's progress on its regulatory and permitting processes in Namibia as positive for the company. However, these don't appear to have made an impact on Eco Atlantic's share price, which at the last close of GBp30 is down by 6% over the last week. In our opinion, this weakness presents an attractive buy opportunity ahead of the upcoming, potentially high impact catalysts.Details:·   ExxonMobil announced the its eighth significant oil discovery (Longtail) offshore Guyana on June 21st, 2018·   The Longtail-1 well was drilled on the Stabroek block, which is adjacent to and down-dip of Eco Atlantic's Orinduik block (current 40% W.I.)·   The well intersected 78 metres of oil-bearing sandstone reservoir having been drilled to a depth of 5,504 metres in a water depth of 1,904 metres·   Also, Eco Atlantic has announced that it has been granted an extension on its Tamar block (PEL 50) offshore Namibia, having successfully completed its work commitment and that is has commenced the public hearing process ahead of the drilling planning for its Osprey prospect in PEL 30, Namibia, which we expect could spud in Q2-Q3/19·   Osprey is an ~880mmboe exploration target located in approximately 300 meters of water depthConclusion:Eco Atlantic is an exploration-focused company with attractive and potentially high-impact exploration prospects offshore Namibia and Guyana, in our view. As a pure explorer the company is a high risk investment proposition. However, with its available funding and 2018-2019 catalysts, we consider the company as an attractive investment on a risk-adjusted basis, and a strong addition to a balanced portfolio. We re-iterate our BUY recommendation with a GBp95 target price.
19/2/2018
11:49
acuere: As this quiet B.B. about to get busier It’s worth repeating this post from Maccamcd. The full broker note is available to view online. Lovely positive BUY note out from Hannam & Partners today. £1.13 tgt VALUATION – TOTAL RISKED NAV OF 113 P/SHARE The current share price is supported by the price that Africa Oil paid of 29p/share. Assuming that the Total farm out proceeds, and other options and warrants are exercised, Eco is set to have cash backing of 13.9 p/share. We derive a risked exploration value of the two potential prospects of a combined 99p/share (Amatuk in Guyana 53 p/share and Osprey in Namibia 46 p/share), suggesting a risked value of the company of c113p/share. We note that this is early stage exploration and key risks to our NAV relate to the size/quality definition of the prospects post 3D seismic (the trigger for Total’s farm in), timing of potential wells and exploration results in Namibia’s adjacent block. The share price will therefore reflect the progress of these potential wells. The next key milestone will be the interpretation of the 3D seismic in Guyana, expected in 1Q18, and whether Total wants to proceed with the farm in.
24/1/2018
08:21
maccamcd: Lovely positive BUY note out from Hannam & Partners today.£1.13 tgtVALUATION – TOTAL RISKED NAV OF 113 P/SHAREThe current share price is supported by the price that Africa Oil paid of 29p/share. Assuming that the Total farm out proceeds, and other options and warrants are exercised, Eco is set to have cash backing of 13.9 p/share. We derive a risked exploration value of the two potential prospects of a combined 99p/share (Amatuk in Guyana 53 p/share and Osprey in Namibia 46 p/share), suggesting a risked value of the company of c113p/share. We note that this is early stage exploration and key risks to our NAV relate to the size/quality definition of the prospects post 3D seismic (the trigger for Total's farm in), timing of potential wells and exploration results in Namibia's adjacent block. The share price will therefore reflect the progress of these potential wells. The next key milestone will be the interpretation of the 3D seismic in Guyana, expected in 1Q18, and whether Total wants to proceed with the farm in.
26/9/2017
09:35
maccamcd: some bunff from Brandon Hill research "The transaction values Eco’s existing 40% working interest at US$21.6m (13.5p/sh), leaving just 1.1p/sh of value in the current market cap for Eco’s Namibian acreage (after accounting for 2.5p of cash). Given recent corporate activity in Namibia we feel this is too low providing significant scope for a share price appreciation. In PEL 37, located adjacent to Eco’s Cooper block, ONGC Videsh farmed in to a 30% working interest in July, while more recently, Africa Energy acquired an effective 10% interest in the same licence for US$7.7m, through the acquisition of a 33% interest in a subsidiary of Pancontinental Oil & Gas. The terms of the Africa Energy transaction, when applied to Eco’s 32.5% interest in the Cooper Block implies a US$25m valuation or 15.7p/sh. In aggregate this suggests a fair value for Eco in the region of 31.7p, without attributing any value for the Guy, Sharon and Tamar licences, and implies upside of 85% to the current share price. "
Eco (Atlantic) Oil & Gas share price data is direct from the London Stock Exchange
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