||EPS - Basic
||Market Cap (m)
Enterprise Oil Share Discussion Threads
Showing 176 to 199 of 200 messages
I agreed to sell to Shell and the purchase was completed today, at 725.|
|Does anybody know why the market bid for ETP has been popping above the 725p level, which is the amount offered by Shell?
|Still a bit confused watching big players selling small amounts of there stock to shell but still holding most of them I would have thought the big players would have taken the cash unless they think there is a chance of a counter bid. Looks very doughtful to me but who knows?|
|Shell have 15% already, I think a counter bid is more unlikely now. I'll wait unil end of next week and see what Shell's holding is by then, before looking to close my position.|
Time must be limited for other bids as Shell now have over 11% of stock. If there is to be a counter bid it must come soon? Do you know the time scale for Shells bid to be complete and Small holders to get there offer forms or do we have to wait for them to get 90% of stock?|
|Not so quick guys..I'm holding still...following extract from Sunday Times article:-
Shell's bid has confused more than a few analysts. It gives Shell the position of operator in key North Sea fields in which the two are partners, and there will be some benefits from getting together in Brazil and Norway. But as one industry executive pointed out, there is no compelling fit between these two companies. That raises the question of whether there will be a counter-bid.
"I was surprised they were even interested because of all the companies which could have claimed synergies they were certainly not the strongest. There are not a lot of overlapping operations and therefore not a lot of scope for cost reductions," he said.
"There are clearly overlaps with others such as BP and ENI and I think with companies in the US. This bid starts a process and we will see what happens - but it is not necessarily the end of the story."
None of these criticisms appear to faze Philip Watts, Shell's chief executive, who has been on an $8bn buying spree. Days before the Enterprise bid emerged Shell announced that it was to buy Pennzoil-Quaker State, a US lubricants business, for $3bn.
The group has also acquired Fletcher Energy in New Zealand and McMurray, a North American gas producer. In Germany Shell is buying the DEA petrol station chain previously owned by RWE and it snapped up the Texaco refining business in the US.
Shell may well lose Enterprise to a rival bidder such as ChevronTexaco or ConocoPhilips of the US. But for Enterprise it is still the end. The spin is that Hearne is too mindful of shareholder value to be emotional about losing the business he created. Hearne himself is saying nothing at all.
Laidlaw, who walks away from the deal with a handsome £4m payoff, must have known by Christmas that his stay at Enterprise would be a short and eventful one. "We have got a good deal for shareholders and they own the company. It is sad to see the end of the remaining independent European oil company.
I would say it's not the end of the action, just yet!|
|i hereby abandon this thread as i sold all of my holding first thing this morning. can the last one to leave please turn out the lights :o)|
|ENI were quibling about 650p a share let alone the minimum of 800p now required
to counterbid,so I think it is extremely unlikely.|
|sbe is the one to be on offer of over 200mil for it comming in|
|closed at around 730.5p in the US after hitting an intraday high of 741.5p , game over?|
|still trading at a slight premium to the bid at around 733p at current exchange rates on NYSE. this is due to speculation that another player will throw their hat into the ring. i don't think that ENI have any chance as ETP have indicated that they would like to keep the company under british ownership (well , semi-british anyway). it should also be noted that SHEL snapped up 10.4% of the shares today , so it would appear to be a done deal.
btw , i wouldn't have bothered to add all of the charts etc , if i'd known that this thread and ETP had such a short time to exist LOL!|
|Seems to be a lot of trades above offer price could this mean we may have a counter bid from ENI. They said they would not make a hostile bid but if large shareholders agree to it then it is not hostile it would seem wise to at least see what they where offering and give ENI the chance to bid.|
|people get in on sun look how much you buy a share for and they are a safe bet as safe can be in this game|
|Shell needs the acareage to top up its dwindling reserves in the north sea. At 725p/share they are getting a bargain in Enterprise and with Shells massive war chest, they could easily top another bidder. There could be more to come! I wont be selling my holding with the distinct possibility of another operator upping the stakes. Good luck.
|myomy... will hold current levels unless Shell pull out which seems highly unlikely, can go higher on further bid speculation, general demand for oil stocks, higher oil prices, further escalation of Middle East conflict etc. I'm long and will close out if I don't see any further action over next few weeks.|
|I'm long from 6.34 but cannot see the point in closing it yet, if no other bidder to emerge surely it will keep this value, currently 7.18, if another does appear the only way is up.
Please confirm that this point of view is correct I've got an itchy sell finger!|
|725p will do me niiiiiiiiiiiiiiiiiiiiiiiiiiiicely but I'll wait to see if anyone else comes along..seems unlikely though.|
|patience is a virtue and to be honest i can't see anyone coming in with a higher counter-bid. i'd have been happy with 700p.|
|and the winner is .... Shell/Royal Dutch
who will be next ???|
thanks for that , i don't know how i could have missed it.
i haven't been drinking , honest :o)|
Also have a share of the tahiti discovery announced today in gulf of mexico.
|currently up to equivalent of 640p on NYSE , due to the oil price hike.|
|hooray , i've finally managed to get the oil price chart to start working again.
we apologise for the loss of service.|
|Touched 630p a new recent high maybe something is about to happen very soon|