Share Name Share Symbol Market Type Share ISIN Share Description
Faroe Petroleum LSE:FPM London Ordinary Share GB0033032904 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 128.00p 0 06:35:19
Bid Price Offer Price High Price Low Price Open Price
127.00p 127.80p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 152.9 -13.7 -3.1 - 469.30

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Date Time Title Posts
23/4/201810:26FAROE PETROLEUM - Oil and Gas E&P in Norway, UK and Ireland845
15/6/201716:51FAROE PETROLEUM - Big Exploration Acreage - Big upside?8,087
19/2/201510:51L2 - Observations, comments and screenshots1
08/9/201411:17,2
15/8/201408:49BUY in Faroe Petroleum(FPM)1

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Faroe Petroleum (FPM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-23 15:53:27127.201,9522,482.94O
2018-04-23 15:53:02127.352,5003,183.77O
2018-04-23 15:35:07128.0060,59277,557.76UT
2018-04-23 15:29:50127.201,3411,705.75AT
2018-04-23 15:29:50127.202,5933,298.30AT
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Faroe Petroleum (FPM) Top Chat Posts

DateSubject
23/4/2018
09:20
Faroe Petroleum Daily Update: Faroe Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker FPM. The last closing price for Faroe Petroleum was 128p.
Faroe Petroleum has a 4 week average price of 103p and a 12 week average price of 91.10p.
The 1 year high share price is 129p while the 1 year low share price is currently 74.50p.
There are currently 366,642,990 shares in issue and the average daily traded volume is 570,447 shares. The market capitalisation of Faroe Petroleum is £469,303,027.20.
05/4/2018
08:01
bountyhunter: doubt it as the BoD said that 125p/share substantially undervalues the company so why would they agree at that price? (DNO said they would not make an offer except in certain circumstances and I don't recall buying more than 30% at 125p being one of them.) Https://uk.advfn.com/stock-market/london/faroe-petroleum-FPM/share-news/Faroe-Petroleum-PLC-Response-to-DNO-Announcements/77106519
04/4/2018
18:38
oli12: Faroe Petroleum ("Faroe," "Company") notes the purchase of 56,355,825 shares in the Company representing 15.37% of the Company's share capital by DNO ASA ("DNO") from Delek Group Ltd ("Delek") at a price of GBP 1.25 per share and DNO's subsequent statement that it has no intention of making an offer for the Company. Faroe also notes the announcement by DNO of an intention to acquire up to 10% of the outstanding shares in the Company through a reverse book building process. The Faroe Board has not had any discussions with DNO in relation to its purchase of the shares in the Company and its intention to acquire an additional shareholding in the Company. The Faroe Board further notes that it has had no discussions with Delek in relation to the sale of its shares in the Company. The Faroe Board considers that the GBP 1.25 per share price at which DNO purchased the Faroe shares from Delek substantially undervalues the Company and its prospects. NOTE the last line from the board “substantially undervalues” Wonder if PMG will cash in its holding ... time will tell
04/4/2018
18:23
gersemi: RNS - interesting Wednesday 04 April, 2018 Faroe Petroleum PLC Response to DNO Announcements RNS Number : 8724J Faroe Petroleum PLC 04 April 2018 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE 4 April 2018 Faroe Petroleum plc Faroe Petroleum ("Faroe," "Company") notes the purchase of 56,355,825 shares in the Company representing 15.37% of the Company's share capital by DNO ASA ("DNO") from Delek Group Ltd ("Delek") at a price of GBP 1.25 per share and DNO's subsequent statement that it has no intention of making an offer for the Company. Faroe also notes the announcement by DNO of an intention to acquire up to 10% of the outstanding shares in the Company through a reverse book building process. The Faroe Board has not had any discussions with DNO in relation to its purchase of the shares in the Company and its intention to acquire an additional shareholding in the Company. The Faroe Board further notes that it has had no discussions with Delek in relation to the sale of its shares in the Company. The Faroe Board considers that the GBP 1.25 per share price at which DNO purchased the Faroe shares from Delek substantially undervalues the Company and its prospects. HTTP://www.investegate.co.uk/faroe-petroleum-plc--fpm-/rns/response-to-dno-announcements/201804041820088724J/
04/4/2018
09:50
ed 123: I wouldn't knock Delek management. They work for their own shareholders and do a good job. Delek appears to be thriving. Share price is very close to its all time high and is up by about 50% from a year ago. They make a quick 40% gain from their brief holding in Faroe and they move on. Yes I also think it likely that having bought Ithaca, they made advances towards Faroe but were rebuffed. Now we have DNO with that 15%. With their major producing field in Kurdistan, DNO needed some balancing investment in a safer part of the world, imo. Faroe brings that. DNO has some history of merger (RAK Petroleum), so maybe the relationship will one day become deeper than the initially intended supportive arrangement? Hades and Iris news on the same day - very pleasant to read after a lie in and late start by me. Looking at Faroe's share price, 118p, up from an oil price induced low of about 45p, I wonder if a big find (Pabow?) might see it back above 200p? (All time high, 220p?) There is so much going on at Faroe, with its exploration, development and deals, it still looks a good growth prospect to me (subject to the oil price holding up).
26/3/2018
03:29
harry rags: $100 may be history but cost of producing a barrel was say $50Profit $50Now we have $70+ with costs about $25 profit $45+ with average price of a barrel expected to rise to $75 it appears to me Faroe and the likes are doing just as well as before however the this is not reflected in the share price. Must be due for a correction soon IMHOI know it is all very simplistic but then I am a simple manHarry
25/2/2018
19:28
rogerlin: Thanks whackford, quite a positive piece from Simon Thomson "In the circumstances, I feel it pays to stay long of Faroe's shares, with the potential for positive newsflow from its exploration activities an added attraction". Simon Thomson gives interesting tips and seems to have quite a following. Perhaps that article may have caused the small jump in the FPM price on Friday? Or perhaps news from Hades?
26/1/2018
12:22
ed 123: I don't know. Do they sometimes pre-lay a month before the drill rig arrives? Hades is about 60 days into a 90 day well. The share price is having another tilt at the 114p resistance level today. I see someone has paid 114p for 200,000 shares, recorded as a 'buy'. Maybe the seller(s) will back off and it will break out?
18/1/2018
17:11
rogerlin: The well will target two formations, one in the Cretaceous and the other in the Jurassic.The Cretaceous Hades prospect is a closure on the flank of the Sklinna Ridge, with the Jurassic Iris prospect located directly underneath, within a rotated fault block. You would have thought they must be in the upper prospect by now, could the news be good? But that little flurry of buying has not followed through. The share price of FPM seems increasingly disconnected from drill results these days.
07/7/2017
15:04
yasrub: Hi Ed I recently took an initial position in FPM after the Brasse DST. I found your above comments about Delek interesting and whilst I know Delek acquired Ithaca I have not followed closely enough to know how aggressive they were in achieving ie. POO price at the time. The potential take out prices all seem rightly potentially achievable and relevant but I wonder whether some are holding and in someways holding the FPM price up waiting for Delek's next move. Delek have just over 15% so their next move if they make one will be telling - but I suspect to buy any size within the market might be problematic so perhaps they will approach a holding institution ? My interest in FPM was trying to get the timing of buying correct (which has not been too clever at the moment !) as primarily the balance of explo/production is appealing to me - Delek would be an added bonus, but not entirely convinced it will beneficial if they make a move in the short term with current sentiment.
03/2/2017
21:22
gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
Faroe Petroleum share price data is direct from the London Stock Exchange
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