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
  +0.40p +0.25% 160.40p 656,195 16:29:09
Bid Price Offer Price High Price Low Price Open Price
160.20p 160.60p 164.80p 159.80p 164.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 152.92 -13.74 -3.10 598.1

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Date Time Title Posts
24/9/201810:28FAROE PETROLEUM - Oil and Gas E&P in Norway, UK and Ireland1,249
04/7/201817:04FAROE PETROLEUM - Big Exploration Acreage - Big upside?8,088
19/2/201510:51L2 - Observations, comments and screenshots1
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
2018-09-25 15:35:46160.5440,10064,376.54O
2018-09-25 15:35:46160.5440,10064,376.54O
2018-09-25 15:35:46160.9740,10064,548.58O
2018-09-25 15:35:46160.9740,10064,548.58O
2018-09-25 15:35:24160.4030,25548,529.02UT
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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 160p.
Faroe Petroleum has a 4 week average price of 146.60p and a 12 week average price of 135p.
The 1 year high share price is 165p while the 1 year low share price is currently 88.75p.
There are currently 372,889,693 shares in issue and the average daily traded volume is 1,040,882 shares. The market capitalisation of Faroe Petroleum is £598,115,067.57.
harry rags: Oil $80.82 at present with forecast of $ 90/100 between now and early 2019That should see the share price rise with or without a bid IMHO
ed 123: Hmmm .... Agree, it must have looked to DNO that they would lose the vote. So, what next for DNO? If they want the whole of Faroe, then they need at least one other major shareholder on-side, imv. That way, they could launch a hostile bid with a supporting letter of intent from another, say 5 or 10% shareholder. At what price might Blackrock or whoever, nod to DNO? Oda to come on-line before the year end? Further exploration drilling ahead. Brasse/Extension may prove to be bigger than current estimate? Share price, arguably, might rise to 170p in year's time without a bid. Will DNO be kicking themselves in 12 months time for not offering 200p now?
bountyhunter: This is why DNO want FPM: *from the latest presentation Any guesses what the share price may be at 50,000 boepd should we remain independent (based on today's oil price)? Current production guidance for 2018 is 12,000-14,000 boepd.
ed 123: Good post, Rally_no. :-) I've given you an uptick. I'm a shareholder in Faroe and it's good to hear of the successes and progress of DNO. I (and I think many others too) would sell out of Faroe at the right price. So, would it be better for DNO to wait perhaps a year? During that year DNO would receive much more cash and presumably its share price would grow. A year from now DNO could issue fewer shares to acquire Faroe? So, why not wait?
bountyhunter: #1153 The share price has risen due to positive newsflow and the increasing oil price as well as the possibility of a bid, which is why DNO could possibly be successful with just a 33% premium rather than the more usual 40%. FPM will do just fine without DNO in the medium to long term so I'm not at all fussed if DNO don't come up with a decent bid and the share price drops back a little. If FPM didn't have potential then DNO wouldn't be interested - I'm very happy to keep my holding here for the longer term and have every confidence in the current FPM management BoD to significantly increase shareholder value medium to long term regardless of any short-term DNO blip. By the way I'm not implying that FPM shouldn't have a working relationship with DNO provided DNO can accept that they are not about to be handed the company on the cheap.
mirabeau: For your assistance - Final 3 paragraphs of today's IC - - 'The UK group finds three other faults with the offer: its inconsistency with the practices of Norwegian oil operators and the concept of an independent board, little detail on how it would improve corporate governance standards, and a lack of board-level representation from any of its other shareholders since a 2003 initial public offering. Faroe also says “a significant number” of its major institutional shareholders have expressed their disapproval of a board-level role for DNO or its directors. IC View: There can be little doubt that DNO feels confident about a showdown. For one, the company has previous – having merged RAK Petroleum with DNO in 2012 via similar means. Second, its cash generation is surging thanks to better-than-expected production at the Tawke field in Iraqi Kurdistan. Still, the consensus is that the Norwegian group isn’t about to drop £500m on the shares of Faroe it doesn’t own – a figure that would imply a 28 per cent premium to the current share price. “We expect DNO to bid for Faroe after the standstill agreement expires [around 4 October],” said analysts at RBC, adding that DNO “may bide its time…as Faroe’s stock trades sideways”. This fight looks set to run, and the early indications are that hopes of a premium bid may be frustrated. Hold at 148p. -
harry rags: Doubt it very much"Faroe is currently confirming whether the purported requisition has been validly served. Once that process has been completed, formal notice of a General Meeting to consider the Proposed Resolutions will be despatched to shareholders.In the meantime shareholders are urged to take no action."Still waiting in the Maranda time the share price is ticking up nicely
oto1: DNO's Kurdistan operations is going very well, and we may actually see an export of 150k boed at year end. That is up from 106k/d in average 1h, and current production of 121k/d. So share price in DNO I believe has just started. In our "community" we all believe that there will be an offer for Faroe in November, either all cash or partly DNO shares to those who prefer that. I would prefer having the settlement in DNO shares, but guess it is equally difficult to trade shares at OSE for UK shareholders, as it is for Norwegians to trade on LSE/AIM. This will be some interesting months. PS: DNO's cash position is definately building each month, and an all cash offer is within reach. DNo also currently hold 35 mln own shares.
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).
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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