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
  -1.80p -1.38% 129.00p 1,283,227 16:35:11
Bid Price Offer Price High Price Low Price Open Price
129.00p 129.40p 133.00p 128.80p 133.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 152.92 -13.74 -3.10 481.0

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Date Time Title Posts
16/11/201812:26FAROE PETROLEUM - Oil and Gas E&P in Norway, UK and Ireland1,373
04/7/201816:04FAROE PETROLEUM - Big Exploration Acreage - Big upside?8,088
19/2/201510:51L2 - Observations, comments and screenshots1
15/8/201407:49BUY in Faroe Petroleum(FPM)1

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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 130.80p.
Faroe Petroleum has a 4 week average price of 122.40p and a 12 week average price of 122.40p.
The 1 year high share price is 177.20p 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 1,349,975 shares. The market capitalisation of Faroe Petroleum is £481,027,703.97.
jasper2712: Unfortunately it hasn't evened itself out on the share price. We are still substantially down if we consider the fall over the last 2 weeks.
ed 123: Had a quick look over my shoulder. Since the oil price lows of 2016, the share price growth of Faroe and DNO has been virtually identical. I don't think DNO shares will be welcome in any bid, unless at a generous premium. Faroe's planned production growth should see its share price continue to grow (assuming the oil price holds up). (Happier head today.)
harry rags: Ed123I still think 200p is at this point is a reasonable offer. I expect the share price to recover from yesterday's close and with any exploration success this could be back to the highs of a few days ago. The longer DNO take to make a bit the greater possibility that a rival may appear and then who knows where we will finish up. Still holding and hopeful all of course IMHO
ed 123: Yes, I don't think Agar/Plantain is going to move the needle much. Down another 7p or a little under 5% today. Now down 20p from its high point of a few days ago. Some of the hot money which had been expecting a bid on the 6 month anniversary, leaving? If the share price falls a bit more it might help to get a deal over the line? Perhaps a 30p bid premium if the price falls to 150p? Might 180p get the nod from one or two major holders and DNO?
jasper2712: "Would DNO attempt a bid from such a high point" The share price is now all relative to its true price. DNO know this. They scooped some up on the cheap - who were the ones who sold out at the 125p? The value of what is in the ground and the potential of 35000bpd in a few years time surely makes it nowhere near its "high point" When Faroe raised cash it was to extend its asset base which is now adding value to the company -they didn't raise the cash for their operations which have always been fully funded
corrientes: This share price movement has all the look of a takeover approach to me. I've seen this type of ascent,even in bear markets. The Market is the consensus of views and is rarely wrong IMO. The oil price is a catalyst, but I don't think its the main impetus at the moment.
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.
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.
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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