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
  -3.60p -3.27% 106.40p 463,602 16:35:28
Bid Price Offer Price High Price Low Price Open Price
105.60p 106.20p 109.00p 105.20p 106.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 94.8 -61.5 -10.5 - 390.11

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Date Time Title Posts
19/3/201817:01FAROE PETROLEUM - Oil and Gas E&P in Norway, UK and Ireland725
15/6/201715:51FAROE PETROLEUM - Big Exploration Acreage - Big upside?8,087
19/2/201510:51L2 - Observations, comments and screenshots1
15/8/201407:49BUY 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
2018-03-19 16:52:00106.5534,08336,314.24O
2018-03-19 16:40:37106.0540,36542,805.95O
2018-03-19 16:35:28106.4017,98319,133.91UT
2018-03-19 16:29:40105.60106111.94AT
2018-03-19 16:29:40106.001,4381,524.28AT
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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 110p.
Faroe Petroleum has a 4 week average price of 100p and a 12 week average price of 91.10p.
The 1 year high share price is 116.80p 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 303,967 shares. The market capitalisation of Faroe Petroleum is £390,108,141.36.
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?
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?
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.
rogerlin: Also mentioned by Simon Thompson in Investor's Chronicle "Importantly the fundamentals driving the oil price higher are sound and should support further share price gains towards my 115p target price, and perhaps beyond".
rogerlin: thedudie thanks for the link to the website results presentation. I like the slide 19 where the financial items have a short explanation beside each, helpful I find. Also a slide for the share price, nice to see some interest shown in this as while the company has progressed well in recent years, the share price sadly hasn't.
harry rags: Brent now $58 and no change in the share price, let's hope the interims come up with something good tomorrow to get the share price on the move
ed 123: Hashertu. I don't know anything about any possible placing. I'm just 'scratching my head' to explain the drop in the share price. When the share price has recently touched a high of about 110p, why would they issue more shares at 70p? It would be giving away some of the value held by existing share holders. I hope it's not something they're considering. It would be wrong, imv. But, if the Board have been taking soundings, it could be behind the drop. Do you have any explanation for what's behind the selling down to 75p? (Edit: Looked back at my previous post and made a tweak to the sentence you quoted. I think it reads better now. Also, I should make clear that I'm not in a position to know anything and, even if I did, I certainly wouldn't write about it. Nope, I'm just trying to work out what's going on. In the fullness of time, I guess there'll be rns statements. Hope that makes my position clearer.) :-)
ed 123: Ta, Bountyhunter. :-) Yasrub. I would watch the share price movement, especially if supported by good volume. Total number of shares reported as sells is not something I focus on. There is always a counter party to a sell, ....... someone buys every share that's sold. In the absence of news, Faroe's share price is responding to movements in the oil price. Website has been updated to show FIL's 5.14%. A second appraisal of Brasse is a possibility for Autumn this year. A thorough appraisal (including testing) leads me to think that Faroe may sell part of its interest. That would reduce its development burden. I don't expect that till 2018, when hopefully the oil market is showing signs of tightening and the future curve is looking a little better. Goanna is a committed well (for Q4 2017). That was quick. Licence was only awarded in January 2017. Anyone know the size of the target? Back to the share performance today, quiet 78.0/78.5p.
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.
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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