First Calgary Petroleums Share Discussion Threads

[kalkine media uk] 14/4/2021 09:35

Fremont Petroleum Corporation Limited (ASX: FPL) explores and develops natural gas and crude oil and serves customers in the United States and Australia. ASX FPL is led by Mr. Timothy B. Hart (MD & CEO). The company has a registered office in Sydney, Australia.

[vig009] 14/8/2014 01:55

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[sat69] 09/10/2008 20:11

Looks like we will be opening a tad higher tomorrow.

[baracus61] 09/10/2008 19:42

Hmmm....let's hope for the first outcome!

[sat69] 09/10/2008 19:34

Bar,

Dealing continues until the final date when the agreed takeover takes place. Even now, a counter-bidder can emerge, causing the share price to move considerably higher. Conversely, somehow the deal could break if (say) the funding that was arranged is no longer available.

sat

[baracus61] 09/10/2008 19:24

I don't know the first thing about takeovers, but surely once the deal is confirmed share trading would cease?

[baracus61] 09/10/2008 19:24

I don't know the first thing about takeovers, but surely once the deal is confirmed share trading would cease?

[cagr] 09/10/2008 19:14

looking as though the mkt doesnt believe that this is going through...

[sat69] 09/10/2008 17:53

I thought I'd switched the lights off in this room too!

Just like in the BGY thread (EDF takeover agreed) they have started moving dramatically down. I guess the only explanation is that sellers need the money to fund margin calls etc, in which case this is easy money to buy in now. (Possibly the same easy money as BGY?) Surely the bid won't fail here or BGY?

sat

[baracus61] 09/10/2008 17:26

I thought they'd been bought....why is the price still moving?

[jonno1] 11/9/2008 08:14

you would have thought that Repsol would have another look at least,... this is at the end of the day a great addition for an established Oiler, I would have thought that either Shell or BP should take this opportunity with all the grief they are having with the Ruskies, why not decamp to safe and politically stable Algeria !!!
It's got to be cheaper, and far bloody easier than going to the South Atlantic...

[mattybuoy] 09/9/2008 12:23

Maybe it's too early to switch the lights off just yet.

Kroupeev thinks there is a 50-50 chance of another bid emerging.

[bobobob5] 09/9/2008 08:39

Perhaps the key difference between Waterford's investments in FPL and EEN is that Emerald was quite quickly able to substantially increase its production, and hence fund (with a bit of fund raising, supported by that production) its E&P work.

[sat69] 08/9/2008 17:58

It'll be time to close this thread down soon. Last man out please switch the lights off! :-)

[captainfatcat] 08/9/2008 17:31

Sad to see the saga here finaly over. One wonders how much they have been struggling to raise the developments funds required.

[baracus61] 08/9/2008 17:09

4 posts all day! Quite a loss for me, but am strangely releived. Good luck with future investments chaps.

[bobobob5] 08/9/2008 11:24

It was their money that got FPL's Algerian work going in the first place, which is imo why Waterford were so p*ssed off with the way that things developed after The Sale That Never Was debacle, when the share price was over ten pounds... they're showing a good profit, but not as much imo as it ought to have been. They're actually done better on EEN, and there's still a long way to go on that beauty.

imho DYOR etc

[7kiwi] 08/9/2008 10:09

What price did Waterford invest at? Are they underwater or making money at the offer price?

[bobobob5] 08/9/2008 10:06

Sold to the man with a fistful of dollars! Probably the best outcome imo.

[lonrho] 05/9/2008 20:34

up 22% in canada at 3.55.Should be a large gap up at the open on monday.

[jonno1] 05/9/2008 12:11

Anyone else see this post from last week? notice they haven't reposted unfortunately, looks like that info was for real, managed to pick some up at 89.9p last week

"Hoots Mon - 21 Aug'08 - 08:55 - 960 of 985

According to a broker friend of mine, the financing is in place and two bids have been tabled and rejected, one at $3.50 and the other at $4 both made last week."

[bobobob5] 04/9/2008 15:35

hiddendepths; it would be interesting to compare the current market cap. with the equivalent figure when the earlier Repsol/whoever deal went all pear-shaped last time. This would tend to remove at least some of the distortion of the dilutions. bob

edit: it was close to £2 billion at the peak. Hmmmm....despite the 'rise', it's still at only some 20% of that, and there's also the high gas price factor to take into a account.