Heritage Oil Share Discussion Threads

[nigelpm] 26/2/2014 08:34

Must admit I'm surprised. Whilst the RNS was positive I didn't expect such a move up.

Took a few off the table.

[chopsy] 26/2/2014 08:32

There goes 240!

[chopsy] 26/2/2014 08:32

The long term chart is particularly interesting, plenty of space to fill up to 600...

[chopsy] 26/2/2014 08:31

Third on the leader board ATM...

[chopsy] 26/2/2014 08:28

Finally look like that breakout from the horizontal 120 - 220 channel is finished, with breakout to the upside.

[chopsy] 26/2/2014 08:26

So where does this put us on a 2P value in the ground? And how about a forward PE ratio? Nice to find out about the divi yield too. I guess some institutions that have not been quietly buying in the last few weeks will have to come on board now, especially the trackers.

[fangorn2] 26/2/2014 08:16

Yep, same here Mercury.
Still looking for a 300p exit myself -switch some to MMT, some to Soco.

[2hoggy] 26/2/2014 08:16

At last the old heritage is coming back.

[tongosti] 26/2/2014 08:11

I told you earlier we would be in double digits didn't i?!

[mercury123] 26/2/2014 08:09

Faith is finally rewarded - I have held these so long!

[fangorn2] 26/2/2014 08:06

Eh seriously, it's up 8% already...

[rjcdc] 26/2/2014 08:05

That's a long auction...

[rjcdc] 26/2/2014 07:25

A good rns at that.... 15600 barrels a day of premium oil net to heritage.. When did we ever use to think we might achieve that? Sounds like 20k bopd is doable in the near future.

Three liftings to date this year - that's over $100m of revenue to date with another $400m for the rest of the year...

Tax situation improved, which takes the overall value of oml higher too....

Only downside is oml deal complete, but then that's 100m back with interest on 70m... So good for cash balance.

All we need now is oml 29 to come off, Russia to be sold and a successful resolution to the Uganda tax situation... More news soon I reckon.

Oh, and a dividend on the way in a couple of months hopefully...

250 and ftse 250 coming by end of March....

GLA...

[tongosti] 26/2/2014 07:18

Excellent news especially on the tax front. Have to check the details when they will become available but the management is undoubtedly delivering on increasing production rates. Coupled with lower tax rates it should boost Earnings. No wonder HOIL are confident in introducing a dividend in the not too distant future. I just hope that further Nigerian acquisitions are not done via debt increase but rather financing them through internally generated cash funds. We should have more than about $250 million in the bank by the time the company announces end year results. I predict a 10% increase today:)

[saucepan] 26/2/2014 07:15

An RNS to get the share price moving?

[rjcdc] 25/2/2014 20:47

Am expecting 220 to be tested this week... Solid share price performance with no news.

[chopsy] 25/2/2014 17:18

Nice finish, slow progress in the right direction. No posts for days, nothing to say I suppose in advance of next news.

Gla...

[pinkalltheway] 20/2/2014 20:04

Have noticed the stock usually come off at the end of the day ... Very strange.. But up trend continues

[craig t2] 20/2/2014 19:56

Let Hoil have a breather.

[rjcdc] 20/2/2014 13:32

Spoke too soon...

[rjcdc] 20/2/2014 10:52

V positive that it continues to rise on a generally poor day market wise. Wonder when we'll hear the outcome of the licensing auction...

Or arbitration news..

Or any news for that matter. Not that we need it right now it seems..

[muscletrade] 20/2/2014 09:33

@Goofy, seems to look that way.