Lekoil Share Discussion Threads

[foxx999] 01/12/2014 11:22

This is what you said...."Well Afren need $80 oil plus to be worth the current market cap"The price was 51p when you said it, but RBC say that at $80 the NAV is 76p. You've changed what you said... You're now saying according to RBC Afren are priced according to the current oil price - fair enough, but you didn't say that - you said $80.Btw, Afren don't sell US light crude - the product they sell is at a premium to Brent.You purposely try to mislead people that's what you always do. I'm fine with it, Just making sure people know you're game as ever.

[bhoytrader] 01/12/2014 11:17

Why are you quoting the US Light Crude price when the report is in Brent?

Hard to take much from that report to be honest as I've no idea what their 'model' is. Doesn't seem to take into account the fact that they are well hedged until the end of 2015 nor the ramp up in production for their existing assets.

[ngms27] 01/12/2014 10:49

OK I got the name wrong from memory but the content is correct.

These are Afrens Tangible NAVs at different POO's

$60 17p
$70 47p
$80 76p

When published Afren was trading at 56p

US light crude is currently trading around $65 making Afren's NAV somewhere between 17p and 47p and is currently trading around 48p

Please tell me where I have misled anyone?

[foxx999] 01/12/2014 09:56

No. Especially as I have just read it. It's RBC not RBS. And it says NAV at $80 oil is 74p a share (currently trading at 46p). You're full of it ngms, everyone knows it.

[ngms27] 01/12/2014 09:42

Well I've found the link: hxxps://rbcnew.bluematrix.com/docs/pdf/f3ee6b98-21a0-45fd-b3d3-ab95aca9797e.pdf?

Now do you believe me?

[foxx999] 01/12/2014 09:33

Don't believe you ngms.

[ngms27] 01/12/2014 09:01

It was in a note published by RBS last week

[coxsmn] 30/11/2014 17:02

Ngms27, why 80? Doesn't sound correct and why 5yrs? Did you make this up or otherwise could you publish link to this info.


"In 2016, when OPEC completes this objective of cleaning up the American marginal market, the oil price will start growing again," Fedun said, as quoted by Bloomberg. "The shale boom is on a par with the dot-com boom. The strong players will remain, the weak ones will vanish," he said."

[ngms27] 30/11/2014 12:31

Well Afren need $80 oil plus to be worth the current market cap.

I doubt that any decision will be made to get this into production until the oil price situation resolves it's self. 5 years perhaps?

[swooped] 26/11/2014 19:09

A nice candlestick chart. Looks like a healthy bit of consolidation and a bounce of the 20 day sma, macd rising and 14 day RSI still oversold, looking good for a leg up now.

[oil man] 24/11/2014 22:08

Yes I agree Think next year will be explosive! 50p 60p short term will fluctuate
there for a while then boom! Great 6 month view for gains at these levels.

I like this thread nice and quiet think the big boys will load up once oil
reaches $85 to $90 Strange game although Lek are not a producer they get treated
like one so I feel the drop is down to what had happened with Afren jittery
markets and the decline in oil prices presents opportunity.

However, this is only my trading batch have 20k core holding I should have sold
Top sliced in the 60`s but keeping the 20k throughout unless things really
change. My plan is to sell the 25k at a tidy profit or get 7700 back with free
shares..

Will see how it pans out but great value at these levels.

If PPC come good on the brink of company changing news if successful will load
up here big time providing she does not run away.

250k at 40p thats some lolly. :0)

[swooped] 24/11/2014 20:32

OM, A fair way to go yet, may have the odd stumble on the way but this will be in the 50's then 60's short time imo.

Interesting trade there at close, 16:32:20 - 250,000 BUY....nice someone feels confident.

[cudmore] 23/11/2014 23:03

Keep an eye on TPT!

[oil man] 23/11/2014 22:21

Thanks Swooped was chuffed at 31.25 will hold now into next year

[swooped] 22/11/2014 19:59

Nice rise, not surprising though, on the basis that we had hit double bottom so if nothing else we should have seen a technical bounce, additionally we are now very undervalued, in fact our gross 2C oil resource estimates have grown 57.6% to 56.75 mmbbl since we were at a higher valuation than today, additionally time is passing and thus we are closer to the Otakikpo field development for production, thus cash flow is now a closer realisation. We are also at a lower price than that at which the funds bought in, all these factors will give rise in IMO to an increase, at the moment we are just in a 'playing' cycle and I will not be surprised to see some bigger buys come in with the inevitable holdings RNS to come as funds realise the above also.

The 78% fib will be the first major target on its way back up at 48.4p

[swooped] 21/11/2014 10:45

OM nice buy

[oil man] 20/11/2014 20:42

Can`t seem to find the trade though oh well not complaining ;0)

[oil man] 20/11/2014 20:38

Well came home to find my buy order got bought for me well happy with that

20/11/2014 LEK.L LEKOIL LIMITED ORD USD0.00005 (DI) Bought 24,841 7,770.00
84214L14976

[foxx999] 19/11/2014 14:27

Where's that Chrisoil fella with his blog - update? I guess as its a loser so far... he'll sweep it under the carpet and never mention it again....

[swooped] 19/11/2014 13:30

I get "greed" in the current climate but greed has ALWAYS been a part of the stock market, not so sure about fear, fear of what another meltdown? that fear has been bandied around for 5 years and what have we seen, the US 30 at an all time high the DE 30 close to it, the UK 100 moving back into this same territory also, I don't se fear but I see one hell of a lot of greed, the bottom line is Lek at this price is seriously undervalued even with the oil price at a 4 year low.

[boxerdog1] 19/11/2014 12:22

"fundamentals and common sense" not the currency in this present climate its "fear and greed" until the tables turn so I appreciate your ouestion OJ.

[coxsmn] 17/11/2014 19:15

Ojh2kent, based on fundamentals and common sense

[ojh2kent] 17/11/2014 11:08

" strong rally is likely over the coming weeks."
based on what coxsmn?