Share Name Share Symbol Market Type Share ISIN Share Description
Ophir Energy LSE:OPHR London Ordinary Share GB00B24CT194 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.40p +3.37% 43.00p 42.80p 42.95p 43.10p 41.10p 42.90p 2,813,619 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 139.6 -47.7 -11.7 - 304.06

Ophir Energy Share Discussion Threads

Showing 5151 to 5174 of 5175 messages
Chat Pages: 207  206  205  204  203  202  201  200  199  198  197  196  Older
DateSubjectAuthorDiscuss
15/10/2018
20:10
They are more optimistic than me … I have assumed fortuna worthless. I think there is value here td
thedudie
15/10/2018
18:04
Its still 80p - they still have some risked value for fortuna.
ohisay
15/10/2018
14:46
UBS re-iterated buy today apparently. Not sure what target they have now - was 80p a while back ? td
thedudie
15/10/2018
12:24
Nice here innit..
ohisay
12/10/2018
20:40
The Kosmos farm in - EGhttps://www.offshore-technology.com/news/ophir-farms-equatorial-guinea-exploration-licence-kosmos/
arteespresso
12/10/2018
20:37
The 40p has been holding well, especially this week. Volumes still high, and by my estimation if Capital are still selling st the same rate, by end of next week I feel they'll have disposed of nearly all of their holding. Regarding Fortuna, my views are on the basis of whether both parties feel this is the right fit (Ophir/Golar and EG gov). If they do, and the latter believe with the new management Ophir have the ability to drive this project through, then EG may be amenable to another extension. If not, then stripping Ophir at year end will be on the basis that they readily have a major with the funding to proceed. That is a big IF in my view, and one has to look at the other majors in bidding for blocks in the last round, for example Exxon are one option. However, Ophir are also involved with Kosmos in EG, and the question would be, should the EQ gov strip them of the licence, I do not think they will have any incentive to stay.
arteespresso
12/10/2018
18:41
To my untutored eye it looks as if there is a platform built around 40p for most of this week, and the share price resisted the midweek panic which affected everyone else. (Unlike most of my investments.) Oil ended around $80 which looks neutral (-ish). Listening in to arteespresso #4957 above (" ... should something get sorted out with Fortuna, then this has the potential to increase in value significantly with a prompt re-rate"), I share that view. Until there is certainty one way or the other on Fortuna any shorters would be taking a big risk. I'm curious that ohisay's rumour has Ophir bigwigs in Frankfurt and not EG last week. That would suggest the race is to get the outline of a deal in the nearly three months before the licence lapses, and thus make it hard for EG to take it away. Summarizing recent holdings RNSs - August 16, Sailing Stone declared themselves below 3% reporting threshold - Same day, L&G made initial declaration of 5.15% - presumably adding SS's sales to an existing position - September 14 Capital Group declared down from 10.35% to 9.86% - October 01 Capital Group declared down to 4.7% (5.16% below 14/9) L&G has not declared an increase, no-one has. That's odd. What happened to CG's shares?
wbodger
12/10/2018
12:38
Yes, great long term investment in my view. Good volume and a slowly slowly increase. Will just sit and patiently wait, the fundamentals are there, just a case of patience.
arteespresso
12/10/2018
12:29
Quietly been buying. Fantastic long term buy.
mreasygoing
11/10/2018
07:49
Could be back to 38 today
ammu12
10/10/2018
21:52
Quite possibly but volumes have come off a lot.
nigelpm
10/10/2018
21:39
Capital group disposed of nearly half their holdings in approximately 2 weeks, from 9.8-4.8% holdings. Assuming roughly the same disposal rate, looking at just over 2 weeks from the 1st Oct, so potentially not too long to wait.
arteespresso
10/10/2018
18:48
Seller still there - don't expect any decent movement until Capital are gone. I'm assuming SailingStone are done now.
nigelpm
10/10/2018
16:24
Yes Ed I agree . I previously posted the transcript of the interims but here is the video. It is pretty clear from the body language if nothing else that they are very much after a Fortuna deal. http://webcasting.brrmedia.co.uk/broadcast/5b928ac2536de5205c9e5249/5b9a0e3a4a61c3191e000491
ohisay
10/10/2018
14:06
.... and another uptick. Offer is now 41.55p. Someone continues to supply shares but wanting a little more for them. Ohisay and Areespresso, I think we three are in agreement here. Fwiw, I bought a reasonable holding in the high-30's. Waiting now for the Fortuna news. If it's good news, then almost certainly my shares go up in value. If it's bad news then likely a dip, which I may buy into (subject to pricing and other opportunities). So, for me, it's sit and await events.
ed 123
10/10/2018
12:59
Ed, the Fortuna outcome has now been effectively managed by the board. Who knows where the price will go. I personally see it dipping around mid 30's. The value is in the production and low cost base, and this is where people are missing the trick. Anything else is a bonus in my view, and should something get sorted out with Fortuna, then this has the potential to increase in value significantly with a prompt re-rate. The million dollar question, and one for new investors, is irrespective of Fortuna, does this present good value??? In my view it is an undoubted yes!
arteespresso
10/10/2018
12:46
HI Ed maybe but as I said in my earlier post if it dipped sub 40p it would be bought back pretty quickly .Its just not that expensive atm as this table shows https://pbs.twimg.com/media/DpI3gGTWwAAtKm_.jpg
ohisay
10/10/2018
12:38
Ta, Ohisay. Some more buying interest is evident on the order book too, the last 50 mins or so. Sector is doing well on >$80 oil. Stating the obvious, needs the two big sellers to finish and maybe then it will rise further with the oil price? I suspect it is being held back by fear of a bad Fortuna outcome. Who would buy now when it could be cheaper in 2 months time?
ed 123
09/10/2018
08:55
Just given the first technical buy signals (on the indicators I use) since early March FWIW.
ohisay
07/10/2018
18:39
Although nearly a month old, came across this. Things are moving w.r.t Golar, potentially an interesting few months.https://www.hellenicshippingnews.com/keppel-contractor-eyes-chinese-yards-for-future-vessels/
arteespresso
07/10/2018
06:09
Tanzania just keeps shooting itself in the foot.. http://www.theeastafrican.co.ke/business/Tanzania-cites-bias-as-it-changes-laws-governing-arbitration/2560-4763234-timkl6z/index.html This is designed to end suits by foreign investors before international arbitration bodies. The move comes in the wake of Tanzania’s recent loss of an appeal before Washington-based International Centre for Settlement of Investment Disputes (ICSID), where the Tanzania Electric Supply Company was ordered to pay Standard Chartered Bank $148.4 million for a breach of a power contract.
ohisay
06/10/2018
15:17
As Ohisay has said, the market most probably views Fortuna as a lost cause, however I feel the market will react to confirmation of a 'no deal' with short term drop in price. What is the main attraction, the Santos deal to combine with the assets when salamander was bought out. We are no a producer in Asia, with the potential to increase production. The added bit of excitement, effectively zero value attached, Fortuna and Tanzania. Should anything ever come of the latter (shell/pavilion/ophr) all have an interest, then the potential of Ophir May become unleashed. A few years ago, Ophir was top heavy with wild cat drills and commercial finds yet zero production. It was effectively a money pit, although managed to sell 20% of its Tanzania block to pavilion, there needed to be a point where it changed course. The purchase of Salamander was an initial step, the Santos deal is further confirmation of where the board wishes this once explorer to evolve into.
arteespresso
05/10/2018
19:17
Ohisay: thanks for your reply. Sounds encouraging - limited downside and a lot more upside. I hope to buy some more next week but can see this running away fairly quickly .
roth
05/10/2018
17:00
I am new to Ophir and from my research to date it does now look undervalued. The thing hanging over it is, of course, Fortuna and what happens there over the next few months. Assuming the worst and a further $300m had to be written off, does anyone have a view on the extent to which this is already in the price or would a complete write off see another dramatic fall in the shares?
roth
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