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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
  +0.60p +1.35% 44.90p 45.10p 45.40p 45.35p 43.15p 43.15p 1,229,191 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 139.6 -47.7 -11.7 - 317.54

Ophir Energy Share Discussion Threads

Showing 5926 to 5950 of 5950 messages
Chat Pages: 238  237  236  235  234  233  232  231  230  229  228  227  Older
DateSubjectAuthorDiscuss
18/1/2019
11:03
Another 0.5m for them - taking them to 8.25% - surprised they didn't have a chat with Capital and SailingStone last year when the share price was in the high 30's!
nigelpm
17/1/2019
18:29
Going to make an assumption that "Azvalor Asset Management" don't want to be taken out of their investment here cheaply. They've gone from 7.82% since 4 January to 8.181% on the 16th.
nigelpm
17/1/2019
17:34
Ophir should retain other assets and sell them off piece meal.... If Medco are not going to ascribe value to the assets why should shareholders gift them the same - INSANITY.....
ashkv
17/1/2019
17:33
Ed123 don't agree with your analysis, today BLVN went ex-dividend returning a large portion of cash and keeping exploration assets that market is minimally valuing. Ophir should similarly sell off Asian assets if Medco is willing to pay a fair price of 60p per share for the same. Petrus's valuation even in low case assumes a $60 average Brent price which is below market consensus in the $70+ range. Highly highly undervalued that is why smart/fast money is adding here. Medco might go away - on its own merits and an upward drift in oil - combined with some news on portfolio front Ophir could easily double from here in 12 months. Morgan Stanley had a target of 90p prior to withdrawing the same as it is serving as Ophir's advisor. DONT SELL AND BUY MORE - FOLLOW THE SMART MONEY. OPHIR's LARGEST SHAREHOLDER -> Hotchkis & Wiley 13.7% have added several % over the past few weeks. READ UP ABOUT THEM. THEY ARE LOOKING FOR SERIOUS UPSIDE NOT A FEW % LIKE SOME WOULD LIKE US TO BELIEVE... BRENT IS UP 20%+ FROM 18 month low. Medco are opportunists - they don't own any stock.. They will have to pay up or get lost....
ashkv
17/1/2019
17:25
Well they increased by 800k yesterday so 2 mil in the last 2 days. Thin volume today though.
prefab
17/1/2019
17:01
Just because Medco is not interested for Ophir's other assets doesn't mean Ophir will value it as zero. Anything less than 70p is daylight robbery
ammu12
17/1/2019
16:38
Looks like Azvalor have been buying .... just hard to know how many. That'll be another replacement Form 8.3 to be issued.
thedudie
17/1/2019
16:09
I suspect the Ophir portfolio is just too widely spread for many purchasers to allocate what the management and maybe shareholders would see as fair value. Medco are probably not interested in the exploration where Petrus have (bullishly) pinned significant value to. Medco's offer price seemed to be directly affected by the slide in the oil price. Brent was around 52/53$ at newyear. They can probably nearly justify 55p now ... just on the rebound in oil.
thedudie
17/1/2019
15:26
Yalo. In short, a buyer will only be willing to pay for what they are certain to get. So, the mid and high cases of Petrus can be forgotten. What saving any buyer can make is their own business and could hardly be added to the value of the assets, so that can forgotten too (unless a competitor comes along - in which case a fuller value could be realised). I can't see any value in Equatorial Guinea, so delete that. Finally, there needs to be some discount gain for the buyer, or what's the point in them bidding? So, I have 66p per share SEA, plus 1p net exploration, minus 8p corporate = 59p. The buyer needs some gain, so for a value of 59p, a bid of 55p would seem fair.
ed 123
17/1/2019
14:58
How can a bid at 55p be fair? They state that talks for the Asian assets alone can start at 60p.
yalo
17/1/2019
13:23
The Petrus note is very helpful. Thanks to whoever. For me, this confirms two things: (1) That Petrus don't want to be long-term holders of Ophir and (2) That a bid of around 55p would be fair. Would Medco be willing to go this high and would this be the best that Ophir's holders could expect? (1) Who knows and (2) Probably not. As has been intimated, the route to maximising returns for Ophir's holders would likely be to sell off the non-SEA assets to other parties, then sell SEA to Medco or whoever. This route may achieve, say, 60p per share? If there is no Medco bid, we will presumably see the results of Ophir's talks about asset sales and farmdowns. That will give further steers as the the ultimate value of Ophir Energy for its shareholders.
ed 123
17/1/2019
12:26
Well, I did wonder that in the letter by Petrus. I can not see how they think there may be the possibility of regaining the licence in E.G, as Ophir's statement did not imply that, although I haven't seen the letter from E.G as to the reasons for not renewing.
arteespresso
17/1/2019
07:34
Not only Tanzania they are still hopeful of extracting significant upside from Equatorial Guinea
ashkv
16/1/2019
20:10
China have made massive investments in Kenya & Tanzania, but they don't do it out of goodwill. I have personally seen Kenya change considerably in the last 10 years, with significant infrastructure projects, but don't be fooled thinking they don't come at a price. They do, and the East Africans are not stupid. They want to get the best deal for themselves, be it China or the major Oil Co's; playing the game and complimenting the Chinese is all part of it, and the government's way of getting Shell et al to sit up and pay attention. Your advice is wise ref don't invest here based on Tanzania, but to compare this to Fortuna is somewhat misleading; Fortuna was only really Ophir vs the government, with the obstacle funding. Tanzania includes major players, of which Ophir are just tagging along. What happens is ultimately what can be agreed between Shell/Equinor and the government; it's too big a find for even the majors to give up on.
arteespresso
16/1/2019
16:25
Thats more than enough.. Magafuli is the real deal ... "The Chinese are our friends, true long-time friends," he said recently while inaugurating a state-of-the-art library built with aid from Beijing. Chinese funds are provided without conditions, he noted. There are several good reasons to be here in Ophir but do it without Tanz ,,
ohisay
16/1/2019
15:49
The key difference in Tz, Shell, Pavillion et al are in the block(s), not just Ophir. If they don't progress, who else is going to come in. If the Tanzanian government withdraw the licence, can guarantee no major is going to touch it; yes may get the Chinese in as they are heavily invested in East Africa, but that's about it.
arteespresso
16/1/2019
14:19
Tanzania licences are all expired and continuing at the will of Msgafuli on an ad hoc basis .Kind of sounds familiar.?
ohisay
16/1/2019
12:49
Azvalor increase by 1.1m.
prefab
16/1/2019
10:26
Thanks for posting the Petrus notes.... a very bullish case being made there. Tanzania value appears key but tricky to value at this moment td
thedudie
16/1/2019
09:56
Also to note in Petrus's valuation - Low, Mid, High - a key component is a slight difference in discount rate for producing assets (Energy Market Environment), But not the level of Brent which is held fixed at $60 - PER OPEC MINISTERS THE BOTTOM OF THE BRENT TRADING BAND OPEC ARE TARGETING. Not counting the valuations for EQ & Tanzania - but for Asian assets the valuation seems low even in the high case as based on $60 brent with a 9% discount rate versus 11% for most producing assets.... 50% return from these levels if a realistic bid is made....
ashkv
16/1/2019
09:55
Separate from the asset valuation posted by Value Hunter - a DCF type valuation of Ophir by Petrus Advisers --> below is the letter they sent by Petrus to Ophir management. hxxps://petrusadvisers.com/media/letter_to_ophir_board_14_january_2019.pdf
ashkv
16/1/2019
09:51
hxxps://petrusadvisers.com/media/ophir_energy_update_january_2019.pdf Check this letter from a shareholder to Ophir board .... worth a read and highlights the serious value here. #deepvalue.
valuehunter1
16/1/2019
02:32
It's part and parcel of doing business in most parts of the world. In the US they call it "lobbying", in the UK it's the "old boy network"; where it doesn't have such euphemisms it's the trusty brown envelope.
steve73
15/1/2019
20:09
@Jotoha2 Not a fan of such bribery myself but concur it's part and parcel of doing business in Africa. Grew up in Africa myself
wbecki
15/1/2019
17:15
Please stop posting nonsense. It's absolute nightmare going trough everyday's posts and filtering your rubbish. Leave the comments to those who have something valuable to say.Thank you in advance!
yalo
Chat Pages: 238  237  236  235  234  233  232  231  230  229  228  227  Older
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