Ophir Energy Share Discussion Threads

[nav_mike] 17/2/2016 16:28

Jeez wept....how old is that article?

[jotoha2] 17/2/2016 16:22

Now who told you that bit of juicy news.

[wantmorethan24p] 17/2/2016 16:09

this will eventually be taken out.


exxon is the favourite.

[wantmorethan24p] 17/2/2016 15:59

from yonks ago.could they come in now???




Growing gossip that Chevron is sniffing around Ophir Energy helped shares of the oil and gas explorer put on 4.3p to 324.3p.
Dealers heard whispers that the California-based multi-national energy corporation could be looking to take a significant stake or make a full-scale cash offer for the company whose African assets are said to be worth in the region of £10 a share.
Ophir plummeted 20 per cent during one disappointing session recently when the board admitted that it had not made any progress on a farm-out deal and that its drilling plans had been delayed. At the same time it reported an interim loss of £12.5m but said it had cash on the balance sheet of £313m following significant fundraising in the six-month period.
Trading trends: Dealers heard whispers that the multi-national energy corporation Chevron could be looking to take a significant stake or make a full-scale cash offer for Ophir
Trading trends: Dealers heard whispers that the multi-national energy corporation Chevron could be looking to take a significant stake or make a full-scale cash offer for Ophir
Undeterred, broker VSA Capital reiterated its buy recommendation and target price of 710p. It expects Tanzania to be at the forefront of liquefied natural gas developments in Africa, ahead of Mozambique and probably Equatorial Guinea.
Ophir needs to find billions of dollars from somewhere to build liquefied natural gas terminals to ship the gas to market. It therefore is desperate to farm out some of its Tanzanian and Kenyan interests or find a ‘friendly̵7; international major to swallow it lock, stock and barrel for a premium price.
With all the major energy companies hellbent on increasing their exposure in Africa, dealers believe there is every chance that should Chevron make a move for Ophir, Exxon could very well have something to say about it

[jomac2412] 17/2/2016 15:42

Mike
Agree they should shine through in the end , just that since the announcement the stock has declined approx 14% and is hovering near all time lows ! whether its just one seller or more who knows as we haven't had any holdings RNS's to let us know and short interest appears to be very low to non existent at the moment . Anyhow hopefully the value will out but im totally uninspired with the performance at the moment .

[nav_mike] 17/2/2016 15:15

jomac

Maybe - but more likely is the fact that we still have our persistent seller (Sailing Stone Capital LLC).

Watching the SETS book on level 2 is a bit depressing these days so I only look at it every now and then to confirm our seller is still there.

Bought a few more in batches around 76 if only to average down. OPHR's safe balance sheet is probably too dull for those looking for an oil price recovery, but I ultimately believe their lack of net debt will shine through in the end.

They were 90+ not so long ago without the advancement of Fortuna.....we shall see

[wantmorethan24p] 17/2/2016 14:53

this one wants to blow but the seller stopping it.

[wantmorethan24p] 17/2/2016 14:52

windjammer

another bowleven but with actual production.

[w1ndjammer] 17/2/2016 14:27

24p

its another Bowleven

WJ.

[jomac2412] 17/2/2016 14:11

Once again Ophir not joining in the rally even though it is probably one of the best positioned in the sector , even all the indebted dross rallying ! perhaps the market totally uninspired by the recently announced Schlumberger deal :( !

[wantmorethan24p] 17/2/2016 13:28

come on this has not joined in the rally.

[wantmorethan24p] 17/2/2016 13:28

one of the only shares listed on the main market which has net cash after its debts are taken into account.

[wantmorethan24p] 17/2/2016 13:20

w1ndjammer


am in here now.this share is less volatile(one of the safest oilers about) so my monies parked here for time being.

[w1ndjammer] 17/2/2016 12:39

24P

how you doing any money left, missing you over at GENL

WJ.

[wantmorethan24p] 17/2/2016 12:33

must be a big seller in the background hence no big movement upwards.

[eastbourne1982] 17/2/2016 12:04

These were 90p at the start of Feb, from 75p to 90p is 20%, I'll settle for that within 4 - 8 weeks.

[w1ndjammer] 17/2/2016 12:00

you will do no good here, until sailing stone capital have finished selling....

WJ.

[eastbourne1982] 17/2/2016 10:47

To be fair it has held up well during the last 6 months considering oil has fallen from circa $45 a barrel to around $28 - $30 a barrel.

[jotoha2] 17/2/2016 10:18

Spot on eastbourne, have traded it 4 times in current range, only concern is that it's giving us lower lows each time, will it break through 110 to show new direction.

[eastbourne1982] 17/2/2016 09:58

TaurusTheBear,

Regarding your final point, I have positions in BP, Shell, Lamprell, Hunting and Amec Foster Wheeler, OPHR was my latest addition, I have been watching this for a week or two and couldn't resist at under 75p.

[eastbourne1982] 17/2/2016 09:39

I've traded BP a lot recently, currently got a position from £3.11 (bought last Thursday) which I top sliced yesterday at £3.47.

OPHR offers plenty of short term trading openings as well, look at the 3 - 6 month chart, trades between 75p and £1, you could have made 15% - 20% several times by buying around the 80p mark.

As for the future who knows but given the low price of oil the risk / reward stacks up nicely when considering investing in oil companies with decent financial positions.

[taurusthebear] 17/2/2016 09:21

With oil, companies like BP. and TLW see short-term, tradeable, bounces.

It seems more likely that companies like OPHR would only show a decent share price recovery (from here, over a quid) if a POO recovery looked like it was more than a short-term bounce. Which, as others have said elsewhere, could happen at any time, given an unexpected agreement among major producers.

But, in that case, wouldn't a high tide raise all ships? So why is OPHR a preferred punt? :0)

[eastbourne1982] 17/2/2016 09:06

Just bought some at just under 74.5p, some for a short term trade with a target of 85p - 90p, will also hold some for longer term when the price of oil will inevitably recover.

[nigelpm] 13/2/2016 16:36

On the contrary for me ophr has everything here. Strong balance sheet so won't go bust. Great upside if poo comes back fast and a brilliant management to take advantage of opps as they occur. Agree that it's not seen as exciting but value is never about excitement. This price is insane as long as there's some poo recovery.