Ophir Energy Share Discussion Threads

[romeike] 12/4/2018 14:08

This is overdue a re-rate northwards. News on the long awaited funding would be most helpful now.

[jotoha2] 12/4/2018 13:25

Lucky boy , unlike Nigel and all those he encouraged to buy above £1 , will need mega good news to return to those levels.

[zcaprd7] 12/4/2018 11:35

It definitely popped up, come off 5% now... Still only at my breakeven mind.

[gersemi] 12/4/2018 10:58

FT-Alphaville - OPHR mention from 11-Apr


Barclays keen-ish in its latest oil thing.
Soundbuy Market reporters and their sheds eh!
BE

... which is refusing to open. One moment.
FATDAZ @mouselett where do you suppose that garden break point is in Sterling terms £25k nper annum and up or more
nichoman @Mouselet OXIG trading statement today
Mr Diamond AIQ Limited: cash shell, this looks weird
11:46 am
BE

A post quarter-end review of our valuation models and macro assumptions
(including a 9$ increase in our 2018E Brent assumption) has driven a 10$ average
increase in our sector price Targets. This, combined with diverse year-to-date share
price performance (ranging between -20$ and +19$), leads to several rating
changes under our relative rating methodology – Aker Bp (EFI from OFI), faroe
petroleum (uFI from OFI), Ophir Energy (OFI from EFI) and premier Oil (EFI from
uFI). FIith the coverage group now averaging implied returns of 20$ and estimated
to be pricing in a long-term oil price of $52⁄bbl ($17⁄bbl less than spot prices and
$11⁄bbl below the forward curve for 2019), we also change our Industry FFiew to
Neutral from Negative. A firmer oil price outlook, rising cash flows and increased
access to capital markets have eroded balance sheet concerns. This in turn is
allowing investors and sector management teams to focus on forward plans for new
developments, rather than budget cuts and debt covenants. A continuation of $65-
70⁄bbl oil should generate further upside to debt-levered producers, but we see the
greatest value opportunities in those stocks where asset-specific risks are causing
investors to remain cautious: ¢airn Energy (Indian tax arbitration), Ophir Energy
(fortuna fLNg sanction) being two clear examples. The larger, more liquid
European E&ps with high-quality assets (Aker Bp, Lundin petroleum, Tullow Oil) all
trade at a premium to the broader peer group. FIhile we believe this is entirely
rational, we feel relative outperformance for these names depends on the extent to
which investors’ risk appetite prompts a re-allocation from the European Integrated
Oils in search of greater growth and commodity price leverage.

[zcaprd7] 12/4/2018 10:55

There was an upgrade by barclays? But that doesn't normally lead to 10-15% jumps...

[nigelpm] 12/4/2018 10:52

Got that feel about it - big buying all of a sudden. I'd expect at least 90p if it is though so perhaps just rumours.

[zcaprd7] 12/4/2018 10:51

Looks like it...

[nigelpm] 12/4/2018 10:44

something leaked RE: fortuna?

[nigelpm] 12/4/2018 10:31

Market catching up....slowly...

[fangorn2] 11/4/2018 11:41

Agreed Nigel.

Oil space looking to rerate imo

Saudis want $80 for Aramco IPO. Wont be investing in that one however.

[nigelpm] 11/4/2018 09:37

ha - brilliant. With oil at 70 bucks got to think this has seen the worst now.

[jotoha2] 11/4/2018 09:06

Well of course this companies share price was around 600p not so long ago , so its only a ten bagger from that level , come on Mr Cooper spill the beans wink wink.

[fangorn2] 11/4/2018 08:56

If only eh!

"Barclays Capital today upgrades its investment rating on Ophir Energy [LON:OPHR] to overweight (from equal weight) and cut its price target to 7500p (from 8500p)

Typo price target wise unfortunately.

[badger60] 06/4/2018 13:28

Yep.....I reckon that Pavilion are asking themselves wtf they paid $1.3bn for ........with less gas produced than a match flared fart to show for it 5 years on .............

[jotoha2] 06/4/2018 09:16

Badger , Tanzania is only worth what someone is prepared to pay for , I belief they still retain a nice junk , which based on the last sale has to be worth a lot more than £100 million . Time will tell , not long to wait wink wink .

[badger60] 06/4/2018 08:29

It's amazing how many Muppets are prepared to throw their money away on shares which they don't have the first clue about what they're buying.......eh Zap.....

[badger60] 05/4/2018 17:16

........ that's why Cooper hasn't mentioned it (wink,wink)........

[badger60] 05/4/2018 17:14

Tanzania worth $1.5 BN you say...... slightly different to what the company values it at y/e 2017.......Ooops!!Non-current operating assetsThe non-current operating assets for the UK are $1.5 million (2016: $2.7 million). The non-UK, non-current operating assets are $948.3 million (2016: $1,010.2 million). Included in the non-UK, non-current operating assets is Thailand which makes up $414.9 million (2016: $421.3 million), Indonesia $284.9 million (2016: 288.4 million), Tanzania $106.0 million (2016: $120.5 million).

[romeike] 05/4/2018 14:56

Nice bounce again off 52p, that's three times now

[zcaprd7] 05/4/2018 14:03

Ahh, I see, the brokers are all muppets, unless they agree with you... Now I understand.

[jotoha2] 05/4/2018 13:21

Badger , it's probably worth around £1.5 billion to the right buyer ,now nice Mr Cooper spoke a lot about everything except Tanzania , so why did he do that , it's a mega field and Shell have said they see Gas as the growth area for the next 20 years !!

[badger60] 05/4/2018 11:05

I don't think that it's much to get excited about. If Shell don't apply to retain and extend the licence....they lose it.....

[jotoha2] 05/4/2018 09:27

Now of course nice Mr Cooper forgot to mention Tanzania wink wink , and some are are hinting it will go to the highest bidder to make the Bankers feel better before they agree the deal , wink wink .

[badger60] 04/4/2018 22:08

Come up with what goods? From memory, Cooper alluded to a Fortuna financing in place by year end (wink,wink). In the meantime, struggling to produce 12k bbod, a projected 2018 spend up of $150mio, refinancing a $107mio loan and no cash in the bank at year end..........the only goods that I can see him coming up with ......is a fundraiser(wink,wink)......

[jotoha2] 04/4/2018 18:39

Edd , am now long , and expect Cooper to come up with the goods by end of april , wink wink , or in Coopers term raising of eyebrows rapidly.