Ophir Energy Share Discussion Threads

[fangorn2] 06/8/2018 12:41

@HPCG,

Nothing safe in Africa imo.

Property ownership rights not protected in many places. And corruption is rampant.

Just look at what is going on in Sarf Africa now.

[jotoha2] 06/8/2018 12:00

If new management are incapable of working the assets they already have , then the whole lot should be put up for sale , I think even in a fire sale they will achieve around 80p , major holders will be happy with that .

[hpcg] 06/8/2018 11:14

Yep, nothing safe in Tanzania - way bigger companies powerless.

Edit - nothing paid for and producing, people are welcome to develop all they like!

[dunderheed] 06/8/2018 09:57

4310, they said clone mate and if you don't understand what Mugabe did to Zim with his nationalisation(s) then I'd have a little read up buddy.

[ohisay] 06/8/2018 09:56

Nothing at all - why not read what I actually said.??

[shakudo] 06/8/2018 09:50

Wtf has mugabe got to do with it?

[ohisay] 06/8/2018 09:45

General George - 45% of the 25k is gas so your revenue numbers are far far too high.

And Tanzania is almost worthless sad to say while the Mugabe clone is in power.

[alamaison5] 06/8/2018 08:44

OPHR: Now that 40p is gone 42.25p will be the next target. Break this? 50p next...

[general george] 05/8/2018 12:26

Once Santos completes, 25k boepd makes revenue of $550m - $650m.
I dont now about the Santos opex, but the existing is $14pb.

If we call it $20, that $182.5m

You can see how stupidly cheap this is.
Name another company with this mismatch......

We havent even counted, tanzania, fortuna, mexico....

[technowiz] 04/8/2018 00:08

last held these 13-June and sold for 51 something pence at breakeven. I was happy to buy at anything under 41p that was my buy target. chart looks horrible but share price looks to be at the bottom of the bearish channel so there is potential for a strong rise from this level.

[jotoha2] 03/8/2018 18:58

A lot of noise , and some positive words about substantial benefits for shareholder value , we shall see soon enough.

[general george] 03/8/2018 17:20

Call me mad. Took 50k on the bell

[romeike] 03/8/2018 16:39

It is both formal and positive. Will be good to enter an era where sentiment is based on the performance of Ophir as a whole. Added at just over 41p - you did extremely well to grab 40.4p I missed that despite keeping an eye on it all day :(

[technowiz] 03/8/2018 16:32

back in at 40.40p then i noticed an RNS has landed. i was worried but it looks positive. progress of sorts anyway.

[romeike] 03/8/2018 16:27

Interesting that we were seeing definite movements in the share price today AHEAD of the RNS released this afternoon.

[ohisay] 03/8/2018 16:06

Without something on Fortuna they are going to end up wih 160m$ of net debt by end year

[romeike] 03/8/2018 14:32

Someone seems desperate to get this under 40p - problem is people keep buying! Ophir is a bargain at this price Fortuna or no Fortuna.

[romeike] 03/8/2018 12:26

Spot LNG up sharply

[jotoha2] 03/8/2018 09:38

Yes we all know that George , that is why we are here , but can this bunch of clowns work the assets and make some meaningfull profits , the last Chief clown was clearly not up to it , and where is the new man , hiding behind his desk ?

[general george] 02/8/2018 22:47

Rev last year $180m odd
With 11,800 boepd.

Oil/gas prices were lower.

25kboepd, maybe looking at $450m

Then chuck in the $1b assets.
Mexico drill etc etc.

Thats a hell of alot for tge current mkt cap.....

[ziblot] 02/8/2018 19:24

So would I if I had ready funds.

[romeike] 02/8/2018 17:19

Standard Life bought more

[general george] 02/8/2018 16:50

Yep Fortuna valued at less than zip.

25k boepd is not to be sniffed at, will be generating a significant amount of cash.

SP taken a real kicking, SL will be doing very nicely after buying down here.

[hpcg] 02/8/2018 13:07

ohisay - I didn't think it was overvalued when I bought in! The oil price does not look healthy with the last two days confirming a downside trend rather than a continuation of an uptrend. Difficult to see oil producers bucking that. Right now I'd rather have the cash in my pocket ready for another day. Took a 30% hit when I thought I'd bought at the bottom. 30% is readily recoverable, just needing a 42% gain. Greater losses get harder and harder.

FWIW I think Fortuna write off is discounted as these prices. I wasn't expecting the Santos deal, and I was anticipating Ophir putting itself on the block. I should really have sold as soon as my thesis was negated.

[romeike] 02/8/2018 12:37

Folks buying now will do well.