Salamander Energy Share Discussion Threads

[pineapple1] 14/10/2014 10:38

Well what they are buying is certainly not enough to absorb all the sellers.
This dog is tanking in a straight line down although its hardly on sky high volume.
Reminds me of 2008 when all the resource stocks plummeted to absurd pennies level only because the stocks went almost bidless rather than lots of sellers.
May be worth putting in some stink bids maybe as low as 30-50p as you never know they may get hit if oil continues south and FTSE goes sub 5500
Remember i picked up some DGO at that time for a fraction of todays price.
imho

[tiswas] 14/10/2014 09:21

They first notified this holding 3/6.

[wilksey1] 14/10/2014 08:54

rns after the close they clearly been stake building got over 13% of the share issue could there be a bid coming!

[nigelpm] 13/10/2014 10:43

This price is beyond belief. Assuming the deal closes this is a terrific bargain.

Be very greedy when others are fearful.

[le_commissaire] 08/10/2014 21:33

Cyan

You forgot to add NTOG :)

Great sausages though, organic to boot so our chap reckons.

[cyan] 08/10/2014 12:30

Looking at the smdr chart and HUR chart there are similarities.

Both companies pumped by a poster conspicuous by his absence now.

So much for £2.50 by the end of this year.

[nigelpm] 08/10/2014 09:27

Assuming it's a price of oil fall related.

[pineapple1] 08/10/2014 08:49

I wonder if this asset sale is about to fall through. Seems awfully quiet on that front.This share is an utter dog at the moment and is now at 5yr lows.
I was hoping the special divi would be paid by EOY. Looking doubtful now..
imho

[wilksey1] 07/10/2014 11:31

these have a price target 145p today

Salamander Energy FTSE 250 Energy Outperform 145 97.5 48.7% BMO Capital Markets

[wilksey1] 03/10/2014 10:30

rbc has a price target of 160p today

[cumnor] 02/10/2014 13:26

The same people who paid 140-150. Usual. They will buy back again at these prices. Panicked out by pros at bottom and suckered in again at top.

[wilksey1] 02/10/2014 13:22

lots of selling going on i was hoping this was the bottom

[ed 123] 01/10/2014 12:31

pineapple1.

I'm with you. The oil price might go yet lower (who knows?), but I wouldn't sell at this level. The market swings between euphoria and despair. I can afford to be patient.

[ed 123] 01/10/2014 12:27

I might wish to agree with your sentiment, speedsgh, but wouldn't want to be locked up for any conspiracy or incitement offence!

FWIW, I think the major shareholders will have pushed the Board into the sale process. There was reportedly an offer of $700m gross. Unfortunately the debt repayment would have left too little for the equity holders. I suspect Plan B is now to run the company in a way which pays down the debt remaining after the SONA deal (assuming no takeover before it's signed off). Then, maybe 2 years on (?) re-run the sale process. That way, a greater proportion of the gross bid would go to the equity holders, and may be enough to gain the approval of the major holders.

[pineapple1] 01/10/2014 12:17

Are the directors that bad though. The sector is a bomb site and many are plumbing 12m depths.What could they have done differently operationally not withstanding bad luck with the drill bit.
Its just not the time to be invested in the sector ,or should i say actually its the time to be patient and buying the sector as its hated but won't always be so.
I,m patient i'll wait and looking forward to the divi (if it completes of course)
imho

[speedsgh] 01/10/2014 12:06

I'm still waiting for major shareholders to put the current BOD in front of a firing squad. I will be looking for a front row seat if it happens.

[ed 123] 01/10/2014 11:57

pineapple1.

Who knows?

If HSBC truly believe the shares to be worth 200p each, why aren't they aggressively buying them? There is a seller making plenty available at 99.75p.

HSBC's 200p target damages their own reputation, imv.

[ed 123] 01/10/2014 11:53

Thanks, wilksey1.

That price target says more about HSBC than it does about Salamander Energy.

Salamander's directors failed to attract a recommendable bid not long ago. The shares are back down to their pre-speculative level of 100p. Last month Oriel dropped their target from 185p to 125p. Imv, that was a sensible reaction to the sale failure and the NK-2 well disappointment. HSBC are not living in the real world.

[pineapple1] 01/10/2014 11:34

They must have afew to sell then i guess.
LOL

[wilksey1] 01/10/2014 10:57

hsbc have these with a price target 200p today

[ed 123] 30/9/2014 17:46

Nice thought, Salpara111.

A bid would not be impossible. Both sides must be reflecting. Expectations will have been reduced following NK-2.

150p feels too high to me. 130p would see me happy enough.

[salpara111] 30/9/2014 17:04

Well, now that it is back at 100p again do we think that this time a bid of £1.50 will succeed. I am guessing that a lot of holders would be jolly happy to be rid of these for £1.50.

[speedsgh] 23/9/2014 15:46

Sona awaits SC nod for stake in Salamander -

[ed 123] 23/9/2014 15:29

Yes.

My view is that, notwithstanding the end of the formal sale process, Salamander Energy remains available.

You could be right. Those permits might make the difference to someone.

Up 3% is an odd move against the backdrop of the oil price falling $1.5/bbl and FTSE100 being down 90 points.