Salamander Energy Share Discussion Threads

[speedsgh] 17/11/2014 21:30

pineapple - hehe. Whilst not invested in SQZ, I can certainly empathise (PMO, GKP). About time we had a bit of joy from the sector, even if it is to provide an opportunity to exit! I suspect that there is a humongous herd of very stale bulls that are champing to get out.

[speedsgh] 17/11/2014 21:11

pineapple - All well + good but relies on trusting the current BOD. One just needs to stand back + look at the long term chart to see how successful the BOD have been at creating shareholder value. Why should we believe that they are suddenly going to change their ways? 'Leopards' + 'spots' spring to mind.

[pineapple1] 17/11/2014 21:03

Well i m pleased its not been sold .The share price will hopefully recover to a more satisfactory level over the next couple of years and there is this 11p divi due on SONA completion. Opurtunistic bids could happen again. The assets are obviously interesting to a few .
imho

[speedsgh] 17/11/2014 20:55

No surprise there then. SMDR directors will be raising their glasses at successfully defending their jobs. All in the best interest of shareholders of course. All they need to do now is see off Ophir + they can continue their highly successful campaign of shareholder value destruction. Interests aligned?.. pah!

[nigelpm] 17/11/2014 19:02

More likely recent plunge in POO has put the investment into risky phase.

[puffintickler] 17/11/2014 19:02

It was always a possibility but I expected them to wait a bit. Obviously the type that play hardball.

Back to waiting I guess.

[nigelpm] 17/11/2014 18:58

hmmm. didn't expect that to be fair.

[cumnor] 17/11/2014 18:53

Best news for shareholders. Cespa expected to get these for 121p. Far better value in business and holding.

[reynolds9] 17/11/2014 18:38

Looks for the BOD really did annoy CEPSA, toys packed up their off.

[briggs1209] 17/11/2014 16:53

if this softens and we see a pound again it will be tempting.

[nigelpm] 17/11/2014 15:43

Bought back a little from sale last week. Tend to agree. 121p feels like a bare minimum here.

[specul82] 17/11/2014 15:21

Very interesting here now Slight drop in the price today however lets take into account some facts Fundamentals of smdr are very good therefore a good company to invest in for long term growth in addition to this we have the possibility of a take over Sona they have put a lot of time and effort into raising the capital discussing the benefits and negotiating a deal with smdr Let's face it, the deal is very good for both companies if they intend to develop the market and have organic growthI see sona not wanting to loose this opportunity and will probably dig deeper into there pockets infact they are probably at the bank right nowCespa they are into everything in this case the only winner is the short term holder of this stock as the long termers have seen there investment ps dwindle away I see this price very much as a bench mark price and to all intensive purposes the management put out the information to the market to help them as well as us if cespa take over the company then the management team will all be looking for new positions in the marketOphir this in my opinion would be the best all round bet all share offer so they can raise the price a bit without looking as if they are paying to much and the investors still get to be invested in an oily the management will also retain there positions if not even enhance them Very interesting four days leftGla

[nigelpm] 17/11/2014 15:05

I think Puffin's most likely to be correct here.

[puffintickler] 17/11/2014 11:33

It may just be that SMDR felt with all the speculation that they were obliged to give all shareholders the information that seemed to have leaked out. CEPSA in turn had to respond to the SMDR RNS but obviously do not want to sound too keen, they do not want to raise shareholders expectations too high.

[nigelpm] 17/11/2014 07:36

CEPSA just saying that SMDR put it out before checking it was alright with them.

Usually a firm would check with the bidder.

[hjs] 17/11/2014 07:32

I am confused by today's RNS by Cepsa.

[puffintickler] 16/11/2014 19:25

It will be difficult for Ophir to match the deal proposed by Cepsa. However I still think that Cepsa will sweeten their offer to make it more palatable and guarantee enough shareholder support.

[nigelpm] 16/11/2014 19:11

Looks like ophr pulling out per article in Sunday times

[speedsgh] 16/11/2014 18:18

Cepsa proposes £375m Salamander takeover offer -

...Dragan Trajkov, analyst at Oriel Securities, said: “On the face of it, it looks like a pretty decent offer.”

Salamander said that Cepsa – which is owned by IPIC, the Abu Dhabi investment fund – was also likely to want to cancel its previously agreed deal to sell 40 per cent of two Thailand fields to Malaysia’s SONA. That deal has still to be approved by Salamander’s own shareholders.

[speedsgh] 16/11/2014 18:17

Spaniards are swooping for Salamander Energy -

The Spaniards are swooping for Salamander Energy – will they succeed?

Both the Madrid-based energy giant Cepsa and Ophir Energy have been circling, but now a consortium led by Cepsa has pounced with a proposed offer of 121p a share and a further 24p a share if Salamander’s assets off Thailand come good.

Investors cheered the news, sending Salamander up 20.5p to 117p. The hope now is that Ophir, up 1.6p at 191.9p, will gazump Cepsa. Sources close to Ophir indicate it was caught off guard by the announcement. Watch this space.