Savannah Petroleum Share Discussion Threads

[mr roper] 27/8/2019 13:32

Yup, looks like it wants to break

[sunbed44] 27/8/2019 13:30

mt maybe today at this rate

[mount teide] 27/8/2019 13:29

Very strong buying pressure at the full 23p ask price - could well close above 25p this week

[sunbed44] 27/8/2019 13:25

tstwo thirty p i think

[tsmith2] 27/8/2019 13:12

I meant share price wise

[sunbed44] 27/8/2019 13:11

luv your style george r

[sunbed44] 27/8/2019 13:11

it will do soon looking for a mid daily close above twenty to point six according to zm then clear run to thirty p

[mr roper] 27/8/2019 12:59

200dma - bears live below, bulls live above it. Closing above will start to bring a lot more interest. A positive technical outlook allied to the positive fundamentals will bring a double whammy to any re rating.

[honestmarty] 27/8/2019 12:56

Surprised we haven't more footfall given the weekly rise.

The herd still doesn't appreciate what lies ahead here.

[honestmarty] 27/8/2019 12:53

Regardless of the 200dma.

[honestmarty] 27/8/2019 12:53

Ladies this is a bargain below 30p on last week's announcement.

[mr roper] 27/8/2019 12:51

200 daily moving average

[mr roper] 27/8/2019 12:51

200 daily moving average

[tsmith2] 27/8/2019 12:51

What is the 200dma?

[mr roper] 27/8/2019 12:49

Moving above the 200dma. Would be nice to close above.

[tsmith2] 27/8/2019 12:48

Excellent buying coming through now

[tsmith2] 27/8/2019 12:41

About to move up sharply?

[sunbed44] 27/8/2019 12:20

nice little buys nudging the price up after the small profit takers earlier on

[shareideas1] 27/8/2019 10:33

My base case is they will love to their deal success scenario of 56p (from 31p) upon completion... would like to see some new brokers pick it up too once it's a real company (ie post 7E completion)

[sunbed44] 27/8/2019 10:30

shares tnx and great to see broker notes all in the eighties be interesting see how barclays revise theres

[shareideas1] 27/8/2019 10:00

Savannah Petroleum has announced that approval has been received from President Buhari for the acquisition of assets from integrated gas producer Seven Energy. The approval grants Savannah the green light to begin tying up the final loose ends of the transaction, a procedural process defined by the Implementation Agreement which was signed in February this year. We expect this final stage of the transaction to take a couple of months to complete, implying that even in a worst case scenario Savannah should have fully wrapped up the deal by the end of the year. This will immediately propel the company into the top ten producers listed in London, with net production in excess of 20 kboepd and 2P reserves of c.75 mmboe. Savannah shares today trade at a fraction of our Total NAV of 92p/shr. Indeed, both the Nigerian portfolio, at 63p/shr and the Nigerien assets, at 29p/shr (both risked), are worth considerably more than the current share price of 21.2p/shr. With obvious catalysts on the horizon, such as completion of the deal and the subsequent ramp up in activities in both Niger and Nigeria, we believe that the shares will not remain at today's depressed levels for long. Accordingly, we reiterate our BUY recommendation with an unchanged 89p/shr target price.

[sunbed44] 27/8/2019 09:45

shares have you got the full note

[shareideas1] 27/8/2019 09:26

Mirabaud comment this morning reiterating completion within couple of months and Buy with 89p target price.