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Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Petroleum Plc LSE:SAVP London Ordinary Share GB00BP41S218 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 8.90 8.16 8.98 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -19.3 -2.4 - 78

Savannah Petroleum Share Discussion Threads

Showing 6276 to 6296 of 6475 messages
Chat Pages: 259  258  257  256  255  254  253  252  251  250  249  248  Older
DateSubjectAuthorDiscuss
12/2/2020
16:14
Nametrade, it makes sense but why no TR1’s?
nen2319
12/2/2020
13:23
I don’t think necessarily you are right... the share price was improving from the lows of August all the way till November. If this is when the fund started to clear out then this is not to do with the company, the CEO, completion, cash flow, debt, reserves or any other variable and you would know that. Keep up your agenda fair enough but your integrity will suffer.
nametrade
12/2/2020
11:49
Pity I've been proven right here then isn't it.38p before Empire Building, two years later with an Empire 15pSometimes the truth hurts.
ngms27
12/2/2020
11:32
Don't listen to anything ngms has to say, he's a charlatan, check out his incessant doom-mongering on the HUR board.
gisjob2
11/2/2020
21:41
Debt restructuring, Niger CPR, partner announcement, Nigeria license round, new customer contracts and the introduction of a dividend. If AK delivers what I said he will the share price will take care of itself from here.
andyforster1
11/2/2020
20:20
Sentiment will change on an Niger CPR update. All the fundamentals are sound. Niger is the key. Nigeria prospects are looking solid. It's a waiting game I'm afraid, hellishly frustrating but that's the O & G business.
bushman1
11/2/2020
20:18
Rather a lot of pullbacks here though...Absolutely disastrous for PIs following AKs empire building.
ngms27
11/2/2020
18:45
Downward ski slope on this one.
texaschaser
08/2/2020
23:31
Its always interesting to see who spends a-lot of their time on a bb that they are not invested in, more so when the day before they spread fake news on stock on loan. Mr I only invest for the long term but need to pay for L2. Captain bulcaca ... imho.
stockport loser
08/2/2020
17:03
It’s always interesting to see two of our better investors, Zen and MT in this case (both of whom I respect), in disagreement over an investment. I invested shortly after the first suspension period, and it’s certainly been a longer ride to profitability than I expected, not to mention that of my timescale for SAVP to produce stellar returns. We now stand, years down the line, on the cusp of actually seeing concrete evidence of cash starting to flow into the company. Here then, is where we can reasonably decide whether to offload. The money is banked or it’s not. Cash can’t be fudged. Stories of why it hasn’t happened will cut no ice with me, and I’ll be out of here. It’s pretty clear to me that people genuinely don’t realise the magnitude of what AK has achieved. In my view, not only has his, quite frankly, highly ambitious strategic vision come to fruition, but he has had the courage to hold up progress to improve the terms to the benefit of longer term returns. Let’s just take a very brief look at what AK has achieved, without the forensic numerical analysis that Zen and MT bring to their posts. NIGER A tiny company, aware of the relinquishments that CNPC would have to make, as well as the government’s annoyance at CNPC for closing their only refinery for six weeks (not believing the excuse of ‘technical issues’), schmoozes the president and the players in the oil ministry. The result of which led to the award of highly prospective blocks, subsequently added to. Five successive exploration wells produced as prognosed. NIGERIA Aware of the perilous financial position of Seven Energy, due to the closure of the Forcados export terminal, and subsequent default on a bank loan and subsequent missed payment to senior lenders, AK sees the opportunity to acquire some valuable hydrocarbon producing assets and a foothold in the infrastructure vital to monetisation. Not afraid of causing even further delay to the tortuous legal process required to obtain the title to them, he improves the deal with some asset trading. Finally, the assets are ours. We’ve moved in, and we’re putting a new roof on, replastering the walls and replacing the leaky windows with double glazing. It’s now time to enjoy living there. I think the boy’s done well. Buffy
buffythebuffoon
08/2/2020
12:58
Zengas - seconded. Let's see what Niger brings.
haideralifool
08/2/2020
12:09
Zen - Have never disputed the quality of the assets(its what kept me here for nearly 4 years) - my concern has increasingly been with the management execution of the development of those assets to create shareholder value. Management that make statements to the market they consistently fail to deliver against, destroy their own and the company's credibility, regardless as to the quality of the assets - it's avoidable, and behaviour that frankly makes them look like amateurs. The Chairman and NED's should have been far more pro-active in looking after shareholders interests by only allowing AK to put into the public domain statements that the company has a very high expectation of being able to deliver upon. The fact that the Board has failed to do this means they're equally as culpable for the poor performance in creating shareholder value over the last 7 years as AK. Having an outstanding, highly distinguished O&G industry professional with a track record for creating shareholder value second to none at the helm like Paul Blakeley, would I'm sure have produced an entirely different outcome for SAVP's investors to date.
mount teide
08/2/2020
11:20
As i've said before i await to see the update for Niger and agree it's been painfully slow. What's keeping me in is that when they took the assets on, they've certainly been proved 100% correct on the high chance of success so i see no reason why this can't be magnified many times over given the close proximity and analogous nature of the prospects yet to drill. I never expected to see every single one drilled and with a target of some 2.8 billion bls of already risked recoverable oil, i've felt that getting just 18% of that net to Savp at the lower $4 per/b estimate would be enough to create $2b worth of value for Savp especially with a major pipeline on the horizon as well as domestic supply. On the other hand to get such a comprehensive and reworked improved Nigerian deal through with so many parties concerned imo was no mean feat. So i personally feel that deserves credit and if he/Savp can do that then imo there's hope for future and less complicated deals in continuing to grow the company. The first announcement of what i hope are many new customer deals has started to filter through already and they beleive the capacity of the gas processing facilities will be fully utilised by the end of the year. As regards not having hands on O&G experience i'll agree but he certainly has a good team around him and they used the best legal entities (one sits on the board) in dd and he's also been able to bring on board many top blue chip investors/world bank arm etc to invest in Savp as against many CEOs who have that O&G hands on experience but don't bring in sufficient core investors. Two CEOs that didn't have an inch of hands on oil gas experience were Scots born Henry Cameron who led Sibir to a £2b takeover and the UKs Peter Levine who took Imperial Energy to a £1.4b takeover. Personally i'd judge the company as a whole and the people who are there and not base it solely on the CEO. Like the 2 other CEOs mentioned he has a major shareholding and if he does as well as them, then he could be in for a similar payoff incentive on his holding and every reason to get the share price to perform.
zengas
08/2/2020
10:23
ad1 - i will preface this post by saying that the only reason i did not lose a considerable sum of money from my 'investment' in SAVP was by taking the risky decision, against my better judgement, to average down a heavily underwater large position by tripling the size of it at the 12p lows last year. You still seem blinkered to the fact that the SAVP Management has missed every business development timetable target they have set themselves and publicly notified the market over the last seven years years. A perfect record of failure, which has made both the management and their investors consistently look foolish. The management has raised hundred of millions from II's at an average price of 39.5p. Yet have have drilled just 5 wells in 7 years on the Niger Blocks and are yet to test the modest discoveries never mind produce a barrel of Niger oil. This is not the type of business development performance you would normally expect and associate with a successful, well respected O&G industry management and, as a consequence has seen the market price the equity accordingly - now some 60% down from the average weighted price of the equity raised during the last seven years(without any inflation adjustment). To make matters worse the CEO has no previous hands on O&G industry management experience and so is increasingly coming over as completely out his depth - to such an extent that his bumbling, hugely unconvincing and frankly, embarrassing, stilted performances in media interviews over the last few years, has seen him resemble more at times an extra from 'One Flew Over The Cuckoos Nest' than the CEO of a listed company.
mount teide
08/2/2020
09:42
Yeah sorry must be a corner shop job who do no due diligence. (Shakes head in disappointing)
andyforster1
08/2/2020
09:21
2bn usd under management is basically a corner shop in the asset management world
mr roper
08/2/2020
09:07
Ak's been in talks with Deacon Udom Emmanuel, Governor of Akwa Ibom State, discussing how they can collaborate with the State government to exploit idle gas fields. It's all happening in Nigeria just not on your timeline
andyforster1
08/2/2020
09:03
Oh and since acquiring the assets AK has done a deal with First Independent Power Limited a company in the business of power generation in Nigeria located in Rivers State. They own and operate 4 gas turbine power plants within Rivers State located in Trans-Amadi Port-Harcourt, Afam, Omoku and Eleme. FIPL currently has a combined installed capacity of 541MW.
andyforster1
08/2/2020
09:00
Here comes the fear mongers who's lost money to try and justify why you should crystallise a loss. SAVP own the largest gas processing and distribution infrastructure businessin South Nigeria. The deal took far longer than anybody expected but the terms where adjusted and improved along the negotiations which pushed out completion. The deal was done in partnership with African Infrastructure Investment Managers with $2.1 billion under management.
andyforster1
08/2/2020
08:52
But you saw enough to suggest it is afren mk 2? 😴
thelung
08/2/2020
08:08
Since the deal completed they’ve seen 40% off the share price and a few more missed targets. All the while the ceo is raking in an outsized salary. Seems like all the risk here is with shareholders. Takes a while for the frog to realise that it’s not just hot but he’s being cooked. It might come good, it might not. I don’t see enough to sway me to reinvest.
mr roper
Chat Pages: 259  258  257  256  255  254  253  252  251  250  249  248  Older
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