Soco Share Discussion Threads

[emptyend] 17/3/2019 10:25

....it most certainly isn't. The method of payment is a completely different matter from the price!

[oilinvestoral] 16/3/2019 22:37

I know GG, my point is paying them in equity is less of a price to pay !

Erm... ffs ... excellent contribution EE

[emptyend] 16/3/2019 19:47

....erm......FFS .....?

[general george] 16/3/2019 19:04

OilinvestorAl,

There is always a price. Whether it is paid for in cash or shares is irrelevant.

Be interesting to see what Monday brings.....

[oilinvestoral] 16/3/2019 16:22

There was no price for merging with OPHR! It was an all share deal ! Probably 1 new SOCO for every OPHR share! I wouldn’t have thought it was a bad deal! Whatever is happening in the background, I don’t think it involves OPHR! Does anyone know when was the last time we traded 7 million shares in 1 day???

[general george] 16/3/2019 16:05

*At that price Nigel.

Soco should have tried a bit harder for the Santos assets....

That was good business.

I wouldnt have been very happy if soco had gone after ophr paying $550m plus, with the vulture squad hanging out for more $$$$.

No matter how much of a 'good fit' it was.

Im sure there are better deals to be had elsewhere. Obviously the board decided Merlon was a better deal. Im not convinced it is quite that good, but if they production up and recover cost oil quickly, it should prove decent.

As emptyend rightly says the relative price/cost of an Ophir tie up is wrong for Soco.

[yasrub] 16/3/2019 15:54

With reference to OPHR surely this is a closed door unless activist shareholders on OPHR's behalf stir the pot, does the SOCO RNS not preclude them ?

[emptyend] 16/3/2019 15:40

I agree. At the right price a combination with Ophir makes decent sense - but the current price relationship is wrong.

[nigelpm] 16/3/2019 15:27

I fully disagree with GG on this. Value add of the two combined would be superb.

[general george] 16/3/2019 15:22

I dont want soco to go anywhere near ophir at that price......

[dunderheed] 16/3/2019 13:40

Yes but that doesn't mean activist share holders have different ideas?
This is unlikely but stranger things have happened.

[arteespresso] 16/3/2019 13:31

Yes, good point!

[bakero] 16/3/2019 11:09

No, that is not the question. Did you read the RNS?"As a result, SOCO confirms that it does not intend to make an offer for Ophir and is consequently bound by the restrictions set out under Rule 2.8 of the Code."

[arteespresso] 16/3/2019 10:06

So the question is, following Soci's rebuttal from Ophir regarding the merger, do Soco have the leverage to gain the funds to trump Medco's offer for Ophir?

[general george] 16/3/2019 08:10

66.6p or not, anything below 80p is fantastic value.

Can only imagine what the seller is thinking!

[buywell3] 16/3/2019 05:42

It's always good to see Directors buying the paper that they are trying to flog

However sometimes in times of trouble they still do it

A gambit

To try to stem the tide that Mr Market has set in motion

I will concede that IF enough money is thrown at SIA

Buying the paper ,(showing my age see) , THEN SIA will rise

Wallets need to be opened and mouths put where they should be

In these trying times .... MM's please 66.6p ASAP

I like that one ... it gives me the hots

[lauders] 16/3/2019 04:42

Liked this: Well I never the patient has a pulse. LOL!

The question is whether the patient will pull through or go back into a coma. Certainly hope any patient, especially SIA, pulls through!

Let's hope that the volume is the prelude to some positive share price action and newsflow now.

[general george] 15/3/2019 18:55

The deal Sdx were hoping for was an rto, approx valuation of assets $500m.

Perhaps a Serica-esque deal could be looked at. Initial payment and a profit share for a number of years.

Would be a great fit imho. And good production, while merlon assets are bought up to speed.

Just me thinking out loud....

[emptyend] 15/3/2019 18:33

Quite. I'd be totally certain they get to see everything viable in MENA and SE Asia.....sellers will always sign CAs.Today's volume is a record, for days without a deal of any sort.

[general george] 15/3/2019 18:28

Well I never the patient has a pulse.

I cheekily emailed soco and asked why they wernt pursuing the BP assets that SDX couldnt digest.

I was told they are looking at aqusitions but couldnt comment.

In a perfect world......

[oilinvestoral] 15/3/2019 16:57

Agreed Orient ! Volume very healthy ! Big buys and also big sells ! This will beign to motor ahead once Egypt is approved! Plenty to look forward to here including juicy dividend in May! Throw in an acquisition and that’ll create the perfect storm!

[0rient] 15/3/2019 14:52

Drip drip seller cleared..onwards & upwards!! About time :-)

[stepone68] 15/3/2019 12:57

Spoken like a true chartist Sammy :-) Let us know when you figure out the answer.

[dunderheed] 15/3/2019 11:45

Maybe it's one of them 'investors' in ophr at the moment hoping to force through that potential merger?