Investors' Room :: AFREN (AFR) Is this the next TULLOW??? - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

niceonecyril - 04 Apr 2009 08:30

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Chart.aspx?Provider=EODIntra&Code=AFR&Si

HARRYCAT - 05 Aug 2010 13:02 - 1086 of 3666

Or not. Really disappointing stock imo. Gonna take more than a ship refurb to get this motoring.

halifax - 05 Aug 2010 13:07 - 1087 of 3666

Ebok production to start in October,production targeted at 35000 bopd by end of 2010 which means AFR should be producing 50000 bopd, what sort of cashflow is that?!

blanche - 05 Aug 2010 15:06 - 1088 of 3666

One step closer to production. And me making shed loads imo

cynic - 05 Aug 2010 15:15 - 1089 of 3666

so what price did you buy at harry that you are sulking so badly?
even i'm in the money here, and it remains one of my few core stocks

required field - 05 Aug 2010 15:18 - 1090 of 3666

Have you lot looked at GKP yet....went up to just past 108p this morning.

aldwickk - 05 Aug 2010 15:19 - 1091 of 3666

Cynic

Make CEY another if you haven't all ready

cynic - 05 Aug 2010 15:21 - 1092 of 3666

must have another look at those .... sold mine 2/3 months back and have not been watching their radar blip

blanche - 05 Aug 2010 16:53 - 1093 of 3666

Need a few days at three times this volume, then we will really start to motor.

halifax - 05 Aug 2010 16:58 - 1094 of 3666

blanche agree with 50000 bopd generating in excess of $1 billion pa by end 2010 difficult to justify such a low sp

halifax - 05 Aug 2010 17:25 - 1095 of 3666

TLW is producing almost 60000 boepd and has currently a market capitalisation of around 11 billion whereas AFR should be producing 50000 bopd shortly but has a market capitalisation of only around 900 million totaly undervalued and must end up as a takeover target.

HARRYCAT - 05 Aug 2010 21:21 - 1096 of 3666

Bought at 89 on 25/06 & sold at 93 on 27/07 for my last foray into AFR. Graph trend is still down & nothing on the immediate horizon to change my mind. Long term possibly a good hold, but I can use the money elsewhere for a better return atm.

cynic - 05 Aug 2010 21:45 - 1097 of 3666

i think you're wrong, but time will tell

jimmy b - 05 Aug 2010 22:09 - 1098 of 3666

So do i , i think this could have a nice leg up in the next few months ,i'm not selling ,i sold Tullow to soon and regreted it ever since.

aldwickk - 06 Aug 2010 08:15 - 1099 of 3666

Once it breaks out of the 105p resistance point then it will have a good run up

HARRYCAT - 06 Aug 2010 08:20 - 1100 of 3666

It has regularly struggled to break the 95p barrier. Third time for the 105 level with major pullback if it fails, imo.

required field - 06 Aug 2010 08:28 - 1101 of 3666

I'm a bit more optimistic.....there has to be a run up to 115 or 120p coming in my opinion,....where is the bad news....?.....this has to go higher as long as crude holds up....

HARRYCAT - 06 Aug 2010 08:38 - 1102 of 3666

I hope you are right, but if it should get knocked back I would certainly buy back in around the 80-85p range. However, for anyone who bought since Oct last year & expecting great things, they must surely be disappointed? No divi & very limited capital growth.

required field - 06 Aug 2010 08:51 - 1103 of 3666

I was expecting 150p, I recall by the end of this year...way off the mark it seems....

Balerboy - 06 Aug 2010 08:59 - 1104 of 3666

my holding ave, is 69p so always happy to hold.,.

required field - 06 Aug 2010 09:03 - 1105 of 3666

I still have some from when it was 14p.....but I want more.....greedy me.....

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AFREN (AFR) Is this the next TULLOW??? (AFR)