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

niceonecyril - 06 Apr 2009 08:10 - 23 of 3666

Theirs a lot of s/termers getting out, down over 1p at the minute. Allow the market time to settle down before getting a clear picture on how they view the results.
cyril

niceonecyril - 06 Apr 2009 08:10 - 24 of 3666

Theirs a lot of s/termers getting out, down over 1p at the minute. Allow the market time to settle down before getting a clear picture on how they view the results.
cyril

halifax - 06 Apr 2009 08:13 - 25 of 3666

When is this rocket going to fire, bit of a damp squib at the moment? Early days.

cynic - 06 Apr 2009 08:24 - 26 of 3666

i am not nearly clever enough to work out how good the figures were, but my impression was to be singularly unimpressed ...... it seems to me that AFR's one (major) saving grace is the Ebok field which has the potential to make the company a t/o target ..... we shall see

required field - 06 Apr 2009 08:30 - 27 of 3666

Usual nowadays thing...it drops on results.....they really have only just started production.....come back in a year or two and the figures will look a lot better !.

niceonecyril - 06 Apr 2009 08:51 - 28 of 3666

RF thats the market today, more short term for the majority of tradres, take profit and look for the next bargain. Of course the large institutions will mop up these with a long term view. 9.30am seems to tell the truer picture once the excitable have gone.That said i should have closed at least one of my positions, didn't see the drop quite so big.Those on the sidelines a great buying opportunity for long term.
aimho
cyril

blanche - 06 Apr 2009 08:54 - 29 of 3666

Take out the short termers at a lower price to fill the big delayed orders, thats how it works.

cynic - 06 Apr 2009 08:54 - 30 of 3666

i don't necessarily expect instant gratification, but sure as hell won't be hanging onto to these for a couple of years!

required field - 06 Apr 2009 08:59 - 31 of 3666

No, but the market will price this up ahead of good production !.

required field - 06 Apr 2009 09:01 - 32 of 3666

In fact, I've taken some profits this morning and bought back in at a lower price .

niceonecyril - 06 Apr 2009 09:22 - 33 of 3666

Good on you RF,nothing wrong in taking a profit,cynic as i stated many such as yourself will do just that and for now it looks to be the right decision. Perhaps a duel position holding l/term with some s/term on peaks/troughs,but to each is own.
cyril

cynic - 06 Apr 2009 09:28 - 34 of 3666

i may be greed-driven and buy some more during the day .... i shall dwell on it

required field - 06 Apr 2009 09:38 - 35 of 3666

Because there is a market markdown this morning does not change the fact that Afren have hit the jackpot with their Ebok discovery, so my view remains the same 50p coming sooner or later and to support this : crude is now past the $53 mark !.

kkeith2000 - 06 Apr 2009 12:33 - 36 of 3666

What a turnaround from this morning and every chance we could end up blue

moneyplus - 06 Apr 2009 14:42 - 37 of 3666

2 big fundies now have sizeable stakes---typical dive down to shake out some shares and go below some stops--imo! nothing wrong with the results so we should soon break 50p then onwards and upwards I hope--cairn wasn't built in a day. lol!

cynic - 06 Apr 2009 14:47 - 38 of 3666

it's all over the shop, but very much to be expected given that it's the first day of the fiscal year, AFR results came out this morning and the markets need a breather

blanche - 06 Apr 2009 15:08 - 39 of 3666

Get today over and done with, then it will start to move up as it should. I brought 150000 gasol @1.68 so iam a happy bunny.8-)

halifax - 06 Apr 2009 17:08 - 40 of 3666

results uninspiring unless there is some fresh news dead money for a while.

cynic - 06 Apr 2009 17:55 - 41 of 3666

maybe ..... proper reaction can sometimes be a bit delayed ..... it'll be interesting to see if papers have anything to say

Nar1 - 06 Apr 2009 19:42 - 42 of 3666

Cynic please could you add this chart to the one at the top ?

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