< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
http://www.investegate.co.uk/afren-plc--afr-/rns/2012-full-year-results/201303250700107200A/

In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
http://www.ft.com/home/uk

http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
http://www.investegate.co.uk/Article.aspx?id=201205140700212304D
http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

Afren have also hedged 5.2m bbl at a floor of $90 to $95 thro to June 2015

Just as well, as I have just seen the chartist on the IG website talking about Brent dropping to $70pb very quickly.

Oct 17 (Reuters) - Schlumberger Ltd, the world's largest oilfield services company, said oil and gas spending would increase in 2015 as global oil demand is poised to rise, downplaying fears of an investment slowdown due to weak crude prices. Schlumberger shares were up 7 percent at $97.10 in early morning trading. The company reported a better-than-expected quarterly profit after markets closed on Thursday, helped by strong drilling activity in North America. Oil prices have slid nearly 20 percent since June due to oversupply, signs of weak demand growth and indications that key oil producers, particularly Saudi Arabia, have limited appetite to intervene in prices. The steep fall has sparked fears that oilfield earnings would be hurt with oil and gas customers reigning in spending. "The key to the overall oil market is still that the global oil demand is currently set to increase by 1.1 million barrels per day in 2015, which will require growth in exploration and production investments," Schlumberger Chief Executive Paal Kibsgaard said on a post-earnings call on Friday. The International Energy Agency earlier this week cut its 2015 estimate for oil demand growth by 300,000 barrels per day (bpd) to 1.1 million bpd, citing weak global economies. Oil demand was "largely unchanged", while supply was relatively "well balanced," Kibsgaard said on the call. "WTI oil at $80 a barrel for a short time is unlikely to have an impact on growth and margins for the services companies, but $80 oil for more than a month or two certainly will," William Blair & Co analysts wrote in a note. They expect the company to "wait and see" how $80 WTI would impact producers' spending plans. West Texas Intermediate crude was at about $83 per barrel on Friday, while Brent crude was over $87. Baker Hughes Inc, the world's No.3 oilfield services provider, said on Thursday that drilling activity was unlikely to slow unless crude fell to and remained at $75 for a few months. Still, Schlumberger expects 2014 exploration spending to fall by 4-5 percent from a year ago, largely due to a 20 percent fall in seismic expenditure. Oil and gas companies are spending more on maximizing production from existing wells, than on searching for new reserves as they face increasing investor pressure to raise shareholder returns. Up to Thursday's close, Schlumberger shares had fallen more than 20 percent over the last three months due to the sharp slide in crude prices. - See more at:

Halloween stock picks which could be winners but are still not for the faint hearted‏
27 October 2014

Afren

The unauthorised payments investigation on the back of management activity is a stab in the back for Afren investors. Additionally, the recent slump in the price of oil along with the instabilities in Iraq could leave them feeling weak at the knees and sees the risk profile of the stock frightfully high. However, for those feeling brave, we recommend Afren as a ‘buy’. The lower share price and a p/e multiple of 8 times means the shares once again look attractive. The company has been building on its impressive production growth rate of the past few years and we believe it has the potential to continue.

- See more at: hxxp://www.mindfulmoney.co.uk/investment-insight/investing-strategy/halloween-stock-picks-which-could-be-winners-but-are-still-not-for-the-faint-hearted%E2%80%8F/#sthash.ku8Ydfdk.dpuf

http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/

Deutsche Bank reiterates hold on Afren, target cut from 130p to 110p.

Hold until it's 70p

LATEST BROKER VIEWS

Date Broker New target Recomm.
30 Oct VSA Capital 115.00 Hold
30 Oct Westhouse... 110.00 Neutral
30 Oct Deutsche Bank 110.00 Hold
28 Oct Credit Suisse 115.00 Outperform

Chartist considers 72p support level?

worth a tickle

Yep !....going long...drop well overdone...

Buying?

I will wait till the late 2011 support at 72p is being reach.
The way the share price is moving lower it could easilly fall to that price, and if bounces from there, then it would be the right time to get in, as there is a strong support line at 72p.

That's just guesswork....to me this looks like an absolute bargain at this level....

RF

What price have you bought at this morning ?

Just over 79......I cannot watch it all the time so can't get bottom lows but I reckon that a serious rebound is coming....and I will be patient...

I reckon that traders are drip-feeding sales into the market in odd numbers....and then will buy back in large numbers soon.....like 100000 or more...

ref - required field - 31 Oct 2014 11:14 - 2563 of 2566
That's just guesswork....

--------------
my comment was with reasons why

your post maybe we can call it gueswork, as there are no reasons
your buy at 79p is already well out of pocket and still falling now 76.63p after being much lower earlier 74.60p

Keep an eye on lower Bollinger Band for a bounce back inside.

Chris

THAT IS A GOOD POINT

BUT THE LOWER BAND WILL KEEP DROPPING ALSO AS TIME PASS BY,
At this moment the share price is below that point, so with time will get back inside.

Will be a question of bouncing back of passing time

mentor - Agreed, I haven't traded it for a couple of years. Plenty of scope to get back in if or when it recovers. Never easy trying to predict bottoms or tops.