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

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.

If good news is in the pipeline.....all this tops, bottoms, bands or what...well...you can throw it out the window.....do you have faith is this company recovering ?...I do....so 2p out of pocket ?....it's a joke as it stands....patience,,,it willl rebound strongly.....I'm not glued to the markets so have to buy and wait which is more difficult but if the company is a good'un....no need to wait for the bottom 24/hrs a day.....XEL is another in silly price territory...COP is another....along with GKP, FPM and IAE....oil is not the flavour of the month but as economies recover,....demand will increase...if AFR has not reached the bottom : I'll stay put...but it might have and the bounce could be 10 or 20p up !....very quickly...

Or you could buy a few more and average down?

Sorry rf no offence intended, good luck with it.

Beaufort Securities 31st October 2014
Afren (LON:AFR) – Buy
Afren announced its unaudited interim management statement and financial results for the nine months ended 30th September 2014. The company also included a year-to-date operational update. Average net production for the nine months stood at 31,377 barrels of oil per day (bopd) with the full year guidance remaining between 32,000 to 36,000 bopd. Revenues for the period declined 34% to US$798.5m from US$1.2bn, in addition to the operating profit contraction of 57.3% to US$213.3m from US$500.6m. However, the post-tax profits improved to US$167.1m from US$128.6m, reflecting tax exemption at Ebok. Moreover, basic earnings per share from continuing operations climbed to 15.4c from 12.1c last year. On the operational front, final investment decision was taken for Aje and Okoro further field development, while a Wellhead jacket would be installed at Okwok in the fourth quarter. First oil is expected from all these facilities in 2015. At the Ebok Central Fault Block (ECFB) Extension, a platform is likely to be installed in Q4 2014. Drilling campaign started on OML 26 whereas OPL 310 is expected to be drilled for appraisal in 2015. Exploration drilling would soon begin with Ebok deep exploration well followed by Ameena East prospect on OML 115.
Our view: Afren reported a subdued top line growth owing to unfavourable weather conditions and installation delays at ECFB, and additional downtime at OML 26. The suspended operations at the Barda Rash facility also impacted the company’s production rates. Nevertheless, we expect the situation to improve in the next quarter following the resumption of field operations. Recently, an independent review absolved Afren of any further illegal payment charge after some of its senior officials were dismissed. We believe that the company’s present valuation makes it an attractive stock pick. We retain our Buy rating.