< "> 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

Symbol Name PRICE TO SALES Industry MKT CAP(M)
1 RDSB Rds B 0.18 OIL & GAS PRODUCERS 49210.88
2 RDSA Rds A 0.28 OIL & GAS PRODUCERS 76833.73
3 BP. BP 0.30 OIL & GAS PRODUCERS 67836.20
4 AFR Afren 0.39 OIL & GAS PRODUCERS 387.87
5 ENQ Enquest 0.45 OIL & GAS PRODUCERS 263.82
6 SMDR Salamander 0.51 OIL & GAS PRODUCERS 148.97
7 TTA Total Ord 0.58 OIL & GAS PRODUCERS 92431.26
8 IAE Ithaca Energy 0.64 OIL & GAS PRODUCERS 160.07
9 FTO Fortune Oil 0.71 OIL & GAS PRODUCERS 165.57
10 PMO Premier Oil 0.84 OIL & GAS PRODUCERS 765.97
11 NOG Nostrum Oil&Gas 0.84 OIL & GAS PRODUCERS 748.78
12 EXI Exillon Energy 0.96 OIL & GAS PRODUCERS 186.55
13 COP Circle Oil 0.98 OIL & GAS PRODUCERS 55.17
14 FPM Faroe Petrol. 1.24 OIL & GAS PRODUCERS 160.87
15 TLW Tullow Oil 1.25 OIL & GAS PRODUCERS 3311.25
16 IGAS Igas Energy 1.32 OIL & GAS PRODUCERS 99.96
17 VGAS Volga Gas 1.70 OIL & GAS PRODUCERS 58.74
18 TPL Tethys 1.81 OIL & GAS PRODUCERS 40.37
19 PCI Petroceltic 1.91 OIL & GAS PRODUCERS 227.00
20 RRL Range Res. 2.33 OIL & GAS PRODUCERS 27.24
21 BG. BG Grp. 2.33 OIL & GAS PRODUCERS 26957.31
22 SIA Soco Intl. 2.33 OIL & GAS PRODUCERS 855.45

If anyone is interested, this is a list of oil producers with a market cap greater than 25m, with the lowest price/sales ratio at the top.

Interesting.

So Russia has 'blinked' and massively raised its bank rates by 6.5% to 17%, an unprecedented amount.

Any Russian company borrowing money in Russia will find business model repayment exceptionally difficult, and the inability to raise foreign currency due to Western Financial sanction over Ukraine. In a nutshell Russia's internal budget in dire straits, with the crash in the Rouble. This will hit Russia oil production and oil exports volumes.

Other non-Russian oil produces will look to make up slack in the oil delivery market, increasing their own production.

Low oil prices and marginal over supply will drive short to medium term Global economic growth and provide consumers with more disposable income for discretionary purchases of goods. - Short term pain for medium term growth benefits / jobs etc.

How will Russia deal with the headache of Rouble erosion?

DYOR

HAb

Russia has raised it rates to 17%

thanks Derwent - HAb

16:35:29 35.93 1,308,044 UT 35.93 35.97 Sell

Good day,i wonder what that UT trade was about?

It's an uncrossed trade cyril .

5% up.

Finished up 7% on the day.

Is Afren Plc A Buy Right Now?
By Royston Wild | Fool.co.uk – 10 hours ago

Afren PLC

RELATED QUOTES
Symbol Price Change
AFR.L 38.19 +2.26

To say that oil explorer Afren (LSE: AFR) has suffered an annus horribilis in 2014 would be something of a colossal understatement. Enduring weakness in the oil price, combined with financial improprieties in the boardroom and production reports badly missing forecasts, has severely crimped investor appetite for the firm in recent times.

As a result shares in the business have tumbled 79% during the course of the year, and bottomed out at just under 33p per share this week, the lowest for almost six years.
Drilling report reveals terrific potential

Still, shares flipped almost 10% higher yesterday following a positive drilling update at its operations in East Africa, viewed by many as a potential growth driver in future years.

Afren announced that drilling and coring work at its Block 1101 onshore project in Madagascar had completed, revealing the presence of oil resevoirs across the Triassic, Jurassic and Cretaceous zones. The company plans to carry out further analysis of the area during the first quarter of 2015, positive results from which could thrust shares higher again
A snip at current prices

The City's army of analysts do not expect the firm's earnings improvement to offer much reason for cheer over the next year as group-wide production problems endure, however. Indeed, current forecasts indicate a 61% decline in earnings for this year to 11p per share. And an additional 29% decline is chalked in for 2015 to 7.8p per share.

Still, I believe that Afren still provides excellent value at current levels. The business changes hands on a modest P/E multiple of 3.3 times prospective earnings for 2014, some way below the benchmark of 10 times or below which marks represents stunning value. And this remains low at just 4.4 times for 2015.

Make no mistake: the revenues-crushing impact of declining oil prices is not expected to dissipate any time soon as surging US shale output and rampant production from OPEC nations swamps the market with oodles of new capacity. And with the global economy continuing to waver and US stockpiles breaking at the seams this imbalance is likely to be rectified any time soon.

But given Afren's suite of top-notch projects and relatively low earnings multiples -- by comparison oil majors BP and Royal Dutch Shell change hands on forward readouts of 9.1 times and 8.7 times correspondingly -- the business can be considered a potentially explosive stock with less risk than its sector peers.

Watch your income flows gush with this Foolish advice

But whether or not you fancy stashing your investment cash in Afren, I would strongly urge you to check out the Fool's latest wealth report which highlights how you can make a packet from investing in the best income stocks around.

This ALL NEW and EXCLUSIVE report, titled "How To Create Dividends For Life," lays out the golden rules on what to do -- and what not to do -- when loading up on dividend-paying shares. Click here now to download your copy; it's 100% free and comes with no further obligation.

Royston Wild has no position in any shares mentioned. The Motley Fool UK has recommended Afren. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

http://www.independent.co.uk/news/business/news/exxon-woos-gkp-to-gain-kurdish-base-6278531.html


Todd Kozel, believes the group could eventually go for double-figure billions. GKP is sitting on what is considered to be one of the world's great recent oil finds – Shaikan, about 50 miles north-west of Kurdistan's capital, Erbil – but the regional government is known to want a supermajor on board to properly fund and develop the field.

It is thought that the board would not accept the estimated £8-a-share that Exxon is considering and that a number of other companies, perhaps including China's Sinopec and Californian giant Chevron, are monitoring the situation. There is even some speculation that an informal four-way auction for GKP might be under way, while it is also believed that the company has spoken to at least two smaller businesses about potentially developing its assets in a joint venture.

http://www.dailyfx.com/crude-oil

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http://www.oil-price.net/index.php?lang=en

Seems that the above link is at odds with the one in the header?

$63.26 against $59.80????

hxxp://www.livecharts.co.uk/MarketCharts/crude.php

Which stock to buy for the bounce?

Intraday OIL price
------------------------------NYMEX ------------------------------------------------------------- BRENT -----------
Intraday

13% up so far today.

...'Santa Raleigh' ??

City folk need to top-out their accounts to gain their Xmas bonus. Probably a lot of short closing too.

DYOR

HAb

exceptionally heavy volume too

since the marked down at the start, is now on a intraday spike like

low of 38.50p to 43.50p now

the oil price is more of a yo yo but rising

Rising way ahead of all other oilers today .