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

aldwickk - 16 Jan 2015 12:48 - 2947 of 3666

Am thinking of buying at around 28p

required field - 16 Jan 2015 12:48 - 2948 of 3666

around 22.5.....a tad more...

cynic - 16 Jan 2015 12:49 - 2949 of 3666

you can buy now aldo!
hindsight reveals that i shouldn't have closed that short so quickly

required field - 16 Jan 2015 12:51 - 2950 of 3666

It's a gamble....even if a bid does not materialise this coming week....I reckon it will later....so the sp could oscillate at a guess between 20p right up to 40p....before bidding...I'm guessing of course....I doubt that you'd be out of pocket coming in now with patience...

niceonecyril - 16 Jan 2015 12:57 - 2951 of 3666

Volume suggests traders taking profits? Perhaps the end of day positions will give a clue as what to expect on Monday(19th)?

HARRYCAT - 16 Jan 2015 13:00 - 2952 of 3666

I agree Cyril. Best thing now is to position yourself for monday trading. I'm happy to hold and will add if the sp drops sub 26p.

required field - 16 Jan 2015 13:00 - 2953 of 3666

I think that if a bid came...shorters would be : how shall I put it...well there is no easy word..."stuffed".....

HARRYCAT - 16 Jan 2015 13:02 - 2954 of 3666

If SEPLAT walk then shorters will be smiling. Take your pick rf. It's a punt. Just don't bet more than you can afford to lose.
Brokers put a value of 25p on this , excluding the 'bid potential'.

required field - 16 Jan 2015 13:07 - 2955 of 3666

Yes but it won't last.....of the two : I'd go long because the drop will be 5p...that's all....so the gamble is short 5p....or if there is a bid perhaps 80p wham........nuts to short this !...

required field - 16 Jan 2015 13:10 - 2956 of 3666

Brokers bonkers....Afren is well worth 100p with an oil recovery.....$45 to the barrel is unsustainable in my opinion....

HARRYCAT - 16 Jan 2015 13:11 - 2957 of 3666

If SEPLAT walk the sp will drop much further than 25p as many weak holders will sell in panic. I think the latest low is around 20p.

cynic - 16 Jan 2015 13:11 - 2958 of 3666

but what are the extraction costs from Ebok?

required field - 16 Jan 2015 13:12 - 2959 of 3666

It won't last.....and are you willing to gamble against a bid....crazy....

required field - 16 Jan 2015 13:13 - 2960 of 3666

There is debt...we all know about it....but the market cap is below 300 million.....and companies think long-term....ten years ahead sometimes....

niceonecyril - 16 Jan 2015 13:14 - 2961 of 3666

RF My earlier post is suggesting that maybe some will get a nod and a wink?

Its possible to cover with a small short reducing the risk,i know one successful PI who
traded this way.

required field - 16 Jan 2015 13:16 - 2962 of 3666

Yes... long and short at the same time.....I have thought of that....

HARRYCAT - 16 Jan 2015 13:17 - 2963 of 3666

Hope you're not starting to fall into the 'weak holder' category rf?!!! ;o)

required field - 16 Jan 2015 13:18 - 2964 of 3666

if there some shenanigans at work it could go like this :...no bid : sp drops then a bid....and some big boys aware and backing all the way up..down and around...

required field - 16 Jan 2015 13:19 - 2965 of 3666

Staying put Harry....shares + spread...

HARRYCAT - 16 Jan 2015 13:21 - 2966 of 3666

ooooooh! ..........So double whammy if it goes t*ts up? No wonder you are nervous!

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