Another newcomer to the main market...anybody any idea what the production figures are ?

FoxDavies views from the trading floor – Heritage Oil

i think at this sp the company could be target for take over

Still firmly set on the down side, I am tempted to bail as the trend is clearly against this stock and there doesn't appear to be any support.

Surely, looking at the chart on post #517, this is now almost a buy. Far too late to be bailing out imo, depending on your entry point. Long, long way to drilling results though.

I agree with Harrycat. I think this is worth a punt considering that just the cash holding is worth more than the company's current worth, let alone the assets it holds. Under these conditions, it could well be a takeover target. I may be getting it wrong, and something else may be in the equation like the current court case. Lets hear any views.

HOIL Heritage Oil

Confidence coming back into this stock.

Broker note just out.......

19 Apr Heritage Oil Ltd HOIL JP Morgan Cazenove Overweight 145.75 - 360.00 Reiterates

360p SP target.

HOIL Heritage oil.

I said in above post confidence was coming
back into this stock but i didnt
expect this high level of confidence
from the brokers following the stock..

Heritage Oil PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

GMP Securities [R]
16-04-12 BUY -8.21 -8.21
N+1 Brewin [R]
10-04-12 BUY -10.91 -5.70 -13.37 -7.00
Canaccord Genuity Ltd [R]
20-02-12 SPB -18.27 -5.69 -11.86 -3.79
Investec Securities [R]
07-12-11 HOLD -10.70 -4.07
Westhouse Securities
05-10-11 BUY

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus -13.67 -6.46 -12.73 -6.60
1 Month Change 2.19 0.54 -0.88 0.15
3 Month Change 5.14 0.01 0.94 0.58


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £m £4.01m £m
EBIT £m £m £m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -19.28x -22.39x -21.92x
PEG f f f
Net Asset Value PS p p p

Took at long position on a June future at 187.58, I figured this was a good punt, aware of what the brokers think its just a shame investors don't think the same. Holding for now...

Uganda problem continues & drilling results 5 months away. Not sure why investors would be that interested at the moment. Happy to be persuaded otherwise!

Off to a bad start but Im confident this one will come good. I saw a excelent article on twitter if I can find it Ill post it. cheers.

Does have a major gas discovery under its belt......in at a loss but I shall be patient....

Waiting for a pal to get back to me on that earlier article I mentioned on twitter. Hope hes till got it. Think it was from Money Week.

HOIL

Broker upgrade just out......

23 Apr Heritage Oil Ltd HOIL UBS Buy 140.70 190.00 - Upgrades


190p new SP target.

HOIL HERITAGE OIL

More on the Broker upgrade yesterday....

UBS has upgraded its rating for oil and gas group Heritage Oil from neutral to buy following the recent weakness in the shares.

The Swiss broker notes that since February, the stock has de-rated and the shares are now down 22% year-to-date in US$ terms, having underperformed other exploration and production companies (E&Ps) by 45%.

"We see this as unjustified and given unchanged underlying fundamentals we upgrade to buy," UBS said

New Broker Buy note out late
yesterday from GMP Securities.....

Heritage Oil PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

GMP Securities [R]
23-04-12 BUY -8.21 -8.21

HOIL Heritage Oil

Could do with some more volume here
but technicals gradually turning positive...

I think you might find Page (26) interesting chaps...

http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v4_generic

Goldfinger, thanks for the link and an interesting read, very tempted now though to increase my futures in the stock. 165 was mentioned as the trigger and I average 180 something currently...... Lets see if it starts to tick up over the next few days before jumping in.

Indeed indeed shortie. Fingers crossed.

Better still double click on this one for bigger
fonts. Click on IE header bar, VIEW then ZOOM then 150% to get bigger text.

From Money Week, 2 weeks ago.

http://d3j5vwomefv46c.cloudfront.net/photos/full/565126151.jpg?key=640525&Expires=1335579312&Key-Pair-Id=APKAIYVGSUJFNRFZBBTA&Signature=D6btzR3BKUK7lXmnODrbVWZU407Uaxg6Jfjt86FfbdDCjjUIhvYLg1eVT99tfkscYC7q7hMENFAzdOZ~0YYIoFCWO1zUUE~k0tBVBWfKOO4Bi-I13Fz6obq~thwKyD07J1FX7TmI-OG0HqCiODcA29czWwfCdKRRm~FHHNiNBDg_